Time In The Market vs Timing The Market

There’s been a slight increase of homes on the market, but buyers who got a 3% mortgage when they bought their home likely don’t want to give that up. 

Which means a lot of people who considered selling their homes, are now hanging onto them as rentals instead.

They want to hold onto the mortgage (rate) and get somebody else to pay the rent.

That means there could be a lot of inventory locked for years to come.

So, did you miss out on timing the market? Don’t count yourself out of homeownership yet. The best time to buy is when you can personally afford to do so.

Need help navigating the process?

Don’t hesitate to reach out.

Your Palm Harbor Realtor,⁣
⁣
Kelsi Ward⁣

The Fazzini Group | ReMax Realtec
727-488-7032⁣
Kelsi.Ward@Remax.net

What Does Active Inventory Mean For Buying/Selling?

Knowing what’s actively on the market gives you a sense of how much available property you have to consider as a buyer.

For sellers, it means pricing your home amongst competition.

At the end of the day, inventory has increased over the past few months, but overall levels are still tight compared to where the market was before 2020– hardly an inventory “boom”.

I’m excited to connect you to the life of your dreams by helping you make informed real estate decisions.

Just shoot me a message!

Your Palm Harbor Realtor,⁣
⁣
Kelsi Ward⁣

The Fazzini Group | ReMax Realtec
727-488-7032⁣
Kelsi.Ward@Remax.net

Do You Know What Median Time To Sale Is?

This metric looks at the median amount of time it takes to go from listing to close. 

The pace of sales was almost too rapid in 2020 and 2021. Ask most realtors and they’ll agree that transactions were at an unsustainable pace.

While homes take longer to sell today— property still closes faster than it did in 2019 (before the craziness of 2020-2021).

What should YOU know? Homes still sell 31% faster than they did pre-pandemic!

So if you’re looking to make a move let’s connect!

I keep a pulse on what’s happening in the market and in the Palm Harbor area so you can feel confident in your decision to buy or sell a home today.

Your Palm Harbor Realtor,⁣
⁣
Kelsi Ward⁣

The Fazzini Group | ReMax Realtec
727-488-7032⁣
Kelsi.Ward@Remax.net

Boom Years ≠ Doom Years

2020 and 2021 will go down in history as the Wild West years of real estate.

Comparing where the market is today to those crazy high numbers makes it seem like there’s been a steep decline.

Instead of comparing anything to 2020 or 21, look instead at 2019 when the market was still pretty normal.

You might even see that current prices are still above what the market was doing in 2019.

So yes— prices may be below 2020-2021 numbers, but that’s to be expected!

Your Palm Harbor Realtor,⁣
⁣
Kelsi Ward⁣

The Fazzini Group | ReMax Realtec
727-488-7032⁣
Kelsi.Ward@Remax.net

What Do YOU Think About These Headlines?

“Inventory Soars!”

“Prices Plummeting!”

“Will Buyers Ever Return?”

“Sellers Forced to Accept Discounts!”

You’ve probably seen some of these floating around.

The housing market has cooled, but not to levels reflected in these disaster based headlines.

While it’s not all fake news, the facts should definitely be checked.

Ask a Realtor to tell you what’s happening in your local market if you’re buying/selling.

We have the tools and data to back our advice.

Your Palm Harbor Realtor,⁣
⁣
Kelsi Ward⁣

The Fazzini Group | ReMax Realtec
727-488-7032⁣
Kelsi.Ward@Remax.net

Non-Financial Benefits Of Owning A Home

With all the headlines about home prices and rising mortgage rates you may be wondering if it’s still worth it to buy a home.

While both (prices & rates) have an impact on affordability, you want to remember that buying a home is so much more than just a financial decision.

Here are just a few reasons I love home ownership, and why I think you should too!

Owning a home gives you a strong sense of accomplishment, and a better connection to your community.

Owning a home also brings you more comfort and the freedom to make the space your own.

Even with higher mortgage rates– it can still make sense to buy a home today.

That’s because home ownership isn’t just a financial choice, it’s a lifestyle choice too!

I believe home ownership truly has the power to change your life. 

If you’re ready to buy a home let’s connect.

Your Palm Harbor Realtor,⁣
⁣
Kelsi Ward⁣

The Fazzini Group | ReMax Realtec
727-488-7032⁣
Kelsi.Ward@Remax.net

Is Now The Best Time To Buy?

One of the biggest questions l get on a regular basis is “Should I still buy a home today?”

Here’s what I can tell you…

The headlines are focused on the market cooling in recent months, but they don’t paint the full picture of why home ownership IS worth it!

Yes, the short term market changes do matter, but homeowners will always win in the long run.

We know that home values typically rise with time. (we definitely saw that in 2020-2021)

But here’s what I really want you to focus on:

On average home prices have risen over the past 30 years which goes to show that home ownership wins over time.

As your home value grows and as you pay down your mortgage, you’ll build equity that’ll increase your net worth.

With time you could be sitting on a significant amount of home equity.

Homeownership is a play that wins in the long run!

So, if you’re ready to invest in your future let’s connect.

Your Palm Harbor Realtor,⁣
⁣
Kelsi Ward⁣

The Fazzini Group | ReMax Realtec
727-488-7032⁣
Kelsi.Ward@Remax.net

What’s An Inflection Point?

Everyone’s always asking me where the housing market is headed.

And while I don’t have a crystal ball to tell you exactly what’s going to happen, I can give you an idea of why we’re seeing the market change.

Today, buyer activity is down and housing inventory is up which means active listings have increased compared to this time last year.

At the same time, buyer demand (AKA showings) have decreased.

This is called an inflection point.

Over the past two years we saw a ton of demand, but not enough homes available to buy.

Today, the market looks very different as those two factors undergo a shift.

So, what’s the bottom line?

You need an expert (like me) on your side right now more than ever.

I can help you understand what’s happening in the housing market today, and what that might mean for you and your plans going forward.

I’m excited to connect you to the life of your dreams by helping you make informed real estate decisions.

Just shoot me a message!

Your Palm Harbor Realtor,⁣
⁣
Kelsi Ward⁣

The Fazzini Group | ReMax Realtec
727-488-7032⁣
Kelsi.Ward@Remax.net