There is no doubt that the housing market has slowed down considerably across the country. With mortgage rates rising at a rapid pace, we have already seen a dramatic slowdown in home buyer activity. As a result, we are seeing homes remaining for sale on the market for longer periods of time. While home prices… Continue reading A Buyer’s Market In 2023?
Category: Home Buying
Florida Leads The Way For International Buyers
It seems as though the chart-topping accolades for The Sunshine State just continue to stack up. In addition to already being a top destination site for domestic home buyers, a recent analysis shows that international buyers seem to think that Florida is the place to be as well. In fact, nearly a quarter of all… Continue reading Florida Leads The Way For International Buyers
Water Quality In The Home
Water is essential to our existence yet it is rarely discussed during the home buying process or even during inspections. According to the U.S. National Academies of Sciences, Engineering, and Medicine, adequate daily fluid intake is: About 15.5 cups (3.7 liters) of fluids a day for men & about 11.5 cups (2.7 liters) of fluids a… Continue reading Water Quality In The Home
More Out-Of-State Buyers Post-Hurricane?
Typically, Americans tend to have short memories. Although the footage of the devastation wreaked by Hurricane Ian on Southwest Florida is concerning, Americans’ insatiable appetite for coastal properties throughout Florida will continue moving forward. In fact, it is not uncommon for many potential out-of-state buyers to view the time period immediately following a major, destructive… Continue reading More Out-Of-State Buyers Post-Hurricane?
Common Real Estate Scams
Not a single day goes by without most of us receiving spam robocalls or other unwanted scam calls, text messages, or emails. With this said, calls to extend your car’s warranty aren’t the only calls that you need to be weary of. Unfortunately, real estate has also become fertile ground for scammers to target. Whether… Continue reading Common Real Estate Scams
What Is An FHA 203K Loan?
Perhaps you have heard of an FHA loan, which is a common tool used by first-time homebuyers seeking to buy a home with a low down payment. However, what is an FHA 203K loan & what do the extra numbers and letters mean? The FHA 203K is another loan type available from the Federal Housing… Continue reading What Is An FHA 203K Loan?
An Increase In Real Estate Contract Cancellations
Throughout the pandemic, we have seen an insatiable buyer demand for homes. With this said, rapidly rising mortgage interest rates have certainly hit the brakes on the housing market overall. Interestingly, we have also recently observed an increase in the amount of home purchase contract cancellations as well. In fact, it appears that in markets… Continue reading An Increase In Real Estate Contract Cancellations
Less Bidding Wars In This Housing Market
Homeownership remains a top financial priority for many Americans. With this said, high home prices, rising rates, & a 40-year record high in inflation is providing significant headwinds for most buyers. If you were in the market to buy a home a year ago, there was a greater than 50% chance that any offer you… Continue reading Less Bidding Wars In This Housing Market
Borrowers choosing an adjustable-rate mortgage
As mortgage rates continue to rise, more Americans are being priced out of the housing market. With this said, more of these borrowers are choosing an adjustable-rate mortgage to obtain a lower rate. An adjustable-rate mortgage (ARM) is a home loan with an interest rate that adjusts over time based on the market. How does… Continue reading Borrowers choosing an adjustable-rate mortgage
The Best Time To Buy A Home
As the summer weather begins to cool into fall, the off-season for housing may offer up some of the best opportunities of the year for homebuyers. Generally speaking, we tend to see a combination of more listings, less competition from other buyers, and lower prices. In fact, the National Association of Realtors® recently published their… Continue reading The Best Time To Buy A Home