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Tag: #ormondbytheseamortgagecompany

Two Reasons Why Today’s Housing Market Isn’t a Bubble

Written by Ormond by the Sea Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Ormond by the Sea Condo Financing, Ormond by the Sea Mortgage, Ormond by the Sea Mortgage Rates, Pricing.

You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate most experts don’t think that’s the case (see graph below): As the graph shows, a strong majority (60%) said the real estate market is not currently in a bubble. In the same survey, experts give the following reasons why this isn’t like...

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A Key Opportunity for Homebuyers

Written by Ormond by the Sea Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Ormond by the Sea Condo Financing, Ormond by the Sea Mortgage, Ormond by the Sea Mortgage Rates.

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point. As you may have already heard, the number of homes for sale has increased this year, and even more so this spring. As Danielle Hale, Chief Economist for realtor.com, explains: “New listings–a measure of sellers putting homes up for sale–were up 6% above one year ago....

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Homeownership Could Be in Reach with Down Payment Assistance Programs

Written by Ormond by the Sea Mortgage Syndicated User on . Posted in Buying Myths, Down Payments, For Buyers, Ormond by the Sea Condo Financing, Ormond by the Sea Mortgage, Ormond by the Sea Mortgage Rates.

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment assistance programs available that can help you achieve your homeownership goals. The key is understanding where to look and learning what options are available. Here’s some information that can help you. You Can Qualify Even if You’ve Purchased a Home Before There are several misconceptions...

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