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SOURCE:KCM #ForSellers #Infographics #SimardRealtyGroup #RealBrokerLLC
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When you #rent, the price you pay for housing increases each year. That isn’t the case when you buy a home since you can lock in your monthly housing cost for the life of your loan. DM me today if you’re looking to escape the cycle of rising rents.
#risingrent#realestate#homeownership#homebuying#realestategoals#instahouse #instahome#instarealtor#affordability#firsttimehomebuye#realestatemarket #realestateagency#keepingcurrentmatters The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program:
“The objective of the VA Home Loan Guaranty program is to help eligible Veterans, active-duty personnel, surviving spouses, and members of the Reserves and National Guard purchase, retain, and adapt homes in recognition of their service. . . .” For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes. 2020 Data on VA Home Loans
Top Benefits of the VA Home Loan ProgramAs we reflect on their sacrifice and honor our nation’s veterans, it’s important to ensure all veterans know the full extent of benefits VA home loans offer. As Jeff London, Director of the VA Home Loan Program, says: “VA loans offer an extraordinary opportunity for veterans because of lower interest rates, lower monthly payments, no or low-down payments, and no private mortgage insurance.” Those who qualify for a VA home loan are eligible for the following:
One way we can honor and thank our veterans this year is to ensure they have the best information about the benefits of VA home loans. Homeownership is the American Dream. Our veterans sacrifice so much in service to our nation and deserve to achieve their homeownership goals. Thank you for your service. SOURCE:KCM #BuyingMyths #DownPayments #ForBuyers #SimardRealtyGroup #RealBrokerLLC Waiting for the right time to sell? With the average house receiving nearly 4 offers, listing yours this fall means it has a great chance to get noticed by competing buyers. DM me today so we can discuss how your house can truly stand out in today’s market.
#buyerdemand #sellyourhouse #moveuphome #dreamhome #realestate #homeownership #realestategoals #realestatetipsandadvice #downsizing #locationlocationlocation #newlisting #homeforsale #keepingcurrentmatters Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months (see graph below): The increase in the rate of appreciation that’s shown by CoreLogic coincides with data from the other two main home price indices: the FHFA Home Price Index and the S&P Case Shiller Index. The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity. What’s happening with home prices right now? All three indices mentioned above also show that while appreciation is in the high double digits right now, that price acceleration is beginning to level off (see graph below): Year-over-year appreciation is still close to 20%, but it’s clearly plateauing at that rate. Many experts believe it will drop below 15% by the end of the year. Keep in mind, that doesn’t mean home values will depreciate. It means the rate of appreciation will slow, yet stay well above the 25-year average of 5.1%. What about next year? The recent surge in prices is the result of heavy buyer demand and a shortage of homes available for sale. Most experts believe that as more housing inventory comes to market (both new construction and existing homes), the supply and demand for housing will come more into balance. That balance will bring a lower rate of appreciation in 2022. Here’s a look at home price forecasts from six major entities, and they all project future appreciation: While the projected rate of appreciation varies among the experts, due to things like supply chain challenges, virus variants, and more, it’s clear that home values will continue to appreciate next year.
Bottom Line There have been historic levels of home price appreciation over the last year. That pace will slow as we finish 2021 and enter into 2022. Prices will still rise in value, just at a much more moderate pace, which is good news for the housing market. SOURCE:KCM #ForBuyers#ForSellers#HousingMarketUpdates#Pricing#SimardRealtyGroup#RealBrokerLLC Our homes mean more to us now than ever before. For more than a year, they’ve served as our offices, our gyms, our schools, and our safe spaces to gather. Remember: you’re not looking for a house to buy, you’re looking for the place you’ll call home. DM me today so we can discuss how to make your home dreams come true.
#homesweethome #homeownerpride #firsttimehomebuyer #homeownership #opportunity #househunting #inspiration #mindovermatter #motivation #dreamhome #starterhome #keepingcurrentmatters In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season.
1. Higher Prices With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer competition drives home prices up. As a seller, this certainly works to your advantage, potentially netting you more for your house when you close the deal. 2. Greater Return on Your Investment Rising prices mean homes are also gaining value, which increases the equity you have in your home. In the latest Homeowner Equity Insights Report, CoreLogic explains: “In the second quarter of 2021, the average homeowner gained approximately $51,500 in equity during the past year.” This year-over-year growth in equity gives you the ability to sell your house and then put that money toward a down payment on your next home, or to keep it as extra savings. 3. Better Terms In a sellers’ market like we have today, you’re in the driver’s seat if you make a move. You have the power to sell on your terms, and buyers are more likely to work with you if it means they can finally land their dream home. So, is low housing inventory a big deal?Yes, especially if you want to sell on your terms. Moving now while inventory is so low is key to maximizing your opportunities. Bottom Line If you’re interested in taking advantage of the current sellers’ market, contact a local real estate professional today to determine your best move. SOURCE : KCM #ForSellers #HousingMarketUpdates #Pricing #SimardRealtyGroup #RealBrokerLLC With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great OpportunityBuyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective. The graph below shows today’s rate in comparison to average rates over the last five years: As the graph shows, even though today’s rate is above 3%, it’s still incredibly competitive. But today’s rate isn’t just low when compared to the most recent years. To truly put today into perspective, let’s look at the last 50 years (see graph below): When we look back even further, we can see that today’s rate is truly outstanding by comparison.
What Does That Mean for You? Being upset that you missed out on sub-3% mortgage rates is understandable. But it’s important to realize, buying now still makes sense as experts project rates will continue to rise. And as rates rise, it will cost more to purchase a home. As Mark Fleming, Chief Economist at First American, explains: “Rising mortgage rates, all else equal, will diminish house-buying power, meaning it will cost more per month for a borrower to buy ‘their same home.’” In other words, the longer you wait, the more it will cost you. Bottom Line While it’s true today’s average mortgage rate is higher than just a few months ago, 3% mortgage rates shouldn’t deter you from your homebuying goals. Historically, today’s rate is still low. And since rates are expected to continue rising, buying now could save you money in the long run. Contact a local real estate professional so you can lock in a great rate now. SOURCE KCM #FirstTimeHomeBuyers #ForBuyers #HousingMarketUpdates #InterestRates #MoveUpBuyers #SimardRealtyGroup #RealBrokerLLC #Winning in today’s real estate market is all about finding every advantage you can. Working with an expert agent who knows the market and how to write a winning offer can be your key to victory. DM me today so we can strategize how to craft your best offer.
#househunting #firsttimehomebuyer #winningoffer #opportunity #housingmarket #homegoals #houseshopping #housegoals #locationlocationlocation #expertanswers #stayinformed #staycurrent #powerfuldecisions #keepingcurrentmatters Some Highlights
SOURCE KCM #ForSellers #HousingMarketUpdates #SellingMyths #SimardRealtyGroup #RealBrokerLLC |
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