Pros and cons of condo living

We discuss some pros and cons to consider when moving into a condo.

Condo living is quite popular in South Florida, particularly along the eastern coastline. The decision to move into a condo is multifaceted. Below we list some of the pros and cons of condo living, as compared to single-family home living. Pros of condo living Home ownership without the maintenance: A major benefit of condo living… Continue reading Pros and cons of condo living

Tips for the final walk through on a home purchase

The final walk through prior to a home purchase is an important step that should not be overlooked.

The moment has arrived! After what was likely a competitive home search, you have gotten through the inspection period, negotiations, property appraisal, and the loan commitment. Now you are set for closing day and the only item remaining is the final walk through of the property prior to going to the closing table. A final… Continue reading Tips for the final walk through on a home purchase

Should you buy a home now or wait?

Many Americans are wondering whether they should buy a home now or wait.

Should you buy a home now or wait? This is a common question being asked my many Americans right now. Whether you are renting a home or are currently a homeowner that is looking for a home that will better fit your needs, you may be weighing the risks and benefits of purchasing a home… Continue reading Should you buy a home now or wait?

Less bidding wars for home purchases

A gradual increase in inventory combined with slightly lower demand has resulted in fewer bidding wars.

If you were in the market to purchase a home during the summer months of 2021 then you probably have firsthand experience with bidding wars. A continued tight inventory of homes for sale combined with increased buyer demand resulted in a record level of bidding wars for homes. Needless to say, this has turned off… Continue reading Less bidding wars for home purchases

More foreign home buyers in the U.S.?

Lighter travel restrictions for foreign nationals may result in more home sales.

The recent run up in housing demand over the past 18 months or so has come largely from domestic buyers. The reason for this has been due to the tight travel restrictions on foreign nationals. This is significant for markets such as South Florida that see a significant percentage of home purchasing activity coming from… Continue reading More foreign home buyers in the U.S.?

Post-pandemic real estate trends

The pandemic has brought upon a trend in more second home sales.

Throughout the pandemic, we have witnessed The Great Reshuffling with many Americans working remotely and thus moving to homes with more space. Although this is still taking place, what post-pandemic trends are we beginning to see? Some observations are quite expected, while others are surprising. We discuss below. A vacation home boom Although we have… Continue reading Post-pandemic real estate trends

Published
Categorized as Home Buying

The trade off: A longer commute for more space

More Americans are opting for a longer commute in favor of more space.

The COVID-19 pandemic has brought on many challenges in how we live, work, communicate, and more. With this said, we have certainly seen some common trends taking shape in the real estate market as well. With the push for more social distancing, we initially saw many Americans fleeing multi-family units in big cities. Instead, these… Continue reading The trade off: A longer commute for more space

Published
Categorized as Home Buying

Is the real estate market cooling down?

Could the real estate market be slowing down as we enter the fall months?

The headlines for the past 18 months or so have not been very positive for prospective home buyers. Limited inventory of homes for sale, increased competition from other buyers, a higher prevalence of cash buyers, and a record number of bidding wars have certainly made it a difficult environment. However, there may be some hope… Continue reading Is the real estate market cooling down?

Relief for first-time home buyers?

We are seeing an increase in smaller homes being listed for sale in South Florida.

The recent run up in home prices has created substantial challenges for first-time home buyers. With many of them being priced out or unable to compete against cash buyers, many of these would-be homeowners have had to opt to continue renting instead. It is well established that the inventory of homes for sale has been… Continue reading Relief for first-time home buyers?

Published
Categorized as Home Buying

A second wind for the real estate market?

The fall housing market may be busier than usual.

Recent housing data is beginning to reflect a more balanced market. In other words, we are seeing less of the home buying frenzy that took place throughout the spring and summer. With this said, could a second wind be in store for the real estate market? According to the most recent Weekly Housing Trends Report… Continue reading A second wind for the real estate market?