What Past Recessions Tell Us About the Housing Market

Written by Marco Island Mortgage Syndicated User on January 17, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Marco Island Mortgage, Mortgage Marco Island.

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Written by Marco Island Mortgage Syndicated User on January 14, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Marco Island Mortgage, Mortgage Marco Island, Move-Up Buyers.

Today’s Housing Market Is Nothing Like 15 Years Ago

Written by Marco Island Mortgage Syndicated User on January 12, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Marco Island Mortgage, Mortgage Marco Island.

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

What Are Your Goals in the Housing Market This Year?

Written by Marco Island Mortgage Syndicated User on January 3, 2023. Posted in First Time Home Buyers, For Buyers, Interest Rates, Marco Island Mortgage, Mortgage Marco Island, Move-Up Buyers.

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too. That’s why it’s critical to have a clear understanding of not just the market today, but also what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at realtor.com, explains: “The key to making a good decision in...

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