As we approach 2025, staying informed about the projected trends in the housing market is crucial, whether you’re planning to buy or sell a home in the coming year. Having a clear understanding of expert forecasts can guide your decisions and help you navigate the market with confidence. Below, we delve into the latest projections… [Read more…]
Why Increased Housing Inventory is a Win for Today’s Homebuyers
In recent months, the real estate market has seen a notable shift: the supply of homes for sale has grown significantly. For prospective buyers, this increase in inventory presents a unique opportunity. Whether you’re a first-time homebuyer or looking to upgrade, here’s what this growth in supply means for you: 1. More Options for… [Read more…]
3 Compelling Reasons to Act in Today’s Market
The real estate market is constantly evolving, and in today’s shifting landscape, you might be wondering if now is the right time to buy a home. While market conditions can often feel unpredictable, there are compelling reasons why this fall presents a unique opportunity for homebuyers. Here’s why you should consider making your move today:… [Read more…]
Impact of Presidential Elections in the Housing Market
As the presidential election season heats up, many prospective homebuyers, sellers, and real estate professionals start wondering: will the upcoming election shake up the housing market? This is a common concern, but history and data provide some reassuring insights. A Temporary Slowdown in Home Sales Historically, home sales tend to experience a slight slowdown… [Read more…]
How the recent Bank Failures Affect the Mortgage Rates and You!
Are you in the market for a new home or thinking about refinancing your current mortgage? Then you need to know what’s going on with mortgage rates. What’s Going On With Mortgage Rates? In the past, mortgage rates have followed the 10-year U.S. Treasury yield. However, recent instability in the banking sector has caused many… [Read more…]
How the Housing Shortage is Affecting Vero Beach Real Estate Prices
The housing market is in a state of flux, with prices fluctuating wildly in different areas. However, one factor that is helping to keep home prices from crashing is the current housing shortage. This phenomenon is particularly evident in Vero Beach, where demand for housing is outstripping supply. Watch the following short video to explain… [Read more…]
The Future of Home Prices in Vero Beach for 2023: Insights and Considerations
In recent times, the trajectory of home prices nationally and as an extension in Vero Beach, has become a subject of intense discussion. Various predictions have been put forth, ranging from a massive decline in prices reminiscent of the 2008 crisis – which has not occurred – to regional appreciation or depreciation depending on the… [Read more…]
2023 Mortgage Market Outlook (And What The Experts Say)
Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both… [Read more…]
2023 Housing Market Forecast
Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES)… [Read more…]
Don’t Be Afraid of Today’s Vero Beach Housing Market
Although the national housing market is changing, Vero Beach market remains resilient despite the economic headwinds. As the headline indicates, you should not be afraid of today’s Vero Beach housing market. Buying or selling a Vero Beach home doesn’t need to be scary. While there are still challenges today such as High Inflation, Rising Mortgage… [Read more…]