Florida: Top State For International Buyers

Florida still attracts the most international home buyers.

According to a recent report from the National Association of Realtors® (NAR), international buyers have faced the same challenges as domestic buyers over the past year. In their latest report dating from April 2022 through March 2023, foreign buyers purchased $53.3 billion worth of U.S. existing homes. This figure comes in at 9.6% lower than… Continue reading Florida: Top State For International Buyers

What Is An Adjustable-Rate Mortgage (ARM)?

Rising rates are resulting in more buyers opting for an adjustable-rate mortgage.

An adjustable-rate mortgage (ARM) is a type of home loan with an interest rate that changes over time. The initial interest rate is typically lower than that of a fixed-rate mortgage, but it can go up or down after the introductory period ends. This means that your monthly mortgage payments could also go up or… Continue reading What Is An Adjustable-Rate Mortgage (ARM)?

The Pros And Cons Of Buying A Fixer-Upper

Buying a fixer-upper can be a great option in a low inventory housing market.

It is no secret that significant inventory challenges continue to persist in the real estate market. With this said, buying a home that requires some significant rehabilitation becomes an even more likely scenario for many home buyers in the current market. Buying a fixer-upper can be a great way to get a more affordable home… Continue reading The Pros And Cons Of Buying A Fixer-Upper

The Latest Interest Rate Hike: What Does It Mean For Real Estate?

The latest Federal Reserve key interest rate hike could have more impact on the real estate market.

The Federal Reserve raised interest rates by 0.75 percentage points on July 27, 2022, the largest increase since 1994. In fact, this now puts the Federal Reserve’s key interest rate at its 22-year high. Interestingly, many real estate economists have been advising against these recent hikes citing concerns for the housing market and overall economy.… Continue reading The Latest Interest Rate Hike: What Does It Mean For Real Estate?

Are Investor-Owned Homes Putting More Strain On Housing?

Are investors buying up all the housing inventory?

With home prices steadily rising over the past several years, there is no doubt that it has been a strong real estate market for sellers. Of course, a consistent theme in the market has been a persistently low inventory of homes for sale. With both home prices and mortgage rates rising rapidly over the past… Continue reading Are Investor-Owned Homes Putting More Strain On Housing?

What Is A Land Survey?

A land survey includes measuring and recording the boundaries, elevation levels and angles of a parcel of land.

If you have ever purchased a property, then you likely have had a land survey conducted. When it comes to land development, construction, and management, a land survey is a critical step. So what exactly is a land survey? A land survey is a process of measuring and mapping the boundaries of a piece of… Continue reading What Is A Land Survey?

Reasons To Buy Waterfront Property In South Florida

South Florida waterfront property can be a great lifestyle and investment.

Florida is home to some of the most beautiful beaches in the world, as well as a variety of other waterways, including rivers, canals, and lakes. Needless to say, South Florida is a popular destination for people who want to live or vacation near the water. For many, owning a waterfront property in South Florida… Continue reading Reasons To Buy Waterfront Property In South Florida

Top Challenges To Home Buying

Buyers continue to face many home buying challenges.

It is no secret that the housing market has been on fire in recent years. Although there are signs of it slowing down, home buying continues to be a challenge in many markets. In fact, the challenges to home buying may be getting more difficult in high demand markets such as here in South Florida.… Continue reading Top Challenges To Home Buying

Home Prices Likely To Stabilize

Home prices are more likely to stabilize rather than drop in South Florida.

Although the housing market has slowed down considerably throughout the country since 2021, many markets throughout the south region are still tracking well above long-term models for home prices. The housing market in the South has been one of the hottest in the country over the past few years, with home prices soaring and inventory… Continue reading Home Prices Likely To Stabilize

Should I Buy A House Now?

Buying a house is a big decision and your timing can be critical.

“Should I buy a house now or wait for prices to come down?” This is a common question that we receive fairly often from clients and it is perhaps one that you have been wondering about as well. The housing market is a complex and ever-changing landscape. It can be difficult to know when is… Continue reading Should I Buy A House Now?