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Showing posts from May, 2024

How Many Homes Are Investors Actually Buying?

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  Are big investors really buying up all the homes today? If you're trying to find a house to buy, this may be something you're wondering about. Maybe you've read about it or seen reels on social media saying investors buying all the homes is making it even harder to find what the average buyer is looking for. But spoiler alert - there's a lot of misinformation out there. To clear things up, here's the scoop on what's really happening. A lot of the big investor activity is actually in the rearview mirror already. The  Wall Street Journal  (WSJ)  explains : "Investors of all sizes spent billions of dollars buying homes during the pandemic. At the 2022 peak, they bought more than one in every four single-family homes sold, though more recently their activity has slowed as interest rates rose and supply became tighter." The key here is investor activity has slowed significantly, and even during the peak of investor buying, 3 out of every 4 single-family h...

Memorial Day Thoughts

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May this Memorial Day find you grateful... ...and leave you inspired.

What is Transferable Flood Insurance...

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...and how will it impact your home purchase? Smart home buyers and sellers look for every possible advantage when negotiating the purchase of a home. What if there were an advantage that would benefit everyone? We've asked the professionals at Barfield Insurance to step in this week to explain how a transferable flood insurance policy makes a home more appealing by significantly reducing buyer costs: It's no secret that the insurance marketplace in Florida can be difficult to navigate. That's why it's important to work with professionals who understand the different tools available for you to use to keep your insurance costs affordable. One of these techniques has to do with the assumption of flood insurance policies. First, some background. All homes are either in a low-risk flood zone or a high-risk flood zone. If you plan to have a mortgage on your home and the home is in a high-risk flood zone, you will be required to purchase a flood insurance policy. When choosin...

Should I Wait for Mortgage Rates To Come Down Before I Move?

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  If you've got a move on your mind, you may be wondering whether you should wait until mortgage rates come down before you spring into action. Here's some information that could help answer that question for you. In the housing market, there's a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you'll see lower buyer demand. That's because some people who want to buy a home will be hesitant to take on a higher mortgage rate. So, they decide to wait it out and put their plans on hold. But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That's because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make their moves happen. The graph below helps give you a visual of how this relationship works and where we are today: As Lisa Sturtevant, Chief Economist for  Bright MLS , explains: "The higher ra...