Keith Bailey Realtor Florida Real Estate Blog

  Is Wall Street Really Buying All the Homes?   Let’s be real –  buying  a home  right now  is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight. But here’s the thing: that’s mostly a myth. While investors are part of the market, according to  Redfin , they’re a relatively small part: Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big investors. So, before you get discouraged, let’s take a look at what’s  really going on . You might be surprised to learn that Wall Street isn’t the competition you may think it is. Most Investors Are Small Mom-and-Pops Most investors aren’t the mega corporations you’ve probably heard about. In fact, many are your ne...

  For Buyers First Time Home Buyers Move-Up Buyers Buying Myths If you want to  buy a home , it's important to know how  mortgage rates  impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under  7% , according to  Freddie Mac  ( see graph below ):   This recent trend is great news for  buyers . As a recent article from  Bankrate   says : “The rate cool-off somewhat eases the housing affordability squeeze.” And  according  to Edward Seiler, AVP of Housing Economics and Executive Director of the Research Institute for Housing America at the  Mortgage Bankers Association  (MBA): “MBA expects that affordability conditions will continue to improve as mortgage rates decline . . .” Here’s a bit more context on how this could help with your plans to  buy a home . How Mortgage Rates Affec...