Homebuyers: Be Ready To Act This Winter

Written by Miami Beach Condo Financing Syndicated User on December 21, 2021. Posted in Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Miami Beach Condo Financing, Move-Up Buyers.

To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing supply.” Here’s a look at each one. Mortgage Rates Projected To Rise in 2022 As a buyer, your interest rate directly impacts how much you’ll pay on your monthly mortgage when you purchase a home. Rates are beginning to rise, and experts...

2022 Housing Market Forecast [INFOGRAPHIC]

Written by Miami Beach Condo Financing Syndicated User on December 18, 2021. Posted in Condo Financing Miami Beach, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Miami Beach Condo Financing, Move-Up Buyers, Pricing.

Some Highlights What does the coming year hold for the housing market? Here’s what experts project for 2022. Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales. Let’s connect so you can make your best move in the new year. Content previously posted on Keeping Current Matters

What Everyone Wants To Know: Will Home Prices Decline in 2022?

Written by Miami Beach Condo Financing Syndicated User on December 16, 2021. Posted in Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Housing Market Updates, Miami Beach Condo Financing, Move-Up Buyers, Pricing.

If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to the experts, home prices are not projected to decline. Here’s why. With buyers still outweighing sellers, home prices are forecast to continue climbing in 2022, just at a slower or more moderate pace. Why the continued increase? It’s the simple law of supply and demand. When there are fewer items on the market than there are...

Advice for First-Generation Homebuyers

Written by Miami Beach Condo Financing Syndicated User on December 15, 2021. Posted in Condo Financing Miami Beach, Demographics, First Time Home Buyers, For Buyers, Gen Z, Miami Beach Condo Financing, Millennials.

The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says: “Achieving this goal can create a sense of pride and accomplishment that resonates both for the buyer and those closest to them, including their parents and future generations.” In other words, your dream of homeownership has far-reaching impacts. If...

Two Reasons Why Waiting To Buy a Home Will Cost You

Written by Miami Beach Condo Financing Syndicated User on December 10, 2021. Posted in Buying Myths, Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Interest Rates, Miami Beach Condo Financing, Move-Up Buyers, Pricing.

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now or wait another year, you can ask yourself two simple questions: Where will home prices be a year from now? Where will mortgage rates be a year from now? Let’s shed some light on the answers to both of these questions. Where Will Home Prices Be a Year from Now? Three major housing industry entities are projecting...

Why It Just Became Much Easier To Buy a Home

Written by Miami Beach Condo Financing Syndicated User on December 8, 2021. Posted in Buying Myths, Condo Financing Miami Beach, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Miami Beach Condo Financing, Move-Up Buyers.

Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the feelings of security and stability and the financial benefits that come with rising home equity. At the same time, many current homeowners have decided their house no longer meets their needs, so they moved into homes with more space inside and out, including a home office for remote work. However, not every purchaser has been able to fulfill their desire for a new home. Here are two obstacles some homebuyers are facing: The...

How To Think Strategically as a Buyer in Today’s Market

Written by Miami Beach Condo Financing Syndicated User on December 3, 2021. Posted in Buying Myths, Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Miami Beach Condo Financing, Move-Up Buyers.

The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search. Pre-Approval: the Best Opening Play To Make as a Homebuyer It’s important to have a great opening play when you’re buying a home. And the best move you can make when you begin your home search is getting...

Tips for Single Homebuyers: How To Make Your Dream a Reality

Written by Miami Beach Condo Financing Syndicated User on December 3, 2021. Posted in Buying Myths, Condo Financing Miami Beach, Down Payments, First Time Home Buyers, For Buyers, Miami Beach Condo Financing.

If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 million) are sole-person, and that number is growing. Over the past 40 years, the number of sole-person households has nearly doubled, and that’s a trend that’s expected to continue. According to Freddie Mac: “Our calculation suggests that there will be an additional 5 million sole-person households in the United States by the next decade. This means 42% of the household growth...

Home Is Where the Heart Is More than Ever This Year

Written by Miami Beach Condo Financing Syndicated User on December 1, 2021. Posted in Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Miami Beach Condo Financing, Move-Up Buyers.

There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home. This year, those emotions are stronger than ever. We’ve lived through a time that has truly changed our needs and who we are, and as a result, homeownership has a whole new meaning for many of us. According to the 2021 State of the American Homeowner report by Unison: “Last year, staying home became a necessity and that caused many homeowners to have renewed gratitude for the roof over their head.” As a nation, we continue...

How Smart Buyers Are Approaching Rising Mortgage Rates

Written by Miami Beach Condo Financing Syndicated User on November 25, 2021. Posted in Buying Myths, Condo Financing Miami Beach, First Time Home Buyers, For Buyers, Interest Rates, Miami Beach Condo Financing, Move-Up Buyers.

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. Taking Time Off Can Be Costly Mortgage rates play a significant role in your home search. As rates go up, your monthly...

Category: First Time Home Buyers