How Buying a Multi-Generational Home Helps with Affordability Today

Written by Condotel Financing Florida Syndicated User on October 18, 2023. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Demographics, First Time Home Buyers, Florida Condotel, For Buyers, Mortgage, Move-Up Buyers, Rent vs. Buy.

In today’s world of rising housing costs, many buyers are looking for ways to still be able to buy a home. Some of them have found a solution in multi-generational living.Multi-generational living is when two or more adult generations live together under one roof. This includes siblings, parents, or even grandparents. Here’s an in-depth look at why more buyers are choosing this option today, so you can see if it may be right for you too.Reasons To Buy a Multi-Generational HomeAccording to a recent study by the National Association of Realtors (NAR), the top two reasons people are opting...

Are Higher Mortgage Rates Here To Stay?

Written by Condotel Financing Florida Syndicated User on October 17, 2023. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, Housing Market Updates, Interest Rates, Mortgage.

Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below): That can feel like a little bit of a gut punch if you’re thinking about making a move. If you’re wondering whether or not you should delay your plans, here’s what you really need to know. How Higher Mortgage Rates Impact You There’s no denying mortgage rates are higher right now than they were in recent years. And, when rates are up, that affects...

The Difference Between Renting and Buying a Home [INFOGRAPHIC]

Written by Condotel Financing Florida Syndicated User on October 14, 2023. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, Infographics, Mortgage, Move-Up Buyers, Rent vs. Buy.

Some HighlightsWhen deciding between buying a home or renting, think about these three important factors.Buying a home means avoiding rising rents, owning a tangible and valuable asset, and growing your wealth over time.If you’re ready to enjoy the advantages of owning a home, connect with a local real estate expert to discuss your options.

Growing Your Net Worth with Homeownership

Written by Condotel Financing Florida Syndicated User on October 13, 2023. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, Mortgage, Rent vs. Buy.

Take a moment to imagine where you want to be in a few years. You might be thinking about your job, money, wanting more stability, or goals you want to reach soon. Is homeownership a part of that vision? If it is, you should know owning a home has a whole lot of financial benefits.One of the many reasons to buy a home is that it’s a great way to build wealth and gain financial stability. That’s because the value of most homes increases over time, which in turn grows your net worth. Here’s how home values are rising right now. According to Zillow:“The total value of the U.S. housing market –...

The Latest Expert Forecasts for Home Prices in 2023

Written by Condotel Financing Florida Syndicated User on October 12, 2023. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, Mortgage, Move-Up Buyers.

Are you thinking about making a move? If so, all the speculation that home prices would crash this year may have you feeling a bit on edge about your decision. Let the data and the experts reassure you. Prices aren’t in a downward spiral and will actually finish the year strong.Even though you may have heard talk that prices would drop 5, 10, or even 20% this year, that hasn’t happened. The big reason why is the supply of homes for sale is too low. There are just more buyers looking to buy than homes available, and that’s kept prices from falling.To prove this year wasn’t a bust for home prices,...

Are Grandparents Moving To Be Closer to Their Grandkids?

Written by Condotel Financing Florida Syndicated User on October 11, 2023. Posted in Baby Boomers, Condotel Financing Florida, Condotel Mortgage Financing, Demographics, Florida Condotel, For Buyers, For Sellers, Mortgage.

During the pandemic, many people distanced themselves from their loved ones for health reasons. Grandparents were told to stay away from their grandkids, especially as schools started to open. That’s because it would have been risky to visit with their grandchildren who may have gotten sick from school.Now that the pandemic has passed, many grandparents want more than ever to be near their grandchildren again to make up for that lost time. But how are they getting that “Grandparent Wish?” The data tells us many are moving to make sure they’re getting more quality time.Grandparents Are Moving...

How Homeowner Net Worth Grows with Time [INFOGRAPHIC]

Written by Condotel Financing Florida Syndicated User on October 7, 2023. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, Infographics, Mortgage.

Some HighlightsIf you’re thinking about buying a home this year, be sure to consider the long-term financial advantages of homeownership, like home equity.On average, people who bought homes 32 years ago have seen their home’s value nearly triple over that time. If you’re wondering if buying a home is a good idea, remember rising home values could grow your net worth with time. When you’re ready to start your homebuying journey, talk with a local real estate professional.

Are You a Homebuyer Worried About Climate Risks?

Written by Condotel Financing Florida Syndicated User on October 6, 2023. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, Demographics, First Time Home Buyers, Florida Condotel, For Buyers, Housing Market Updates, Mortgage, Move-Up Buyers.

The increasing effects of natural disasters are leading to new obstacles in residential real estate. As a recent article from CoreLogic explains: “As the specter of climate change looms large, the world braces for unprecedented challenges. In the world of real estate, one of those challenges will be the effects of natural catastrophes on property portfolios, homeowners, and communities.” That may be why, according to Zillow, more and more Americans now consider how climate risks and natural disasters can impact their homeownership plans (see below): This study goes on to explain that climate...

Understanding the Benefits of Owning Your First Home

Written by Condotel Financing Florida Syndicated User on October 5, 2023. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, Interest Rates, Mortgage, Move-Up Buyers.

Are you considering buying your first home? If so, it can be helpful to know what led other people to make that decision. According to a recent survey of first-time homebuyers by PulteGroup:“When asked why they purchased their first home recently, the answer was simple: because they wanted to. Either the desire to stop renting or recognition that homeownership is a smart financial investment was the main motivator for 72% of respondents.”While that survey looked specifically at first-time homebuyers buying newly built homes, the same sentiment is true for just about anyone buying their first...

Unpacking the Long-Term Benefits of Homeownership

Written by Condotel Financing Florida Syndicated User on October 3, 2023. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, Mortgage, Move-Up Buyers.

If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now. While those market factors are important, there’s more to consider. You should think about the long-term benefits of homeownership too.Think about this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how home values grow with time and how, by extension, that grows...

Category: For Buyers