Why Mortgage Rates Could Continue To Decline

Written by Marathon Florida Keys Mortgage on December 20, 2023. Posted in Housing Market Updates, Interest Rates, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know. The Federal Funds Rate Hikes Have Stalled One of the Fed’s primary goals is to lower inflation. In order to do that, they started raising the Federal Funds Rate to slow down the economy. Even though this doesn’t directly dictate what happens with mortgage rates, it does have an impact. Recently inflation has started to cool, a signal...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Expert Quotes on the 2024 Housing Market Forecast

Written by Marathon Florida Keys Mortgage on December 19, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking to make a move. But what’s on the horizon for the new year? The good news is, many experts are optimistic we’ve turned a corner and are headed in a positive direction. Mortgage Rates Expected To Ease Recently, mortgage rates have started to come back down. This has offered hope to buyers dealing with affordability...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Why Now Is Still a Great Time To Sell Your House

Written by Marathon Florida Keys Mortgage on December 18, 2023. Posted in For Sellers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there. The housing market isn’t as frenzied as it was during the ‘unicorn’ years when buyer demand was through the roof, mortgage rates were historically low, and home values rose like we’ve never seen before. But that doesn’t mean the market is at a standstill. Nationally, demand is still high compared to the last normal years in the housing market and plenty of buyers are making moves right now. Here’s the data to prove it. Showing Traffic Is Up The...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

What You Need To Know About Down Payments [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on December 15, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Some Highlights If you want to buy a home, you may not need as much for your down payment as you think. There are various loan options for qualified buyers with down payments as low as 3.5% or even no down payment requirement. There are also thousands of programs available to help homebuyers with their down payments. With the right resources, your down payment may be more within reach than you realize. Talk to a local real estate expert to learn more about your options.

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

If Your House Hasn’t Sold Yet, It May Be Overpriced

Written by Marathon Florida Keys Mortgage on December 14, 2023. Posted in For Sellers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

Has your house been sitting on the market a while without selling? If so, you should know that’s pretty unusual, especially right now. That’s because the supply of homes available for sale is still far lower than what we’d see in a normal year. That means buyers have fewer options than they usually would, so your house should be an oasis in an inventory desert. So, if homebuyers have limited choices and your house still hasn’t sold, there’s a reason why. Let’s break one potential sticking point that may be turning buyers away: your asking price. Especially with today’s higher mortgage rates...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

The Surprising Trend in the Number of Homes Coming onto the Market

Written by Marathon Florida Keys Mortgage on December 13, 2023. Posted in For Buyers, For Sellers, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

If you’re thinking about moving, it’s important to know what’s happening in the housing market. Here’s an update on the supply of homes currently for sale. Whether you’re buying or selling, the number of homes in your area is something you should pay attention to. In the housing market, there are regular patterns that happen every year, called seasonality. Spring is the peak homebuying season and also when the most homes are typically listed for sale (homes coming onto the market are known in the industry as new listings). In the second half of each year, the number...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Down Payment Assistance Programs Can Help Pave the Way to Homeownership

Written by Marathon Florida Keys Mortgage on December 12, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle. According to the National Association of Realtors (NAR), 38% of first-time homebuyers find saving for a down payment the most challenging step. But the reality is, you probably don’t need to put down as much as you think: Data from NAR shows the median down payment hasn’t been over 20% since 2005. In fact, the median down payment for all homebuyers today is only 15%. And it’s even lower for first-time homebuyers at 8%. But just because that’s the median, it doesn’t mean you have to put that much down. Some...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

The Perfect Home Could Be the One You Perfect After Buying

Written by Marathon Florida Keys Mortgage on December 11, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

There’s no denying mortgage rates and home prices are higher now than they were last year and that’s impacting what you can afford. At the same time, there are still fewer homes available for sale than the norm. These are two of the biggest hurdles buyers are facing today. But there are ways to overcome these things and still make your dream of homeownership a reality. As you set out to make a purchase this season, you’ll want to be strategic. This includes taking a close look at your wish list and considering what features you really need in your next home versus which ones are nice-to-have....

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Your Homebuying Adventure [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on December 8, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

Some Highlights Here are the key milestones you’ll encounter on your path to homeownership. From building your team, to house hunting, all the way to moving into your new home – it’s an exciting adventure. Your journey starts here. Connect with a local real estate agent so you have expert guidance each step of the way.

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Why You Need To Use a Real Estate Agent When You Buy a Home

Written by Marathon Florida Keys Mortgage on December 7, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

If you’ve recently decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first. It can feel a bit overwhelming to know where to start, but the good news is you don’t have to navigate all of that alone. When it comes to buying a home, there are a lot of moving pieces. And that’s especially true in today’s housing market. The number of homes for sale is still low, and home prices and mortgage rates are still high. That combination can be tricky if you don’t have reliable expertise and a trusted advisor on your side. That’s why the best place to start is...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

How To Turn Homeownership into a Side Hustle

Written by Marathon Florida Keys Mortgage on December 6, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers, Rent vs. Buy.

Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach? According to Bankrate, many people are seeking additional income through side hustles, possibly to cope with those increasing expenses and save for a home. This trend is particularly popular with younger individuals who may be dealing with student loan debt (see graph below): Here are two strategies that can not only make homeownership more affordable in the short term, but turn it into a lucrative side hustle that can pay off down the road. Transforming the Challenge...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

When You Sell Your House, Where Do You Plan To Go?

Written by Marathon Florida Keys Mortgage on December 5, 2023. Posted in For Sellers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options. But you may also be wondering, once you sell, how does the current supply impact your own move? And, will you be able to find a home you want to buy with inventory this low? One thing that can help you find your next home is exploring all your options, including both homes that have been lived in before as well as newly built ones. Let’s look at the benefits of each one. The Pros of Newly Built Homes First,...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Experts Project Home Prices Will Rise over the Next 5 Years

Written by Marathon Florida Keys Mortgage on December 4, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. In fact, a recent survey from Fannie Mae shows that 23% of consumers think prices will fall over the next 12 months. That’s nearly one in four people who are dealing with that fear – maybe you’re one of them. To help ease that concern, here’s what the experts say will happen with home prices not just next year, but over the next five years. Experts Project Ongoing Appreciation While seeing a small handful...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

3 Reasons To Sell Your House Before the New Year [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on December 1, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

Some Highlights Here are a few reasons you may not want to hold off until the new year to sell your house. Buyers looking right now are highly motivated, the supply of homes for sale is still low, and you may find buyers are more flexible with showings this time of year. Reach out to a real estate agent to determine if selling your house now is the right move for you.

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Is Owning a Home Still the American Dream for Younger Buyers?

Written by Marathon Florida Keys Mortgage on December 1, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations? A recent survey by 1000watt dives into how...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Why the Economy Won’t Tank the Housing Market

Written by Marathon Florida Keys Mortgage on November 29, 2023. Posted in Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

If you’re worried about a coming recession, you’re not alone. Over the past couple of years, there’s been a lot of recession talk. And many people worry, if we do have one, it would cause the unemployment rate to skyrocket. Some even fear that a spike in unemployment would lead to a rash of foreclosures similar to what happened 15 years ago. However, the latest Economic Forecasting Survey from the Wall Street Journal (WSJ) reveals that, for the first time in over a year, less than half (48%) of economists believe a recession will actually occur within the next year: “Economists are turning...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Are The Top 3 Housing Market Questions on Your Mind?

Written by Marathon Florida Keys Mortgage on November 28, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers, Selling Myths.

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in. Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them. 1. What’s Next for Mortgage Rates? Mortgage...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Is Wall Street Buying Up All the Homes in America?

Written by Marathon Florida Keys Mortgage on November 27, 2023. Posted in Buying Myths, For Buyers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Move-Up Buyers.

If you’re thinking about buying a home, you may find yourself interested in the latest real estate headlines so you can have a pulse on all of the things that could impact your decision. If that’s the case, you’ve probably heard mention of investors, and wondered how they’re impacting the housing market right now. That could leave you asking yourself questions like: How many homes do investors own? Are institutional investors, like large Wall Street Firms, really buying up so many homes that the average person can’t find one? To answer those questions, here’s the real story of what’s happening...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Why Homeowners Feel Thankful for Their Homes [INFOGRAPHIC]

Written by Marathon Florida Keys Mortgage on November 24, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Marathon FL Mortgage, Marathon Florida Keys Mortgage.

Some Highlights Here are three reasons why homeowners feel thankful for their homes. First, it’s a safe place that can give you a greater sense of comfort, safety, and security. Second, it gives you freedom of expression. From the color of the paint to the art on the walls, you can express your style and your personality. Third, it provides a sense of community. Owning your home helps you build lasting friendships with neighbors and connects you to your community. If you’re thinking of buying a home and want to hear more about the potential benefits, talk with a local real estate a...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Why Homeowners Are Thankful They Own

Written by Marathon Florida Keys Mortgage on November 23, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Rent vs. Buy.

Countless people have set out on the exciting journey of homeownership. Ask around and you’ll find the vast majority are thankful they took the leap and bought a home. But why? It’s because of the many emotional and lifestyle benefits that come with being a homeowner. So, if you’re trying to decide if you want to rent or buy a home, here are just a few of the many benefits you could look forward to if you buy. It’s a Safe Haven Owning a home goes beyond just having a roof over your head. It provides a sense of security and safety. In fact, in a survey from Fannie Mae, respondents say “having...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Home Prices Still Growing – Just at a More Normal Pace

Written by Marathon Florida Keys Mortgage on November 22, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Pricing.

If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise. Some people are still saying prices are falling, even though data proves otherwise. Part of that misconception is because people are getting their information from unreliable sources. But it’s also coming from some media coverage misrepresenting what the data really shows. So, to keep things simple, here’s what you really need to know using real data you can trust. Normal Home Price Seasonality Explained In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality....

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Are There Actually More Homes for Sale Right Now?

Written by Marathon Florida Keys Mortgage on November 21, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Marathon FL Mortgage, Marathon Florida Keys Mortgage, Selling Myths.

If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters to you. Take a look below. What’s the Truth About Today’s Housing Inventory? While the story for the past few years has been how few homes are on the market, recent national data may leave you feeling a bit confused. That’s because Realtor.com shows inventory is actually growing a bit month-over-month in...

#marathonflmortgage, #marathonflmortgagerates, #mortgagemarathonfl

Tag: #marathonflmortgagerates