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...

Is Affordability Starting To Improve?

Written by Kissimmee Mortgage Syndicated User on August 14, 2024. Posted in Affordability, Economy, For Buyers, Home Prices, Kissimmee FL Mortgage, Kissimmee Mortgage, Mortgage Rates.

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it’s getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:“Housing affordability is improving ever so modestly, but it is moving in the right direction.”Here’s a look at the latest data on the three biggest factors affecting home affordability: mortgage rates, home prices, and wages. 1. Mortgage RatesMortgage rates have been volatile this year,...

Are Home Prices Going To Come Down?

Written by Kissimmee Mortgage Syndicated User on July 30, 2024. Posted in For Buyers, Home Prices, Kissimmee FL Mortgage, Kissimmee 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 dramatically....

A Newly Built Home May Actually Be More Budget-Friendly

Written by Kissimmee Mortgage Syndicated User on July 25, 2024. Posted in Buying Tips, For Buyers, Home Prices, Kissimmee FL Mortgage, Kissimmee 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 newly...

Unlocking Homebuyer Opportunities in 2024

Written by Kissimmee Mortgage Syndicated User on July 19, 2024. Posted in Buying Tips, For Buyers, Home Prices, Inventory, Kissimmee FL Mortgage, Kissimmee 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...

How Do Presidential Elections Impact the Housing Market?

Written by Kissimmee Mortgage Syndicated User on July 13, 2024. Posted in Economy, Home Prices, Infographics, Kissimmee FL Mortgage, Kissimmee Mortgage, Mortgage Rates.

Some HighlightsAre you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move.?Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically come down slightly.Presidential elections have only a small and temporary impact on the housing market. If you have questions, connect with a real estate agent.

Why Your Asking Price Matters Even More Right Now

Written by Kissimmee Mortgage Syndicated User on July 10, 2024. Posted in For Sellers, Home Prices, Kissimmee FL Mortgage, Kissimmee Mortgage, Selling Tips.

If you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing.While home prices are still appreciating in most areas, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer demand. At the same time, the supply of homes for sale is growing. That means buyers have more options and your house may not stand out as much, if it’s not priced right.Those two factors combined are why the asking price you set for your house is more important today...

Real Estate Still Holds the Title of Best Long-Term Investment

Written by Kissimmee Mortgage Syndicated User on July 3, 2024. Posted in Buying Tips, For Buyers, Home Prices, Kissimmee FL Mortgage, Kissimmee Mortgage, Mortgage Rates.

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:But why does real estate...

Category: Home Prices