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Tag: #hudsonflcondotelfinancing

Mortgage Rates Are Dropping. What Does That Mean for You?

Written by Hudson FL Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Hudson FL Condo Financing, Hudson FL Mortgage, Hudson FL Mortgage Rates, Interest Rates, Move-Up Buyers.

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying: “Mortgage rates dropped even further this week as two main factors affecting today’s mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a...

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Homeowners Still Have Positive Equity Gains over the Past 12 Months

Written by Hudson FL Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Hudson FL Condo Financing, Hudson FL Mortgage, Hudson FL Mortgage Rates, Pricing.

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially. And while home price appreciation has moderated this year, and even depreciated slightly in some overheated markets, that...

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What To Expect From the Housing Market in 2023

Written by Hudson FL Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Hudson FL Condo Financing, Hudson FL Mortgage, Hudson FL Mortgage Rates, Interest Rates, Pricing.

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on buyer activity, the balance between supply and demand, and ultimately home prices. And as all those things changed, some buyers and sellers put their plans on hold and decided to wait until the market felt a bit more...

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You May Have More Negotiation Power When You Buy a Home Today

Written by Hudson FL Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Hudson FL Condo Financing, Hudson FL Mortgage, Hudson FL Mortgage Rates, Move-Up Buyers.

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other buyers. And with less competition comes more opportunity. Here are two trends that may be the news you need to reenter the market. 1. The Return of Contingencies Over the last two years, more buyers were willing to skip important steps in the homebuying process, like the...

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