3 Ways You Can Use Your Home Equity

Written by St. George Island Mortgage Mortgage Syndicated User on November 30, 2022. Posted in For Sellers, Housing Market Updates, Mortgage St. George Island, Move-Up Buyers, St. George Island Mortgage.

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now. As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand...

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

Written by St. George Island Mortgage Mortgage Syndicated User on November 29, 2022. Posted in For Sellers, Housing Market Updates, Millennials, Mortgage St. George Island, St. George Island Mortgage.

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house. 1. While the supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand. As Nadia...

Home Sweet Home: The Emotional Benefits of Homeownership [INFOGRAPHIC]

Written by St. George Island Mortgage Mortgage Syndicated User on November 26, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage St. George Island, Move-Up Buyers, St. George Island Mortgage.

Some Highlights While there are many financial perks to owning a home, there are also powerful non-financial benefits to consider if you’re thinking about making a move. Homeownership allows you to express yourself, gives you greater privacy and comfort, enhances your connection to your community and loved ones, and is an achievement to feel proud of. Let’s connect today to discuss all that homeownership has to offer. Content previously posted on Keeping Current Matters

What Buyers Need To Know About the Inventory of Homes Available for Sale

Written by St. George Island Mortgage Mortgage Syndicated User on November 24, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage St. George Island, Move-Up Buyers, St. George Island Mortgage.

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today than there were at this time last year. According to Calculated Risk, for the week ending in November 18th, there were 47.7% more homes available for sale than there were at the same time in 2021. And having more options for your home search may be exactly what you need to feel...

What Homeowners Want To Know About Selling in Today’s Market

Written by St. George Island Mortgage Mortgage Syndicated User on November 23, 2022. Posted in For Sellers, Housing Market Updates, Mortgage St. George Island, Move-Up Buyers, Selling Myths, St. George Island Mortgage.

If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers may lament that they missed their prime window, in reality, this is still a terrific time to sell. In fact, according to a recent Realtor.com® home seller survey, 95% of sellers who sold their home in the past year got more than they paid for it. Nonetheless,...

Mortgage Rates Will Come Down, It’s Just a Matter of Time

Written by St. George Island Mortgage Mortgage Syndicated User on November 22, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage St. George Island, Move-Up Buyers, St. George Island Mortgage.

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the average rate for financing a home briefly rose over 7% before coming back down into the high 6% range. But we’re starting to see a hint of what mortgage interest rates could look like next year. Inflation Is the Enemy of Long-Term Interest...

Should You Update Your House Before You Sell? Ask a Real Estate Professional. [INFOGRAPHIC]

Written by St. George Island Mortgage Mortgage Syndicated User on November 19, 2022. Posted in For Sellers, Housing Market Updates, Infographics, Mortgage St. George Island, Selling Myths, St. George Island Mortgage.

Some Highlights You may be wondering what needs to be renovated before you sell your house. In today’s shifting market, making your house appealing is more important than ever. That’s why it’s essential to lean on a real estate professional who has in-depth knowledge of today’s housing market. They know what buyers are looking for and how to highlight any upgrades you make. Let’s connect so you know where to focus your efforts so your house will stand out in a today’s market. Content previously posted on Keeping Current Matters

More People Are Finding the Benefits of Multigenerational Households Today

Written by St. George Island Mortgage Mortgage Syndicated User on November 18, 2022. Posted in Baby Boomers, Demographics, For Buyers, Gen Z, Generation X, Millennials, Mortgage St. George Island, St. George Island Mortgage.

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way. Living with Loved Ones Could Help You Achieve Your Homeownership Goals There are several...

Florida Mortgage | Here’s Why We’re Not Headed for a Housing Crash

Written by St. George Island Mortgage Mortgage Syndicated User on November 17, 2022. Posted in Mortgage St. George Island, St. George Island Mortgage.

Florida Mortgage | Here’s Why We’re Not Headed for a Housing Crash | NMLS ID 1834853 Today’s housing market is different than it was in 2008 #floridarealestate #housingmarket2022 #floridahousingmarket

Category: St. George Island Mortgage