5 Reasons Millennials Are Buying Homes

Written by Palm Harbor FL Mortgage Syndicated User on May 1, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Millennials, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to become a homeowner. Here’s why other millennials have made that decision (see graph below):This graph shows why millennials are buying homes according to Zonda’s 6th annual millennial survey. The top reasons include building equity, a change in life stage, wanting stability, rising home...

Falling out of Love with Your House? It May Be Time To Move.

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

Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current house for ten years. If you’ve been in your home for a while, think about how much in your life has changed since you moved in. Even if you thought it would be your forever home when you bought it,...

Think Twice Before Waiting for Lower Home Prices

Written by Palm Harbor FL Mortgage Syndicated User on May 1, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Pricing.

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data...

We’re in a Sellers’ Market. What Does That Mean?

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

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house?It starts with the number of homes available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market...

Facts About Closing Costs [INFOGRAPHIC]

Written by Palm Harbor FL Mortgage Syndicated User on April 1, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

How Homeownership Is Life Changing for Many Women

Written by Palm Harbor FL Mortgage Syndicated User on April 1, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households.Why Is Homeownership So Important to Women?The rise in women pursuing homeownership hasn’t just made an impact on the housing market. It’s also been an asset for those buyers and their households. That’s because homeownership has many benefits, both financial and personal.On the financial side, housing proves to be the key to building...

4 Key Tips for Selling Your House This Spring

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

Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:1. Make Sure You Give Buyers AccessOne of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’...

Have You Thought About Why You Might Want To Sell Your House? [INFOGRAPHIC]

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

Get Ready: The Best Time To List Your House Is Almost Here

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

If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers,...

Reasons To Consider Condos in Your Home Search

Written by Palm Harbor FL Mortgage Syndicated User on April 1, 2023. Posted in First Time Home Buyers, For Buyers, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Rent vs. Buy.

Are you having trouble finding a home that fits your needs and your budget? If so, you should know there’s an option worth considering – condominiums, also known as condos. According to Bankrate:“A condo can be a more affordable entry point to homeownership than a single-family home. And as a homeowner, you’ll build equity over time and have access to tax benefits that a renter wouldn’t.”That’s why expanding your search to include additional housing types, like condominiums, could help you accomplish your homeownership goals this spring, especially if you can be flexible about the space you...

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