Luxury Waterfront Real Estate 
With the end of the year, fast-approaching condo associations throughout South Florida are tackling budgeting issues for 2023. In addition to increasing maintenance fees resulting from recent condo legislation requiring more frequent inspections and forced budgeting for upcoming work, condos are starting to realize that they are facing massive insurance hikes as well. As COVID […]
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America has had a very challenging 2020. A global pandemic, a financial crisis with millions still unemployed, and an upcoming presidential election. Despite all these issues, the real estate market shows resilience and strength. Here is what the experts are saying. Ivy Zelman, CEO of Zelman & Associates: “Whether in terms of pending contract activity […]
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As we all know most Americans continue to work remotely from home. In addition, they are worried about living in populated areas because of COVID-19. Will this cause people to move out of large cities into the suburbs? Spending more time at home and need for larger space is definitely causing interest in homebuyers to […]
Read More2020 has been quite the year. From COVID-19 to historically high unemployment rates and finally the economic recession. Despite all these challenges, the homeownership rate rose in quarter 2 of 2020. Americans are still confident about buying a home even during the crisis. The U.S. Census Bureau said: “The homeownership rate of 67.9 percent was 3.8 percentage […]
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First time homebuyers made up 35% of the homebuyers in the month of June. This trend is building and steadily increasing through the year. The National Association of Realtors says: “The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending […]
Read MoreThe country is still struggling with COVID-19, however the real estate market is resilient. Three reports were recently released showing the housing market is growing. 1. Ivy Zelman’s Real Estate Broker Survey This survey showed that buyer demand is high: “This month’s overall homebuyer demand rating…was easily the strongest sequential gain in our survey history…Strength continues to […]
Read MoreEveryone is looking for signs of economic recovery. Most experts currently believe that the economy will see a full recovery in the third quarter of 2020. They also believe that the housing market will be the factor that brings us out of the recession. Builder confidence may be the spark needed to start the recovery. […]
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The current economic recession and worldwide pandemic has had a big effect on the nation an its consumers. As a result it is very difficult to forecast and predict consumer behavior and how home prices will be affected. In a normal scenario, this would be determined by a formula. Supply of homes for sale divided […]
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Mortgage rates are at a historic low and are projected to remain low through the next year. This is a big incentive for homebuyers. Low interest rates means lower monthly payment or higher buying power. Homeowners who are looking to sell also have an opportunity to take advantage of those eager homebuyers. According to FreddieMac: […]
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One of the best things about the 2020 real estate market is that homeowner equity is high. CoreLogic recently released a report that stated that in almost every state there was a year-over-year 6.5% equity increase. According to the report: “CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all properties) have seen their […]
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Lending Tree recently did a survey on 1,000 potential buyers. 53% are likely to buy a home within the next year. The pandemic has not changed the plans of these homebuyers. The survey results below show the reasons why people will be buying within the next year: Let’s break down why these are a few […]
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Gallup conducts an annual survey to poll Americans on what their best long-term investment is. The choices are: real estate, stocks & mutual funds, gold, savings/CDs, or bonds. Real estate is the leader in the survey for the 7th year. According to Gallup: “Real estate remains the most favored investment to Americans, as has been […]
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Some Highlights Let’s connect today if you are planning on selling. It is a great time. If you are trying to purchase, we can help! From the mortgage pre-approval to the closing. We can help every step of the way!
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Normally Spring is a very busy season for the real estate market. This year things have been quite different. As the COVID-19 pandemic spread, many sellers were cautious about listing their homes for sale. They were afraid about people coming into their homes for showings. They are also concerned with getting low offers since there […]
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