Category: Additional Resources
The One Thing Every Homeowner Needs To Know About a Recession
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is... Read More
How Homeownership Can Bring You Joy
If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you... Read More
Why Rising Mortgage Rates Push Buyers off the Fence
f you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to... Read More
If You’re a Homeowner, You Have Incredible Leverage When You Sell Today
In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home To buy before mortgage rates rise more To buy... Read More
What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market
1. There Are Fewer Homeowners in Trouble Today’s data shows that most homeowners are exiting their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again. The graph below depicts those findings from the Mortgage Bankers Association (MBA): The... Read More
Will Home Prices Fall This Year? Here’s What Experts Say.
Back What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.” So why are prices climbing so much? It’s because there are more buyers than there are homes for sale. This imbalance is expected to... Read More
Are Mortgage Interest Rates Good or Bad right now? Here is the Answer!
Are Mortgage Rates Good or Bad right now? Information as of March 17th, 2022. There is a lot of information out there about Mortgage Interest rates, and everyone seems to have their own opinion about whether current rates are Good or Bad. Have you spoken with someone who bought a home in the 1980s? They... Read More
What to Expect in Sarasota Real Estate in 2021
A year of surprises, 2020 has been a record-breaking year for the real estate industry, with astronomically low mortgage rates and homebuyers influenced by current events including a worsening pandemic. As we dive into 2021, experts are predicting another record year for the real estate industry with continuously low mortgage rates and northerners flocking to... Read More
Sarasota Ranked #1, Best Places to Retire in USA
In 2017 Siesta beach ranked number 1 for America’s top 10 beaches according to Professor Stephen. Recently US News quantify survey and analyzed data for 100 Best Places to Retire in USA. Places ranked on the following criteria which include happiness of local residents, housing affordability, tax rates and healthcare quality. Find out more why... Read More
FHA Loan vs. Conventional Loan
Most homebuyers will consider taking out a mortgage to finance their home. Once many home buyers come to this conclusion, they are still left with the question of whether to choose between an FHA Loan or going with a Conventional Loan. While each have their own processes and criteria for eligibility, many homebuyers have questions... Read More
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