Home Price Deceleration Doesn’t Mean Home Price Depreciation

Written by Space Coast Mortgage Syndicated User on June 17, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Pricing, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear: Appreciation is when home prices increase. Depreciation is when home prices decrease. Deceleration is when home prices continue to appreciate, but at a slower pace. Where Home Prices Have Been in Recent Years For starters, you’ve probably heard home prices have skyrocketed over...

Why You Need an Expert To Determine the Right Price for Your House

Written by Space Coast Mortgage Syndicated User on June 6, 2022. Posted in For Sellers, Pricing, Selling Myths, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell. And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal you want. A key piece of the puzzle...

History Proves Recession Doesn’t Equal a Housing Crisis [INFOGRAPHIC]

Written by Space Coast Mortgage Syndicated User on June 4, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Pricing, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008. Content previously posted on Keeping Current Matters

Sellers Have an Opportunity with Today’s Home Prices

Written by Space Coast Mortgage Syndicated User on May 25, 2022. Posted in For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green: This is largely due to an ongoing imbalance in supply and demand. Specifically, housing supply is still low, and demand...

2022 Housing Market Forecast [INFOGRAPHIC]

Written by Space Coast Mortgage Syndicated User on May 16, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers, Pricing, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Let’s connect so you can make your best move this year. Content previously posted on Keeping Current Matters

How Today’s Mortgage Rates Impact Your Home Purchase

Written by Space Coast Mortgage Syndicated User on May 16, 2022. Posted in First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power. Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say...

Will Home Prices Fall This Year? Here’s What Experts Say.

Written by Space Coast Mortgage Syndicated User on May 16, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.” So why are prices climbing so much? It’s because there are more buyers than...

Category: Pricing