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Homebuying is Affordable in Today’s Market

There comes a time in everyone’s life to upgrade and buy a single family home. The health crisis doesn’t change this in today’s market. Despite COVID-19 families are outgrowing their homes, some are moving for job positions, and others need to upgrade because they are expecting an addition to the family. Understanding how home affordability […]

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Homebuyers are Purchasing Today

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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Home Equity is Growing

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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Has the Economic Recovery Begun?

Wall Street Journal performed their monthly Survey of Economists and reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic.” The US Bureau of Labor Statistics […]

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Real Estate Leader in Best Investment Poll

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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Week of June 1st, 2020 in Review

The labor sector dominated the headlines as the ADP and Bureau of Labor Statistics Jobs Reports for May were released. First up on Wednesday, the ADP Report showed 2.76 million job losses in the private sector during the month of May. While this remains a devastating number, it was also significantly better than expectations, which […]

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Is a Recession Here? Yes. Housing Crash? No.

The National Bureau of Economic Research (NBER) announced on Monday that the United States economy is in a recession. A recession is defined as: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of […]

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Shocking Unemployment Report

The U.S. Bureau of Labor Statistics released the May Employment Situation Summary on Friday. Most predicted that the unemployment rate would increase to 20% from the 14.7% announced last month. The results were shocking. The Wall Street Journal said: “The May U.S. jobless rate fell to 13.3% and employers added 2.5 million jobs, blowing Wall Street expectations […]

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Time to Sell Your Vacation Home?

COVID-19 has hit the travel industry the hardest. Even as things are starting to reopen, it is difficult to tell how long it will take for people to start traveling and taking summer vacations. That industry may take time to recover. Airbnb has over 660,000 listings in the United States. Homeowners who rent their vacation […]

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Reasons To Be a Homeowner

Some Highlights June is Homeownership Month Now is an excellent time to become a homeowner If you are contemplating whether it is the right move for you, call us so we can help you Prestige Waterfront Realty has South Florida’s Real Estate Experts that will help you through every step of the way. Call 954-830-7000 […]

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Home Buyer Wish List

Bottom Line Realtor.com performed a survey to ask what homeowners want to change about their home. More space Updated kitchen Home gym Extra room If you are thinking about selling your home, let’s talk! Call South Florida Real Estate Experts at Prestige Waterfront Realty at 954-830-7000. Let us help you move to a more desirable […]

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A Shift to the Suburbs

Traditionally many people across the country love to purchase homes in urban cities. Populated cities give the advantage of being close to entertainment, shopping, restaurants, and grocery stores. Being able to walk to main attractions without commuting is a perk of city living. The disadvantage of living in the city is lack of space and […]

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Unemployment Report

Last week the Bureau of Labor Statistics released that the unemployment rate has jumped to 14.7%. This number is predicted to be higher next month. This rate indicates how many families are undergoing financial hardships as a result of COVID-19. Although the unemployment rate is terrifyingly high, it is important not to exaggerate. Many are […]

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The Day Americans Return to Work is Coming

Last updated on May 11th, 2020 at 01:38 amSome Highlights Let’s reflect on what historical leaders have taught us about difficult times The day that all Americans can return to work is coming. Stay positive. We are resilient and will bounce back from this. Thinking of buying or selling a home in Florida? Contact Prestige […]

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