What’s Ahead for Home Prices in 2023

Written by Sarasota Mortgage Mortgage Syndicated User on March 20, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Sarasota, Move-Up Buyers, Rent vs. Buy, Sarasota Mortgage.

Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.Selma Hepp, Chief Economist at CoreLogic, says:“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent...

Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Written by Sarasota Mortgage Mortgage Syndicated User on March 10, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Mortgage Sarasota, Rent vs. Buy, Sarasota Mortgage.

Homeownership Is an Investment in Your Future

Written by Sarasota Mortgage Mortgage Syndicated User on December 8, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage Sarasota, Move-Up Buyers, Rent vs. Buy, Sarasota Mortgage.

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as for a clearer picture of the economic outlook.” If you’re in that position, remember that it’s important to consider not just what’s happening today but also what benefits you may...

Should You Still Buy a Home with the Latest News About Inflation?

Written by Sarasota Mortgage Mortgage Syndicated User on October 19, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Sarasota, Move-Up Buyers, Rent vs. Buy, Sarasota Mortgage.

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch it’s creating on your wallet and the looming economic uncertainty may leave you wondering: “should I still buy a home right now?” If that question is top of mind for you, here’s what you need to know. Homeownership Is Historically a Great...

The Emotional and Non-financial Benefits of Homeownership

Written by Sarasota Mortgage Mortgage Syndicated User on October 17, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Sarasota, Move-Up Buyers, Rent vs. Buy, Sarasota Mortgage.

With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their Home Truly Their Own Owning your home gives you a significant sense of accomplishment because it’s a space you can customize to your heart’s desire. That can bring you added happiness. In fact, a report from the National Association of Realtors (NAR) shows making updates or remodeling...

Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Written by Sarasota Mortgage Mortgage Syndicated User on September 30, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Sarasota, Rent vs. Buy, Sarasota Mortgage.

Some Highlights If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers. Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options. Content previously posted on Keeping Current Matters

The U.S. Homeownership Rate Is Growing

Written by Sarasota Mortgage Mortgage Syndicated User on August 15, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Sarasota, Rent vs. Buy, Sarasota Mortgage.

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage is growing with time. If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership. Why Are More People Becoming Homeowners? There are several benefits to owning your home. A significant one, especially when inflation...

Buying a Home May Make More Financial Sense Than Renting One

Written by Sarasota Mortgage Mortgage Syndicated User on August 3, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Sarasota, Pricing, Rent vs. Buy, Sarasota Mortgage.

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.” That means rising prices will likely impact your housing plans either way. But there are a few key differences that could make buying a home a more worthwhile option...

Should I Rent or Should I Buy? [INFOGRAPHIC]

Written by Sarasota Mortgage Mortgage Syndicated User on July 15, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Sarasota, Rent vs. Buy, Sarasota Mortgage.

Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save. If you want to learn more about the benefits of homeownership, let’s connect today. Content previously posted on Keeping Current Matters

How Homeownership Impacts You

Written by Sarasota Mortgage Mortgage Syndicated User on June 2, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage Sarasota, Move-Up Buyers, Rent vs. Buy, Sarasota Mortgage.

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits you’ll experience when you do. The Emotional Benefits of Homeownership Because it’s a place that’s uniquely yours, owning a home can give you a sense of pride and happiness in several ways. Your Home Can Reflect Your Tastes and Personality Investopedia...

Category: Rent vs. Buy