People Are Still Moving, Even with Today’s Affordability Challenges

Written by Panama City Mortgage Mortgage Syndicated User on November 17, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Mortgage Panama City, Panama City Mortgage, Selling Myths.

If you’re thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising. That much is true. Take a look at the graph below. It breaks down how the current affordability situation stacks up to recent years. The National Association of Realtors (NAR) explains how to read the values on the graph: “To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home.” The...

The Latest 2024 Housing Market Forecast

Written by Panama City Mortgage Mortgage Syndicated User on November 16, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Panama City, Panama City Mortgage, Pricing.

The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market. Spoiler alert: the projections may be better than you think. Here’s why. Experts Forecast Ongoing Home Price Appreciation Take a look at the latest home price forecasts from Fannie Mae, the Mortgage Bankers Association (MBA), and the National Association of Realtors (NAR): As you can see in the orange bars on the...

These Top Cities Show Home Prices Are Still Climbing

Written by Panama City Mortgage Mortgage Syndicated User on November 15, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Panama City, Panama City Mortgage, Pricing.

If you’re considering buying a home or selling your current one to find something that better suits your needs, you may have questions about what’s happening with home prices today. Here’s what you need to know. There’s still a lot of confusion and misinformation out there. So, no matter what you may have heard, the national data shows they’ve actually been climbing again (see graphs below): As you can see, in the first half of 2022, home prices went way up. Those increases were dramatic and unsustainable. So, in the second half of 2022, prices adjusted. Those dips were small and didn’t...

Life-Changing Events That Move the Housing Market

Written by Panama City Mortgage Mortgage Syndicated User on November 14, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering buying or selling a house. That’s because through all these life-altering events, there is one common thread—the need to move. Reasons People Still Need To Move Today According to the National Association of Realtors (NAR) there have been a lot of this type of milestone or life change over the last two years (see graph below): And,...

VA Loans Help Heroes Achieve Homeownership [INFOGRAPHIC]

Written by Panama City Mortgage Mortgage Syndicated User on November 12, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

Some Highlights VA home loans can help people who served our country become homeowners. These loans can help qualified individuals purchase a VA-approved home or condo, build a new home, or enhance their current one. Owning a home is the American Dream, and one way to show our appreciation to veterans is by providing them with important information about the advantages of VA home loans.

How VA Loans Can Help Make Homeownership Dreams Come True

Written by Panama City Mortgage Mortgage Syndicated User on November 12, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes. If you or someone you care about has served in the military, it’s essential to learn about this program and its advantages. Here are some important things to know about VA loans before you buy a home. The Many Advantages of VA Home Loans VA home loans provide a pathway to homeownership for those who have served our nation, and they’re a great benefit for buyers who qualify. According to the Department of Veteran Affairs: Options for No Down Payment: Qualified borrowers can often...

Florida Mortgage | Why Your House Isn’t Selling as Fast as You’d Like

Written by Panama City Mortgage Mortgage Syndicated User on November 12, 2023. Posted in Mortgage Panama City, Panama City Mortgage.

Florida Mortgage | Why Your House Isn’t Selling as Fast as You’d Like If your house isn’t selling as fast as you’d like, there are a few things that could be a factor. Let’s connect to discuss what we can do to re-ignite buyer interest in your house. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips

Thinking About Using Your 401(k) To Buy a Home?

Written by Panama City Mortgage Mortgage Syndicated User on November 12, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage Panama City, Move-Up Buyers, Panama City Mortgage.

Are you dreaming of buying your own home and wondering about how you’ll save for a down payment? You’re not alone. Some people think about tapping into their 401(k) savings to make it happen. But before you decide to dip into your retirement to buy a home, be sure to consider all possible alternatives and talk with a financial expert. Here’s why. The Numbers May Make It Tempting The data shows many Americans have saved a considerable amount for retirement (see chart below): It can be really tempting when you have a lot of money saved up in your 401(k) and you see your dream home on...

Florida Mortgage | Reasons To Become a Homeowner

Written by Panama City Mortgage Mortgage Syndicated User on November 12, 2023. Posted in Mortgage Panama City, Panama City Mortgage.

Florida Mortgage | Reasons To Become a Homeowner Trying to decide if you should rent or buy a home? Consider these benefits that come with buying. Let’s connect to take the first steps on your homebuying journey. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

Florida Mortgage | Important Credit Score Information for Homebuyers

Written by Panama City Mortgage Mortgage Syndicated User on November 12, 2023. Posted in Mortgage Panama City, Panama City Mortgage.

Florida Mortgage | Important Credit Score Information for Homebuyers To boost your credit score, focus on your payment history, debt amount, and credit applications. Let’s connect if you want more tips to consider when buying a home. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips

Category: Panama City Mortgage