How Remote Work Helps with Your House Hunt [INFOGRAPHIC]

Written by Marco Island Mortgage Syndicated User on September 23, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Infographics, Marco Island Mortgage, Mortgage Marco Island, Move-Up Buyers.

Some Highlights While remote work peaked during the pandemic, many people still work from home today. If you’re one of them, it could have an unexpected benefit when you’re looking to buy a home. If you can work from home, you might have more choices for where to live. Connect with a real estate agent to talk about your options and what’s most important to you.

The Many Non-Financial Benefits of Homeownership

Written by Marco Island Mortgage Syndicated User on September 22, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Marco Island Mortgage, Mortgage Marco Island.

Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it’s essential to think about the non-financial benefits that make a home more than just a place to live. Here are some of the top non-financial reasons to buy a home. According to Fannie Mae, 94% of survey respondents say “Having Control Over What You Do with Your Living Space” is a top reason to own. Your home is truly your own space. If you own a home, unless there are specific homeowner association requirements, you can decorate and change it the way you like....

Remote Work Is Changing How Some Buyers Search for Their Dream Homes

Written by Marco Island Mortgage Syndicated User on September 21, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Marco Island Mortgage, Mortgage Marco Island.

The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that’s a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers. If you’re in the market to buy a home and you work remotely either full or part-time, this trend is a game-changer. It can help you overcome some of today’s affordability and housing inventory challenges. How Remote Work...

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 home’s...

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 known...

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.

Why Is Housing Inventory So Low?

Written by Marco Island Mortgage Syndicated User on September 15, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Marco Island Mortgage, Mortgage Marco Island, New Construction.

One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enough homes available for sale, but that shortage isn’t just a today problem. It’s been a challenge for years. Let’s take a look at some of the long-term and short-term factors that have contributed to this limited supply. Underbuilding Is a Long-Standing Problem One of the big reasons inventory is low is because builders haven’t been...

Should Baby Boomers Buy or Rent After Selling Their Houses?

Written by Marco Island Mortgage Syndicated User on September 14, 2023. Posted in Baby Boomers, Buying Myths, Demographics, For Buyers, Marco Island Mortgage, Mortgage Marco Island, Rent vs. Buy.

Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want more space to accommodate your loved ones? But maybe the biggest consideration boils down to this – will you buy your next home or choose to rent instead? That decision ultimately depends on your current situation and your future plans. Here are two important factors to help you decide what’s right for you. Expect Rents to Keep Going...

What Experts Project for Home Prices Over the Next 5 Years

Written by Marco Island Mortgage Syndicated User on September 13, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Marco Island Mortgage, Mortgage Marco Island, Move-Up Buyers.

If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep appreciating. Experts Project Ongoing Appreciation Pulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the...

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 higher...

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