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Category: Home Prices

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Why Your Asking Price Matters Even More Right Now

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

If you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing. While home prices are still appreciating in most areas, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer demand. At the same time, the supply of homes for sale is growing. That means buyers have more options and your house may not stand out as much, if it’s not priced right. Those two factors combined are why the asking price you set for your house is more...

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Real Estate Still Holds the Title of Best Long-Term Investment

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

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision. According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes: But why does...

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Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

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

Some Highlights Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady. If you have questions about what to expect for the rest of the year, connect with a local agent to have a conversation about what it means for you and your plans.

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Focus on Time in the Market, Not Timing the Market

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

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered. If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market. The Downside of Trying To Time the Market  Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while...

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Housing Market Forecast: What’s Ahead for the 2nd Half of 2024

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

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales. Home Prices Are Expected To Climb Moderately Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry: The reason for continued appreciation? The supply of homes for sale. Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), explains: “One thing that seems to be pretty solid is that home prices are going to continue to go up, and...

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Home Prices Aren’t Declining, But Headlines Might Make You Think They Are

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

If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices. The bottom line is home prices are higher than they were a year ago at this time, and they’re expected to keep rising, just at a slower pace. But a recent article from Redfin notes, “Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand.” And that might make you think prices are declining. Now, while it’s true the latest report from Realtor.com also shows 16.6% of homes on the market had...

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Your Agent Is the Key To Pricing Your House Right [INFOGRAPHIC]

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

Some Highlights The asking price for your house can impact your bottom line and how quickly it sells. Both under- and overpricing have drawbacks. So to find the right price for your house, lean on your agent for their expertise. Don’t pick just any price for your listing. Trust your real estate professional to help you find the perfect price for your house.

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What’s Next for Home Prices and Mortgage Rates?

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

If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out. The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates. 1. What’s Next for Home Prices? One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a...

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Home Prices Are Climbing in These Top Cities

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

Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what’s going on with home prices these days. Here’s the scoop. The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below): As you can see, home prices were rising for most of 2023. But over the course of December and January, they were virtually flat – which is pretty normal for that time of year. But here’s what you need to know now. As of February, when the spring market kicked off, prices...

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What You Really Need To Know About Home Prices

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

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know. A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation...

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