What a difference just a few months makes in the housing market! It was only several months ago when spring home buyers were bidding up homes with hopes of winning the home ownership sweepstakes of paying well above listing prices. Fast forward a few months with record inflation and thus rapidly increasing mortgage rates and… Continue reading South Florida Home Sales Drop As Inventory Edges Higher
Category: Live South Florida Realty, Inc
Florida: A Stable Housing Market
Well, it is official. Economic data released this week confirmed what many of us have known for some time now. The United States economy is in a recession. As a reminder, a recession is defined by two consecutive quarters of falling gross domestic product (GDP). Today’s GDP figure that was released reflected -0.9% growth. Therefore,… Continue reading Florida: A Stable Housing Market
Florida’s Back-To-School Sales Tax Holiday
Did you know? The 2022 Florida Back-to-School Sales Tax Holiday runs from Monday, July 25th through Sunday, August 7th. With record high inflation and the country in a recession, any savings are welcomed savings these days. Below, we will highlight some qualifying items as well as some restrictions to the program. For a more detailed… Continue reading Florida’s Back-To-School Sales Tax Holiday
Is It Cheaper To Rent Instead Of Buy?
The recent run up in home prices of the past few years has many asking the same question that surfaces at some point each year: “Is it cheaper to rent instead of buy a home?” Of course, the answer to this question is multifaceted and highly dependent on your local area and personal situation. Recently,… Continue reading Is It Cheaper To Rent Instead Of Buy?
Foreclosures Are On The Rise (Back To Normal Levels)
For the past several years, foreclosure filings have been at historically low levels due to mortgage forbearance. For those that may not be aware of mortgage forbearance, this is when a mortgage lender allows a borrower to temporarily pay their mortgage at a lower payment or pause their payments altogether for a period of time.… Continue reading Foreclosures Are On The Rise (Back To Normal Levels)
Are More Americans Moving To Florida Than Ever?
There is no doubt that we have seen an abrupt slowdown in the real estate market. Market dynamics such as high home prices, record inflation & fuel prices, and now rapidly rising mortgage interest rates have certainly halted much of the buyer activity. With this said, recent housing data in Q2 of 2022 indicates that… Continue reading Are More Americans Moving To Florida Than Ever?
Florida Rental Prices As Compared To The Nation
Have you considered owning rental property as part of your investment strategy? Understanding Florida rental prices as compared to the nation may help in your decision to becoming a landlord. The recent run up in both home prices and now mortgage interest rates has many more Americans opting to rent a home, instead of buying… Continue reading Florida Rental Prices As Compared To The Nation
Palm Beach County May Drop the Millage Rate: What This Means For You!
If you are a property owner, then you likely are familiar with millage rates. Essentially, millage rates are the tax rates used to calculate property taxes. This rate equals the amount homeowners must pay for every $1,000 of a property’s assessed value. As an example, the current millage rate at the county level in Palm… Continue reading Palm Beach County May Drop the Millage Rate: What This Means For You!
Most Popular Home Design Trends
Home design trends can vary from state to state and year to year. Recently, the home insurance site Confused.com conducted its annual report on the latest home trends across the U.S. Overall, 4 home design trends surfaced as the most popular across the country. They were as follows: Modern Farmhouse Tuscan Japanese We briefly describe… Continue reading Most Popular Home Design Trends
Timing The Real Estate Market
Some of the most common questions that we receive from clients are: “Is this a good time to buy?” or “Is this a good time sell?” Much like the stock market, we are always trying to time things perfectly. The reality is that even the professionals in these respective industries do not know when to… Continue reading Timing The Real Estate Market