While existing homeowners benefit from home equity, it’s still a tough landscape for everyone, especially first-time buyers. The good news? Slower price appreciation and lower mortgage rates are on the horizon, bringing hope for those ready to step into homeownership. Check out the latest Existing-Home Sales Outlook Report: https://firstam.us/3LxjTM6 #FirstAmEcon #RealEstate #Housing
First American Title’s Post
More Relevant Posts
-
🏠📉 Great news for home buyers! Mortgage rates continue to decline, reaching 6.87% this week. This decrease could mean lower borrowing costs and potential benefits for you. However, it's important to remember that rates are likely to remain well above the 3.5% to 5% range that prevailed before the pandemic. 📊🔑 As your trusted real estate partner, I'm here to guide you through these changes and help you secure the best deal possible. Let's turn your dream of homeownership into reality! 💪🏡 Source: Realtor Research Articles. Read more here: https://lnkd.in/gDZbsAp6 #RealEstateNews #MortgageRates #HomeBuying #YourGoToGuy
To view or add a comment, sign in
-
-
Homeownership barriers: Systemic barriers to homeownership, such as high prices and spiking mortgage rates, contribute to the long-term renter trend. Few buyers can afford homes and existing owners are reluctant to sell. Consensus expectations suggest mortgage rates will ease in 2024 but won't significantly impact the for-sale market. #multifamilyrealestate #realestateinvesting #physicianinvesting #multifamillysyndication #realestate #multifamilyinvesting #investingforbeginners #physicianinvestments
To view or add a comment, sign in
-
-
Is homeownership becoming more affordable? Here's a look at the latest data on mortgage rates, home prices, and wages. #HomeAffordability #RealEstateMarket #MortgageRates Click Here to Read the Blog - https://lnkd.in/gkjMUy6v
To view or add a comment, sign in
-
-
Alright alright, December stats are in! Home prices increased by 2.3% in 2023 with similar expectations for the next three years. With mortgage rates dropping (YAY), now is a great time for both homeowners and aspiring buyers to consider their goals for 2024. Call me if you’re hoping to make a move or invest in real estate, let’s get an early start and create a plan. Don’t forget to follow my Instagram for more! @soldbykaitrealestate #realestate #realtor #fresnocounty #centralvalleyrealestate #guaranteerealestate
To view or add a comment, sign in
-
-
Dad, Husband, Mortgage Advisor at Motto Mortgage. Helping you achieve homeownership without financial Jargon.
The average 30-year Mortgage Rate in the United States per decade: 1970s: 8.9% 1980s: 12.7% 1990s: 8.1% 2000s: 6.3% 2010s: 4.1% 2020s: 4.6% --- All-Time Low (Jan 2021): 2.65% 2023 Peak (Oct 2023): 7.79% What do you think will happen when rates begin to drop? Will home prices go up or down? Share your thoughts in the comments below! #homebuying #interestrates #homeaffordability #housing
To view or add a comment, sign in
-
-
Real Estate Agent and Advisor / I help families smoothly and successfully navigate the process of buying and selling
🏠 Unlocking Homeownership Opportunities! Are you keeping an eye on the housing market? Mortgage rates are increasing, and some experts predict they might dip below 6% later this year. This article delves into the dynamics of mortgage rates and what they mean for potential home buyers. This insight is crucial, whether you’re a first-timer or a seasoned homeowner. Lynsie Gridley, REALTOR® Gridley Group DRE#01349340 Compass 📞408-314-1315 #DRE01349340 #Compass #REALTOR® #GridleyGroupRealEstate #Homeownership #MortgageRates #RealEstateInsights #FinancialFreedom #SmartInvestment
To view or add a comment, sign in
-
***BLUNK HOME TEAM NEWS*** Good news for buyers - more homes are expected to hit the market in 2024 than in 2023. That’s because as mortgage rates decrease, homeowners tied to lower rates may be more willing to make a move. More homes on the market means more options for you. For local insights on our 2024 housing market trends, DM me today. #mortgagerates #housinginventory
To view or add a comment, sign in
-
-
What's in store for mortgage rates? Right now, they're above 7%. U.S. housing affordability is at its lowest point since 1989, according to the National Association of Realtors. Do you agree? Comment below 👇 #HousingMarket #MortgageTips #HousingTrends #AlternativeInvestments #HousingCrisis #TSGInvest
To view or add a comment, sign in
-
-
Last year was a tough one for U.S. home buyers. But the year ahead is looking brighter! Mortgage rates should finally be headed down. Lower rates will go a long way toward making homeownership more affordable. Record-high price appreciation has slowed. The crazy price hikes are over; home values should remain relatively stable in 2024. Lower demand is giving buyers more bargaining power. With fewer buyers making offers, there’s more incentive for sellers to negotiate. Check out our latest blog post to learn how buyers can make the most of the 2024 real estate market! https://lnkd.in/gCvXjNfn #realestate #realestateagent #homebuyertips #firsttimehomebuyer #realestateforecast #FairOaksRealtor #FairOaksRealEstate #SacramentoRealEstate #ExperienceMatters
To view or add a comment, sign in
-
-
Realtor® RE/MAX Premier Realty, RE/MAX Hall of Fame, Top 5% of Realtors Association of Lake & Sumter County
People Are Still Moving, Even with Today’s Affordability Challenges If you're thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising. That much is true. According to NAR, based on the pace of sales right now, just under 4 million homes will sell this year. With some simple math, let’s break down what that really means for you: • 3.96 million homes divided by 365 days in a year = 10,849 houses sell each day • 10,849 divided by 24... #realestate #homeownership #homebuying Let's discuss your real estate needs 352-355-7982
People Are Still Moving, Even with Today’s Affordability Challenges
simplifyingthemarket.com
To view or add a comment, sign in