Life-Changing Events That Move the Housing Market

Written by St. Augustine Beach Mortgage Syndicated User on November 14, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Move-Up Buyers, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering buying or selling a house. That’s because through all these life-altering events, there is one common thread—the need to move.Reasons People Still Need To Move TodayAccording to the National Association of Realtors (NAR) there have been a lot of this type of milestone or life change over the last two years (see graph below): And,...

How VA Loans Can Help Make Homeownership Dreams Come True

Written by St. Augustine Beach Mortgage Syndicated User on November 10, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Move-Up Buyers, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes. If you or someone you care about has served in the military, it’s essential to learn about this program and its advantages.Here are some important things to know about VA loans before you buy a home.The Many Advantages of VA Home LoansVA home loans provide a pathway to homeownership for those who have served our nation, and they’re a great benefit for buyers who qualify. According to the Department of Veteran Affairs:Options for No Down Payment: Qualified borrowers can often purchase...

The Benefits of Buying a Multi-Generational Home [INFOGRAPHIC]

Written by St. Augustine Beach Mortgage Syndicated User on November 4, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Infographics, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

Some HighlightsIf you’re ready to buy a home but are having a hard time affording it on your own, or, if you have aging loved ones you need to care for, you might want to consider a multi-generational home.Living with siblings, parents, and even grandparents can help you save money, give or receive childcare, and spend quality time together.Talk to a local real estate agent to find a home in our area that’s perfect for you and your loved one’s needs.

What Are Accessory Dwelling Units and How Can They Benefit You?

Written by St. Augustine Beach Mortgage Syndicated User on November 2, 2023. Posted in Demographics, For Sellers, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

Maybe you’re in the market for a home and are having a hard time finding the right one that fits your budget. Or perhaps you’re already a homeowner in need of extra income or a place for loved ones. Whether as a potential homebuyer or a homeowner with changing needs, accessory dwelling units, or ADUs for short, may be able to help you reach your goals.What Is an ADU?As AARP says:“An ADU is a small residence that shares a single-family lot with a larger, primary dwelling.”“An ADU is an independent, self-contained living space with a kitchen or kitchenette, bathroom and sleeping area.” “An ADU...

Affordable Homeownership Strategies for Gen Z

Written by St. Augustine Beach Mortgage Syndicated User on October 27, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

The idea of owning a home has always been a big part of the American Dream. It’s a symbol of stability, independence, and having a place to truly call your own. But for Gen Z, the “Zoomers” born between 1997 and 2012, making that dream a reality can feel like quite the challenge today with higher mortgage rates and rising home prices.But achieving that goal of owning your first home can still be attainable, even today, with some strategic planning and resourcefulness.Explore Down Payment Assistance Options With prices rising all around you, it can be hard to save up for a home....

What Are the Real Reasons You Want To Move Right Now?

Written by St. Augustine Beach Mortgage Syndicated User on October 19, 2023. Posted in Demographics, For Sellers, Interest Rates, Selling Myths, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

If you’re considering selling your house right now, it’s likely because something in your life has changed. And while things like mortgage rates play a big role in your decision, you don’t want that to overshadow why you thought about making a move in the first place.It’s true mortgage rates are higher right now, and that has an impact on affordability. As a result, some homeowners are deciding they’ll wait to sell because they don’t want to move and have a higher mortgage rate on their next home.But your lifestyle and your changing needs matter, too. As a recent article from Realtor.com...

How Buying a Multi-Generational Home Helps with Affordability Today

Written by St. Augustine Beach Mortgage Syndicated User on October 18, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

In today’s world of rising housing costs, many buyers are looking for ways to still be able to buy a home. Some of them have found a solution in multi-generational living.Multi-generational living is when two or more adult generations live together under one roof. This includes siblings, parents, or even grandparents. Here’s an in-depth look at why more buyers are choosing this option today, so you can see if it may be right for you too.Reasons To Buy a Multi-Generational HomeAccording to a recent study by the National Association of Realtors (NAR), the top two reasons people are opting...

Are Grandparents Moving To Be Closer to Their Grandkids?

Written by St. Augustine Beach Mortgage Syndicated User on October 11, 2023. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

During the pandemic, many people distanced themselves from their loved ones for health reasons. Grandparents were told to stay away from their grandkids, especially as schools started to open. That’s because it would have been risky to visit with their grandchildren who may have gotten sick from school.Now that the pandemic has passed, many grandparents want more than ever to be near their grandchildren again to make up for that lost time. But how are they getting that “Grandparent Wish?” The data tells us many are moving to make sure they’re getting more quality time.Grandparents Are Moving...

Are You a Homebuyer Worried About Climate Risks?

Written by St. Augustine Beach Mortgage Syndicated User on October 6, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

The increasing effects of natural disasters are leading to new obstacles in residential real estate. As a recent article from CoreLogic explains: “As the specter of climate change looms large, the world braces for unprecedented challenges. In the world of real estate, one of those challenges will be the effects of natural catastrophes on property portfolios, homeowners, and communities.” That may be why, according to Zillow, more and more Americans now consider how climate risks and natural disasters can impact their homeownership plans (see below): This study goes on to explain that climate...

How Remote Work Helps with Your House Hunt [INFOGRAPHIC]

Written by St. Augustine Beach Mortgage Syndicated User on September 23, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

Some HighlightsWhile remote work peaked during the pandemic, many people still work from home today.If you’re one of them, it could have an unexpected benefit when you’re looking to buy a home.If you can work from home, you might have more choices for where to live. Connect with a real estate agent to talk about your options and what’s most important to you.

Category: Demographics