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Homeownership: The Heart of the American Dream

Written by Nokomis Mortgage Syndicated User on July 5, 2024. Posted in Buying Tips, Equity, For Buyers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Everyone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity — values closely tied to having your own home and the iconic feeling of achieving the American Dream.A recent survey by Bankrate reveals exactly that: homeownership is still a part of the American Dream. The results show, at 78%, that owning a home tops the list, surpassing other significant milestones such as retirement, having a successful career, and more (see below):So, why is buying a home important to so many today? One reason is the financial and physical...

Real Estate Still Holds the Title of Best Long-Term Investment

Written by Nokomis Mortgage Syndicated User on July 3, 2024. Posted in Buying Tips, For Buyers, Home Prices, Mortgage Rates, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:But why does real...

The Difference Between an Inspection and an Appraisal

Written by Nokomis Mortgage Syndicated User on June 28, 2024. Posted in Buying Tips, For Buyers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer.Home InspectionOnce you’re under contract on a home you’d like to buy, getting an inspection is a key part of the process. An inspection gives you a clear idea of the safety and overall condition of the home – which is important for such a big...

Focus on Time in the Market, Not Timing the Market

Written by Nokomis Mortgage Syndicated User on June 27, 2024. Posted in Economy, For Buyers, Home Prices, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market. The Downside of Trying To Time the Market Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while...

Housing Market Forecast: What’s Ahead for the 2nd Half of 2024

Written by Nokomis Mortgage Syndicated User on June 25, 2024. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Inventory, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.Home Prices Are Expected To Climb ModeratelyHome prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:The reason for continued appreciation? The supply of homes for sale. Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), explains:“One thing that seems to be pretty solid is that home prices are going to continue to go up, and the...

Why a Vacation Home Is the Ultimate Summer Upgrade

Written by Nokomis Mortgage Syndicated User on June 21, 2024. Posted in Buying Tips, For Buyers, Luxury / Vacation, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you.An Ameriprise Financial survey sheds light on why people buy a second, or vacation, home (see below): Vacation destination or a place to get away from the stresses of everyday life (81%) – Having a second home to use as a vacation spot can be a special place where you go to relax and take a break from your daily...

What You Need To Know About Today’s Down Payment Programs

Written by Nokomis Mortgage Syndicated User on June 20, 2024. Posted in Buying Tips, First-Time Buyers, For Buyers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

There’s no denying it’s gotten more challenging to buy a home, especially with today’s mortgage rates and home price appreciation. And that may be one of the big reasons you’re eager to look into grants and assistance programs to see if there’s anything you qualify for that can help. But unfortunately, many homebuyers feel like they don’t know where to start. A recent Bank of America Institute study asked prospective buyers where they lack confidence in the process and need more information. And this is what topped the list:53% said they need help understanding homebuying...

Do Elections Impact the Housing Market?

Written by Nokomis Mortgage Syndicated User on June 18, 2024. Posted in For Buyers, For Sellers, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event might impact your plans.Historically, Presidential elections have only had a small, temporary impact on the housing market. Here’s the latest on exactly what’s happened to home sales, prices, and mortgage rates throughout those time periods.Home SalesDuring the...

Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]

Written by Nokomis Mortgage Syndicated User on June 15, 2024. Posted in Equity, For Buyers, Infographics, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates, Rent vs. Buy.

Some HighlightsAccording to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time. If you’ve been debating if it makes more sense to rent or buy, connect with a real estate agent to talk about why homeownership can be a better bet in the long run.

Homebuilders Aren’t Overbuilding, They’re Catching Up

Written by Nokomis Mortgage Syndicated User on June 14, 2024. Posted in For Buyers, Inventory, Nokomis FL Condo Mortgage, Nokomis FL Mortgage, Nokomis FL Mortgage Rates.

You may have heard that there are more brand-new homes available right now than the norm. Today, about one in three homes on the market are newly built. And if you’re wondering what that means for the housing market and for your own move, here’s what you need to know.Why This Isn’t Like 2008People remember what happened to the housing market back in 2008. And one of the factors that contributed to that crash was that there were too many homes for sale. While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear new...

Category: For Buyers