Category: Live South Florida Realty, Inc

The past several years have brought upon significant home price appreciation throughout the country. In particular, The Sunshine State has seen a record number of Americans relocating here from other states. In fact, it is not just families that are relocating to Florida. We are also seeing many businesses moving their headquarters south. With housing… Continue reading Welcome to Florida…Sort of…

The full U.S. housing stock is now worth an estimated $43.4 trillion. This figure comes after home values in the U.S. gained a record $6.9 trillion in 2021. For comparison, this is nearly double what was previously the largest annual gain of $3.7 trillion in 2005. Continued strong buyer demand combined with a limited supply… Continue reading Home Values Have Doubled in the Past Decade

Real estate has always been a great way to diversify your investments while also supplementing your income. However, a recent analysis from 2020 shows an even more impressive return. According to the U.S. Census Bureau, the average full-time worker earned about $50,000 before taxes. By comparison, the home value index climbed 19.6% in 2021 to… Continue reading Housing Income Surpasses Regular Income

Negative equity (a.k.a.: underwater or upside-down mortgages) applies to borrowers who owe more on their mortgages than their homes are currently worth. Fortunately for homeowners, skyrocketing home prices have greatly reduced the amount of underwater mortgages throughout the country. In fact, as of Q4 2021, just 1.1 million homeowners nationwide have negative equity. This is… Continue reading Record Low Levels of Negative Equity for Homeowners

You certainly do not need to be an economist to realize that inflation is spiraling out of control. At the current moment that this article is being written, the last estimates for inflation put it at 7.9%. In other words, this is a 40-year high! Essentially, the price of basically everything that you buy is… Continue reading Mortgage rates are on the rise

As with many things, the real estate market can be cyclical. Walk into most homes built before the 1980’s and you will quickly realize some differences as compared to more modern homes. Over time, there has certainly been a push for larger homes. In particular, features such as walk-in closets would have never existed years… Continue reading Homes are getting bigger

The foreclosure rate throughout the country has been artificially low during the past two years thanks to government programs such as The CARES Act, which allowed for mortgage forbearance. With these programs ending several months ago, we are now beginning to see foreclosures back on the rise. In fact, the month of February saw foreclosures… Continue reading The return of foreclosures: Should you be concerned?

A record number of Americans have been looking to relocate to less expensive markets during the past few years. Since the start of the pandemic, a significant driver for these moves has been the desire for more space. With social distancing becoming a part of our everyday language, the popularity of suburbs and areas providing… Continue reading The most common relocation destinations

Known as The Great Reshuffle, many Americans have opted to relocate and even switch jobs during the past year or so. With the pandemic forcing many people to social distance, many employers have adopted a distributed or remote working environment. This has resulted in the removal of most boundaries for where many Americans live. As… Continue reading Top priorities for relocating Americans

As the pandemic took hold across the globe, we saw the amount of foreign investment in U.S. real estate plummet. Of course, given the various travel bans and restrictions this was completely expected. However, as COVID-related travel restrictions began to lift last year, we saw foreign investors flock back to the U.S. housing market. This… Continue reading Foreign investment in U.S. real estate returns