Happy 4th of July

By Prestige Waterfront Realty Posted in Homepage On Jul 04, 2022

Best Wishes to All From all of use here at Prestige Waterfront Realty we would like to wish all of you a healthy and safe 4th of July weekend!

With Home Values Surging, Is it Still Affordable to Buy Right Now?

By Prestige Waterfront Realty Posted in Uncategorized On Dec 03, 2020

Inventory is at an all-time low. According to Realtor.com there are 39% fewer homes for sale today than last year. Buyer demand remains strong and as a result there is a shortage of homes available. Research analyst Ivy Zelman explains: “Although the headwind of severe supply constraints in most markets has contributed to slight moderation […]

We Help Our Heroes Find Their Dream Home

By Prestige Waterfront Realty Posted in Economy, Mortgage On Nov 11, 2020

Happy Veteran’s Day! Today we salute and honor all who have served our country. We thank them for their service and commitment to our nation. If you are a veteran we want to remind you that you can take advantage of the VA loans being offered to help you finance your dream home. VA loans […]

Real Estate Is Driving the Economy

By Prestige Waterfront Realty Posted in Economy On Nov 09, 2020

The housing market is playing a major role in today’s economic recovery. Many have gone through major changes in their lives this year. From unemployment, to working from home, to homeschooling. These changes all contribute to people contemplating whether they should buy or sell today. The high buyer demand coupled with the low housing inventory […]

Sellers Are Returning to the Housing Market

By Iliana Tegov Posted in Uncategorized On Aug 19, 2020

Today’s housing market has low supply and high demand. As a result it can be difficult for buyers to get a home under contract. We are slowing seeing that sellers are coming back on the market. This is a great opportunity for buyers. Javier Vivas, Director of Economic Research at realtor.com, explains: “Seller confidence has been improving gradually after […]

Experts Discuss the Strength of the Housing Market

By Prestige Waterfront Realty Posted in Economy, Market Trends On Aug 03, 2020

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 […]

Will Homebuyers Move to the Suburbs?

By Prestige Waterfront Realty Posted in Market Trends On Jul 30, 2020

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 […]

Homeownership Rates Rise in 2020

By Prestige Waterfront Realty Posted in Economy, Market Trends On Jul 29, 2020

2020 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 […]

Guidance is Most Important When You Are A First-Time Homebuyer

By Prestige Waterfront Realty Posted in Economy, Market Trends On Jul 29, 2020

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 […]

Housing Market is Strong

By Prestige Waterfront Realty Posted in Market Trends On Jul 27, 2020

The 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 […]

Homebuying is Affordable in Today’s Market

By Iliana Tegov Posted in Uncategorized On Jul 10, 2020

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 […]

Will New Homes Be Available to Purchase This Year?

By Prestige Waterfront Realty Posted in Market Trends On Jun 30, 2020

Everyone 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. […]

What Are the Experts Predicting About Home Prices?

By Prestige Waterfront Realty Posted in Market Trends On Jun 24, 2020

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 […]

Homebuyers are Purchasing Today

By Prestige Waterfront Realty Posted in Market Trends On Jun 22, 2020

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: […]

Strategies for a Successful Open House

By Prestige Waterfront Realty Posted in Market Trends On Jun 20, 2020

Home Equity is Growing

By Prestige Waterfront Realty Posted in Market Trends On Jun 18, 2020

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 […]

Has the Economic Recovery Begun?

By Prestige Waterfront Realty Posted in Economy On Jun 17, 2020

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 […]

Why Homebuyers Are Ready to Purchase This Year

By Prestige Waterfront Realty Posted in Market Trends On Jun 16, 2020

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 […]

Real Estate Leader in Best Investment Poll

By Prestige Waterfront Realty Posted in Market Trends On Jun 15, 2020

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 […]

Week of June 1st, 2020 in Review

By Iliana Tegov Posted in Economy On Jun 13, 2020

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 […]

Summer will be the busy Real Estate Season in 2020

By Prestige Waterfront Realty Posted in Market Trends On Jun 12, 2020

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!

Are You Ready for the Summer Housing Market?

By Prestige Waterfront Realty Posted in Economy, Market Trends On Jun 11, 2020

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 […]

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

By Prestige Waterfront Realty Posted in Economy On Jun 10, 2020

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 […]

Shocking Unemployment Report

By Prestige Waterfront Realty Posted in Economy On Jun 08, 2020

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 […]

Time to Sell Your Vacation Home?

By Prestige Waterfront Realty Posted in Economy On Jun 05, 2020

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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