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Category: Housing Market Updates

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Are Home Prices Continuing To Rise?

Written by Condotel Financing Florida Syndicated User on . Posted in Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, For Sellers, Housing Market Updates, Mortgage, Move-Up Buyers, Pricing.

Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December: Federal Housing Finance Agency (FHFA): 17.6% S&P Case-Shiller: 18.8% CoreLogic: 18.5% To show that they’re not seeing signs of softening, here’s a graph that gives the progression of all three indices for each month of 2021. As the graph above reveals, last...

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An Expert Advisor Will Give You the Best Advice in Today’s Market

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

Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential. Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in supply...

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The #1 Reason To Sell Your House Today

Written by Condotel Financing Florida Syndicated User on . Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Sellers, Housing Market Updates, Mortgage.

Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply. Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge. Inventory Is at an All-Time Low Because purchaser...

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How Supply and Demand Can Impact Your Buying and Selling Goals

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

In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that drives prices up. And that’s exactly the case in today’s housing market. So, knowing what’s happening with the inventory of homes for sale and the demand for housing is crucial for today’s buyers and sellers. Nationally, Demand Is High and Supply Is Very Low The latest buyer and seller...

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Real Estate Voted the Best Investment Eight Years in a Row

Written by Condotel Financing Florida Syndicated User on . Posted in Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, Housing Market Updates, Mortgage, Move-Up Buyers, Rent vs. Buy.

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest level...

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