Are We Heading into a Balanced Market?

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

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.What Is a Balanced Market?A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced...

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 answering,...

How Growing Inventory Benefits Today’s Buyers

Written by Palm Harbor FL Mortgage Syndicated User on September 1, 2024. Posted in For Buyers, Infographics, Inventory, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Some HighlightsWhile the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.?Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth.If you want to talk more about what rising inventory means for you, connect with a local real estate agent.

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 you...

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 reason...

How Long Will It Take To Sell My House?

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

You want your house to sell fast. And you may be wondering how long the whole process is going to take. One way to get your answer? Work with a local real estate agent.They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. That way you have realistic expectations and can work together to come up with a plan that’s based on today’s market.Here’s a high-level overview of just one of the factors a great agent will walk you through – the supply of homes for sale and how that impacts your process.The Growing Supply of Homes...

How Many Homes Are Investors Actually Buying?

Written by Palm Harbor FL Mortgage Syndicated User on June 1, 2024. Posted in Economy, Inventory, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Are big investors really buying up all the homes today?If you’re trying to find a house to buy, this may be something you’re wondering about. Maybe you’ve read about it or seen reels on social media saying investors buying all the homes is making it even harder to find what the average buyer is looking for. But spoiler alert – there’s a lot of misinformation out there. To clear things up, here’s the scoop on what’s really happening. A lot of the big investor activity is actually in the rearview mirror already.The Wall Street Journal (WSJ) explains:“Investors of all sizes spent billions...

What More Listings Mean When You Sell Your House

Written by Palm Harbor FL Mortgage Syndicated User on May 1, 2024. Posted in For Sellers, Inventory, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Tips.

The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right.But the supply of homes for sale is growing. According to the latest data from Realtor.com, new listings (homeowners who just put their house up for sale) are trending up (see graph below): This graph shows more homeowners are putting that sale sign up in their yards compared to the...

Category: Inventory