Category: Live South Florida Realty, Inc

The iconic Neverland Ranch once owned by Michael Jackson was recently sold for $22 million! From 1998 to 2005, the King of Pop owned the 2,700 acre ranch located at 5225 Figueroa Mountain Road, Los Olivos, CA 93441. The ranch has since been renamed to its original name of Sycamore Valley Ranch. Jackson moved out… Continue reading Michael Jackson’s Neverland Ranch Sells for $22 Million

Did you know? According to a recent CoreLogic report, U.S. home price appreciation outpaced 2019 by approximately 50%. As a matter of fact, the U.S. Home Price Index was up 9.2% in December from a year earlier. This equates to the largest annual gain in 6 years. Heading into the pandemic-induced lockdowns, the future of… Continue reading 2020 U.S. home prices

Did you know? In 2019, 26% of non-retired adults had no money saved for retirement. Given the financial strains caused by the pandemic in 2020, it is expected that this figure may be even higher now. As a matter of fact, a recent study found that approximately 25% of Americans expect to retire later than… Continue reading Where is the best place to retire in the U.S.?

A buyer’s market typically means lower demand for housing while there is a glut of inventory of homes for sale. On the other hand, a seller’s market is marked by high levels of competition and rising home prices. In most cases, you’ll have a harder (and more expensive) time finding a home. Needless to say,… Continue reading Will we see a buyer’s market in 2021?

This is a common question contemplated across the country by many Americans. Although owning a home is still the “American Dream”, home ownership certainly comes with costs. Oftentimes, many of these additional costs come as a surprise to the homeowner due to various maintenance items, etc… A recent study by a real estate research firm… Continue reading Is it cheaper to buy or rent a home?

There is no question that the real estate market is red hot right now, particularly in South Florida. With this said, inventory is also at historic lows making this a particularly challenging market for buyers. While this can be a frustrating time for homebuyers, it is important to not make any of the common mistakes… Continue reading 4 common homebuyer mistakes in a hot real estate market

South Florida has always been one of the most desirable destinations in the U.S. As has been documented on this site and many others, The Sunshine State has continued its popularity through the pandemic with more people moving here. Interestingly, a new report from LawnStarter set out to analyze data to determine the ritziest and… Continue reading The most glamorous city in the U.S.

Did you know? According to a National Association of Realtors report, existing-home sales in 2020 surged to their highest level in 14 years. This equated to a gain that was 22% higher than a year ago. With mortgage interest rates hovering at historic lows, more buyers are expected to enter the market. This has many… Continue reading 2020’s existing home sales hit 14-year high

Did you know? A recent analysis of U.S. Census Department data showed that the U.S. population grew about 7%. With this said, 16 states’ populations declined. This could be an indicator of economic stagnation for these states, but time will tell. On the flip side, the two states that led the nation in population growth… Continue reading Census analysis: Which states grew in population?

Mortgage forbearance is when your lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage for a period of time. Of course, ultimately you will have to pay the payment reduction or the paused payments back at a later date. Due to the pandemic, mortgage forbearance has been… Continue reading Will the end of forbearance result in a wave of foreclosures?