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Selling a Home In South Florida 2021, When Is The Best Time of Year?

Selling Your Home in South Florida 2021 Those currently considering selling a home in South Florida are in a good position to do so.  With the year-round warm weather, tropical landscape, and Florida tax benefits, it is no surprise that the Sunshine State is one of the top destinations for those relocating.  This year, due to […]

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6 Things You Need to Know About FSBO in Florida

FSBO Florida You have made the big decision to sell your home in Florida.  Even with a licensed, trusted realtor, selling your home is an undertaking.  Deciding to sell your Florida home without a realtor is even more challenging.  For sale by owner, often referred to as the acronym FSBO, place sole responsibility on the […]

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Amendment 5 Impact on Home Sellers

Amendment 5 Florida On November 3, 2020, Florida residents voted to pass Amendment 5 into state legislation by 51.96% in favor and 48.04% not in favor.  The amendment extends the opportunity for residents with a homestead exemption 3 years rather than 2 to file portability on tax benefits.  With existing home inventory continuously declining, if you […]

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Beware, Rental Scams on the Rise Due to Pandemic 2021

Rental Fraud on the Rise Currently, rental scams and other online fraudulent activity is skyrocketing!  More than ever, consumers are turning to the world wide web for goods and services due to COVID-19 recommendations and restrictions.  There have been 535,664 overall fraud reports from January 1, 2020, to June 29, 2021, according to the Federal […]

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Divorce in Florida, COVID-19 Effects, Who Gets The House?

The Divorce Rate COVID-19 Debate The debate is still out on the effects of the COVID-19 pandemic on divorce in Florida.  According to the Institute for Family Studies, August 2020 divorce data shows filings have decreased by 19% from the previous year.  Although some argue it has brought many marriages closer, there is reason to suspect divorce rates […]

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Refinancing is up 50% in one year, suggesting many will be underwater after a market correction

Mortgage Applications Increase in Latest MBA Weekly Survey Oct 7, 2020 CONTACT Adam DeSanctis WASHINGTON, D.C. (October 7, 2020) – Mortgage applications increased 4.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 2, 2020. The Market Composite Index, a measure of mortgage loan […]

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Florida already facing an affordable housing crisis before pandemic hit, evictions inevitable

Florida was already in the midst of a serious housing shortage long before Covid-19 hit.  Rents far exceeded comfortable numbers for most average wage earners.  With massive amounts of job loss, the recent end of unemployment benefits and no more stimulus on the horizon renters are sliding further into debt and many have stopped paying […]

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Are Mortgage Delinquencies a sign of looming market change in Florida?

Mortgage delinquencies are one of the biggest issues facing the South Florida real estate industry.  We have 389,000 Florida mortgages over 90 days delinquent. This is a massive indicator of market change. Mortgage Delinquencies & Florida Unemployment According to a report by real estate data analytics firm Black Knight, Florida’s 10.52% May mortgage delinquency rate was fifth-highest […]

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Evictions will have a real impact on the Florida housing market

The COVID-19 Eviction Crisis: an Estimated 30-40 Million People in America Are at Risk: From The Aspen Institute: AUGUST 7, 2020  • EMILY BENFER, DAVID BLOOM ROBINSON, STACY BUTLER, LAVAR EDMONDS, SAM GILMAN, KATHERINE LUCAS MCKAY, ZACH NEUMANN, LISA OWENS, NEIL STEINKAMP & DIANE YENTEL The United States may be facing the most severe housing crisis in its history. According to […]

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Signs that Now is the Time to Sell Your Home

There are many personal reasons why it may be time to sell your home. You may need more space to make room for a growing family or you need to downsize after your kids leave the nest. Whatever your motivations, you want to make sure that you’re timing it right.  The best time to sell […]

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Why are Palm Beach County Home Prices So High?

Why are housing prices soaring in the Palm Beach County Housing Market when there are so many indicators that the economy is struggling? Because of two HUGE market pressures, meager inventory, and extremely low-interest rates. Usually, we don’t know when we have hit the top of the market until prices start to decline.  The current […]

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