The Top Misconceptions In The Real Estate Market

The current transitioning real estate market can lead to some common misconceptions.

As we approach the holidays, many Americans will likely attend various cocktail parties and other social events. As is common, the topic of real estate and home prices will likely be discussed. With this said, there is typically no shortage of opinions out there regarding real estate, real estate investing, and the overall future of… Continue reading The Top Misconceptions In The Real Estate Market

What To Consider Before Starting Your Home Addition

With higher home prices and rising interest rates, more homeowners are opting to renovate.

Given the high home prices, rising mortgage interest rates, and lack of inventory of homes for sale, many homeowners have opted to embark on a home addition or remodel instead. Although out-of-control inflation has led to significant price increases for materials, many homeowners are choosing to remain in place and take on a construction project.… Continue reading What To Consider Before Starting Your Home Addition

Is Land For Housing Becoming Scarce?

There is an increased demand for home building but a lack of available land.

As has been well chronicled over the past few years, the lack of inventory of homes for sale has provided significant headwinds for home buyers in recent history. In addition to limiting the options of homes for these buyers, it has also led to persistently high and rising prices. Needless to say, a lot of… Continue reading Is Land For Housing Becoming Scarce?

More Equity-Rich Homeowners In Florida

A larger proportion of Florida homeowners are equity-rich.

Home ownership is one of the best ways for Americans to build wealth. In a sense, owning a home is like having a forced savings mechanism that should build as your home appreciates. Three common ways that home ownership can build wealth are as follows: 2 of 3 Florida mortgage holders have 50%+ equity Roughly… Continue reading More Equity-Rich Homeowners In Florida

Florida Rental Prices Are On The Rise

The South Florida rental market should remain strong in 2023.

The current environment of high inflation and economic uncertainty is prompting many renters to stay put across the country. In most markets, this is leading to a stabilization or even a slight decrease in rental prices. Of course, not all markets are created equal. Like with most things in real estate, The Sunshine State is… Continue reading Florida Rental Prices Are On The Rise

Top Challenges For Real Estate In 2023

The 2023 year will likely bring on some of the same challenges.

Last week the National Association of Realtors®’ (NAR) annual convention took place in Orlando, FL. Each year this meeting is attended by some of the brightest minds in the real estate market, including real estate agents, brokers, and economists. As is typical, there was much discussion about the future of the housing market and what… Continue reading Top Challenges For Real Estate In 2023

A Housing Market Rebalance

The housing market continues to rebalance.

As we begin to enter the festive holiday time of the year, there is no doubt that many Americans will be attending various social events and cocktail parties. Not surprisingly, in areas such as South Florida, the topic of real estate oftentimes comes up. Of course, this year’s conversations will likely sound a bit different… Continue reading A Housing Market Rebalance

Home Prices Up Nearly Everywhere In Q3 2022

Home prices continued to rise in Q3 2022, albeit at a slower rate.

Although the housing market is transitioning from the ferocious seller’s market of a year ago to more of a buyer’s market, we have still seen home price increases across most metro markets. In fact, 98% of metro markets saw higher home prices in Q3 2022. According to the National Association of Realtors® (NAR), home prices… Continue reading Home Prices Up Nearly Everywhere In Q3 2022

Emotional Support Animals And Real Estate

We continue to see a spike in the number of emotional support animals in real estate.

Walk into any supermarket, restaurant, or other establishment across the country and chances are that you will see a dog, cat, or other pet sporting an emotional support animal vest. Actually, many of these pet owners may not even bother to place the vest on their animal. Unlike service animals like guide dogs or seizure… Continue reading Emotional Support Animals And Real Estate