While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis.When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time.1. There Are Fewer Homeowners in Trouble Today’s data shows that most homeowners are exiting their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way ... 05/12/2022

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today.If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search.Early Signs Inventory May Be GrowingThe latest data from realtor.com shows the number of listings coming onto the market, known in the industry as “new listings,” has increased since the start of the year (see graph below):This indicates more sellers are listing their homes for sale each month this year. And according to real... 05/11/2022

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices?  Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says:“Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”So why are prices climbing so much? It’s because there are more buyers than there are homes for sale. This imbalance is expected to maintain that upward pressure on home prices because homes for sale are a hot commodity in today’s low-inventory housing market.Where Do Experts ... 05/10/2022

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power.Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say that’ll likely go up in the months ahead. You have the opportunity to get ahead of that increase if you buy now before that impacts your purchasing power.Mortgage Rates Play a Large Role in Your Home S... 05/09/2022

Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Let’s connect so you can make your best move this year.  Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 519-0719Fax: (407) 205-1951email: info@phphouses.comLet’s Connect:FacebookLinkedinTwitterInstagramThe information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein shou... 05/06/2022

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to start.Here are three things that can help give you the information you need to confidently pursue your dream of homeownership.1. Consider All Options When the Number of Homes for Sale Is LowToday, there are far more buyers in the market than there are homes available for sale. When that happens, it’s a good idea to do what you can to increase your pool of options. That could mean expanding your search to include additional housing types. For first-time buyers, considering ... 05/05/2022

One of the biggest concerns for a homeowner looking to sell is the time they’ll have to put in before listing their house. If that’s the case for you, you should know – your home might be closer to list-ready than you think in today’s housing market. A survey of recent sellers from realtor.comfinds that many were able to get their house ready in less than a month. It says:“With many homeowners expecting a quick sale, and in many cases a lack of contingencies, the preparation process took less than a month for over 50% of home sellers this past year, with 20% completing it in less than two weeks.”Those sellers expecting to sell quickly are following recent buyer trends. With mortgage rates and home prices rising, buyers in today’s market are serious about finding a home quickly. But with... 05/04/2022

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map below):The same report from NAR shows the average buyer made two offers before getting their third offer accepted. In this type of competitive housing market, it’s important to know what levers you can pull to help you beat the competition. While a real estate professional is your ultimate guide to presenting a strong offer, here are a few things you could consider.Offering over Asking PriceWhen you think of sweetening the deal for s... 05/03/2022

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand.In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they’re looking for when options are scarce. And that’s exactly what’s happening in the current real estate market.Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic, puts it like this:“With so few homes, buyers are once again left with fierce competition that’s driving the share of homes that sold over the listing price up to 66% . . . With the continued imbalance b... 05/02/2022

If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that:“Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again.” That means the results – owning a home and the benefits that come with it – outweigh the effort needed to achieve their goal. If you’re a homebuyer, let that provide you with the confidence to know the work you’re putting in today will pay off for years to come. Here are a few reasons to stick with your search and focus on the outcome.Homeownership Contributes Signi... 04/27/2022

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains:“The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you’re qualified to make an offer.”Why does that matter so much today? There are many more buyers looking for homes today than there are homes available for sale, and that’s creating some serious competition. According to the National Association of Realtors (NAR), the average home is getti... 04/19/2022

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that mean for your home?If you’re looking for ways to focus more on the important things in your life, the answer could be downsizing. A recent article from The Balance talks about why it could be a great option, saying:“There are many reasons to buy a smaller home—or to downsize from your present home—but sometimes, the idea that “less is more” is what propels homeowners to buy a smaller home.”You Can Find the Right Home for Your NeedsThe 2022 Home Buyers and Sellers Generational Trends from the National Ass... 04/18/2022

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data.Today, there are far more buyers looking for homes than sellers listing their houses. Here are the maps of the latest buyer and seller traffic from the National Association of Realtors (NAR) to help paint the picture of what this looks like:Notice how much darker the blues are on the left. This shows buyer traffic is strong today. In contrast, the much lighter blues on the right indicate weak or very weak seller traffic. In a nutshell, the demand for homes is signific... 04/14/2022

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American:“You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.”Coming into this year, most experts projected mortgage rates would gradually increase and end 2022 in the high three-percent range. It’s only April, and rates have already blown past those numbers. Freddie Mac announced last week that the 30-year fixed-rate mortgage is already at 4.72%.Danielle Hale, Chief Economist at realtor.com, tweeted on March 31:“Continuing on the recent trajectory, would have mortgage rates hitting... 04/13/2022

Veteran’s Home Loans for Lake Mary FloridaIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you m... 05/19/2021

Saturday, August 25, 11-2, stop by 815 Blairmont Circle in Lake Mary to check out this 4 bedroom, 3 bathroom, 2600 SF home.  Beautiful Lake Mary Home, Conveniently Located. Overview Maps Photos Open House Market Stats $412,900 Single Family Home Main Features 4 Bedrooms3 Full BathroomsInterior: 2,556 sqftYear Built: 2004 Location 815 Blairmont LnLake Mary, FL 32746USA Dee Toohey Innovative Realty Solutions Group(407) 421-7915deetoohey@aol.comhttp://www.innovativeregroup.com   Listed by: Innovative Realty Solutions Group Our recent listings Beautiful Lake Mary Home, Conveniently Located. | $412,900 | Lake Mary, FLSingle Family Residential | $329,000 | Orlando, FLOcala 55+ Community 3/2 For Sale | $150,000 | Ocala, FL5 Bedrrom Home, Gated Community! | $329,000 | Orlando, FL Subscribe to o... 08/21/2018

201 Dublin, Lake Mary, Florida Just Listed Description Photos Maps & Local Schools Print Brochure My Reviews Follow This Home! Search for Homes on MLS Homes Close to Where You Work Avoid Foreclosure Free Home Values Presented By: Torey Eisenman Broker Benchmark Real Estate Group, Inc 407-952-0777 Licensed In: FL License #: BK0544770   Schedule a Showing/Request Info $ Click for current price3 BEDROOMS | 2 (2 full ) BATHROOMS | 1,821 SQUARE FEET What more could you want than this little piece of heaven in The Crossings in Lake Mary? The large lot of this charming single family is a dream for anyone who wishes to relax in their own private lot with beautiful landscaping. Classic 3 bedroom home with high ceilings, vaulted ceilings and cathedral ceilings, covered with carpet all throughout... 07/09/2018

 St Johns Riverfront Estate North Orlando Florida We are pleased to announce that this extraordinary St Johns Riverfront property is now under contract.  Situated on the banks of the beautiful St Johns River in north Orlando, Florida.   Joyce Marsh, Premier Sotheby's International Realty is the Listing Agent,  Orlando Luxury Homes - Orlando Waterfront Properties144 Fort Florida Rd, Debary, FLListing Price:  $1,500,000   03/04/2018

 NORTH ORLANDO FLORIDA RIVERFRONT LUXURY HOME FOR SALE  "This is the Florida Riverfront Home you have been dreaming about!"   Situated directly on the St Johns River on four beautifully landscaped waterfront Acres. Custom designed and professionally decorated home in a casual coastal style.  Breathtaking Grand Living Room with 28' high ceilings and stunning cupola. Embellished with Hand painted Ceilings Gorgeous Hand painted Mural in the Formal Dining Room Awesome Views and Sunsets on the River Fine craftsmanship throughout with architectural details and moldings 180' Vinyl Seawall Screened Riverfront Gazebo 16'x16' Floating Dock with Two Boat Slips Not in Flood Zone - House sits at 12-14 Feet Above the River ADT Security System Double Pane Tinted Windows Two Trane A/C Systems Solar hea... 12/04/2017

510 Stephanie Ct, Lake Mary, FL Just Sold Description Photos Maps & Local Schools Print Brochure My Reviews Just Sold! Get the Info! Lake Mary Homes for Sale Lake Mary Homes For Sale Search for Homes on MLS Homes Close to Where You Work Avoid Foreclosure Free Home Values Presented By: Torey Eisenman Broker Benchmark Real Estate Group, Inc 407-952-0777 Licensed In: FL License #: BK0544770   Schedule a Showing/Request Info $ Click for current price3 BEDROOMS | 2 (2 full ) BATHROOMS | 2,180 SQUARE FEET Charming 3/2 pool home in beautiful neighborhood on private cul-de-sac. Great neighborhood with mature trees. This beautiful vaulted ceiling, open floor plan home has recently been painted with new tile throughout the living, dining, Office and kitchen with new cabinets and granite countert... 08/13/2017