Category: Live South Florida Realty, Inc

Merry Christmas from Live South Florida Realty, Inc.!

The demand for single-family home rentals has remained extraordinarily strong for the past year. Since the pandemic, many Americans have been moving out of multi-family units in search of single-family homes that provide more space. This led to single-family rent price growth throughout 2020. Recently, CoreLogic released its Single Family Rent Index (SFRI), which analyzed… Continue reading Record single-family home rent price growth

Mortgage forbearance is a government program that provided reprieve from mortgage payments to Americans when the pandemic took a toll on their incomes. Although it did not forgive this debt, it essentially delayed payments to allow Americans to get back on their feet financially. With most forbearance programs coming to an end now, we are… Continue reading No wave of foreclosures expected

South Florida property values have skyrocketed over the past year and this is now also evident in property tax bills received last month. While many believed that the pandemic would slow down the real estate market, it has only accelerated it instead. In Broward County, home values rose 4.3% from last year. Meanwhile, Palm Beach… Continue reading Higher home prices = higher property taxes

Did you know? According to a report from the National Association of REALTORS® (NAR), women could not legally obtain a mortgage without a co-signer until 1974. Fast forward to the present time, and now single women have risen to the top of the home buying trend. In fact, only married couples buy more homes (as… Continue reading Single women are outpacing single men in home buying

If you have kept up at all with real estate headlines during the past 2 years, then you are likely well aware of the housing inventory constraints across the country. This tight inventory of homes for sale combined with historically low mortgage rates and more people relocating throughout the country has resulted in a record… Continue reading Tight housing inventory: Is there relief in sight?

Low mortgage rates have played a significant role in stretching the buying power for many home buyers over the past year and a half. With home prices rising at a rapid rate, these low rates have allowed many buyers to still have a chance at home ownership in this market. Looking ahead, most real estate… Continue reading Mortgage rate forecast for 2022

Everyone buys a home with the intention to build equity. Unfortunately, sometimes unexpected life experiences and expenses occur and homeowners end up owing more on their mortgage than their home is worth. This typically occurs when financial setbacks require the homeowner to borrow money against the home. Of course, in the event that home prices… Continue reading Selling a home when you owe more than it’s worth

It is no secret that rental prices have risen dramatically across the nation. According to a recent report from Apartment List, the national median rent price is up over 16% since January. In fact, some cities are even seeing increases that are double this figure. Nearly 40% of renters searching for apartments were looking in… Continue reading More New Yorkers are moving to South Florida

Throughout the country, approximately 1 in 5 home buyers were investors as opposed to homesteaders in Q3 2021. This percentage is actually an increase from the 16.1% figure observed in Q2 2021. When compared to Q3 2020, this percentage is almost double the 11.2% of investors seen then. Overall, investors purchased a record 90,215 homes… Continue reading South Florida is seeing a higher proportion of real estate investors