Rhonda Williams, Realtor - South Florida Real Estate

10/20/2021

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10/15/2021

Just like any investment you make, you have to time the market to know when to sell.
What does the past years in real estate tell us about today's market?

As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market.

10/15/2021

15 different tile styles? Which one do you like?

Tile showers have a certain bit of luxury attached to their design. And fortunately enough, they're easy than you think to design and create...

10/14/2021

I like the one story home better. Which do you prefer?

One-story versus two-story home: Which is better? The number of floors affects how easy the home is to navigate, maintain, heat, and cool. The post One-Story vs. Two-Story Home: Which Is Better?...

05/10/2021

3 Graphs Showing Why You Should Sell Your House Now

Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for homeowners who are ready to move this season.

>>Historically Low Inventory
Even with a slight rise in the number of houses for sale this spring, inventory remains near an all-time low. High buyer interest is creating animbalance between supply and demand, but as the small uptick in inventory shows, sellers are beginning to reenter the market. Selling your house now enables you to maximize on buyer demand and get the most attention for your house – before more listings come to the market later this year.

>>Frequent Bidding Wars
As a result of the supply and demand imbalance, homebuyers are entering bidding wars at an accelerating rate. NAR reports the average number of bids received on the most...

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high ...

05/07/2021

The Power of Mortgage Pre-Approval [INFOGRAPHIC]

Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war. In today’s market, connecting with a lender to get pre-approved may be the game-changer that helps you secure your dream home. DM me to learn more about this essential step in the homebuying process.

Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in ...

05/06/2021

Why Waiting to Buy a Home Could Cost You a Small Fortune

Many people are sitting on the fence trying to decide if now’s the time to buy a home. To determine if they should buy now or wait another year, they both need to ask two simple questions:
>>Do I think home values will be higher a year from now?
>>Do I think mortgage rates will be higher a year from now?
Let’s shed some light on the answers to these questions.

If you average the most recent projections from the major industry forecasters, the expectation is home prices will increase by 7.7%. For mortgage rates, the forecasts average out to 3.6% a year from now, a jump up from where they are now.

A buyer will pay a lot more in mortgage payments each month if both of these variables increase. Let’s take a house that’s valued today at $325,000 as an example.

Assuming a buyer purchases a $325,000 home...

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing nee...

05/05/2021

Are Interest Rates Expected to Rise Over the Next Year?

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say.

Danielle Hale, Chief Economist, realtor.com: “Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . .”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “In 2021, I think rates will be similar or modestly higher . . . mortgage rates will continue to be...

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a loo...

05/04/2021

4 Big Incentives for Homeowners to Sell Now

Here are the four major homeowner concerns and a quick explanation of what’s actually happening in the housing market today.

>>Homeowners don’t know if they’ll be able to secure their next home before selling.
In today’s market, buyers have compelling reasons to purchase a home now. These buyer needs give the seller tremendous leverage to negotiate time to find their next home.

>>Homeowners don’t know if their current home will sell for asking price or top market price.
This is the perfect time to maximize profits while selling a house. NAR just released a study showing that bidding wars are at an all-time high. When there’s a bidding war, the price escalates. If a seller is looking for a top-dollar sale, there’s no better time to sell than right now.

>>Homeowners don’t know if they will get an offer...

The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in t...

05/03/2021

Americans Find the Nonfinancial Benefits of Homeownership Most Valuable

Recently, two national surveys revealed the reasons homeownership is such an important part of life. The top three personal benefits of homeownership noted by respondents in Unison’s 2021 report on The State of the American Homeowner are:
>>91% - feel secure, stable, or successful owning a home
>>70% - feel emotionally attached to the homes that have kept them safe over the past year
>>51% - call homeownership a "key part of their life”

These sentiments were supported by the most recent National Housing Survey from Fannie Mae. Those surveyed were given a list of feelings and accomplishments that are associated with or impacted by where we live. They were then asked, “To achieve this, are you better off owning or better off renting?” Here are the top three points from the list that...

Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today, homeowners rank the nonfinancial and personal b...

04/30/2021

Should I Buy Now or Wait? [INFOGRAPHIC]

If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the long run. DM me to put your plans in motion before home prices and mortgage rates climb even higher.

Some Highlights If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means ...