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Category: Home Prices

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Should I Buy a Home Now or Wait?

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Tips, Equity, For Buyers, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates.

At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.” That’s because homeownership is about the long game – and home prices typically rise over time. So, while you may be holding out for prices to fall or rates to improve, you should know that trying to time the market rarely works. Here’s what most buyers don’t always think about: the longer you wait, the more buying could cost you. And you deserve to understand why. Forecasts Say Prices Will Keep Climbing Each quarter, over 100 housing market experts weigh in for...

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What’s Your House Worth Now? The Answer May Surprise You

Written by Key Largo Mortgage Syndicated User on . Posted in For Sellers, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates.

Let’s talk about something you might not check nearly as often as your bank account – and that’s how much your home is worth. But when it comes to your financial situation, it’s an important thing to remember. When’s the last time you had a professional show you the value of your home? Think about it. For most people, your house is probably the biggest asset you have. And if you’ve owned your home for a few years (or longer), chances are it’s been quietly building wealth for you in the background. And honestly? You might be surprised by just how much.  What Is Home Equity? This wealth you...

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Do You Think the Housing Market’s About To Crash? Read This First

Written by Key Largo Mortgage Syndicated User on . Posted in Economy, Home Prices, Inventory, Key Largo Mortgage, Key Largo Mortgage Rates.

Lately, it feels like a lot of people have been asking the same question: “Is the housing market about to crash?” If you’ve been scrolling through social media or watching the news, you might have seen some pretty scary headlines yourself. That’s why it’s no surprise that, according to data from Clever Real Estate, 70% of Americans are worried about a housing crash in 2025. But before you hit pause on your plans to buy or sell a home, take a deep breath. The truth is: the housing market isn’t about to crash – it’s just shifting. And that shift actually works in your favor. Today’s...

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The #1 Thing Sellers Need To Know About Their Asking Price

Written by Key Largo Mortgage Syndicated User on . Posted in For Sellers, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Tips.

When you put your house on the market, you want to sell it quickly and for the best price possible; that’s generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has grown. The side effect? Price cuts are on the rise, but they really don’t have to be. Here’s why. According to data from Realtor.com, in February, price cuts were the highest they’ve been in any other February since 2019 (see graph below): If you consider that 2019 was the last true normal year for the housing market – that’s a big deal....

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Here’s What a Recession Could Mean for the Housing Market

Written by Key Largo Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates.

Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession. Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s. A Recession Doesn’t Mean Home Prices Will Fall Many people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since. In...

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National Housing Trends To Watch

Written by Key Largo Mortgage Syndicated User on . Posted in Home Prices, Infographics, Inventory, Key Largo Mortgage, Key Largo Mortgage Rates.

Some Highlights At a national level, the housing market has shifted over the past year. There are more homes for sale, price growth has moderated, and homes are taking a little longer to sell. Do you want to know how your area compares? Connect with a real estate agent to go over what’s happening locally and what this means for you.

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4 Things To Expect from the Spring Housing Market

Written by Key Largo Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

Spring is in full swing, and the housing market is picking up along with it. And if you’ve been wondering whether now is the right time to buy or sell, here’s the inside scoop on why this spring may be a great time to make your move. 1. There Are More Homes for Sale After a long stretch of tight inventory, the number of homes for sale is finally improving. According to recent national data from Realtor.com, active listings are up 27.5% compared to this time last year. Look at the graph below and follow the green line for 2025. You can see, even though inventory levels still haven’t...

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Rising Inventory Means This Spring Could Be Your Moment

Written by Key Largo Mortgage Syndicated User on . Posted in For Buyers, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates.

Want to know two reasons this spring might finally be your time to buy? Inventory has grown and sellers may be more willing to negotiate as a result. That means you’ve got more options and more power than buyers have had in years. Let’s break it down. 1. You Have More Homes To Choose From The number of homes for sale this February was higher than it’s been in any of the past five Februarys – and that’s great news for your home search. The graph below uses the latest data from Realtor.com to show the supply of homes on the market has grown by 27.5% in just the last year: More choices for...

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Should I Buy a Home Right Now? Experts Say Prices Are Only Going Up

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Tips, First-Time Buyers, For Buyers, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates.

At one point or another, you’ve probably heard someone say, “Yesterday was the best time to buy a home, but the next best time is today.” That’s because nationally, home values continue to rise. And with mortgage rates still stubbornly high and home prices going up, you may be holding out for prices to fall or trying to time the market for that perfect rate. But here’s the truth: waiting for the right moment could cost you in the long run. Home Prices Are Still Rising – Just at a More Normal Pace The idea that prices will drop dramatically is wishful thinking in most markets. According to...

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Do You Know What Your House Is Really Worth?

Written by Key Largo Mortgage Syndicated User on . Posted in Equity, For Sellers, Home Prices, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates.

Some Highlights Over the past 5 years, home prices have risen dramatically. If you own a home, that means your house may be worth a lot more than you think. ? Nationally, prices are up nearly 60% since 2019. ?And, if selling has been on your mind, you can use that bigger-than-expected return to power your next move. If you want to know how much your home is worth in today’s market, reach out to a local agent.? The number may surprise you.

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