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…]
Is it a buyers market in Vero Beach Florida?
Is Vero Beach real estate a buyers market now? I have many people who are looking to buy a home in Vero Beach asking me this question lately. We definitely are seeing a shift in real estate market nationally and also here in Vero Beach as the market is cooling in response to the dramatic… [Read more…]
Saving for a Down Payment? Here’s What You Should Know.
As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start. If that sounds like you, your down payment could be more in reach than you originally thought. Here’s why…. [Read more…]
The Journey To Buy a Home [INFOGRAPHIC]
Some Highlights When you head out to buy a home, there are a number of key milestones you’ll encounter along the way. The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more. Your journey starts here. Let’s connect so you have expert guidance each… [Read more…]
Top Reasons Homeowners Are Selling Their Houses Right Now
Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage… [Read more…]