What’s Ahead for Mortgage Rates and Home Prices?

Written by Cape Coral Mortgage Syndicated User on November 10, 2022. Posted in Cape Coral Mortgage, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Cape Coral, Move-Up Buyers, Pricing.

Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible. Mortgage Rates Will Continue To Respond to Inflation There’s no doubt mortgage rates have skyrocketed this year as the market responded to high inflation. The increases we’ve seen were fast and dramatic, and the average 30-year fixed mortgage rate even surpassed 7% at the end of last month....

Key Factors Affecting Home Affordability Today

Written by Cape Coral Mortgage Syndicated User on November 8, 2022. Posted in Cape Coral Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Cape Coral, Move-Up Buyers, Pricing.

Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each one. 1. Mortgage Rates This is the factor most people are focused on when they talk about homebuying conditions today. So far,...

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008

Written by Cape Coral Mortgage Syndicated User on October 27, 2022. Posted in Cape Coral Mortgage, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Cape Coral, Pricing.

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s concrete data to show why this is nothing like the last time. There’s Still a Shortage of Homes on the Market Today, Not a Surplus For historical context, there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to fall dramatically. Supply...

What’s Ahead for Home Prices?

Written by Cape Coral Mortgage Syndicated User on October 21, 2022. Posted in Cape Coral Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Cape Coral, Pricing.

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward? While opinions differ, the most likely outcome is we’ll fall somewhere in the middle of slight appreciation and slight depreciation. Here’s a look at the latest expert projections so you have the best information possible today. What...

Perspective Matters When Selling Your House Today

Written by Cape Coral Mortgage Syndicated User on October 14, 2022. Posted in Cape Coral Mortgage, For Sellers, Housing Market Updates, Mortgage Cape Coral, Move-Up Buyers, Pricing, Selling Myths.

Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre-Pandemic While the supply of homes available for sale has increased this year compared to last, we’re still nowhere near what’s considered a balanced market. A recent article from Calculated Risk helps put this year’s increased inventory into context (see graph below): It...

What Are Experts Saying About the Fall Housing Market?

Written by Cape Coral Mortgage Syndicated User on October 12, 2022. Posted in Cape Coral Mortgage, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Cape Coral, Pricing.

The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean on the professionals for insights. Here are a few things experts are saying about the fall housing market. Expert Quotes for Fall Homebuyers A recent article from realtor.com: “This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for...

Category: Pricing