Today’s Biggest Housing Market Myths

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in Buying Tips, Economy, Featured, For Buyers, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important.If you partner with a real estate agent, they can clear up some common misconceptions and reassure you by backing them up with research-driven facts. Here are just a few misconceptions they can help disprove.1. I’ll Get a Better Deal Once Prices CrashIf you’ve heard home prices are...

The Number One Mistake Sellers Are Making: Overpricing Their House

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in Featured, For Sellers, Home Prices, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Tips.

In today’s housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest.Data from Realtor.com shows the number of homeowners realizing this mistake and doing a price reduction is climbing (see graph below):If you’re thinking about making a move yourself, here’s what you need to know. The best way to avoid making a costly mistake is to work with a trusted real estate...

Why a Vacation Home Is the Ultimate Summer Upgrade

Written by Palm Harbor FL Mortgage Syndicated User on July 1, 2024. Posted in Buying Tips, Featured, For Buyers, Luxury / Vacation, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you.An Ameriprise Financial survey sheds light on why people buy a second, or vacation, home (see below): Vacation destination or a place to get away from the stresses of everyday life (81%) – Having a second home to use as a vacation spot can be a special place where you go to relax and take a break from your daily routines...

Do Elections Impact the Housing Market?

Written by Palm Harbor FL Mortgage Syndicated User on July 1, 2024. Posted in Featured, For Buyers, For Sellers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event might impact your plans.Historically, Presidential elections have only had a small, temporary impact on the housing market. Here’s the latest on exactly what’s happened to home sales, prices, and mortgage rates throughout those time periods.Home SalesDuring the...

What’s Next for Home Prices and Mortgage Rates?

Written by Palm Harbor FL Mortgage Syndicated User on June 1, 2024. Posted in Featured, For Buyers, Home Prices, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out.The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates.1. What’s Next for Home Prices? One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a survey...

What You Really Need To Know About Home Prices

Written by Palm Harbor FL Mortgage Syndicated User on May 1, 2024. Posted in Featured, Home Prices, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know.A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points...

4 Tips To Make Your Strongest Offer on a Home

Written by Palm Harbor FL Mortgage Syndicated User on April 1, 2024. Posted in Featured, First Time Home Buyers, For Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Are you thinking about buying a home soon? If so, you should know today’s market is competitive in many areas because the number of homes for sale is still low – and that’s leading to multiple-offer scenarios. And moving into the peak homebuying season this spring, this is only expected to ramp up more.Remember these four tips to make your best offer.1. Partner with a Real Estate AgentRely on a real estate agent who can support your goals. As PODS notes:“Making an offer on a home without an agent is certainly possible, but having a pro by your side gives you a massive advantage in figuring out...

3 Must-Do’s When Selling Your House in 2024

Written by Palm Harbor FL Mortgage Syndicated User on February 1, 2024. Posted in Featured, For Sellers, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Myths.

If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home.A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell.1. Price Your Home Right The housing market shifted in 2023 as mortgage rates rose and home price appreciation started to normalize once again. As a seller, you still need to recognize how important it is to price your house appropriately...

The Perks of Selling Your House When Inventory Is Low

Written by Palm Harbor FL Mortgage Syndicated User on November 1, 2023. Posted in Featured, For Sellers, Housing Market Updates, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Myths.

When it comes to selling your house, you’re probably trying to juggle the current market conditions and your own needs as you plan your move. One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you.The Supply of Homes for Sale Is Far Below the NormWhen you’re selling something, it helps if what you’re selling is in demand, but is also in low supply. Why? That makes it even more desirable since there’s not enough to go around. That’s exactly what’s happening in the housing...

5 Reasons Today’s Housing Market Is Anything but Normal

Written by Palm Harbor FL Mortgage Syndicated User on September 13, 2021. Posted in Featured, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Pricing.

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. Here’s the definition of normal from the Merriam-Webster Dictionary: “conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.” Using this definition, here are five housing industry metrics that...

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