Category: Live South Florida Realty, Inc

It has been well documented in this blog and on other sites that the real estate market has been on a tear for the past year. A recent estimate shows that homeowners gained approximately 3.1 trillion in home equity over the past 12 months. With inventory dropping by 24% nationwide, this has resulted in price… Continue reading COVID-19 and real estate: market changes in 2020

Did you know? The fertility rate is at its lowest level in 100 years. In 1985, the percentage of home buyers with children was 58%. As of 2020, this percentage dropped to 33%. Interestingly, this trend has been observed across multiple racial groups as follows: non-Hispanic white women = -2% Hispanic women = -1% Black… Continue reading U.S. women are having fewer children. How does this impact real estate?

This is a common question being asked by renters in the real estate market right now. With home prices continuing to rise and inventory remaining low, many may feel that they will be priced out of the market soon. Although this is a common feeling for many renters, the decision of whether or not to… Continue reading Should you buy a home or keep renting?

Should I list my house for sale now? This is a common question that we hear from clients these days. Needless to say, strong buyer demand combined with slim housing inventories means that sellers have more negotiating power than ever. As a matter of fact, the supply of homes for sale is at a record… Continue reading Should you sell your home now?

2020 was certainly a transformative year for the real estate market. In particular, the luxury market saw some consistent trends as well. Record-low interest rates paired with demand at an all-time high for single-family homes, resulted in extremely low inventory levels and multiple bidding wars across several luxury markets. South Florida, in particular, has also… Continue reading The luxury real estate market reveals shifting buying trends

The real estate market is still red hot just as it has been since the late spring and early summer of 2020. With this said, many real estate agents are optimistic that the current rollout of the various COVID-19 vaccines could provide some more momentum to the housing market. Did you know? More than 50… Continue reading COVID-19 vaccine and the real estate market

As Americans are preparing to file their 2020 taxes, we thought it would be a good time to look at how some states rank in regards to property tax rates. A recent study by WalletHub analyzed tax data on all 50 states and the District of Columbia. Although the amount varies wildly, the average American… Continue reading A guide to property taxes: Which states are the highest & lowest?

Overall housing supply has caused some strain on the real estate market for some time now. This has been no different for the new home market as builders have had a difficult time keeping up with the demand. In addition, supply chain challenges and a surge in lumber prices has also caused some new home… Continue reading Optimism in the new home market, but challenges remain

For most Americans, buying a home is the largest investment they will make in their lifetime. Although buying a home with your significant other can be an exciting time, you must also be prepared for the various pitfalls that may occur throughout the process. While you and your partner may have shared many details with… Continue reading Crucial questions to ask your significant other prior to buying a house

Throughout most of 2020, most Americans cited a desire for more space as the primary reason for moving. Given the stay-at-home orders and many working and/or attending school virtually, this was completely logical. While obtaining additional space is still a major factor, financial stress has recently become another primary driver behind the various moves. According… Continue reading Why are so many Americans moving during a pandemic?