Category: Condotel Mortgage Financing
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After more than a year of headlines talking about how home prices are going to crash, the latest data shows that price growth may be starting to pick back up again. And depending on whether you’re buying or selling, that shift means something different for you.The Numbers May Be Starting To TurnFor the past couple of years, home price growth has been moderating – cooling from around 7% in mid-2024, according to Redfin (see graph below). But look at the right side of that graph. The pace of that growth appears to have hit its low point and started to turn.While a couple months of data...
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FLorida Condos are growting
Start your home purchase qualifier with no personal info. Starting a Condo mortgage begins with development approval. This process helps qualify the property for financing and secures your investment in Florida’s growing market. We guide you through each step, so you can focus on your new home. Get your rate today and move closer to ownership.
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Selling a Luxury House? Here’s Why Now Is a Good Time
If you own a luxury house, you’re in a stronger spot than most sellers right now. While much of the market has cooled, the high-end tier hasn’t. Sale prices and buyer demand are both up. So if you’re considering selling, now could be a great time to make your move.Luxury Is Leading on PriceLet’s start with prices. But before we get into it – what actually counts as a luxury home? Generally, these are homes in the top 5% price range for the area, so it varies depending on where you live.But what’s interesting is that according to the latest data from Redfin, sale prices for...
The House That Started It All Could Kickstart What’s Next
Remember how exciting it was to buy your first place? It felt like crossing a long-awaited finish line. It gave you a place to build your life. Maybe it’s where you lived when you got married. Or where you welcomed a child or a pet into the family.But that was just the beginning.For most people, your first house was never meant to be your forever home. It’s a stepping stone for what comes next.And if your life looks different today than it did when you got the keys, you’re not stuck. Moving may be more realistic than you think.Starter Home Inventory Is Still Relatively LowIf you’ve...
Priced Out? A Condo or Townhome Could Be Your Way In.
Today’s home prices have a lot of buyers – especially first-time buyers – wondering if there’s even anything out there that’s in their budget. But owning a home may be more within reach than you think. Sometimes, it just means considering a different type of home.Condos and townhomes can be a great way to buy without stretching every last dollar. And right now, two things make them worth a serious look.There Are More Condos and Townhomes To Choose FromMaybe you feel like there’s just nothing out there for you, and you’ve exhausted all your options. But have you considered condos or...
Newly Built Home Prices Hit a 5-Year Low
If you’ve always assumed a newly built home is just not in your budget, you should know the math just got a little friendlier.The median sale price of a newly built home is now at its lowest level since 2021, according to the latest data from the Census. And on top of that, builders are still rolling out incentives to bring buyers through the door.Here’s what’s happening, and what it means if you’re shopping right now.Prices on Newly Built Homes Have Come DownAfter a steep climb during the pandemic years, prices have eased a bit. The median sale price of newly built homes...
Record High Mortgage Debt Sounds Scary. Here’s What the Headlines Leave Out.
You may have seen the headlines lately about mortgage debt in America hitting a record high. And maybe your brother-in-law brought it up at the dinner table like he’s been waiting all week to spark a debate.Here’s the thing. He’s not wrong. But he only has half the story. And the half he’s missing? It changes everything.Spoiler: homeowners are on stronger footing than the headlines suggest, and the housing market has more going for it than most people realize.The Headline Number Is Real, But It’s Missing ContextYes, according to the Federal Reserve, there is currently...
Are Home Prices Going To Fall?
It’s one of the biggest hold ups some buyers have right now: “What if I buy, and home prices go down?”With everything in the news, that concern makes some sense. No one wants to make a big financial decision at the wrong time. But here’s what’s important to know. You don’t want to get hung up on the few places seeing slight declines right now.When you zoom out and look at the full picture, home prices usually rise over time.What the Data Really ShowsTake a look at the visual below. It uses data from Case-Shiller and Bilello to show how home prices have changed year by year going all the way...