Why Home Sales Bounce Back After Presidential Elections

Written by Palm Beach Gardens Mortgage Syndicated User on October 30, 2024. Posted in Economy, For Buyers, For Sellers, Home Prices, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern...

Why Your House Will Shine in Today’s Market

Written by Palm Beach Gardens Mortgage Syndicated User on October 29, 2024. Posted in For Sellers, Inventory, Palm Beach Gardens Condo Financing, Palm Beach Gardens 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 million homes...

Debunking Scary Myths About Buying a Home

Written by Palm Beach Gardens Mortgage Syndicated User on October 26, 2024. Posted in For Buyers, Infographics, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

Some HighlightsThere are a number of scary myths about homebuying in today’s market. Here’s what you need to know.Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment.Don’t let scary myths delay your homebuying plans. Connect with an agent so you have a pro to help you separate the facts from your fears.

Why Today’s Foreclosure Numbers Won’t Trigger a Crash

Written by Palm Beach Gardens Mortgage Syndicated User on October 25, 2024. Posted in Economy, Foreclosures, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market. Many people are concerned that high prices and tighter budgets could cause more homeowners to fall behind on their mortgage payments, leading to a wave of foreclosures.But before you start worrying about a housing market crash, here’s a look at what’s really happening. And the good news is: the latest foreclosure data shows there’s no wave on the horizon.How Today’s Market Is Different from 2008Let’s ease those fears by looking at the bigger picture. The graph below...

How Long Will It Take To Sell Your House?

Written by Palm Beach Gardens Mortgage Syndicated User on October 24, 2024. Posted in Agent Value, For Sellers, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

As you’re getting ready to sell your house, one of the first questions you’re probably asking is, “how long is this going to take?” And that makes sense—you want to know what to expect.While every market is different, understanding what’s happening nationally can give you a good baseline. But for an even more detailed look at real estate conditions in your area, connect with a local real estate agent. They know your local market best and can explain what’s happening near you and how it compares to national trends.Here’s a look at some of the things a great agent will walk you through during...

Planning To Sell Your House in 2025? Start Prepping Now

Written by Palm Beach Gardens Mortgage Syndicated User on October 23, 2024. Posted in Agent Value, For Sellers, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

If your goal is to sell your house in 2025, now’s the time to start prepping. Even though it might seem like there’s plenty of time between now and the new year, you should get a head start on any updates or repairs you want to make now. As Danielle Hale, Chief Economist at Realtor.com, says:“ . . . now is the time to start thinking about what you need for your next home and then taking those steps to prepare to list . . . We have survey data that says 47 percent of sellers are taking longer than a month to get their home ready to sell, so getting them to start that process early can mean more...

What To Expect from Mortgage Rates and Home Prices in 2025

Written by Palm Beach Gardens Mortgage Syndicated User on October 22, 2024. Posted in Affordability, For Buyers, For Sellers, Home Prices, Mortgage Rates, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.Whether you’re thinking of buying or selling, here’s a look at what the experts are saying and how it might impact your move.Mortgage Rates Are Forecast To Come Down One of the biggest factors likely affecting your plans is mortgage rates, and the forecast looks positive. After rising dramatically in recent years, experts project rates will ease slightly...

Florida Mortgage | How Do Presidential Elections Impact the Housing Market?

Written by Palm Beach Gardens Mortgage Syndicated User on October 19, 2024. Posted in Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

How Do Presidential Elections Impact the Housing Market? | How do presidential elections impact the housing market? Data shows Presidential elections only have a small and temporary impact on the housing market. If you have questions about what this means for your move, let’s connect. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Why Buying Now Is Worth It

Written by Palm Beach Gardens Mortgage Syndicated User on October 19, 2024. Posted in Buying Tips, Equity, For Buyers, Forecasts, Infographics, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

Some HighlightsYou may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise.Experts forecast prices will climb over the next 5 years – and based on those forecasts, you could gain about $90k in equity in that time.So, you could wait, but you’ll miss out on a lot of equity if you do. If you’re ready and able to buy, let’s connect so you can start growing your wealth now.

Why Did More People Decide To Sell Their Homes Recently?

Written by Palm Beach Gardens Mortgage Syndicated User on October 18, 2024. Posted in Buying Tips, For Buyers, Mortgage Rates, Palm Beach Gardens Condo Financing, Palm Beach Gardens Mortgage.

Homeowners typically slow down their moving plans as the summer months wrap up, and as a result, fewer homes are listed for sale in the fall. It’s a predictable, seasonal trend in real estate. But this year, mortgage rates came down at the same time the number of homes on the market usually starts to decline. So, what happened? More homeowners decided to sell, so more homes came to the market.The most recent data from Realtor.com reveals that in September, the number of homes put up for sale increased by 11.6% compared to this time last year.As the green circle in the graph below shows, the...

Category: Palm Beach Gardens Mortgage