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

Written by Palm Shores FL Mortgage Syndicated User on May 5, 2022. Posted in For Sellers, Housing Market Updates, Move-Up Buyers, Palm Shores FL, Palm Shores FL Condo Financing, Palm Shores FL Mortgage Rates, 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,...

How Homeownership Can Help Shield You from Inflation

Written by Palm Shores FL Mortgage Syndicated User on May 5, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Palm Shores FL, Palm Shores FL Condo Financing, Palm Shores FL Mortgage 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 Palm Shores FL Mortgage Syndicated User on May 5, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Palm Shores FL, Palm Shores FL Condo Financing, Palm Shores FL Mortgage Rates.

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...

Category: Housing Market Updates

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

How Homeownership Can Help Shield You from Inflation

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