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Category: Housing Market Updates

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More Listings Are Coming onto the Market [INFOGRAPHIC]

Written by Daytona Beach Mortgage Syndicated User on . Posted in Daytona Beach Condo Financing, Daytona Beach Mortgage, Daytona Beach Mortgage Rates, For Sellers, Housing Market Updates, Infographics.

Some Highlights Worried you won’t be able to find your next home after you sell? You should know data from realtor.com shows more listings are coming onto the market each month this year. Having additional options can make the search for your next home easier. But inventory is still low overall, which means your house should still stand out when you sell. If your biggest question is where you’ll go if you sell, take this as encouraging news. Let’s connect to start the process today. Content previously posted on Keeping Current Matters

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Why Achieving the Dream of Homeownership Can Be More Difficult for Some Americans

Written by Daytona Beach Mortgage Syndicated User on . Posted in Daytona Beach Condo Financing, Daytona Beach Mortgage, Daytona Beach Mortgage Rates, First Time Home Buyers, For Buyers, Housing Market Updates.

Today we take time to honor and recognize the past and present experiences of Black Americans. When it comes to real estate specifically, equitable access to housing has come a long way, but the path to homeownership is still steeper for households of color. The Gap in Homeownership Rate in America It’s a more challenging journey to achieve homeownership for some buyers, as shown by the measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, Census data shows the lowest homeownership rate persists in the Black community (see graph below): This...

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The Average Homeowner Gained $64K in Equity over the Past Year

Written by Daytona Beach Mortgage Syndicated User on . Posted in Daytona Beach Condo Financing, Daytona Beach Mortgage, Daytona Beach Mortgage Rates, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing.

If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s how it works. Because there’s an ongoing imbalance between the number of homes available for sale and the number of buyers looking to make a purchase, home prices are on the rise. That means your home is worth more in today’s market because it’s in high demand. As Patrick Dodd, President and CEO of CoreLogic, explains: “Price...

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Home Price Deceleration Doesn’t Mean Home Price Depreciation

Written by Daytona Beach Mortgage Syndicated User on . Posted in Daytona Beach Condo Financing, Daytona Beach Mortgage, Daytona Beach Mortgage Rates, For Buyers, For Sellers, Housing Market Updates, Pricing.

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear: Appreciation is when home prices increase. Depreciation is when home prices decrease. Deceleration is when home prices continue to appreciate, but at a slower pace. Where Home Prices Have Been in Recent Years For starters, you’ve probably heard home prices have skyrocketed over...

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