Mortgage Rates Are Dropping. What Does That Mean for You?

Written by Space Coast Mortgage Syndicated User on December 20, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying: “Mortgage rates dropped even further this week as two main factors affecting today’s mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a...

2023 Housing Market Forecast [INFOGRAPHIC]

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

Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES) National Association of Realtors (NAR) Mortgage Bankers Association (MBA) Fannie Mae Freddie Mac Zelman & Associates Greg McBride, Chief Financial Analyst, Bankrate Content previously posted on Keeping Current Matters

Planning to Retire? It Could Be Time To Make a Move.

Written by Space Coast Mortgage Syndicated User on December 16, 2022. Posted in Baby Boomers, Demographics, For Sellers, Move-Up Buyers, Senior Market, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You’ve Been in Your Home From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today,...

You May Have More Negotiation Power When You Buy a Home Today

Written by Space Coast Mortgage Syndicated User on December 15, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other buyers. And with less competition comes more opportunity. Here are two trends that may be the news you need to reenter the market. 1. The Return of Contingencies Over the last two years, more buyers were willing to skip important steps in the homebuying process, like the...

Celebrate Holidays in Space at Kennedy Space Center Visitor Complex.

Written by Space Coast Mortgage Syndicated User on December 14, 2022. Posted in Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Written by Kristen Schmutz Belden Communications News Kennedy Space Center Visitor Complex is calling all space explorers to celebrate Holidays in Space, beginning Friday, December 16, through December 30, 2022. Upon arriving through the gates at Kennedy Space Center Visitor Complex, guests can enjoy the wonder of the festive holiday décor that has taken over. Some decor throughout the Complex includes a 50-foot tree with more than 61,000 pixels of light, multiple six-foot-tall astronaut nutcrackers, and the return of the NASA meatball turned holiday ornament. Other festive events...

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

Written by Space Coast Mortgage Syndicated User on December 14, 2022. Posted in For Sellers, Housing Market Updates, Selling Myths, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger picture. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 35% below the...

Norwegian Prima sets sail to the Caribbean from Port Canaveral.

Written by Space Coast Mortgage Syndicated User on December 13, 2022. Posted in Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Written by Kristen Schmutz Belden Communications News Norwegian Cruise lines is proud to announce the arrival of the Norwegian Prima, the Cruise Line’s newest ship, to Port Canaveral, FL, the ship’s new homeport through March 2023. The Prima is the first of six vessels in the Cruise Line’s highly anticipated Prima Class, and the first new class of ships, from Norwegian Cruise Lines in nearly ten years. According to a release, this year, Port Canaveral will welcome more NCL ships than ever before, including Norwegian Escape, Norwegian Getaway, Norwegian Joy, Norwegian Gem, and...

What Every Seller Should Know About Home Prices

Written by Space Coast Mortgage Syndicated User on December 13, 2022. Posted in For Sellers, Housing Market Updates, Selling Myths, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices? It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture. While home prices are down slightly...

Reasons To Sell Your House This Season [INFOGRAPHIC]

Written by Space Coast Mortgage Syndicated User on December 10, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Selling Myths, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Some Highlights If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house. The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another year. Let’s connect to determine if selling your house before the new year is the right move for you. Content previously posted on Keeping Current Matters

Homeownership Is an Investment in Your Future

Written by Space Coast Mortgage Syndicated User on December 9, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as for a clearer picture of the economic outlook.” If you’re in that position, remember that it’s important to consider not just what’s happening today but also what benefits you...

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