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Tag: #floridakeysmortgage

What Do Experts Say About Today’s Mortgage Rates?

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity. Here’s what they have to say: Sam Khater, Chief Economist at Freddie Mac, points out the historic nature of today’s rates: “As the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants...

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Options for First-Time Homebuyers [INFOGRAPHIC]

Some Highlights With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs. If you’re having trouble finding your first home, let’s connect to explore your options. It’s out there! Content previously posted on Keeping Current Matters Keeping Current Matters

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More Young People Are Buying Homes

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing slightly behind older generations: “Historically, millennials have delayed the critical lifestyle choices often linked to buying a first home, including getting married and having children, in order...

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Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale). An article from the Wall Street Journal shows this is true for new home construction: “Home builders have sold more homes than they can build. Now they are limiting their sales in an effort to catch up.” The article quotes David...

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What Does Being in a Sellers’ Market Mean?

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which...

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Celebrity Cannabis Activist Ed ‘NJWeedman’ Forchion Announces Grand Opening: The Joint of Miami Independence Day Festivities

MIAMI, Fla. /Florida Newswire/ — The cannabis community’s most beloved and beleaguered outlaw, Ed “NJWeedman” Forchion, is celebrating this Fourth of July weekend with his biggest bong bang ever. His new marijuana themed lounge, The Joint of Miami, located in Miami’s trendy Wynwood Art District, officially opens its doors during Independence Day Weekend with three days of smoke infused festivities, Friday, July 2, Saturday, July 3 and Sunday July 4, 2021. Guest DJ’s include DJ ReRe, DJ Alamo and DJ Suave, with musical headliners Illuminati Congo, Philadelphia...

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beycome announces more than 5,000 houses sold in May 2021

MIAMI, Fla. /Florida Newswire/ — beycome, the digital brokerage that empowers consumers to be their own real estate agent, announced it surpassed the mark of 5,000 homes sold last month. Since its launch in 2017, beycome has saved consumers over $71 million in real estate commissions. The digital service prioritizes service and support over sales. “The focus of our company is to help homeowners become their own real estate agent. With our technology, they handle all negotiations and showings themselves, which in turn allows them to get the most out of their sale. Our users close...

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*Assumes 2.799% APR, 20% down payment, and conforming 30-year fixed rate first mortgage on a single family, primary residence. The monthly payment you enter includes only principal and interest. Additional required amounts such as taxes, insurance, home owner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan based on the payment entered. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice.  **Posted APR is based on Mortgage Assumptions
 
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