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Category: Housing Market Updates

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Watching the Stock Market? Check the Value of Your Home for Good News.

Written by Sarasota Mortgage Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Sarasota, Sarasota Mortgage.

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few...

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Will My House Still Sell in Today’s Market?

Written by Sarasota Mortgage Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Mortgage Sarasota, Sarasota Mortgage, Selling Myths.

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below): The orange...

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Buyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market

Written by Sarasota Mortgage Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Sarasota, Move-Up Buyers, Sarasota Mortgage.

If you’re thinking about buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close. Today, you should have less competition and more negotiating power as a buyer. That’s because the intensity of buyer demand and bidding wars is easing this year. So, if bidding wars were the biggest factor that had you sitting on the sidelines, here are two trends that may be...

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Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

Written by Sarasota Mortgage Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Sarasota, Sarasota Mortgage.

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home prices in the coming year. The Reality of the Shift in Today’s Housing Market The reality is we’re seeing...

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