Mortgage Rates Drop to Lowest Level in over a Year and a Half

Written by Kissimmee Mortgage Syndicated User on September 18, 2024. Posted in For Buyers, For Sellers, Kissimmee FL Mortgage, Kissimmee Mortgage, Mortgage Rates.

Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment.Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t small. As Sam Khater, Chief Economist at Freddie Mac, says:“Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.”But if you want to see it to really believe it, here’s how the math shakes out. Take a closer look at the...

Checklist for Getting Your House Ready To Sell

Written by Kissimmee Mortgage Syndicated User on September 14, 2024. Posted in For Sellers, Infographics, Kissimmee FL Mortgage, Kissimmee Mortgage, Selling Tips.

Some HighlightsGetting your house ready to sell? Here’s a few tips on what you may want to do to prepare.Focus on making it inviting, showing it’s cared for, and boosting your curb appeal.If you want specific advice to help your house stand out in your local market, connect with a real estate professional.?

The Real Story Behind What’s Happening with Home Prices

Written by Kissimmee Mortgage Syndicated User on September 12, 2024. Posted in For Buyers, For Sellers, Home Prices, Kissimmee FL Mortgage, Kissimmee Mortgage.

If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move.As a buyer, you might be worried about paying more than you should. And if you’re thinking of selling, you might be concerned about not getting the price you’re aiming for. So, here’s a quick breakdown to help clear things up and show you what’s really happening with prices—whether you’re thinking about buying or selling. Home Price Growth Is Slowing, but Prices Aren’t Falling NationallyThroughout...

The Surprising Amount of Home Equity You’ve Gained over the Years

Written by Kissimmee Mortgage Syndicated User on September 10, 2024. Posted in For Sellers, Home Prices, Inventory, Kissimmee FL Mortgage, Kissimmee Mortgage.

There are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have a big impact on your equity.How Long You’ve Been in Your HomeFirst up is homeowner tenure. That’s how long homeowners live in a house, on average, before selling or choosing to move. From 1985 to 2009,...

Should You Sell Now? The Lifestyle Factors That Could Tip the Scale

Written by Kissimmee Mortgage Syndicated User on September 4, 2024. Posted in For Sellers, Kissimmee FL Mortgage, Kissimmee Mortgage, Selling Tips.

Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:As the visual shows, the biggest motivators were the desire...

How To Avoid Today’s Top Seller Mistakes

Written by Kissimmee Mortgage Syndicated User on August 31, 2024. Posted in For Sellers, Infographics, Kissimmee FL Mortgage, Kissimmee Mortgage, Selling Tips.

Some HighlightsWant to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate.And the best way to avoid falling into any of these traps is to partner with a real estate agent and lean on them for advice.

Are We Heading into a Balanced Market?

Written by Kissimmee Mortgage Syndicated User on August 30, 2024. Posted in For Buyers, For Sellers, Inventory, Kissimmee FL Mortgage, Kissimmee 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...

2025 Housing Market Forecasts: What To Expect

Written by Kissimmee Mortgage Syndicated User on August 29, 2024. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Kissimmee FL Mortgage, Kissimmee Mortgage, Mortgage Rates.

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 (MBA), the...

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

Written by Kissimmee Mortgage Syndicated User on August 28, 2024. Posted in Economy, For Buyers, For Sellers, Home Prices, Inventory, Kissimmee FL Mortgage, Kissimmee Mortgage, Mortgage Rates.

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,...

The Number One Mistake Sellers Are Making: Overpricing Their House

Written by Kissimmee Mortgage Syndicated User on August 22, 2024. Posted in For Sellers, Home Prices, Kissimmee FL Mortgage, Kissimmee 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 estate...

Category: For Sellers