The Truth About Newly Built Homes and Today’s Market

Written by Fort Pierce Mortgage Syndicated User on April 9, 2025. Posted in Agent Value, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Inventory.

Headlines are talking about the inventory of new homes and how we’re back at the levels not seen since 2009. And maybe you’re reading that and thinking: oh no, here we go again. That’s because you remember the housing crash of the late 2000s and you’re worried we’re repeating the same mistakes.But before you let fear take hold, remember: headlines are designed to be clickbait. And a lot of the time, they do more to terrify than clarify. That’s because they don’t always give you all the context you need. So, let’s take a step back and look at what the data really says.Why This Isn’t Like...

House Hunting Just Got Easier – Here’s Why

Written by Fort Pierce Mortgage Syndicated User on April 8, 2025. Posted in Buying Tips, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Inventory.

If you’ve been frustrated by the lack of homes for sale over the past few years, here’s some good news. You have more options, so it may finally be time to kick off your home search again. As Daryl Fairweather, Chief Economist at Redfin, explains:“Now is the best time to buy in the last two years. Mortgage rates are comparable to what they were two years ago, and prices remain high. However, there is significantly more inventory . . .”The number of homes for sale has grown compared to last year, and even more options are on the way. While this is typical for the busy spring season, here’s...

Things To Avoid After You Apply for a Mortgage

Written by Fort Pierce Mortgage Syndicated User on April 5, 2025. Posted in Buying Tips, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Infographics.

Some HighlightsOnce a lender has reviewed your finances as part of the homebuying process, you want to be as consistent as possible. Don’t make any big changes that could affect your mortgage application.Here are a few tips. Don’t change bank accounts or apply for new credit. And this one may surprise you, don’t buy appliances or furniture for your next home yet either.The best tip of all? Before you do anything financial in nature, talk to your lender first.

The #1 Thing Sellers Need To Know About Their Asking Price

Written by Fort Pierce Mortgage Syndicated User on April 4, 2025. Posted in For Sellers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Home Prices, Selling Tips.

When you put your house on the market, you want to sell it quickly and for the best price possible; that’s generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has grown. The side effect? Price cuts are on the rise, but they really don’t have to be. Here’s why.According to data from Realtor.com, in February, price cuts were the highest they’ve been in any other February since 2019 (see graph below):If you consider that 2019 was the last true normal year for the housing market – that’s a big deal. We’re...

Townhomes: A Smart Solution for Today’s First-Time Buyers

Written by Fort Pierce Mortgage Syndicated User on April 3, 2025. Posted in First-Time Buyers, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Inventory.

Buying your first home in today’s market can feel tough. Between high home prices and mortgage rates, affordability is still a big challenge. And some buyers are making one simple trade-off that’s getting them in the door faster: square footage.According to the National Association of Home Builders (NAHB), 35% of buyers are willing to purchase something smaller to make homeownership happen. And one place you can usually find a smaller footprint (and sometimes better affordability) is in townhomes.Why Townhomes Are Gaining PopularityTownhomes typically cost less than single-family homes due...

Here’s What a Recession Could Mean for the Housing Market

Written by Fort Pierce Mortgage Syndicated User on April 2, 2025. Posted in For Buyers, For Sellers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Home Prices.

Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession.Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s.A Recession Doesn’t Mean Home Prices Will FallMany people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since.In fact,...

Paused Your Moving Plans? Here’s Why It Might Be Time To Hit Play Again

Written by Fort Pierce Mortgage Syndicated User on April 1, 2025. Posted in For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Inventory.

Last year, 70% of buyers abandoned their home search – and maybe you were one of them. It makes sense. Inventory was low, prices were high, and mortgage rates were up and down like a rollercoaster. All of that made it really hard to find a home you loved – and could afford.But guess what? The market is shifting.So, if you paused your moving plans in 2024, it might be time to hit play again. Here’s why.More Inventory Opens Up More OptionsEven if you could make the numbers work, the lack of available homes in recent years probably made it hard to come by something that fit your needs. But...

National Housing Trends To Watch

Written by Fort Pierce Mortgage Syndicated User on March 29, 2025. Posted in Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates, Home Prices, Infographics, Inventory.

Some HighlightsAt a national level, the housing market has shifted over the past year.There are more homes for sale, price growth has moderated, and homes are taking a little longer to sell.Do you want to know how your area compares? Connect with a real estate agent to go over what’s happening locally and what this means for you.

Buyers Have More Negotiation Power – Here’s How To Use It

Written by Fort Pierce Mortgage Syndicated User on March 28, 2025. Posted in Agent Value, Buying Tips, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates.

You may have heard there are more homes for sale right now. And while that’ll vary depending on the market, it means that overall, things are starting to lean in a more balanced direction. As that happens, some sellers are a bit more open to compromise. Here’s what that means for you.You may be regaining some negotiating power. That can translate into savings, perks, or even better terms on your purchase – if you know what levers to pull during negotiation.Why an Agent Is an Essential Part of the Negotiation ProcessThe complicated part is knowing what is and isn’t on the table. That’s where...

Why Pre-Approval Is More Important Than Ever This Spring

Written by Fort Pierce Mortgage Syndicated User on March 27, 2025. Posted in Buying Tips, For Buyers, Fort Pierce Condo Financing, Fort Pierce Mortgage, Fort Pierce Mortgage Rates.

Spring is here, and so is the busiest season in real estate. More buyers are out looking for homes, which means more competition for you. If you want to put yourself in the best position to buy, there’s one step you can’t afford to skip, and that’s getting pre-approved for a mortgage.Some buyers think they can wait until they’ve found a home they love before talking to a lender. But in a season where homes can sell fast, that’s a risky move. Getting pre-approved before you start your search is a much better bet.Here’s what you need to know about this early step in the buying process.What Is...

Category: Fort Pierce Mortgage