2025 Housing Market Forecasts: What To Expect

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

Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.Mortgage Rates Are Projected To Come Down SlightlyMortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association...

What’s the Impact of Presidential Elections on the Housing Market?

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in Economy, For Buyers, For Sellers, Home Prices, Inventory, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still a good time to make your move.Here’s the good news that may surprise you: typically, Presidential elections have only had a small, temporary impact on the housing market. But your questions are definitely worth...

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...

Are Home Prices Going To Come Down?

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

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don’t have the same established definitions in the housing market.”In the context of today’s housing market, it doesn’t mean home prices are going to fall...

A Newly Built Home May Actually Be More Budget-Friendly

Written by Palm Harbor FL Mortgage Syndicated User on August 1, 2024. Posted in Buying Tips, For Buyers, Home Prices, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today. Hard to believe, right? But the data doesn’t lie.Here are two key reasons working with your agent to look into new home construction could help you find a more budget-friendly option.Reason 1: Lower Median Prices for Newly Built HomesThe median sales price for...

Unlocking Homebuyer Opportunities in 2024

Written by Palm Harbor FL Mortgage Syndicated User on August 1, 2024. Posted in Buying Tips, For Buyers, Home Prices, Inventory, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

There’s no arguing this past year has been difficult for homebuyers. And if you’re someone who has started the process of searching for a home, maybe you put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. A Bright MLS study found some of the top reasons buyers paused their search in late 2023 and early 2024 were:They couldn’t find anything in their price rangeThey didn’t have any successful offers or had difficulty competingThey couldn’t find the right homeIf any of these sound like why you stopped looking, here’s what...

Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

Written by Palm Harbor FL Mortgage Syndicated User on July 1, 2024. Posted in Forecasts, Home Prices, Infographics, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Some HighlightsWondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady.If you have questions about what to expect for the rest of the year, connect with a local agent to have a conversation about what it means for you and your plans.

Focus on Time in the Market, Not Timing the Market

Written by Palm Harbor FL Mortgage Syndicated User on July 1, 2024. Posted in Economy, For Buyers, Home Prices, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market. The Downside of Trying To Time the Market Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while...

Housing Market Forecast: What’s Ahead for the 2nd Half of 2024

Written by Palm Harbor FL Mortgage Syndicated User on July 1, 2024. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Inventory, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.Home Prices Are Expected To Climb ModeratelyHome prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:The reason for continued appreciation? The supply of homes for sale. Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), explains:“One thing that seems to be pretty solid is that home prices are going to continue to go up, and the...

Your Agent Is the Key To Pricing Your House Right [INFOGRAPHIC]

Written by Palm Harbor FL Mortgage Syndicated User on June 1, 2024. Posted in Agent Value, Home Prices, Infographics, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Some HighlightsThe asking price for your house can impact your bottom line and how quickly it sells.Both under- and overpricing have drawbacks. So to find the right price for your house, lean on your agent for their expertise.Don’t pick just any price for your listing. Trust your real estate professional to help you find the perfect price for your house.

Category: Home Prices