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Category: Pricing

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Things That Could Help You Win a Bidding War on a Home

Written by Palm Shores FL Mortgage Syndicated User on . Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Palm Shores FL, Palm Shores FL Condo Financing, Palm Shores FL Mortgage Rates, Pricing.

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map below): The same report from NAR shows the average buyer made two offers before getting their third offer accepted. In this type of competitive housing market, it’s important to know what levers you can pull to help you beat the competition....

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

Written by Palm Shores FL Mortgage Syndicated User on . 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,...

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

Written by Palm Shores FL Mortgage Syndicated User on . Posted in For Sellers, Palm Shores FL, Palm Shores FL Condo Financing, Palm Shores FL 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...

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How Homeownership Can Help Shield You from Inflation

Written by Palm Shores FL Mortgage Syndicated User on . 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...

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