The real estate market is constantly changing along with the economic environment and interest rates. Have questions about the housing market or your plans to move? If you really want to understand what is going on with Home Prices, Mortgage Rates, Inventory and more, then check out the latest Spring 2024 Buyer and Seller Guides!These guides bring together reliable facts and expert advice to make you feel confident making your move to buy or sell a home this winter season. Simply go to the guide you are interested in by selecting the link or image of each guide below: The Spring 2024 Buyers Guide includes tips and answers to your questions such What’s Happening in the Housing Market Today,Why It’s More Affordable To Buy a Home This Spring, Are More Homeowners Selling, Why You Should Use a Real Estate Agent When You Buy a Home, and much more.  The Winter 2023 Sellers Guide includes many tips such as Should You Sell Your House This Spring, Your Home Equity Can Be a Game Changer When You Sell,2 Must-Do’s When Selling Your House This Spring,Key Reasons To Hire a Real Estate Agent When You Sell, and much more.

This Spring 2024 edition of the Home Sellers Guide seasonal series, includes many tips such as Should You Sell Your House This Spring,Your Home Equity Can Be a Game Changer When You Sell, 2 Must-Do’s When Selling Your House This Spring, Key Reasons To Hire a Real Estate Agent When You Sell, and much more. Take a look at what is inside in the Home Sellers Guide Spring 2024 and order yours today. It is FREE! What is inside the Home Sellers Guide Spring 2024   SHOULD YOU SELL YOUR HOUSE THIS SPRING? With all the changes in the housing market recently, you might be wondering if it’s a good time to sell your house. Here are some common questions you might have, along with answers to help you make a decision you feel good about. Is There Demand for My House? If you’re worried there won’t be a lot of buyer demand this spring, don’t be. Mortgage rates have trended down since last fall and that’s led more buyers to re-enter the market. That means there’s still plenty of demand today — and that demand may get even stronger if mortgage rates keep falling. So, you may still see buyers competing over your house this spring. Is It Worth It To Sell Now? The supply of homes for sale is still low, so we’re still in a seller’s market right now (see graph below). With more buyers than homes today, they crave more options, and your house will stand out. And though still low, inventory has grown a little bit recently, which means you may have more options for your own home search. The graph below puts today’s inventory into perspective. Are Home Prices Going Down? Recent data shows home prices are still on the rise in many parts of the country. And while prices vary by market, experts project they’ll continue to rise at a more moderate pace in the years ahead. So, with prices appreciating today, you can still sell with confidence this spring.   2 MUST-DO’S WHEN SELLING YOUR HOUSE THIS SPRING If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, the fact that they’re down from their peak last fall is exciting news for you. Here are two reasons why lower rates, and the expectation they’ll decrease further, is such good news for you. You May Not Feel as Locked-In to Your Current Mortgage Rate With mortgage rates lower than they were just a few months ago, you may feel less locked-in to the current mortgage rate you have on your house. When mortgage rates were higher, moving to a new home meant possibly trading in a low rate for one up near 8%. More Buyers Will Be Coming to the Market According to data from Bright MLS, the top reason buyers have been waiting to take the plunge into homeownership is high mortgage rates (see graph below): The current Vero Beach real estate market is still active and buyers are still looking for a home in Vero Beach. Get the latest Vero Beach market insights here   YOUR HOME EQUITY CAN BE A GAME CHANGER WHEN YOU SELL Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. In the past few years, home prices skyrocketed, which means your home’s value – and your equity – likely shot up, too. So, you may have more equity than you realize. Homeowners have a lot of equity right now. And the latest data from the Census and ATTOM shows over two-thirds of homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity (shown in blue in the chart below): That means roughly 70% have a tremendous amount of equity right now.   KEY REASONS TO HIRE A REAL ESTATE AGENT WHEN YOU SELL If you’re thinking about selling your house on your own, called “For Sale by Owner” or FSBO, there are some important things to consider. Going this route means taking on a lot of responsibilities by yourself – and that can be a bit of a headache. A recent report from the National Association of Realtors (NAR) found two of the most difficult tasks for people who sell their house on their own are getting the price right and understanding and performing paperwork. Here are just a few of the ways an agent helps with those difficult tasks. Getting the Price Right Setting the right price for your house is important when you’re trying to sell it. If you’re selling your house on your own, two common issues can happen. For starters, you might ask for too much money (overpricing). Alternatively, you might not ask for enough (underpricing). Either can make it hard to sell your house. To avoid these problems, it’s a good idea to team up with a real estate agent. Real estate agents know how to figure out the perfect price because they understand the local housing market. They can use their expertise to set a price that matches what buyers are willing to pay, giving your house the best chance to impress from the start. Understanding and Performing Paperwork Selling a house involves a bunch of paperwork and legal documentation that has to be just right. There are a lot of rules and regulations to follow, making it a bit tricky for homeowners to manage everything on their own. Without a pro by your side, you could end up facing liability risks and legal complications. Real estate agents are experts in all the contracts and paperwork needed for selling a house. They know the rules and can guide you through it all, reducing the chance of mistakes that might lead to legal problems or delays. For more information on how to sell your Vero Beach house in today’s real estate market, get a copy in this FREE Spring 2024 Sellers Guide by completing the form below.  

If you are thinking of buying a home in Vero Beach this spring, this special edition of the Spring 2024 Buyers Guide, includes tips and answers to your questions such as What’s Happening in the Housing Market Today, Why It’s More Affordable To Buy a Home This Spring, Are More Homeowners Selling, Why You Should Use a Real Estate Agent When You Buy a Home, and much more. Take a look at what is inside in the Home Buyers Guide Winter of 2024 and get it for FREE today! What is inside the Home Buyers Guide Winter 2024   WHAT’S HAPPENING IN THE HOUSING MARKET TODAY? You might be thinking about how the latest housing market news will affect your plans to buy a home this spring. Here are the three most important questions you should be asking: What’s Going On with Mortgage Rates? Mortgage rates have come down a bit from their most recent peak last October. And looking forward, most experts expect them to decline further over the course of the year, though with some volatility along the way. And even a small change in mortgage rates can have a big impact on your purchasing power, making it easier for you to afford the home you want by reducing your monthly mortgage payment. What’s Up with Home Prices? Even though home prices are rising across the country, some buyers are worried they might drop. You might be one of them. But experts say home prices are expected to keep going up this year. So, if you’re ready to buy, it’s better to do it soon because waiting may mean higher prices later. Are More Homes Coming onto the Market? In the past year, many homeowners didn’t want to sell because mortgage rates were high. They preferred to keep their lower rates instead of selling and taking on a higher rate on their next home. But now, there are signs people are ready to move again. Lower mortgage rates are encouraging more homeowners to sell their houses. This increase in homes for sale means you might have more choices when looking for a home. Get the latest Vero Beach Market Reports to get informed about the local real estate market and give you an edge when looking for a home in Vero Beach. WHY IT’S MORE AFFORDABLE TO BUY A HOME THIS SPRING? ARE MORE HOMEOWNERS SELLING? If you’re looking to buy a home, the overall downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale, because: The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really limited the options for your move is how few homes were on the market. That’s because many homeowners chose to delay their plans to sell once mortgage rates went up. Early Signs Show Homeowners Are Ready To Move Again According to data from Realtor.com, there were more homeowners putting their houses up for sale, known in the industry as new listings, in January 2024 compared to January 2023 (see graph below): WHY YOU SHOULD USE A REAL ESTATE AGENT WHEN YOU BUY A HOME If you’ve decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first. It can feel a bit overwhelming to know where to start, but the good news is you don’t have to navigate all of that alone. Agents Are the #1 Most Useful Source in the Buying Process. The latest annual report from the National Association of Realtors (NAR) finds recent homebuyers agree the #1 most useful source of information they had in the home buying process was a real estate agent. How an Agent Helps When You Buy a Home .When you think about a real estate agent, you may think of someone taking you on home showings and putting together the paperwork, but a great agent does so much more than that. It’s not just being the facilitator for your purchase, it’s being your guide through every step. The list below uses that same NAR release to show some examples of the many ways an agent adds value. It includes the percentage of homebuyers in that report who highlighted each of these benefits: Helped Buyer Understand the Process (61%) Pointed Out Unnoticed Features or Faults with the Home (58%) Provided a Better List of Service Providers (46%) Negotiated Better Sales Contract Terms and a Better Price (46% and 33%) Improved Buyer’s Knowledge of the Search Area (45%) Expanded Buyer’s Search Area (21%) If you’re looking to buy a home, don’t forget about the many ways an agent is essential to that process. Any hurdle that pops up, a negotiation that needs to take place, and more, your agent will know how to handle it while they make sure to minimize your stress along the way. Let’s connect to tackle it together. Get this Spring 2024 Buyers Guide and find out how to get the best deal on a Vero Beach home. You will also find a lot more information in this NEW full version of the Home Buyers Guide for Spring 2024 by requesting one using the form below. It is FREE.

 The real estate market is changing along with the economic environment and interest rates. Have questions about the housing market or your plans to move? If you really want to understand what is going on with Home Prices, Mortgage Rates, Inventory and more, then check out the latest Winter 2024 Buyer and Seller Guides!These guides bring together reliable facts and expert advice to make you feel confident making your move to buy or sell a home this winter season. Simply go to the guide you are interested in by selecting the link or image of each guide below:The Winter 2024 Buyers Guide which includes tips and answers to your questions such What’s Going On in the Housing Market Right Now, The Return of Normal Seasonality for Home Price Appreciation, What Experts Project for Home Prices over the Next 5 Years, Advice for Making Your Strongest Offer on a Home, and much more. The Winter 2024 Sellers Guide which includes many tips such as Should I Sell My House This Winter, The Perks of Selling Your House When Inventory Is Low, Home Prices Are Not Falling, Why Setting the Right Price for Your House Still Matters, and much more.

This Winter 2023 edition of the Home Sellers Guide seasonal series, includes many tips such as Should I Sell My House This Winter, The Perks of Selling Your House When Inventory Is Low, Home Prices Are Not Falling, Why Setting the Right Price for Your House Still Matters, and much more.Take a look at what is inside in the Home Sellers Guide Winter 2024 and order yours today. It is FREE!What is inside the Home Sellers Guide Winter 2024SHOULD I SELL MY HOUSE THIS WINTER?With everything going on in the housing market lately, you might have some questions about selling your house. Here are a few things you might be wondering, and the answers to help you feel confident about your decision.Are There Still Buyers Looking for Homes? Are you putting off selling your house because you’re worried no one’s buying due to where mortgage rates are? If so, know this: plenty of buyers are still out there, and they’re purchasing homes today.Buyers will always need to buy, and those who can afford to move at today’s rates are going to do so. That means buyer demand hasn’t disappeared.Is It Worth It To Sell Now? The supply of homes for sale is still low, so we’re still in a seller’s market today (see graph below). With more buyers than homes today, buyers crave more options, and your house may be just what they’re looking for. Selling while inventory is this low means if you price your house right, it’s likely to be in demand. The graph below puts today’s inventory into perspective.Are Home Prices Falling? Put simply, they are not. Recent data shows home prices are on the rise at a normal pace in many parts of the country. And while prices vary by market, experts project they’ll continue to rise at typical levels of appreciation in the years ahead.So, with the worst home price declines behind us and prices appreciating today, you can still sell with confidence this season.THE PERKS OF SELLING YOUR HOUSE WHEN INVENTORY IS LOWWhen it comes to selling your house, you’re probably trying to juggle current market conditions and your own needs as you plan your move. One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you .The graph below uses data from Realtor.com to look at active listings this year compared to what’s more typical in the market. It doesn’t include 2020-2022 because those weren’t normal years for the market.The current Vero Beach real estate market is still active and buyers are still looking for a home in Vero Beach. Get the latest Vero Beach market insights hereHOME PRICES ARE NOT FALLINGIn late 2022, some experts said home prices would crash in 2023. That made a lot of people worried about the strength of the residential real estate market. If you’re one of them, here’s what you should understandHome Prices Never Crashed. Disregard what you saw in the headlines. The actual data shows home prices were remarkably resilient and performed far better than the media would have you believe (see graph below):This graph uses reports from three trusted sources to clearly illustrate prices have already rebounded after experiencing only slight declines nationally. That’s a far cry from the crash so many articles called for.WHY SETTING THE RIGHT PRICE FOR YOUR HOUSE STILL MATTERSIt’s important to set the right price for your house. Rely on an expert to make sure it’s priced appropriately for today’s market. While this isn’t the frenzied market we saw over the past few years, homes that are priced right are still selling quickly and seeing multiple offers right now.To get a high-level look into the potential downsides of over or underpricing your houseand the perks that come with pricing it at market value, see the chart below:For more information on how to sell your Vero Beach house in today’s real estate market, get a copy in this FREE Winter 2024 Sellers Guide by completing the form below.var gform;gform||(document.addEventListener("gform_main_scripts_loaded",function(){gform.scriptsLoaded=!0}),window.addEventListener("DOMContentLoaded",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,initializeOnLoaded:function(o){gform.domLoaded&&gform.scriptsLoaded?o():!gform.domLoaded&&gform.scriptsLoaded?window.addEventListener("DOMContentLoaded",o):document.addEventListener("gform_main_scripts_loaded",o)},hooks:{action:{},filter:{}},addAction:function(o,n,r,t){gform.addHook("action",o,n,r,t)},addFilter:function(o,n,r,t){gform.addHook("filter",o,n,r,t)},doAction:function(o){gform.doHook("action",o,arguments)},applyFilters:function(o){return gform.doHook("filter",o,arguments)},removeAction:function(o,n){gform.removeHook("action",o,n)},removeFilter:function(o,n,r){gform.removeHook("filter",o,n,r)},addHook:function(o,n,r,t,i){null==gform.hooks[o][n]&&(gform.hooks[o][n]=[]);var e=gform.hooks[o][n];null==i&&(i=n+"_"+e.length),gform.hooks[o][n].push({tag:i,callable:r,priority:t=null==t?10:t})},doHook:function(n,o,r){var t;if(r=Array.prototype.slice.call(r,1),null!=gform.hooks[n][o]&&((o=gform.hooks[n][o]).sort(function(o,n){return o.priority-n.priority}),o.forEach(function(o){"function"!=typeof(t=o.callable)&&(t=window[t]),"action"==n?t.apply(null,r):r[0]=t.apply(null,r)})),"filter"==n)return r[0]},removeHook:function(o,n,t,i){var r;null!=gform.hooks[o][n]&&(r=(r=gform.hooks[o][n]).filter(function(o,n,r){return!!(null!=i&&i!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][n]=r)}}); Home Sellers Guide Request Form: "*" indicates required fields Name:* First Last Email:* Phone:Message:Send me the Home Sellers Guide – Seasonal Edition.NameThis field is for validation purposes and should be left unchanged. gform.initializeOnLoaded( function() {gformInitSpinner( 7, 'https://veroflrealestate.com/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery('#gform_ajax_frame_7').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_7');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_7').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_7').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_7').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_7').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_7').val();gformInitSpinner( 7, 'https://veroflrealestate.com/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [7, current_page]);window['gf_submitting_7'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_7').replaceWith(confirmation_content);jQuery(document).trigger('gform_confirmation_loaded', [7]);window['gf_submitting_7'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_7').text());}, 50);}else{jQuery('#gform_7').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [7, current_page]);gform.utils.trigger({ event: 'gform/postRender', native: false, data: { formId: 7, currentPage: current_page } });} );} );

If you are thinking of buying a home in Vero Beach this winter season, this special edition of the Winter 2024 Buyers Guide, includes tips and answers to your questions such as What’s Going On in the Housing Market Right Now, The Return of Normal Seasonality for Home Price Appreciation, What Experts Project for Home Prices over the Next 5 Years, Advice for Making Your Strongest Offer on a Home, and much more. Take a look at what is inside in the Home Buyers Guide Winter of 2024 and get it for FREE today! What is inside the Home Buyers Guide Winter 2024   WHAT’S GOING ON IN THE HOUSING MARKET RIGHT NOW? You might be wondering how the latest housing market updates will impact your winter home-buying plans. Here are the top three questions that might be on your mind.: What’s Happening with Home Prices? If you’re keeping up with the news, you might be a bit confused about what’s happening with home prices. Well, know this: despite what you may have heard, they’re not going down. In fact, it’s just the opposite. National data from several sources says home prices have been going up consistently since early 2023. But it’s important to know prices differ depending on where you live. Overall, the limited supply of homes for sale and ongoing buyer demand are going to keep upward pressure on prices. What’s the Deal with Mortgage Rates? Since October of 2022, rates have been between 6% and 8%. The rates we experienced a few years ago, like 3%, are now a thing of the past. The best advice for your move is this: don’t try to control what you can’t control. This includes trying to time the market or guess what the future holds for mortgage rates. What Does Low Housing Inventory Mean for My Move? Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it would take to sell all those available homes based on current demand. Get the latest Vero Beach Market Reports to get informed about the local real estate market and give you an edge when looking for a home in Vero Beach.   THE RETURN OF NORMAL SEASONALITY FOR HOME PRICE APPRECIATION Despite what you may have heard in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend. That’s why there’s a reliable long-term home price trend. The graph below uses data from Case-Shiller to show typical monthly home price movement from 1973 through 2022 (not adjusted, so you can see the seasonality): WHAT EXPERTS PROJECT FOR HOME PRICES OVER THE NEXT 5 YEARS? Experts Project Ongoing Appreciation. Pulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the panelists project will happen with home prices over the next five years. Here are those expert forecasts saying home prices will go up every year through 2027 (see graph below): p> ADVICE FOR MAKING YOUR STRONGEST OFFER ON A HOME The housing market is competitive in many places right now because there aren’t many homes for sale. If you’re planning to buy a home this winter, here are some tips to help you make a strong offer. Lean on a Real Estate Professional Get Pre-Approved for a Home Loan Make a Fair Offer Trust Your Agent’s Expertise Throughout Negotiations When you go to buy a home this winter, let’s talk so you can have an expert on your team to help you make your top offer.  Get this Winter 2024 Buyers Guide and find out how to get the best deal on a Vero Beach home. You will also find a lot more information in this NEW full version of the Home Buyers Guide for Winter 2024 by requesting one using the form below. It is FREE.