Investors Are Not Buying Up All the Homes

Written by Navarre Mortgage Mortgage Syndicated User on November 30, 2024. Posted in Economy, For Buyers, Infographics, Mortgage Navarre FL, Navarre Mortgage.

Some HighlightsThere’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.?Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.?

What’s Behind Today’s Mortgage Rate Volatility?

Written by Navarre Mortgage Mortgage Syndicated User on November 21, 2024. Posted in Agent Value, Economy, Mortgage Navarre FL, Mortgage Rates, Navarre Mortgage.

If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So, what’s driving this constant change? Let’s dive into just a few of the major reasons why we’re seeing so much volatility, and what it means for you.The Market’s Reaction to the ElectionA significant factor causing fluctuations in mortgage rates is the general reaction to the political landscape. Election seasons often bring uncertainty to financial markets, and this one is no different. Markets tend to respond not only to who won,...

Is Wall Street Really Buying All the Homes?

Written by Navarre Mortgage Mortgage Syndicated User on November 20, 2024. Posted in Economy, For Buyers, Mortgage Navarre FL, Navarre Mortgage.

Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight.But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part:Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big investors.So,...

What To Look For From This Week’s Fed Meeting

Written by Navarre Mortgage Mortgage Syndicated User on November 7, 2024. Posted in Economy, Mortgage Navarre FL, Mortgage Rates, Navarre Mortgage.

You may be hearing a lot of talk about the Federal Reserve (the Fed) and how their actions will impact the housing market right now. Here’s why.The Fed meets again this week to decide the next step with the Federal Funds Rate. That’s how much it costs banks to borrow from each other. Now, that’s not the same thing as setting mortgage rates, but mortgage rates can be influenced through this process. And if you’re thinking about buying or selling a home, you may be wondering about the downstream impact and when mortgage rates will come down.Here’s a quick rundown of what you need to know...

Q&A: How Do Presidential Elections Impact the Housing Market?

Written by Navarre Mortgage Mortgage Syndicated User on November 2, 2024. Posted in Economy, Home Prices, Infographics, Mortgage Navarre FL, Mortgage Rates, Navarre Mortgage.

Some HighlightsEven if you’re not looking to move right away, you may have questions about how the election will impact the housing market.When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.The facts show Presidential elections only have a small and temporary impact on the housing market.

Why Home Sales Bounce Back After Presidential Elections

Written by Navarre Mortgage Mortgage Syndicated User on October 30, 2024. Posted in Economy, For Buyers, For Sellers, Home Prices, Mortgage Navarre FL, Navarre Mortgage.

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern...

Why Today’s Foreclosure Numbers Won’t Trigger a Crash

Written by Navarre Mortgage Mortgage Syndicated User on October 25, 2024. Posted in Economy, Foreclosures, Mortgage Navarre FL, Navarre Mortgage.

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market. Many people are concerned that high prices and tighter budgets could cause more homeowners to fall behind on their mortgage payments, leading to a wave of foreclosures.But before you start worrying about a housing market crash, here’s a look at what’s really happening. And the good news is: the latest foreclosure data shows there’s no wave on the horizon.How Today’s Market Is Different from 2008Let’s ease those fears by looking at the bigger picture. The graph below...

Two Reasons Why the Housing Market Won’t Crash

Written by Navarre Mortgage Mortgage Syndicated User on October 10, 2024. Posted in Economy, Inventory, Mortgage Navarre FL, Navarre Mortgage.

You may have heard chatter recently about the economy and talk about a possible recession. It’s no surprise that kind of noise gets some people worried about a housing market crash. Maybe you’re one of them. But here’s the good news – there’s no need to panic. The housing market is not set up for a crash right now.Real estate journalist Michele Lerner says:“A housing market crash happens when home values plummet due to a lack of demand for homes or an oversupply.”With that definition in mind, here are two reasons why this just isn’t on the horizon.1. Demand for Homes Is Higher than SupplyOne...

What’s the Impact of Presidential Elections on the Housing Market?

Written by Navarre Mortgage Mortgage Syndicated User on August 28, 2024. Posted in Economy, For Buyers, For Sellers, Home Prices, Inventory, Mortgage Navarre FL, Mortgage Rates, Navarre Mortgage.

It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still a good time to make your move.Here’s the good news that may surprise you: typically, Presidential elections have only had a small, temporary impact on the housing market. But your questions are definitely worth answering,...

Today’s Biggest Housing Market Myths

Written by Navarre Mortgage Mortgage Syndicated User on August 23, 2024. Posted in Buying Tips, Economy, For Buyers, Mortgage Navarre FL, Mortgage Rates, Navarre Mortgage.

Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important.If you partner with a real estate agent, they can clear up some common misconceptions and reassure you by backing them up with research-driven facts. Here are just a few misconceptions they can help disprove.1. I’ll Get a Better Deal Once Prices CrashIf you’ve heard home prices are...

Category: Economy