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Category: Housing Market Updates

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Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

Written by Gulf Breeze Mortgage Syndicated User on . Posted in For Sellers, Gulf Breeze Mortgage, Housing Market Updates, Mortgage Gulf Breeze.

The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.

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How Experts Can Help Close the Gap in Today’s Homeownership Rate

Written by Gulf Breeze Mortgage Syndicated User on . Posted in Demographics, First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Housing Market Updates, Mortgage Gulf Breeze, Move-Up Buyers.

As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse homebuyers to work with the right real estate experts.

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Why It Makes Sense To Move Before Spring

Written by Gulf Breeze Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Housing Market Updates, Mortgage Gulf Breeze, Move-Up Buyers.

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

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Why You Shouldn’t Fear Today’s Foreclosure Headlines

Written by Gulf Breeze Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Foreclosures, Gulf Breeze Mortgage, Housing Market Updates, Mortgage Gulf Breeze.

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.According to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure...

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The 3 Factors That Affect Home Affordability

Written by Gulf Breeze Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Gulf Breeze Mortgage, Housing Market Updates, Interest Rates, Mortgage Gulf Breeze, Move-Up Buyers, Pricing.

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. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

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