Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.
To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know.
Home Prices Rose Significantly in Recent Years
The graph...
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?
Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market:
“Inflation will have a strong influence on where mortgage rates go in the months ahead. . . . Whenever inflation finally starts to ease, so will mortgage rates — but even then, home prices are...
If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market?
The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways.
To better understand why, it’s important to know what pre-approval is. Freddie Mac defines the process like this:
“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money...
If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home that will meet your current needs. Here are some options to consider.
Buying an Existing Home Can Give You That Lived-in Charm
According to the National Association of Realtors (NAR), the supply of existing homes (a home that’s been previously owned) has steadily increased...
Lean on a Real Estate Expert When You Sell in Today’s Shifting Market. Today’s market is at a turning point. Get an expert in your corner when you sell your house.NMLS ID 1834853 #floridamortgage #floridarealestate #floridarealestatemarket #realestatemarketshift
Some Highlights
It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home.
When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save.
If you want to learn more about the benefits of homeownership, let’s connect today.
Content previously posted on Keeping Current Matters
Written by Kristen Schmutz
Belden Communications News
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Written by Kristen Schmutz
Belden Communications News
Disney Cruise Line’s newest cruise ship, the Disney Wish, officially pulled into Port Canaveral around 5 a.m. on Monday, June 20, 2022.
The 144,000 gross ton ship will be the first of three new Disney Cruise Line ships built at the Meyer Werft shipyard in Germany through 2025. The new ship-class will use liquefied natural gas and be slightly larger than the Disney Dream and Disney Fantasy.
“With the Disney Wish, we’re continuing our tradition of delivering the most magical and relaxing vacations at sea, combining legendary service...
Written by Kristen Schmutz
Belden Communications News
Norwegian Cruise Lines has announced the relaunch of its award-winning Norwegian’s Giving Joy recognition program, which provides educators with free cruises and a chance to win up to $25,000 for their schools, in honor of Teacher Appreciation Week (May 2-6).
Norwegian’s Giving Joy program is a month-long campaign, running from May 2 through June 3, that encourages the nominations of certified or accredited teachers who strive to bring joy into their classrooms and inspire their students daily.
The top one hundred teachers voted for...