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Monday, July 15, 2024   /   by Richard Eimers

BRICK BY BRICK: WHY ECONOMISTS SEE THE HOUSING MARKET AS A BUFFER AGAINST RECESSION

As economic uncertainties loom on the horizon, many experts are turning their attention to an unexpected source of stability: the housing market. Despite challenges such as high mortgage rates and affordability concerns, the resilience of the housing sector is emerging as a potential "downside cushion" for the broader US economy. This phenomenon is particularly intriguing given the housing market's historical role in economic downturns. Let's delve into why and how the housing market might serve as a buffer against economic headwinds in the coming months.Richard Eimers July 15, 2024
The Current State of the Housing MarketTo understand the housing market's potential as an economic cushion, we first need to examine its current state. As of 2024, the US housing market presents a complex picture:Inventory Levels: After years of severe shortages, housing inventory has begun to show signs of improvement. This increase in available homes provides more options for buyers and helps to stabiliz ...

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Monday, July 15, 2024   /   by Richard Eimers

HUD UPDATES 203(K) PROGRAM: A GAME CHANGER FOR DESTIN AND SANTA ROSA BEACH REAL ESTATE

As a seasoned real estate expert, I’m excited to share some significant news that could reshape the landscape of homeownership and investment in the Destin and Santa Rosa Beach communities. The U.S. Department of Housing and Urban Development (HUD) has recently updated its 203(k) program, making it easier for homeowners to purchase fixer-uppers or refinance and repair their homes. This update is particularly relevant for those looking to invest in or enhance properties in our beautiful beachside communities.Richard Eimers July 15, 2024

Understanding the 203(k) Program
The 203(k) program is a unique FHA loan that allows buyers to finance both the purchase and renovation of a home through a single mortgage. Traditionally, obtaining financing for a home purchase and subsequent renovations required separate loans, often leading to higher costs and more complex processes. The 203(k) program simplifies this by bundling the costs into one loan, making it an attractive option for tho ...

  beach road realty, richard eimers, eimers group, housing market, mortgage rates, property market, real estate news, real estate market, housing market trends, mortgagerates, real estate trends, homeownership, real estate, home prices, housingmarket, real estate insights, home sales, homebuying, realestatetrends, real estate investment, realestate

Monday, July 8, 2024   /   by Richard Eimers

BEYOND THE HEADLINES: THE REAL STORY BEHIND HOUSING MARKET RESILIENCE IN 2024 AND BEYOND

In recent years, the U.S. housing market has been a topic of intense discussion and concern for many Americans. With memories of the 2008 financial crisis still fresh in many minds, coupled with current economic uncertainties, it's understandable why some fear another housing market crash. However, economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond. Let's explore why this perception exists and what the experts are saying about the current state of the housing market.
By Richard Eimers July 8, 2024
The Roots of Housing Market AnxietySeveral factors contribute to the widespread concern about a potential housing market crash:
Historical Precedent: The 2008 housing crisis left a lasting impact on the American psyche. Many who experienced or witnessed the devastating effects of that crash remain wary of similar scenarios.
Rising Home Prices: The rapid increase in home prices over the past few years has led some to believe we're in a bub. ...

  beach road realty, richard eimers, eimers group, housing market, mortgage rates, property market, real estate news, real estate market, housing market trends, mortgagerates, real estate trends, homeownership, real estate, housingmarket, real estate investment

Monday, July 8, 2024   /   by Richard Eimers

WHY SAVVY INVESTORS ARE EYEING DESTIN'S BEACH RESORT MARKET NOW

As we move through 2024, the Destin area beach resort real estate market continues to evolve, presenting both challenges and opportunities for experienced buyers. With the memory of recent market fluctuations still fresh, many seasoned investors are keenly watching for signs of change, particularly in mortgage rates and inventory levels. However, experts caution against a wait-and-see approach, suggesting that the current market conditions may offer unique advantages for those ready to act.
By Richard Eimers July 8, 2024
The Mortgage Rate Landscape
While there's been anticipation of significant rate drops, the reality has been more nuanced. As of the latest data, 30-year fixed mortgage rates are hovering around 6.86%, down from the 2023 peak but still elevated compared to pre-pandemic levels. Projections from industry leaders such as the Mortgage Bankers Association and Fannie Mae suggest rates may ease to around 6.5% to 6.7% by year-end. For experienced investors familiar with mark ...

  beach road realty, richard eimers, eimers group, housing market, mortgage rates, property market, real estate news, real estate market, housing market trends, mortgagerates, real estate trends, homeownership, real estate, housingmarket, real estate insights, homebuying, realestatetrends, real estate investment

Beach Road Realty
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL
850-259-1798
Beach Road Realty

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