#buyingpower

Matt Klinowski aka Naples Golf Guy | Downing Frye Realty Here's to living the good life in paradise, Matt

Stop being afraid of change! Step out on Faith! Call me! 1-770-878-8030 / reginaldnolen.com / [email protected] / #Inspiration #2018 #Motivation #RealEstate #Entrepreneur #Business #BusinessWoman #Leader #creditrepair #creditrestoration #repair #restore #fixyourcredit #financialfreedom #fixmycredit #money #creditexpert #credithelp #credit #finance #cleancredit #creditfix #creditscore #buyingpower #mortgage #realtor #financial #freedom#jesus#lord

If you put your search on hold when mortgage rates were higher, think about how much you could save now that rates are coming down. Let’s connect for more information.

Supply and demand are two key factors that impact home prices. And right now, we have a limited supply of homes for sale and a lot of active buyers. That’s why home prices are back on the rise nationally. If you want to know what’s happening with home prices in our area, DM me today.

Why Today’s ARMs Aren’t Like the Ones in 2008 To put things into perspective, let’s remember these aren’t like the ARMs that became popular leading up to 2008. Back then, when a buyer got an ARM, banks, and lenders didn’t require proof of their employment, assets, income, etc. Basically, people were getting loans that they shouldn’t have been awarded. This set many homeowners up for trouble because they couldn’t pay back the loans that they never had to qualify for in the first place. This time around, lending standards are different. Banks and lenders learned from the crash, and now they verify income, assets, employment, and more. This means today’s buyers actually have to qualify for their loans and how they’ll be able to repay them. If you’re worried today’s adjustable-rate mortgages are like the ones from the housing crash, rest assured, things are different this time. And, if you’re a first-time homebuyer and you’d like to learn more about lending options that could help you overcome today’s affordability challenges, reach out to a trusted lender

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here’s a closer look at each one. >>1. Mortgage Rates Mortgage rates shot up to over 7% last year, causing many buyers to put their plans on hold. But things are looking different today as rates are starting to come down. Even a small change in rates can impact your purchasing power. If 7% rates paused your homebuying plans last year, this could be the opportunity you need to get back in the game. >>2. Home Prices The second factor at play is home prices. Home prices have made headlines over the past few years because they skyrocketed during the pandemic. So, while prices will likely be flat this year in some markets, others could see small gains or slight declines. It all depends on your local area. >>3. Wages The final component in the affordability equation is wages. Because wages have been rising, many buyers have renewed opportunity in the market. While affordability hurdles are not completely going away this year, based on current trends and projections, 2023 should bring some sense of relief to homebuyers who have faced growing challenges. If you have questions, DM me to explore your options. You may be closer to owning a home than you think. #expertanswers #purchasingpower #buyingpower #homepriceappreciation #affordability #realestate #homevalues #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters (at Destin, Florida) https://www.instagram.com/p/CoAtNjNOVaj/?igshid=NGJjMDIxMWI=

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon. Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. So, is now the right time to buy a home? Anyone thinking about buying a home today should ask themselves two questions: >>1. Where Do I Think Home Prices Are Heading? There are two places to turn to answer this question. First is the consensus of what experts are saying. If you look at what experts are projecting for home prices in 2023, they’re forecasting home price appreciation around 2%. While it’s true some are calling for depreciation, most are calling for appreciation in home values over the next year. The second spot to turn to for information is the Home Price Expectation Survey from Pulsenomics – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists. According to the latest release, the experts surveyed are also calling for home price appreciation for the next several years. >>2. Where Do I Think Interest Rates Are Heading? The instability in the world and higher inflation are driving this volatile market, resulting in higher borrowing rates for those looking to buy homes. Plus, the alternative is to rent, but rents are also increasing. That may mean buying a home makes more sense than renting. #expertanswers #purchasingpower #buyingpower #homepriceappreciation #affordability #realestate #homevalues #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters (at Destin, Florida) https://www.instagram.com/p/CjnMD_1u8M6/?igshid=NGJjMDIxMWI=

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge is that it can be hard to understand what experts are saying when the words they use sound similar. Let’s break down the differences among those terms to help clarify what’s actually happening today. • Appreciation is when home prices increase. • Depreciation is when home prices decrease. • Deceleration is when home prices continue to appreciate, but at a slower or more moderate pace. Experts agree that, nationally, what we’re seeing today is deceleration. That means home prices are appreciating, just not at the record-breaking pace they have over the past year. In 2021, data from CoreLogic tells us home prices appreciated by an average of 15% nationwide. And earlier this year, that appreciation was upward of 20%. This year, experts forecast home prices will appreciate at a decelerated pace of around 10 to 11%, on average. The big takeaway is home prices haven’t fallen or depreciated nationwide, they’re just decelerating or moderating. While some unique and overheated markets may see declines, nationally, home prices are forecast to appreciate. And when we look at the country as a whole, none of the experts project home prices will net depreciate or fall. They’re all projecting ongoing appreciation. If you have questions about what’s happening with home prices today, DM me and let's connect #expertanswers #purchasingpower #buyingpower #homepriceappreciation #affordability #realestate #homevalues #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters (at Destin, Florida) https://www.instagram.com/p/CiBqdmVOvvD/?igshid=NGJjMDIxMWI=