Florida Market Update: Homebuyers Gaining Leverage
U.S. Housing Market Update Before we dive into our Florida Market Update, let’s take a look at some national statistics. With interest rates hovering around 7% and the U.S. median sales price reaching $410,200, the second highest value ever recorded, it is no surprise that single-family home sales dropped 18.8% and condominium sales declined 20% […]
Read MoreFlorida Market Update: Homebuyers Gaining Leverage
U.S. Housing Market Update Before we dive into our Florida Market Update, let’s take a look at some national statistics. With interest rates hovering around 7% and the U.S. median sales price reaching $410,200, the second highest value ever recorded, it is no surprise that single-family home sales dropped 18.8% and condominium sales declined 20% […]
Read MoreValencia Communities
South Florida 55+ Valencia Communities The Valencias offer resort-style living in gated 55+ communities throughout Florida. There are eleven Valencia communities throughout Palm Beach County. Constructed by premier builder, GL Homes, Valencia communities feature the highest standard of construction with a focus on energy efficiency, functionality, and aesthetics. These well-appointed homes offer contemporary Mediterranean architectural designs with […]
Read MoreJanuary 2023 Florida Housing Market Update
The Real-ativity January 2023 Florida Housing Market Report reveals that inventory is rapidly increasing, price growth is slowing, and closed sales are way down. Understanding our economic landscape requires analyzing national, state, and local economic indicators. Housing Market strength varies widely from one locality to the next, but being aware of the larger economic outlook […]
Read MoreDown Payment Assistance for Homebuyers
Many potential homebuyers list a lack of savings to cover a down payment as their primary roadblock to homeownership. Budgeting for a home purchase is instrumental to obtaining homeownership, but knowing how much of a down payment will be required and exploring your options for down payment assistance programs are also key. According to a […]
Read More10 Tips to Protect Your Most Valuable Asset
Home Protection Tips What should homeowners do to keep their most valuable asset protected from crime? Home protection is vital to ensure you don’t fall victim to burglary, home invasion, arson, or vandalism. According to the FBI Crime Data Explorer, 362,326 homes were burglarized in 2021. While property crime rates have declined significantly over the […]
Read MoreDecember 2022 Florida Housing Market Update
In our last housing market update, we discussed tips to combat the home affordability crises. While affordability is still a major roadblock for homebuyers, conditions are slightly improving. The pace of accelerating interest rates is projected to slow in 2023. Meanwhile, the inventory of single-family homes for sale in Florida rose 105% year-over-year in November. […]
Read MoreTips for Home Buying Amid Rising Mortgage Interest Rates
Skyrocketing Mortgage Interest Rates Purchasing a home during an affordability crisis, exacerbated by skyrocketing mortgage interest rates, requires creative alternatives. Here you will find some tips to break through the barriers to homeownership posed by rising interest rates and dwindling savings accounts. The average rate on a 30-year fixed mortgage was at 3.41% in the […]
Read MoreNovember 2022 Florida Housing Market Update
Caveats for September Statistics Our November Florida Housing Market update will cover declining closed sales, increasing inventory, and slowing price growth. While these trends have been apparent in recent months, we must take a few factors into consideration when analyzing September statistics. First, Hurricane Ian put the brakes on many transactions throughout the state a […]
Read MoreAugust 2022 Florida Housing Market Update
The Recession Debate Are we in a recession? This fundamental question has gotten quite a bit of media attention lately. While we normally focus solely on the housing market in our monthly market reports, we must address the elephant in the room this month. With the persistent recession debate from experts defending very different opinions, […]
Read MoreHow To Protect Yourself When Buying a House As-Is
What Does It Mean to Buy a House As- Is? In Florida, buying a house as-is is commonplace. The most widely used real estate contract is the “AS IS” Residential Contract For Sale And Purchase. In fact, many listing agents will advise their sellers to reject offers unless they are submitted on the as-is contact. […]
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