Is Owning a Home Still the American Dream for Younger Buyers?

Written by Sarasota Mortgage Mortgage Syndicated User on December 1, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Sarasota, Sarasota Mortgage.

Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations?A recent survey by 1000watt dives into how the two...

Why the Economy Won’t Tank the Housing Market

Written by Sarasota Mortgage Mortgage Syndicated User on November 29, 2023. Posted in Housing Market Updates, Mortgage Sarasota, Sarasota Mortgage.

If you’re worried about a coming recession, you’re not alone. Over the past couple of years, there’s been a lot of recession talk. And many people worry, if we do have one, it would cause the unemployment rate to skyrocket. Some even fear that a spike in unemployment would lead to a rash of foreclosures similar to what happened 15 years ago.However, the latest Economic Forecasting Survey from the Wall Street Journal (WSJ) reveals that, for the first time in over a year, less than half (48%) of economists believe a recession will actually occur within the next year:“Economists are turning optimistic...

Are The Top 3 Housing Market Questions on Your Mind?

Written by Sarasota Mortgage Mortgage Syndicated User on November 28, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Mortgage Sarasota, Move-Up Buyers, Sarasota Mortgage, Selling Myths.

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in.Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them.1. What’s Next for Mortgage Rates?Mortgage rates...

Is Wall Street Buying Up All the Homes in America?

Written by Sarasota Mortgage Mortgage Syndicated User on November 27, 2023. Posted in Buying Myths, For Buyers, Housing Market Updates, Mortgage Sarasota, Move-Up Buyers, Sarasota Mortgage.

If you’re thinking about buying a home, you may find yourself interested in the latest real estate headlines so you can have a pulse on all of the things that could impact your decision. If that’s the case, you’ve probably heard mention of investors, and wondered how they’re impacting the housing market right now. That could leave you asking yourself questions like:How many homes do investors own?Are institutional investors, like large Wall Street Firms, really buying up so many homes that the average person can’t find one?To answer those questions, here’s the real story of what’s happening...

Why Homeowners Feel Thankful for Their Homes [INFOGRAPHIC]

Written by Sarasota Mortgage Mortgage Syndicated User on November 24, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Sarasota, Sarasota Mortgage.

Some HighlightsHere are three reasons why homeowners feel thankful for their homes. First, it’s a safe place that can give you a greater sense of comfort, safety, and security.Second, it gives you freedom of expression. From the color of the paint to the art on the walls, you can express your style and your personality.Third, it provides a sense of community. Owning your home helps you build lasting friendships with neighbors and connects you to your community. If you’re thinking of buying a home and want to hear more about the potential benefits, talk with a local real estate agent.

Why Homeowners Are Thankful They Own

Written by Sarasota Mortgage Mortgage Syndicated User on November 23, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage Sarasota, Rent vs. Buy, Sarasota Mortgage.

Countless people have set out on the exciting journey of homeownership. Ask around and you’ll find the vast majority are thankful they took the leap and bought a home. But why? It’s because of the many emotional and lifestyle benefits that come with being a homeowner.So, if you’re trying to decide if you want to rent or buy a home, here are just a few of the many benefits you could look forward to if you buy.It’s a Safe HavenOwning a home goes beyond just having a roof over your head. It provides a sense of security and safety. In fact, in a survey from Fannie Mae, respondents say “having a...

Home Prices Still Growing – Just at a More Normal Pace

Written by Sarasota Mortgage Mortgage Syndicated User on November 22, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Sarasota, Pricing, Sarasota Mortgage.

If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise. Some people are still saying prices are falling, even though data proves otherwise. Part of that misconception is because people are getting their information from unreliable sources. But it’s also coming from some media coverage misrepresenting what the data really shows.So, to keep things simple, here’s what you really need to know using real data you can trust.Normal Home Price Seasonality Explained In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality....

Are There Actually More Homes for Sale Right Now?

Written by Sarasota Mortgage Mortgage Syndicated User on November 21, 2023. Posted in Buying Myths, For Buyers, For Sellers, Housing Market Updates, Mortgage Sarasota, Sarasota Mortgage, Selling Myths.

If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters to you. Take a look below. What’s the Truth About Today’s Housing Inventory?While the story for the past few years has been how few homes are on the market, recent national data may leave you feeling a bit confused. That’s because Realtor.com shows inventory is actually growing a bit month-over-month in many...

Is Your House the Top Thing on a Buyer’s Wish List this Holiday Season?

Written by Sarasota Mortgage Mortgage Syndicated User on November 20, 2023. Posted in For Sellers, Mortgage Sarasota, Sarasota Mortgage, Selling Myths.

This time every year, homeowners who are planning to move have a decision to make: sell now or wait until after the holidays? Some sellers with homes already on the market may even remove their listing until the new year.But the truth is, many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. As an article from Fortune Builders explains:“ . . . while a majority of people take a step back from the real estate market during the holiday months, you may find when the temperature drops, your potential for a great real estate deal starts to rise.”To...

2024 Housing Market Forecast [INFOGRAPHIC]

Written by Sarasota Mortgage Mortgage Syndicated User on November 17, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Mortgage Sarasota, Pricing, Sarasota Mortgage.

Some HighlightsThinking of buying or selling a house and wondering what the new year holds for the housing market? Experts forecast home prices to end this year up 2.8% and to rise another 1.5% in 2024. And climbing prices help make homeownership a good investment.Plus, home sales are projected to increase in 2024. That’s good news because it means experts are forecasting more activity as people continue to move.If you’re planning to buy or sell, it’s helpful to know what experts project for the housing market. Connect with a local real estate agent to talk about the latest forecasts and...

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