CEO of Innovative Mortgage Brokers Featured in Mortgage Professional America

A Glimpse into the Spring Housing Market

Innovative Mortgage Brokers is thrilled to share that our very own CEO, Yury Shraybman, was recently featured in Mortgage Professional America (MPA). MPA is a leading source for news, opinion and analysis on the mortgage industry in the U.S. MPA provides a comprehensive and up-to-date coverage of mortgage and finance trends, making it an essential resource for mortgage and finance professionals across the country. It’s recognized as one of the country’s leading information sources for today’s professionals.

The article titled “What’s in store for the spring housing market?” provides valuable insights on the potential trends in the upcoming spring housing market.

Market Resilience Despite Challenges

Yury discussed the resilience of the U.S. housing market despite the challenges faced in 2023. He predicts a more intense spring mortgage market in 2024 compared to the last year. “I’m thinking that this year, the volume should pick up significantly. I’m expecting the rates to drop just like everybody else,” he said.

Rising Demand in the Spring Market

Yury also highlighted the rising demand in the spring market. Since the beginning of the year, there has been an uptick in purchase queries. This spiking demand brings the potential for feverish competition and multiple offers on properties if things heat up further.

Buyers’ Bidding War

Yury also recalled the trend of prospective buyers upping their bids substantially amidst scores of competing offers during the pandemic. Although this trend has slowed down, properties are not staying on the market for long, as long as they’re priced correctly.

Home Prices and Mortgage Rates

Despite rocketing mortgage rates in 2023, there was little relief for would-be buyers on the home price front. As the market picks up pace in 2024, prices are expected to jump by 3.7% by the end of the year, according to Zillow. For Yury, this means Americans who are in a position to buy shouldn’t hesitate before jumping into the market.

The Future Looks Promising

In conclusion, Yury predicts an exciting and potentially competitive spring housing market. His insights provide valuable guidance for those planning to navigate the real estate market in the coming months. Stay tuned for more updates from our team at Innovative Mortgage Brokers as we continue to monitor market trends and provide expert advice to our clients.

About Innovative Mortgage Brokers

At Innovative Mortgage Brokers we take pride in our customer-centric approach, ensuring we provide the best possible service to our clients. Our team has an in-depth understanding of the local markets, allowing us to provide personalized, effective solutions to each client.

When it comes to residential properties in Pennsylvania (PA) and Florida (FL), we are your go-to mortgage broker. We understand that every client’s needs and circumstances are unique, and that’s why we take the time to understand your specific requirements and goals. Whether you’re a first-time homebuyer, looking to refinance your mortgage, or interested in investment properties, our team can provide the guidance and expertise you need.

At Innovative Mortgage Brokers, we have access to a wide range of mortgage products from various lenders. This allows us to find the most competitive rates and terms for our clients. We navigate the complexities of the mortgage process on your behalf, making it as smooth and stress-free as possible.