Kellie Crawford, Realtor Legendary Sales, Inc.

02/05/2024

2024 Home Prices Won’t Decline
Despite predictions housing prices would come down, values keep rising in 2024. The reason? The tight inventory. Ready to sell? Give me a call! 📞🏠

01/26/2024

Long-Term Mortgage Rate Rises to 6.69%.⬆️
While the average long-term mortgage rate has increased three out of four weeks this month, it is still lower than the October high of 7.79%.〽️✅

03/10/2023

Mortgage Rates Rise Again, Moving Up to 6.73% ⬆️
It’s the fifth weekly increase in a row. Last week, the 30-year, fixed-rate loan averaged 6.65%. One year ago, it was 3.85%.

03/06/2023

Monday Morning News: Fed Officials Sound Warning for Higher Rates ⬆️📈
Recent economic reports suggest inflation isn’t yet under control, and the Fed says it may have to increase interest rates more than it expected a few weeks ago.

07/28/2022

How much house can one afford? 🏠

The 1/10 Rule is a simple rule meant to help buyers determine a level of affordability in a changing market. The concept is simple and easy to explain:
When interest rates go up by 1%, buying power goes down 10%. The reverse also holds true. When interest rates go down by 1%, buying power goes up 10%.
Over the last few years, we’ve seen interest rates at historically low rates, and buying power went up. Now that we’re experiencing some increase in interest rates, the buying power is going down.
Say, for instance, a buyer qualifies for a $250,000 mortgage, but the rate suddenly hikes up 1%. The buyer’s purchasing power drops to $225,000:
$250,000 – $25,000 (10%) = $225,000
The fact of the matter is that buyers will still purchase homes regardless of interest rates. It beats the alternative, which is renting. Rent payments are still higher than a mortgage payment. Investing in real estate is still a wise and solid choice.

04/22/2022

Higher Mortgage Rates Set Up Sales Slowdown
This week’s 30-year mortgage rate averaged 5.11%. Owners with locked-in lower rates have less financial incentive to sell; would-be buyers face higher loan costs.

04/19/2022

04/15/2022

Rare opportunity to acquire this waterfront, one of a kind, 1 bedroom, 1 bath condo at Port Royal in desirable downtown Pensacola! Contact me for an appt today!

Rare opportunity to acquire this beautifully remodeled waterfront Port Royal Condo on the ground floor with fantastic views overlooking beautiful Pensacola Bay! One of a kind, one bedroom, one bath condo in the heart of Downtown Pensacola! The large Master Suite has a built in desk with overhead cab...

04/06/2022

Ready to sell in a HOT Market? 🔥
I’m ready when you are! 💥🏠💵

03/04/2022

Mortgage Rates Fall This Week to 3.76%
After flirting with 4% in Feb., the 30-year, fixed-rate mortgage dropped lower for the second week, hitting 3.76% from last week’s 3.89%.