Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and ... Continue Reading » about Think Twice Before Waiting for 3% Mortgage Rates
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The Top Reasons for Selling Your House
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current ... Continue Reading » about The Top Reasons for Selling Your House
Discover the Allure of Palmetto, Florida: Top Reasons Why People Are Relocating
Introduction: Palmetto, Florida, is a hidden gem nestled along the picturesque Gulf Coast, offering a blend of natural beauty, cultural richness, and a relaxed coastal lifestyle. In recent years, an increasing number of people have chosen to make Palmetto their new home. In this SEO-optimized ... Continue Reading » about Discover the Allure of Palmetto, Florida: Top Reasons Why People Are Relocating
The Two Big Issues the Housing Market’s Facing Right Now
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: ... Continue Reading » about The Two Big Issues the Housing Market’s Facing Right Now
Why It’s Easy To Fall in Love with Homeownership
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: Owning a home brings personal benefits that don't change with the market, like comfort, a sense of attachment and a space that is truly yours. Owning also builds your net worth over time, whether you are buying a ... Continue Reading » about Why It’s Easy To Fall in Love with Homeownership
What You Should Know About Closing Costs
By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)Quick answer: Closing costs are the collection of fees and payments involved in buying a home, such as recording costs, appraisal, credit report, lender origination, title services, survey, attorney and underwriting fees. ... Continue Reading » about What You Should Know About Closing Costs