Don’t Believe Everything You Read: The Truth Many Headlines Overlook

Written by Fort Myers Mortgage Syndicated User on November 23, 2021. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Fort Myers Mortgage, Housing Market Updates, Interest Rates, Mortgage Fort Myers, Pricing.

There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year. There are already alarmist headlines starting...

4 Ways Homeowners Can Use Their Equity

Written by Fort Myers Mortgage Syndicated User on November 22, 2021. Posted in For Sellers, Fort Myers Mortgage, Mortgage Fort Myers, Move-Up Buyers.

Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year. If you’re looking for the best ways to use your growing equity, here are four options: 1. Use Your Equity To Buy a Home That Fits Your Needs If you’re finding you no longer have the space you need, it might be time to move into a larger home. Or, it’s possible you have too much space and would like something smaller....

Home Sales About To Surge? We May See a Winter Like Never Before.

Written by Fort Myers Mortgage Syndicated User on November 18, 2021. Posted in For Buyers, For Sellers, Fort Myers Mortgage, Housing Market Updates, Mortgage Fort Myers.

Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year. Real estate is very similar. The number of homes sold in the spring is almost always much greater than at any other time of the year. It’s even labeled as the spring buying season. Historically, the number of buyers and listings for sale significantly increase in the spring...

Retirement May Be Changing What You Need in a Home

Written by Fort Myers Mortgage Syndicated User on November 17, 2021. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, Fort Myers Mortgage, Mortgage Fort Myers, Senior Market.

The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom: “At least 1.7 million more older workers than expected retired due to the pandemic recession.” If you’ve recently retired, your home may not fit your new lifestyle. The good news is, you’ve likely built-up significant equity that can fuel your next move. According to the latest Homeowner Equity...

Sellers: You’ll Likely Get Multiple Strong Offers This Season

Written by Fort Myers Mortgage Syndicated User on November 16, 2021. Posted in For Sellers, Fort Myers Mortgage, Housing Market Updates, Mortgage Fort Myers.

Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are plenty of buyers out there, and they really want your house. Here’s why selling this winter is a win for you. Today’s buyers are still dealing with a limited number of homes for sale. Thanks to continued low inventory, those buyers are competing with one another for their dream home. And when that happens, if your house is one of the few on the market, it will rise to the top of the pool – and...

Should I Update My House Before I Sell It? [INFOGRAPHIC]

Written by Fort Myers Mortgage Syndicated User on November 12, 2021. Posted in For Sellers, Fort Myers Mortgage, Infographics, Mortgage Fort Myers.

Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your agent to be your guide. If the market is flooded with houses for sale, updates may be necessary for your house to stand out. In our current sellers’ market, the added expenses might not be worth it. Let’s connect so you have expert advice on which updates are important in today’s market. Content previously posted on Keeping Current Matters

What’s Happening with Home Prices?

Written by Fort Myers Mortgage Syndicated User on November 10, 2021. Posted in For Buyers, For Sellers, Fort Myers Mortgage, Housing Market Updates, Mortgage Fort Myers, Pricing.

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months (see graph below):The increase in the rate of appreciation that’s shown...

How Sellers Win When Housing Inventory Is Low

Written by Fort Myers Mortgage Syndicated User on November 9, 2021. Posted in For Sellers, Fort Myers Mortgage, Housing Market Updates, Mortgage Fort Myers, Pricing.

In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season. 1. Higher Prices With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer competition...

Numbers Don’t Lie – It’s Still a Great Time To Sell [INFOGRAPHIC]

Written by Fort Myers Mortgage Syndicated User on November 5, 2021. Posted in For Sellers, Fort Myers Mortgage, Housing Market Updates, Infographics, Mortgage Fort Myers, Selling Myths.

Some Highlights Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing now puts your house in the spotlight, meaning it could sell quickly – and for more than you’d expect. Feeling motivated? If you’re ready to sell and capitalize on today’s market, let’s connect. Content previously posted on Keeping Current Ma...

Sellers Have Incredible Leverage in Today’s Market

Written by Fort Myers Mortgage Syndicated User on November 2, 2021. Posted in For Sellers, Fort Myers Mortgage, Housing Market Updates, Interest Rates, Mortgage Fort Myers, Move-Up Buyers, Pricing.

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.” But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market. According to the latest Existing Home Sales Report from NAR: “From one year ago, the inventory of unsold homes decreased...

Category: For Sellers