111,285 Reasons You Should Buy a Home This Year

Written by Marathon Florida Keys Mortgage on October 7, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers, Rent vs. Buy.

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built up by price appreciation and paying off the mortgage.” An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

What Do Supply and Demand Tell Us About Today’s Housing Market?

Written by Marathon Florida Keys Mortgage on October 6, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers, Pricing.

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly. Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market: Why are prices rising? Where are prices headed? What does this mean for homebuyers? Why Are Prices Rising? According...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

The Main Key To Understanding the Rise in Mortgage Rates

Written by Marathon Florida Keys Mortgage on October 5, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains: “Mortgage rates rose across all loan types this week as the 10-year U.S. Treasury yield reached its highest point since June.” The reason Khater mentions the 10-year U.S. Treasury yield is because there has been...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

4 Tips To Prep for Your Home Sale This Fall

Written by Marathon Florida Keys Mortgage on October 4, 2021. Posted in For Sellers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment. Here are four simple tips to make sure you maximize the sale of your house this fall. 1. Price It Right One of the first things buyers will notice is the price of your house. That’s why it’s important to price it right. Your goal in pricing your house is to draw attention from competing buyers and let bidding wars push the final...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Reasons Renters Buy [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on October 1, 2021. Posted in First Time Home Buyers, For Buyers, Infographics, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Rent vs. Buy.

Some Highlights When deciding whether you should rent or buy, make sure you’re considering these factors. Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting. If you’re ready to take advantage of the perks of homeownership, let’s connect to explore your options. Content previously posted on Keeping Current Matters

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

As Home Equity Rises, So Does Your Wealth

Written by Marathon Florida Keys Mortgage on September 30, 2021. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers, Pricing.

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. The best thing about equity is that it often grows without you even realizing it, especially in a...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Don’t Tackle Selling Your Home on Your Own – an Agent Can Help

Written by Marathon Florida Keys Mortgage on September 29, 2021. Posted in For Sellers, FSBOs, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, it can be tempting to list your house on your own – known as For Sale By Owner (FSBO). But the truth is, a real estate professional can save you time and money by managing every step of the process, from pricing your home to reviewing documents and handling negotiations. Before you decide to sell your house on your own, here are five reasons why working with an agent is your best bet to maximize the sale of your home. 1. First impressions are...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Early October is the Sweet Spot for Buyers

Written by Marathon Florida Keys Mortgage on September 28, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall. According to realtor.com, the sweet spot for buyers is just around the corner. In a recent study, experts analyzed...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

If You’re a Buyer, Is Offering Asking Price Enough?

Written by Marathon Florida Keys Mortgage on September 27, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price somewhere in the middle. Things Are Different Today Today’s housing market is anything but normal. According to the National Association of Realtors (NAR), homes today are: Receiving an average of 3.8 offers Selling in just 17 days Homes selling quickly...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

It’s Still a Sellers’ Market [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on September 24, 2021. Posted in For Sellers, Housing Market Updates, Infographics, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers, Pricing.

Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Let’s connect so you can take advantage of this hot sellers’ market. Content previously posted on Keeping Current Matters

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Two Reasons Why Waiting a Year To Buy Could Cost You

Written by Marathon Florida Keys Mortgage on September 23, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers, Pricing.

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022? Where will mortgage rates be by the end of 2022? Let’s shed some light on the answers to both of these questions. What will home prices be like in 2022? Three major housing industry entities project continued home price appreciation for 2022....

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Is a 20% Down Payment Really Necessary To Purchase a Home?

Written by Marathon Florida Keys Mortgage on September 22, 2021. Posted in Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Millennials.

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down is not mandatory. As Freddie Mac puts it: “The most damaging down payment myth—since it stops the homebuying process...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?

Written by Marathon Florida Keys Mortgage on September 21, 2021. Posted in For Buyers, For Sellers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary, so they chose to get creative and make the space they already had work for them. But recent headlines indicate working from home isn’t a passing fad. If you’re still longing for a dedicated home office, now may be the time to find the home that addresses your evolving needs....

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Is It Time To Move on to a New Home?

Written by Marathon Florida Keys Mortgage on September 20, 2021. Posted in For Buyers, For Sellers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than doubled to over 10 years. The housing industry refers to this as your tenure. To really explore tenure, it’s important to understand what drives people to make a move. An article from The Balance explores some of the primary reasons individuals choose to sell their...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Have You Ever Seen a Housing Market Like This? [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on September 17, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Rent vs. Buy.

Some Highlights Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today’s mortgage rates to escape rising rents and keep monthly payments affordable. Sellers can reap the benefits of multiple offers and a fast sale. If this sounds like good news to you, let’s connect today so you can capitalize on the unique opportunity you have in today’s market. Content previously posted on Keeping Current Matters

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Is the Number of Homes for Sale Finally Growing?

Written by Marathon Florida Keys Mortgage on September 16, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available. However, signs of relief are finally appearing. According to data from realtor.com, active listings have increased over the last four months. They define active listings as: “The active listing count tracks the number of for sale properties...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

5 Tips for Making Your Best Offer

Written by Marathon Florida Keys Mortgage on September 15, 2021. Posted in First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. Below are five things to keep in mind when it’s time to make an offer. 1. Know Your Budget Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Actor-Poet Malcolm-Jamal Warner Joins Exit 36 Slam Poetry Festival as Celebrity Judge

Written by Marathon Florida Keys Mortgage on September 14, 2021. Posted in AP, Economic Development, Entertainment, Entertainment News, Featured, Fla., Florida Business, FLORIDA NEWS, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Regional Events.

POMPANO BEACH, Fla. /FLORIDA NEWSWIRE/ — Pompano Beach Arts is proud to announce that television icon Malcolm-Jamal Warner is joining the fourth annual “Exit 36 Slam Poetry Festival” as a celebrity judge. The famed star of “The Cosby Show” and current hit “The Resident” will also be performing his poetry at the festival and sharing thoughts about his career during an Artist Talk. The three-day event attracts the premier spoken word artists in the country and will take place December 9-11, 2021 at the City’s cultural venues. Event details and tickets...

#floridakeysmortgage, #marathonflmortgage, #marathonkeysmortgage, African American Interest, AP, Arts and Artists, City and County Government, Economic Development, Entertainment, Entertainment News, Featured, Fla., Florida Business, FLORIDA NEWS, Government, Performers and Celebrity, poetry, Pompano Beach, Pompano Beach Business, Regional Events

The Spodak Dental Group Transitions to 4-Day Work Week in Delray Beach FL

Written by Marathon Florida Keys Mortgage on September 14, 2021. Posted in AP, Business, Business News, Fla., Florida Business, FLORIDA NEWS, Health and Medical, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

DELRAY BEACH, Fla. /FLORIDA NEWSWIRE/ — The Spodak Dental Group transitioned to a four-day work week in 2021 with a goal to take the very best care of each team member. After the turmoil of a 2020 year filled with the uncertainty, stress and additional regulations due to COVID-19, the family-owned company realized that there was a great opportunity to provide each team member with a flexible schedule that supports a greater work life balance. “We focus on providing our patients with an amazing human experience in our office, so it made sense to dedicate similar focus to our valued...

#floridakeysmortgage, #marathonflmortgage, #marathonkeysmortgage, AP, Business, Business News, Delray Beach, Delray Beach Business, Dentistry, Employment and HR, Fla., Florida Business, FLORIDA NEWS, Health and Medical, South Florida dental services, Spodak Dental Group

The Truth About Today’s Buyer Demand

Written by Marathon Florida Keys Mortgage on September 14, 2021. Posted in Marathon FL Mortgage, Marathon Florida Keys Mortgage.

When it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it can be hard to know what to believe, put your trust in the experts. Those of us in the housing market respect that buying or selling a home is a major life decision, and we offer advice based on what the data shows. Despite what you may have read, the housing market is still undeniably strong. Here’s a look at what leading experts have to say about buyer demand today and how it continues to shape the industry: Michael Lane, President at ShowingTime: “In general,...

#floridakeysmortgage, #marathonflmortgage, #marathonkeysmortgage, For Sellers, Housing Market Updates, Selling Myths

Empire License says Get Ready for New Character for Advertising, TV and Toys: Black Friday

Written by Marathon Florida Keys Mortgage on September 13, 2021. Posted in Advertising and Marketing, AP, Business, Business News, Entertainment, Entertainment News, Featured, Fla., Florida Business, FLORIDA NEWS, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Miami, Miami Business, plush toys, Product Launches, Toys and Games.

MIAMI, Fla. /FLORIDA NEWSWIRE/ — The day after the American Thanksgiving Day holiday has long been considered the biggest shopping day of the year in the United States. Dubbed “Black Friday” for many reasons, shopping on that day (via brick and mortar or e-commerce) has become part of the holiday tradition for most consumers. Empire License, Inc. is now very excited to introduce to the world their very own version of Black Friday: “Black Friday” the character, in the formation of animation and plush dolls. As the preferences and habits of consumers change and evolve,...

#floridakeysmortgage, #marathonflmortgage, #marathonkeysmortgage, Advertising and Marketing, AP, black friday, Business, Business News, Empire License Inc, Entertainment, Entertainment News, Featured, Fla., Florida Business, FLORIDA NEWS, licensed characters, Miami, Miami Business, plush toys, Product Launches, Television, Toys and Games

Why It’s Still Safe To Sell Your Home

Written by Marathon Florida Keys Mortgage on September 13, 2021. Posted in Marathon FL Mortgage, Marathon Florida Keys Mortgage.

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic. Over the last year, agents have adopted new technologies and safety measures designed to keep you safe. And experts say these practices are here to stay. As Bob Goldberg, CEO of the National Association of Realtors (NAR), puts it: “The pandemic has confirmed to all of us in the industry that technology will continue to transform real estate.” Below is a closer look at some of the new tools real...

#floridakeysmortgage, #marathonflmortgage, #marathonkeysmortgage, For Sellers, Housing Market Updates, Selling Myths

Tag: #marathonflmortgage