Category: Live South Florida Realty, Inc

Did you buy a new home as your primary residence in 2022? Or did you buy a new primary residence in the recent years, but forgot to file for your Homestead Exemption? Now is the time to file for the Homestead Exemption in 2023. This can be easily done through your local county property appraiser.… Continue reading Don’t Forget To File For Your Homestead Exemption

It is no secret that the Federal Reserve has taken an aggressive approach with interest rate hikes over the past year in an effort to combat record high inflation. Needless to say, housing is generally the first sector of the economy to feel the impact of these rising interest rates. So this leads to the… Continue reading Does The Federal Reserve Want Home Prices To Fall?

For the past two years, we have seen U.S. home prices gain by at least 10% on a month-to-month basis. As of the recent data reported for the month of October 2022, this is no longer the case. In fact, the two agencies reporting on home price growth are in agreement as well. The S&P… Continue reading Home Price Gains Fall Back To Single Digits

With much of 2022 being an adjustment period for the housing market, many are wondering what will come in 2023. In addition to where home prices will go, many are curious whether the pace of home sales will remain low as well. Recently, REALTOR®.com published their 2023 forecast for the top housing markets. Overall, this… Continue reading Top Housing Markets For 2023

When looking to buy a home, it is not uncommon to encounter some terms that may be unfamiliar to you. An example of this would be the “right of first refusal” (ROFR). It is also referred to as the “first right of refusal”. Although your real estate agent should be knowledgeable with what these terms… Continue reading What Is A Right Of First Refusal In Real Estate?

We wish everyone a Happy & Healthy New Year from all of us at Live South Florida Realty, Inc.!

With home prices garnering most of the attention over the past few years, it should also be noted that rental prices have also been skyrocketing. In fact, monthly rental prices across the country saw double-digit increases for almost an entire year. However, just like home prices have cooled off, so have rental prices. The month… Continue reading Smallest Increase In Rental Prices In 15 Months

The past year has seen some drastic changes in the real estate market. The month of January saw the final moments of super-low mortgage interest rates below the 3% level. In fact, these incredibly low rates supercharged the housing market from approximately August 2020 through January 2022. In addition to these low rates driving up… Continue reading Will 2023 Be “The Great Stabilization”?

Merry Christmas from all of us at Live South Florida Realty, Inc.!

As a homeowner, you likely recently received and /or paid for your property taxes. In doing so, you may have noticed your property’s assessed value in your statement. Although many homeowner’s may think that a property’s assessed value is the same as its appraised value, this is not the case. We discuss each below as… Continue reading The Difference Between Appraised Value And Assessed Value