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…

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Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance. If your loan is backed by HUD/FHA, USDA, or VA, you can apply for initial forbearance by June 30, 2021.

Recently, the Consumer Finance Institute of the Federal Reserve Bank of Philadelphia surveyed a national sample of 1,172 homeowners with mortgages. They discussed their familiarity with and understanding of lender accommodations that might be available under the Coronavirus…

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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 buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house. 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.

1. Historically Low Inventory

The National Association of Realtors (NAR) explains:

 “Total housing inventory at the end of March amounted to 1.07 million units, up 3.9% from February’s inventory . . . …

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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 needs.

To determine if they should buy now or wait another year, they both need to ask two simple questions:

  1. Do I think home values will be higher a year from now?
  2. Do I think mortgage rates will be higher a year from now?

Let’s shed some light on the answers to these questions.

Where will home prices be a year from now?

If you average the most recent projections from the major industry forecasters, the expectation is home prices will…

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Coral Springs is a beautiful and vibrant city located in Broward County, Florida. The master-planned community is home to over 120,000 residents, many of which are families and school-aged children.

Education plays a vital role in the growth and development of our children, both academically and personally. Providing families with safe and welcoming schools is an important task for Coral Springs. The city falls under the jurisdiction of the Broward County Public Schools District (BCPS), which serves students of Coral Springs and surrounding areas.

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Within the city limits, BCPS operates 12 elementary schools, 4 middle schools and 3 high schools. All of the schools within Coral Springs, at one…

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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 benefits with even higher value.

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…

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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 the residential housing market is for more listings to come on the market. However, many homeowners are concerned that selling their homes could be challenging for several reasons.

Recently, Homes.com released the findings of a survey that identified these concerns, as well as what it will take for homeowners to feel comfortable selling their houses. Here are the four major homeowner concerns and a quick explanation of what’s actually happening in the…

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So you're thinking about making a move to Parkland, Florida. And you wanna know, what are the pros and what are the cons? Is it worth moving here? Well, in this video, we're gonna go over our top pros and our top cons of living in Parkland, Florida from someone who grew up here.

My name is Andy Mandel. I'm a broker associate with the Mandel Team RE/MAX Advisors right here in Parkland. And if this is your first time to the channel, this is where we go over everything there is to know about South Florida, living, eating, sleeping, playing and enjoying the beautiful lifestyle that South Florida has to offer. So that interests you? Make sure you smash that subscribe button and hit the bell icon so you get…

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Hey, it's Andy with the Mandel Team at RE/MAX, and I'm here to bring you your May 2021 South Florida housing market update. Now, in this video, we're also gonna be answering the question that we keep hearing all the time from our friends, family, and clients. "When is the housing market gonna crash?" So, for the purposes of this video, we're gonna be talking about single-family homes only in Parkland, Coral Springs, and Boca Raton. Those are the areas where our team does the predominant amount of our business. And when we talk about Boca, we're talking about no 55-and-over communities and no membership country clubs; so, all ages, no country clubs.

So, normally we like to look year over year for stats. What we're gonna do for these next couple…

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Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. There are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

Lawrence Yun, Chief Economist at NAR, explains in the report:

“The sales for March would have been measurably higher, had there been more inventory. Days-on-market are swift, multiple offers are prevalent, and buyer…

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