2024 Housing Market Forecast [INFOGRAPHIC]

Written by Palm Harbor FL Mortgage Syndicated User on December 1, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Pricing.

Some HighlightsThinking of buying or selling a house and wondering what the new year holds for the housing market? Experts forecast home prices to end this year up 2.8% and to rise another 1.5% in 2024. And climbing prices help make homeownership a good investment.Plus, home sales are projected to increase in 2024. That’s good news because it means experts are forecasting more activity as people continue to move.If you’re planning to buy or sell, it’s helpful to know what experts project for the housing market. Connect with a local real estate agent to talk about the latest forecasts and...

What Are Accessory Dwelling Units and How Can They Benefit You?

Written by Palm Harbor FL Mortgage Syndicated User on November 1, 2023. Posted in Demographics, For Sellers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Maybe you’re in the market for a home and are having a hard time finding the right one that fits your budget. Or perhaps you’re already a homeowner in need of extra income or a place for loved ones. Whether as a potential homebuyer or a homeowner with changing needs, accessory dwelling units, or ADUs for short, may be able to help you reach your goals.What Is an ADU?As AARP says:“An ADU is a small residence that shares a single-family lot with a larger, primary dwelling.”“An ADU is an independent, self-contained living space with a kitchen or kitchenette, bathroom and sleeping area.” “An ADU...

A Real Estate Agent Helps Take the Fear Out of the Market

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

Do negative headlines and talk on social media have you feeling worried about the housing market? Maybe you’ve even seen or heard something lately that scares you and makes you wonder if you should still buy or sell a home right now. Regrettably, when news in the media isn’t easy to understand, it can make people feel scared and unsure. Similarly, negative talk on social media spreads fast and creates fear. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says:“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear,...

Why Home Prices Keep Going Up

Written by Palm Harbor FL Mortgage Syndicated User on November 1, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Pricing, Selling Myths.

If you’ve ever dreamed of buying your own place, or selling your current house to upgrade, you’re no stranger to the rollercoaster of emotions changing home prices can stir up. It’s a tale of financial goals, doubts, and a dash of anxiety that many have been through.But if you put off moving because you’re worried home prices might drop, make no mistake, they’re not going down. In fact, it’s just the opposite. National data from several sources says they’ve been going up consistently this year (see graph below): Here’s what this graph shows. In the first half of 2022,...

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...

The Risks of Selling Your House on Your Own

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

Are you thinking about selling your house as a For Sale by Owner (FSBO)? If so, know there’s a whole lot more time and expertise needed in that process than you might think. While the idea of doing it all by yourself might seem tempting, it’s important to recognize the challenges you may face if you take it on all by yourself. As a recent article from Bankrate explains:“Choosing the right price, crafting a compelling listing, marketing to potential buyers, coordinating showings, preparing paperwork: All of these are tasks that, in the absence of a real estate agent, you will have...

What Are the Real Reasons You Want To Move Right Now?

Written by Palm Harbor FL Mortgage Syndicated User on November 1, 2023. Posted in Demographics, For Sellers, Interest Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Myths.

If you’re considering selling your house right now, it’s likely because something in your life has changed. And while things like mortgage rates play a big role in your decision, you don’t want that to overshadow why you thought about making a move in the first place.It’s true mortgage rates are higher right now, and that has an impact on affordability. As a result, some homeowners are deciding they’ll wait to sell because they don’t want to move and have a higher mortgage rate on their next home.But your lifestyle and your changing needs matter, too. As a recent article from Realtor.com...

Why Your House Didn’t Sell

Written by Palm Harbor FL Mortgage Syndicated User on October 1, 2023. Posted in For Sellers, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Myths.

If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated. Not to mention, you’re also probably wondering what went wrong. Here are three questions to think about as you figure out what to do next.Did You Limit Access to Your House?One of the biggest mistakes you can make when selling your house is restricting the days and times when potential buyers can tour it. Being flexible with your schedule is important when you’re selling your house, even though it might feel a bit stressful to drop everything and leave when buyers want to see it. After...

Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon

Written by Palm Harbor FL Mortgage Syndicated User on October 1, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008.One important reason is there aren’t enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn’t show that happening.Housing supply comes from three main sources:Homeowners deciding to sell their housesNewly built...

The Return of Normal Seasonality for Home Price Appreciation

Written by Palm Harbor FL Mortgage Syndicated User on October 1, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Pricing, Selling Myths.

If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend.In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months...

Category: For Sellers