Why You May Want an Energy-Efficient Home [INFOGRAPHIC]

Written by Vero Beach Mortgage Syndicated User on April 22, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Some HighlightsSince inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home.Energy prices have increased over the last year, so look for energy-efficient features in your home search.If you’re looking to buy a home this year, work with a real estate expert so you have a partner to help you consider which features are most important to you.

Think Twice Before Waiting for Lower Home Prices

Written by Vero Beach Mortgage Syndicated User on April 18, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Move-Up Buyers, Pricing, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

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...

Your Tax Refund Can Help You Achieve Your Homebuying Goals

Written by Vero Beach Mortgage Syndicated User on April 13, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.SmartAsset estimates the average American will receive a $1,798 tax refund this year. The map below provides a more detailed estimate by state:According to Freddie Mac, there are multiple ways your refund check can help you as a homebuyer. If you’re getting a refund this year and thinking about buying a home, here are a few tips to keep:Saving...

Trying To Buy a Home? Hang in There.

Written by Vero Beach Mortgage Syndicated User on April 7, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.Long-Term Benefits Outweigh Short-Term ChallengesOwning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments...

Facts About Closing Costs [INFOGRAPHIC]

Written by Vero Beach Mortgage Syndicated User on April 1, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Why Buying a Home Is a Sound Decision

Written by Vero Beach Mortgage Syndicated User on March 24, 2023. Posted in First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

If you’re thinking about buying a home, you want to know the decision will be a good one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment. This year, we aren’t seeing home prices fall dramatically. As the year goes on, however, some markets may go up in value while others may lose value. That’s why it’s helpful to keep the long-term view in mind. Experts project a return to a steadier rate of price appreciation in the years that follow.Home Price Appreciation in the Years AheadOver 100 economists, investment...

What’s Ahead for Home Prices in 2023

Written by Vero Beach Mortgage Syndicated User on March 21, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.Selma Hepp, Chief Economist at CoreLogic, says:“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent...

What Buyer Activity Tells Us About the Housing Market

Written by Vero Beach Mortgage Syndicated User on March 17, 2023. Posted in For Sellers, Move-Up Buyers, Selling Myths, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph below):The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other...

Balancing Your Wants and Needs as a Homebuyer This Spring

Written by Vero Beach Mortgage Syndicated User on March 16, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: “While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”The current housing shortage has an impact on how you search for a home this spring. With limited options on...

An Expert Gives You Clarity in Today’s Housing Market

Written by Vero Beach Mortgage Syndicated User on March 15, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Selling Myths, Vero Beach Condo Financing, Vero Beach Mortgage, Vero Beach Mortgage Rates.

The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process.A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide clarity like that is critical right now. Jay Thompson, Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry....

Category: Move-Up Buyers