Why You Should Consider Condos as Part of Your Home Search

Written by Clearwater Mortgage Syndicated User on September 29, 2022. Posted in Clearwater, Clearwater FL Mortgage, Clearwater Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Clearwater.

The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The inventory of homes for sale has increased this year, and that’s giving buyers much needed options. As Danielle Hale, Chief Economist at realtor.com, says: “. . . today’s shoppers have more than 5 homes to consider for every 4 they had at this time a year ago.” But perspective is important. Overall, housing...

How an Expert Can Help You Understand Inflation & Mortgage Rates

Written by Clearwater Mortgage Syndicated User on September 28, 2022. Posted in Clearwater, Clearwater FL Mortgage, Clearwater Mortgage, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Clearwater.

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home. While the Federal Reserve is working hard to lower inflation, the August data shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations...

The True Strength of Homeowners Today

Written by Clearwater Mortgage Syndicated User on September 27, 2022. Posted in Clearwater, Clearwater FL Mortgage, Clearwater Mortgage, For Buyers, For Sellers, Housing Market Updates, Mortgage Clearwater.

The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history. Recently Odeta Kushi, Deputy Chief Economist at First American, answered that question when she said: “U.S. households own $41 trillion in owner-occupied real estate, just over $12...

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