Lower Mortgage Rates Are Bringing Buyers Back to the Market

Written by Pensacola Mortgage Mortgage Syndicated User on February 1, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Pensacola FL, Move-Up Buyers, Pensacola Mortgage.

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Where Will You Go If You Sell? You Have Options.

Written by Pensacola Mortgage Mortgage Syndicated User on January 31, 2023. Posted in For Sellers, Housing Market Updates, Mortgage Pensacola FL, Move-Up Buyers, New Construction, Pensacola Mortgage.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

Written by Pensacola Mortgage Mortgage Syndicated User on January 28, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Pensacola FL, Move-Up Buyers, Pensacola Mortgage, Pricing.

Why It Makes Sense To Move Before Spring

Written by Pensacola Mortgage Mortgage Syndicated User on January 27, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Pensacola FL, Move-Up Buyers, Pensacola Mortgage.

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

The 3 Factors That Affect Home Affordability

Written by Pensacola Mortgage Mortgage Syndicated User on January 25, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Pensacola FL, Move-Up Buyers, Pensacola Mortgage, Pricing.

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

Think Twice Before Waiting for 3% Mortgage Rates

Written by Pensacola Mortgage Mortgage Syndicated User on January 18, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Pensacola FL, Move-Up Buyers, Pensacola Mortgage.

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Written by Pensacola Mortgage Mortgage Syndicated User on January 14, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Mortgage Pensacola FL, Move-Up Buyers, Pensacola Mortgage.

Category: Move-Up Buyers