Home Prices Are Not Falling

Written by Marco Island Mortgage Syndicated User on October 4, 2023. Posted in For Sellers, Housing Market Updates, Marco Island Mortgage, Mortgage Marco Island, Pricing, Selling Myths.

During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for doom and gloom in the housing market. All of this negative news coverage made a lot of people have doubts about the strength of the residential real estate market. If it made you question if you should delay your own plans to move, here’s what you really need to know. Home Prices Never Crashed Disregard what you saw in the headlines. The actual data shows home prices were remarkably resilient and performed far...

Why Your House Didn’t Sell

Written by Marco Island Mortgage Syndicated User on September 29, 2023. Posted in For Sellers, Marco Island Mortgage, Mortgage Marco Island, Selling Myths.

If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated. Not to mention, you’re also probably wondering what went wrong. Here are three questions to think about as you figure out what to do next. Did You Limit Access to Your House? One of the biggest mistakes you can make when selling your house is restricting the days and times when potential buyers can tour it. Being flexible with your schedule is important when you’re selling your house, even though it might feel a bit stressful to drop everything and leave when buyers want to see it....

The Return of Normal Seasonality for Home Price Appreciation

Written by Marco Island Mortgage Syndicated User on September 27, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Marco Island Mortgage, Mortgage Marco Island, Move-Up Buyers, Pricing, Selling Myths.

If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend. In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the...

Your Home Equity Can Offset Affordability Challenges

Written by Marco Island Mortgage Syndicated User on September 20, 2023. Posted in For Sellers, Housing Market Updates, Interest Rates, Marco Island Mortgage, Mortgage Marco Island, Selling Myths.

Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about this too, know that even though rates are high right now, so is home equity. Here’s what you need to know. Bankrate explains exactly what equity is and how it grows: “Home equity is the portion of your home that you’ve paid off and own outright. It’s the difference between what the home is worth and how much is still owed on your mortgage. As your...

Are More Homes Coming onto the Market?

Written by Marco Island Mortgage Syndicated User on September 19, 2023. Posted in For Sellers, Housing Market Updates, Marco Island Mortgage, Mortgage Marco Island, Selling Myths.

An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right. But there are some early signs that more listings are coming. According to the latest data, new listings (homeowners who just put their house up for sale) are trending up. Here’s a look at why this is noteworthy and what it may mean for you. More Homes Are Coming onto the Market than Usual It’s well...

Plenty of Buyers Are Still Active Today [INFOGRAPHIC]

Written by Marco Island Mortgage Syndicated User on September 16, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Marco Island Mortgage, Mortgage Marco Island, Selling Myths.

Some Highlights Holding off on selling your house because you believe there aren’t any buyers out there? Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now. Don’t delay your plan to sell for fear no one is buying. The opposite is true and buyer traffic is still strong today. Connect with a real estate agent to get your house in front of these buyers.

Planning to Retire? Your Equity Can Help You Make a Move

Written by Marco Island Mortgage Syndicated User on September 12, 2023. Posted in Demographics, For Sellers, Marco Island Mortgage, Mortgage Marco Island, Selling Myths.

Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few reasons why. Consider How Long You’ve Been in Your Home From 1985 to 2009, the average length of time homeowners stayed in their homes was roughly six years. But according to the National Association of Realtors (NAR), that number is...

Why It’s Still a Seller’s Market Today

Written by Marco Island Mortgage Syndicated User on September 5, 2023. Posted in For Sellers, Housing Market Updates, Marco Island Mortgage, Mortgage Marco Island, Selling Myths.

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it would take to sell all...

Buyer Traffic Is Still Stronger than the Norm

Written by Marco Island Mortgage Syndicated User on August 31, 2023. Posted in Demographics, For Sellers, Housing Market Updates, Marco Island Mortgage, Mortgage Marco Island, Selling Myths.

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it. The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are: As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this...

Why You May Still Want To Sell Your House After All

Written by Marco Island Mortgage Syndicated User on August 30, 2023. Posted in Demographics, For Sellers, Marco Island Mortgage, Mortgage Marco Island, Selling Myths.

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says: “Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market.” So, ask yourself this: why did I want to move in the first place? Chances...

Category: Selling Myths