Is It Easier To Find a Home To Buy Now?

Written by Palm Harbor FL Mortgage Syndicated User on April 1, 2024. Posted in Buying Myths, For Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But that’s starting to change.The graph below uses the latest data from Realtor.com to show there are more homes on the market in 2024 than there have been in any of the past several years (2021-2023):Does That Mean Finding a Home Is Easier?The answer is yes, and no. As an article from Realtor.com says:“There were nearly 15% more homes for sale in February than a year earlier . . . That alone could jolt the housing market a bit if more “For Sale” signs continue to appear. However,...

Single Women Are Embracing Homeownership

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

In today’s housing market, more and more single women are becoming homeowners. According to data from the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men.If you’re a single woman trying to buy your first home, this should be encouraging. It means other people are making their dreams a reality – so you can too.Why Homeownership Matters to So Many Women For many single women, buying a home isn’t just about having a place to live—it’s also a smart way to invest for the future. Homes usually increase in value over...

What Every Homebuyer Should Know About Closing Costs

Written by Palm Harbor FL Mortgage Syndicated User on April 1, 2024. Posted in Buying Myths, For Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Before making the decision to buy a home, it’s important to plan for all the costs you’ll be responsible for. While you’re busy saving for the down payment, don’t forget you’ll want to prep for closing costs too.Here’s some helpful information on what those costs are and how much you should budget for them.What Are Closing Costs?A recent article from Bankrate explains:“Closing costs are the fees and expenses you must pay before becoming the legal owner of a house, condo or townhome . . . Closing costs vary depending on the purchase price of the home and how it’s being financed...

3 Helpful Tips for First-Time Homebuyers [INFOGRAPHIC]

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

Some HighlightsTrying to buy your first home? If you’re worried about affordability today or the limited number of homes for sale, these tips can help.Look into homebuyer programs, expand your search area, and consider a multi-generational home.Connect with a local real estate agent so you have an expert on your side to help you make your dream a reality.

What Are Experts Saying About the Spring Housing Market?

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

If you’re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market. If so, here’s what the professionals are saying about what’s in store for this season.Odeta Kushi, Deputy Chief Economist, First American:“. . . it seems our general expectation for the spring is that we will see a pickup in inventory. In fact, that already seems to be happening. But it won’t necessarily be enough to satiate demand.”Lisa Sturtevant, Chief Economist, Bright MLS:“There is still strong demand,...

Does It Make Sense To Buy a Home Right Now?

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

Thinking about buying a home? If so, you’re probably wondering: should I buy now or wait? Nobody can make that decision for you, but here’s some information that can help you decide.What’s Next for Home Prices?Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with home prices.In the latest survey, those experts say home prices are going to keep going up for the next five years (see graph below): Here’s...

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...

The First Step: Getting Pre-Approved for a Mortgage [INFOGRAPHIC]

Written by Palm Harbor FL Mortgage Syndicated User on March 1, 2024. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Some HighlightsIf you’re looking to buy a home in 2024, getting pre-approved is a key piece of the puzzle. Mortgage pre-approval means a lender checks your finances and decides how much you’re qualified to borrow.As more buyers re-enter the market, it’ll help you make a strong offer that stands out from the crowd.Talk to a trusted professional to learn more and begin your homebuying process today.

Why You Want an Agent’s Advice for Your Move

Written by Palm Harbor FL Mortgage Syndicated User on March 1, 2024. Posted in Buying Myths, For Buyers, For Sellers, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Myths.

No matter how you slice it, buying or selling a home is a big decision. And when you’re going through any change in your life and you need some guidance, what do you do? You get advice from people who know what they’re talking about. Moving is no exception. You need insights from the pros to help you feel confident in your decision. Freddie Mac explains it like this:“As you set out to find the right home for your family, be sure to select experienced, trusted professionals who will help you make informed decisions and avoid pitfalls.”And while perfect advice isn’t possible – not even from the...

The Truth About Down Payments

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

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case.Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize.As The Mortgage Reports says:“Although putting down 20% to avoid mortgage insurance is wise if affordable, it’s a myth that this is always necessary. In fact, most...

Category: For Buyers