Category: Inventory

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Don’t Let These Two Concerns Hold You Back from Selling Your House

Written by Marathon Florida Keys Mortgage on November 18, 2024. Posted in For Sellers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market. Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won’t find a house you like. To put your mind at ease, here’s how to tackle these two concerns head-on. Is It Even a Good Idea To Move Right Now? If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be...

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More Homes, Slower Price Growth – What It Means for You as a Buyer

Written by Marathon Florida Keys Mortgage on November 13, 2024. Posted in For Buyers, Home Prices, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why. You Have More Options To Choose From An article from Realtor.com helps explain just how much the number of homes for sale has gone up this year: “There were 29.2% more homes actively for sale on a typical day in October compared with the same time in 2023, marking the twelfth consecutive month of annual inventory growth and the highest count since December 2019.” And while the number of homes on the market still isn’t...

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Why Your House Will Shine in Today’s Market

Written by Marathon Florida Keys Mortgage on October 28, 2024. Posted in Affordability, For Buyers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out. There are several key reasons why there aren’t enough homes to go around and understanding them will help you see why the market is working in your favor if you’re ready to make a move. What’s Causing the Shortage? 1. Underproduction of Homes: For years, the industry hasn’t built enough homes to keep up with demand. As Zillow explains: “In 2022, 1.4...

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Two Reasons Why the Housing Market Won’t Crash

Written by Marathon Florida Keys Mortgage on October 9, 2024. Posted in Economy, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

You may have heard chatter recently about the economy and talk about a possible recession. It’s no surprise that kind of noise gets some people worried about a housing market crash. Maybe you’re one of them. But here’s the good news – there’s no need to panic. The housing market is not set up for a crash right now. Real estate journalist Michele Lerner says: “A housing market crash happens when home values plummet due to a lack of demand for homes or an oversupply.” With that definition in mind, here are two reasons why this just isn’t on the horizon. 1. Demand for Homes Is Higher...

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Buying Beats Renting in 22 Major U.S. Cities

Written by Marathon Florida Keys Mortgage on September 30, 2024. Posted in Affordability, For Buyers, Home Prices, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Mortgage Rates.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below): As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country. This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area...

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The Best Time To Buy a Home This Year

Written by Marathon Florida Keys Mortgage on September 16, 2024. Posted in Buying Tips, For Buyers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Mortgage Rates.

A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around the corner. Your sweet spot is here. The experts at Realtor.com study seasonal trends to figure out the ideal week for homebuyers: “Nationally, the best time to buy in 2024 is the week of Sept. 29–Oct. 5. This week historically has shown the best balance of market conditions that favor buyers. Inventory tends to be high,...

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The Surprising Amount of Home Equity You’ve Gained over the Years

Written by Marathon Florida Keys Mortgage on September 9, 2024. Posted in For Sellers, Home Prices, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

There are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have a big impact on your equity. How Long You’ve Been in Your Home First up is homeowner tenure. That’s how long homeowners live in a house, on average, before selling or choosing to move. From 1985 to...

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Are We Heading into a Balanced Market?

Written by Marathon Florida Keys Mortgage on August 29, 2024. Posted in For Buyers, For Sellers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more...

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What’s the Impact of Presidential Elections on the Housing Market?

Written by Marathon Florida Keys Mortgage on August 27, 2024. Posted in Economy, For Buyers, For Sellers, Home Prices, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Mortgage Rates.

It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still a good time to make your move. Here’s the good news that may surprise you: typically, Presidential elections have only had a small, temporary impact on the housing market. But your questions are definitely worth...

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How Growing Inventory Benefits Today’s Buyers

Written by Marathon Florida Keys Mortgage on August 23, 2024. Posted in For Buyers, Infographics, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Some Highlights While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.? Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth. If you want to talk more about what rising inventory means for you, connect with a local real estate agent.

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Are There More Homes for Sale Where You Live?

Written by Marathon Florida Keys Mortgage on August 12, 2024. Posted in For Buyers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year. Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but was discouraged by how limited...

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3 Reasons Why We’re Not Headed for a Housing Crash

Written by Marathon Florida Keys Mortgage on August 2, 2024. Posted in Foreclosures, Infographics, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Some Highlights Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time. Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash. Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008.

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Unlocking Homebuyer Opportunities in 2024

Written by Marathon Florida Keys Mortgage on July 18, 2024. Posted in Buying Tips, For Buyers, Home Prices, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

There’s no arguing this past year has been difficult for homebuyers. And if you’re someone who has started the process of searching for a home, maybe you put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. A Bright MLS study found some of the top reasons buyers paused their search in late 2023 and early 2024 were: They couldn’t find anything in their price range They didn’t have any successful offers or had difficulty competing They couldn’t find the right home If any of these sound like why you stopped looking, here’s...

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Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008

Written by Marathon Florida Keys Mortgage on July 8, 2024. Posted in Economy, Foreclosures, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Even if you didn’t own a home at the time, you probably remember the housing crisis in 2008. That crash impacted the lives of countless people, and many now live with the worry that something like that could happen again. But rest easy, because things are different than they were back then. As Business Insider says: “Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond.” Here’s why experts are so confident. For the market (and home prices) to crash, there...

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How Long Will It Take To Sell My House?

Written by Marathon Florida Keys Mortgage on June 25, 2024. Posted in For Sellers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

You want your house to sell fast. And you may be wondering how long the whole process is going to take. One way to get your answer? Work with a local real estate agent. They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. That way you have realistic expectations and can work together to come up with a plan that’s based on today’s market. Here’s a high-level overview of just one of the factors a great agent will walk you through – the supply of homes for sale and how that impacts your process. The Growing Supply of...

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

Written by Marathon Florida Keys Mortgage on June 24, 2024. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

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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Homebuilders Aren’t Overbuilding, They’re Catching Up

Written by Marathon Florida Keys Mortgage on June 13, 2024. Posted in For Buyers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

You may have heard that there are more brand-new homes available right now than the norm. Today, about one in three homes on the market are newly built. And if you’re wondering what that means for the housing market and for your own move, here’s what you need to know. Why This Isn’t Like 2008 People remember what happened to the housing market back in 2008. And one of the factors that contributed to that crash was that there were too many homes for sale. While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear...

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The Sweet Spot for Buying Luxury Homes

Written by Marathon Florida Keys Mortgage on June 5, 2024. Posted in For Buyers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up.

If you’ve been looking for a home at the high end of your market, but haven’t found the right one, you may have put your search on hold. But according to recent data, now may be the time to jump back in. Here’s why. There Are More Luxury Homes To Choose From What’s considered the top-end of the market, or a luxury home, will always vary by location. But generally speaking, they’re homes that are valued in the top 5% of any given market. According to a recent report from the Institute for Luxury Home Marketing, the selection of luxury homes is increasing (see graph below): As the graph...

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How Many Homes Are Investors Actually Buying?

Written by Marathon Florida Keys Mortgage on May 22, 2024. Posted in Economy, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Are big investors really buying up all the homes today? If you’re trying to find a house to buy, this may be something you’re wondering about. Maybe you’ve read about it or seen reels on social media saying investors buying all the homes is making it even harder to find what the average buyer is looking for. But spoiler alert – there’s a lot of misinformation out there. To clear things up, here’s the scoop on what’s really happening. A lot of the big investor activity is actually in the rearview mirror already. The Wall Street Journal (WSJ) explains: “Investors of all sizes...

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The Number of Homes for Sale Is Increasing

Written by Marathon Florida Keys Mortgage on May 16, 2024. Posted in For Buyers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around. But things are starting to look up. There are more homes up for grabs this year. The graph below uses the latest data from Realtor.com to show in April 2024 there were more homes for sale than there were over the last few years (2021-2023): As Realtor.com explains: “There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutive month of annual inventory growth.” But...

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The Top 2 Reasons To Consider a Newly Built Home

Written by Marathon Florida Keys Mortgage on May 9, 2024. Posted in Buying Tips, First-Time Buyers, For Buyers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage, New Construction.

When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like. Maybe you’ve got a specific picture of that house in your mind. But unless you came into this process knowing you want to buy a newly built home, you may not have pictured new home construction. A trusted real estate agent can help walk you through these two reasons you may want to reconsider that. 1. Adding Newly Built Homes Could Give You More Options There are two types of homes on the market: new and existing. A newly built home refers to a house that was just built...

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What More Listings Mean When You Sell Your House

Written by Marathon Florida Keys Mortgage on April 30, 2024. Posted in For Sellers, Inventory, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Tips.

The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right. But the supply of homes for sale is growing. According to the latest data from Realtor.com, new listings (homeowners who just put their house up for sale) are trending up (see graph below): This graph shows more homeowners are putting that sale sign up in their yards...

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