Balancing Your Wants and Needs as a Homebuyer This Spring

Written by St. Petersburg Mortgage Syndicated User on March 16, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Mortgage St. Petersburg, Move-Up Buyers, St. Petersburg, St. Petersburg Mortgage.

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: “While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”The current housing shortage has an impact on how you search for a home this spring. With limited options on...

An Expert Gives You Clarity in Today’s Housing Market

Written by St. Petersburg Mortgage Syndicated User on March 15, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Mortgage St. Petersburg, Move-Up Buyers, Selling Myths, St. Petersburg, St. Petersburg Mortgage.

The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process.A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide clarity like that is critical right now. Jay Thompson, Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry....

Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Written by St. Petersburg Mortgage Syndicated User on March 11, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Mortgage St. Petersburg, Rent vs. Buy, St. Petersburg, St. Petersburg Mortgage.

4 Tips for Making Your Best Offer on a Home

Written by St. Petersburg Mortgage Syndicated User on March 10, 2023. Posted in First Time Home Buyers, For Buyers, Mortgage St. Petersburg, Move-Up Buyers, St. Petersburg, St. Petersburg Mortgage.

Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to make your best offer.1. Lean on a Real Estate ProfessionalRely on an agent who can support your goals. As Bankrate notes:“. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It...

Could a Multigenerational Home Be the Right Fit for You?

Written by St. Petersburg Mortgage Syndicated User on March 8, 2023. Posted in Baby Boomers, Demographics, First Time Home Buyers, For Buyers, Millennials, Mortgage St. Petersburg, Move-Up Buyers, St. Petersburg, St. Petersburg Mortgage.

During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR):“Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members. While this is not a new concept of living, it is one which has gained recent popularity.”And citing data from Pew...

Is It Really Better To Rent Than To Own a Home Right Now?

Written by St. Petersburg Mortgage Syndicated User on March 7, 2023. Posted in First Time Home Buyers, For Buyers, Mortgage St. Petersburg, Move-Up Buyers, St. Petersburg, St. Petersburg Mortgage.

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

What You Should Know About Rising Mortgage Rates

Written by St. Petersburg Mortgage Syndicated User on March 1, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage St. Petersburg, Move-Up Buyers, St. Petersburg, St. Petersburg Mortgage.

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

One Major Benefit of Investing in a Home

Written by St. Petersburg Mortgage Syndicated User on February 28, 2023. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage St. Petersburg, Move-Up Buyers, St. Petersburg, St. Petersburg Mortgage.

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:

How To Make Your Dream of Homeownership a Reality

Written by St. Petersburg Mortgage Syndicated User on February 24, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage St. Petersburg, Move-Up Buyers, St. Petersburg, St. Petersburg Mortgage.

According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.

A Smaller Home Could Be Your Best Option

Written by St. Petersburg Mortgage Syndicated User on February 23, 2023. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, Mortgage St. Petersburg, St. Petersburg, St. Petersburg Mortgage.

Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore. Jessica Lautz, Deputy Chief Economist and Vice President of Research at the National Association of Realtors (NAR), says:

Category: For Buyers