Today’s Home Price Appreciation Is Great News for Existing Homeowners

Written by Hutchinson Island Mortgage Syndicated User on May 3, 2022. Posted in For Sellers, Housing Market Updates, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates, Move-Up Buyers, Pricing.

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they’re looking for when options are scarce. And that’s exactly what’s happening in the current real estate market. Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic,...

Give Your Curb Appeal a Boost Before You Sell [INFOGRAPHIC]

Written by Hutchinson Island Mortgage Syndicated User on April 30, 2022. Posted in For Sellers, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates, Infographics, Selling Myths.

Some Highlights If you’re thinking about selling your house this season, focusing on a few quick and easy updates outside can help your home look its best. 78% of real estate agents polled say poor landscaping affects property values. As a seller, that means your yard could impact your bottom line. When getting your house ready to sell, let’s connect to discuss what you should do to make sure your house shows well and catches the eyes of more potential buyers. Content previously posted on Keeping Current Matters

What You Need To Know About Selling in a Sellers’ Market

Written by Hutchinson Island Mortgage Syndicated User on April 29, 2022. Posted in For Sellers, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates, Pricing.

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean? What Is a Sellers’ Market? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace. Historically, a 6-month supply...

The Dream of Homeownership Is Worth the Effort

Written by Hutchinson Island Mortgage Syndicated User on April 28, 2022. Posted in First Time Home Buyers, For Buyers, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates.

If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that: “Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again.” That means the results – owning a home and the benefits that come with it – outweigh the effort needed to achieve their goal. If you’re a homebuyer, let that provide...

How Homeownership Can Help Shield You from Inflation

Written by Hutchinson Island Mortgage Syndicated User on April 27, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates, Interest Rates, Pricing.

If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile. If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. While the answer depends on your situation, here’s how homeownership can help you combat...

Is It Enough To Offer Asking Price in Today’s Housing Market?

Written by Hutchinson Island Mortgage Syndicated User on April 26, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates, Move-Up Buyers.

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price. In today’s real estate market, buyers shouldn’t shop for a home with the same expectations. Things Are Different Today Today’s housing market is anything but normal. According...

Myths About Today’s Housing Market [INFOGRAPHIC]

Written by Hutchinson Island Mortgage Syndicated User on April 23, 2022. Posted in Buying Myths, For Buyers, For Sellers, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates, Infographics, Selling Myths.

Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions. Let’s connect so you have an expert to help separate fact from fiction in today’s housing market. Content previously posted on Keeping Current Matters

Why This Housing Market Is Not a Bubble Ready To Pop

Written by Hutchinson Island Mortgage Syndicated User on April 22, 2022. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates, Pricing.

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The...

How To Approach Rising Mortgage Rates as a Buyer

Written by Hutchinson Island Mortgage Syndicated User on April 21, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates, Interest Rates, Move-Up Buyers.

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead. If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. How Rising Mortgage Rates Impact You Mortgage rates play a significant...

Why Pre-Approval Is an Important Step for Today’s Homebuyers

Written by Hutchinson Island Mortgage Syndicated User on April 20, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Hutchinson Island Condo Financing, Hutchinson Island Mortgage, Hutchinson Island Mortgage Rates, Move-Up Buyers.

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you’re qualified to make an offer.” Why does that matter so much today? There are many more...

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