Now Is The Time To Keep Looking For Your Dream Home...

Edgar DeJesus • August 24, 2021

Many preapproved buyers are exhausted from looking for a new home for obvious reasons.

  1. Low inventory
  2. High home purchase prices
  3. Too much competition when making an offer


Don’t worry if you’re not a number or data person.


A few key takeaways from the article listed below:


  1. More homes are up for sale
  2. Fewer buyers in the market since school has started back up
  3. Rent prices are only continuing to rise


If you have been recently preapproved and have not found a home, reach out to me. I would love to introduce you to the absolute best real estate agent we know in the marketplace.


Let us help you now since more homes are up for sale, and there is slightly less competition when making an offer, and owning a home means you no longer have to deal with increasing rent prices.


Original Source: WSJ.com

U.S. Home Sales Rose 2% in July Amid Higher Inventory


Median price was $359,900, easing from a record level in prior month


By Nicole Friedman

Updated Aug. 23, 2021 1:40 pm ET


The U.S. housing market remained strong in July, with sales of previously owned homes rising at a faster pace than the prior month as high prices prompted owners to put more properties on the market.


Sales rose 2% in July from the prior month to a seasonally adjusted annual rate of 5.99 million, up from a revised 1.6% gain in June, the National Association of Realtors said Monday. July sales were up 1.5% from a year earlier.


Still, the chaotic market is showing signs of calming down—especially for higher-priced homes—with prices easing slightly and the inventory of homes for sale increasing last month.


In recent weeks, she said, the market has slowed a bit as more inventory has come up for sale and potential buyers are busy with the start of the school year. Rising prices have also priced out some buyers, she said.


“I’ve worked with many first-time home buyers, and you could find them something under $200,000 all day,” she said. “That is challenging now.”


Surging home prices are contributing to demand for rental units and pushing up rent prices around the U.S.


Tiffany and Martin Harrison were frustrated with the lack of inventory when they began shopping in Middletown, Del. They wanted to buy a house over the summer before their children started school.


“What it began to feel like was that we might end up in a townhome…if we wanted to stay in this area,” Ms. Harrison said. The family bought a house for $389,000 in July, but “this was the only four-bedroom single-family home [on the market] that was in our price range,” she said.


While the market could continue to cool in the coming months, economists expect ultralow interest rates and a strengthening economy to underpin demand.


Any slowdown in price gains could also prompt potential buyers who have been waiting on the sidelines to jump back into the market. The Federal Reserve Bank of Atlanta’s homeownership affordability index declined 11.9% in June from a year earlier to the lowest level since 2008, as rising housing prices outweighed the benefit of lower interest rates.


If you have been recently preapproved and have not found a home, reach out to me. I would love to introduce you to the absolute best real estate agent we know in the marketplace.


Let us help you now since more homes are up for sale, and there is slightly less competition when making an offer, and owning a home means you no longer have to deal with increasing rent prices.


Start your pre-approval

Get Ebook

Start Your Mortgage Application with Treasure Coast Home Loans

Your Local Mortgage Broker

Mortgage Broker Port St. Lucie, Florida

Learn More About the Mortgage Process.


Check Out Our Google Verified Reviews

Primary Keywords: physician mortgage loan, doctor mortgage Florida, medical professional home loan,
By Edgar DeJesus February 18, 2026
Physician Mortgage Loans Florida: 100% Financing, No PMI for Medical Professionals Meta Description: Discover physician mortgage programs offering Florida doctors 100% financing with no PMI, flexible student loan treatment, and 680 minimum credit. Learn how medical professional home loans work and who qualifies.
rate lock mortgage, when to lock mortgage rate, mortgage rate lock strategy, float vs lock mortgage
By Edgar DeJesus February 17, 2026
Mortgage Rate Lock Strategy: When to Lock vs Float | Florida Home Buyers Guide Meta Description: Learn strategic rate lock timing that could save thousands. Discover when to lock your mortgage rate vs float, how locks work, 15-day lock savings, float-down options, and avoid costly mistakes. Expert Florida mortgage
home buying timeline
        ∙       mortgage preparation timeline
        ∙
By Edgar DeJesus February 16, 2026
Meta Title: The Strategic 90-180 Day Home Buying Timeline | Florida Preparation Guide Meta Description: Discover the strategic timeline for buying a Florida home. Learn the 90-180 day preparation plan that wins multiple offers and saves thousands. Complete guide for first-time buyers, relocating families, and investors
 what credit score do I need to buy a house
        ∙       FHA credit score requirements
        ∙
By Edgar DeJesus February 11, 2026
Credit Score Requirements for Mortgages: What You Really Need to Buy a Home | Florida Meta Description: Discover the truth about credit score requirements for Florida mortgages. Learn minimum scores by loan type, how scores affect rates, and strategies to qualify even with challenged credit. Meta Keywords: credit score
second home loan requirements
        ∙       investment property financing Florida
        ∙
By Edgar DeJesus February 10, 2026
Learn the critical differences between second home and investment property mortgages in Florida. Understand requirements, avoid occupancy fraud, and finance vacation or rental properties correctly. Meta Keywords: second home mortgage, investment property financing, vacation home loan, second home vs investment property
debt to income ratio

	∙	DTI mortgage

	∙	debt to income ratio mortgage

	∙	how to calculate DTI

	∙
By Edgar DeJesus February 5, 2026
Debt-to-Income Ratio for Mortgages: Complete Guide to DTI Requirements | Florida Meta Description: Understand how debt-to-income ratio affects mortgage approval. Learn what debts count, how to calculate your DTI, and strategies to improve your ratio for Florida home loans. Meta Keywords: debt to income ratio, DTI mor
home inspection negotiation
        ∙       inspection repair requests
        ∙       Florida home
By Edgar DeJesus February 3, 2026
Home Inspection Negotiation Guide: How to Request Repairs Without Losing the Deal | Florida Meta Description: Learn how to negotiate inspection repairs effectively without losing your Florida home purchase. Expert guidance on prioritizing issues, requesting repairs vs credits, and successful negotiation strategies. Met
self-employed mortgage Florida
        ∙       self-employment income mortgage
        ∙       busin
By Edgar DeJesus February 2, 2026
Self-Employed Mortgage Florida: Complete Guide for Business Owners | Get Approved Meta Description: Discover how Florida business owners and self-employed professionals can qualify for mortgages despite tax strategies that reduce reported income. Expert guidance on documentation, income calculation, and approval strate
closing costs Florida
   ∙    home closing costs
   ∙    Florida buyer closing costs
   ∙
By Edgar DeJesus January 29, 2026
Closing Costs Explained: Complete Breakdown for Home Buyers | What to Expect Meta Description: Discover the complete breakdown of Florida closing costs before you’re surprised. Learn which fees are negotiable, how to reduce costs, and what to expect at closing. Expert mortgage guidance. Meta Keywords: closing costs Flo
private mortgage insurance
        ∙       PMI mortgage Florida
        ∙       how to remove PMI
By Edgar DeJesus January 28, 2026
How to Remove PMI: Complete Guide to Eliminating Private Mortgage Insurance | Florida Meta Description: Stop throwing money away on PMI. Learn 5 proven strategies to eliminate private mortgage insurance from your Florida mortgage and keep more money every month. Expert guidance included. Meta Keywords: PMI