What Happens to Housing when There’s a Recession?

Written by Miami Beach Condo Financing Syndicated User on October 26, 2022. Posted in Condo Financing Miami Beach, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Miami Beach Condo Financing.

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 CEO Outlook from KPMG says: “Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year horizon . . . More than 8 out of 10 anticipate a recession over the next 12 months, with more than half expecting it to be mild and short.” To add...

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008

Written by Miami Beach Condo Financing Syndicated User on October 26, 2022. Posted in Condo Financing Miami Beach, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Miami Beach Condo Financing, Pricing.

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s concrete data to show why this is nothing like the last time. There’s Still a Shortage of Homes on the Market Today, Not a Surplus For historical context, there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to fall dramatically. Supply...

Pre-Approval Is a Critical First Step on Your Homebuying Journey

Written by Miami Beach Condo Financing Syndicated User on October 26, 2022. Posted in Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Miami Beach Condo Financing, Move-Up Buyers.

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? To better understand why pre-approval is key, it’s important to know what pre-approval is. The Mortgage Reports explains it like this: “When you’re ready to take the leap into homeownership, your first step is mortgage preapproval. . . . A mortgage preapproval is when a lender determines you’re qualified...

Should You Still Buy a Home with the Latest News About Inflation?

Written by Miami Beach Condo Financing Syndicated User on October 20, 2022. Posted in Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Housing Market Updates, Miami Beach Condo Financing, Move-Up Buyers, Rent vs. Buy.

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch it’s creating on your wallet and the looming economic uncertainty may leave you wondering: “should I still buy a home right now?” If that question is top of mind for you, here’s what you need to know. Homeownership Is Historically a Great...

The Latest on Supply and Demand in Housing

Written by Miami Beach Condo Financing Syndicated User on October 19, 2022. Posted in Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Housing Market Updates, Miami Beach Condo Financing, Move-Up Buyers.

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an indicator of buyer demand)...

The Emotional and Non-financial Benefits of Homeownership

Written by Miami Beach Condo Financing Syndicated User on October 18, 2022. Posted in Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Miami Beach Condo Financing, Move-Up Buyers, Rent vs. Buy.

With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their Home Truly Their Own Owning your home gives you a significant sense of accomplishment because it’s a space you can customize to your heart’s desire. That can bring you added happiness. In fact, a report from the National Association of Realtors (NAR) shows making updates or remodeling...

Florida Mortgage | Today’s Homebuyers Have More Negotiation Power

Written by Miami Beach Condo Financing Syndicated User on October 15, 2022. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing.

Florida Mortgage | Today’s Homebuyers Have More Negotiation Power | Recent inventory growth means you have more options and more negotiation power when you buy a home. Let’s connect if you’re ready to take advantage of the opportunities created by today’s housing market. NMLS ID 1834853 #floridahomebuyers #floridamortgage #homebuyers #homebuyertips

Tips For First-Time Homebuyers [INFOGRAPHIC]

Written by Miami Beach Condo Financing Syndicated User on October 15, 2022. Posted in Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Infographics, Miami Beach Condo Financing.

Some Highlights If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory stays low overall. Connect with a lender to get pre-approved, prioritize your wish list, consider condos, and expand your search radius. Your first home is out there. Let’s connect to explore your options and what other first-time buyers are doing to find their homes. Content previously posted on Keeping Current Matters

Florida Mortgage | The Fed Says the Housing Market Needs a Correction

Written by Miami Beach Condo Financing Syndicated User on October 14, 2022. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing.

The Fed Says the Housing Market Needs a Correction | NMLS ID 1834853 #housingmarket #housingcorrection #floridarealestate

Florida Mortgage | Equity is the Shining Star of the Housing Market

Written by Miami Beach Condo Financing Syndicated User on October 14, 2022. Posted in Condo Financing Miami Beach, Miami Beach Condo Financing.

Florida Mortgage | Equity is the Shining Star of the Housing Market | Today’s mortgage holders have more equity than ever before. Let’s connect to discuss how your equity can help you reach your homebuying goals. NMLS ID 1834853 #homeequity #floridarealestate #housingmarket2022

Category: Condo Financing Miami Beach