News, Market & Selling Florida Updates

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings.

That’s because we care about the community and want to help you find your place in it.

Dec. 7, 2018

Is it bad that Mortgage Rates are going up?

Yes they are going up. Now this mean that what now is the time to act before you have to pay slightly more. Now keeping in mind that we came from the market for close to 10 years, where the entire nation has been recovering for a recession. In the large picture rates and are still very low. See below.

Let's Look at the 30 Year Fixed rates

 

If you are considering a move now is the time to speak to a real estate professional to guide you on where to upgrade. Search our featured areas or contact us today for additional information. 

 

Posted in Buying
Dec. 7, 2018

5 Reasons to list your Home during the Holidays

Posted in Customer, Selling
Sept. 24, 2018

Royal Oaks Real Estate Activity Report

Welcome to your most current neighborhood real estate activity. This report is specially designed for you, with local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in becoming knowledgeable in what happening in your local real estate marketplace in general.

Please click here to view Royal Oaks Real Estate Activity Report

The Market Report contains the latest information from the National Association of REALTORS®, key market indicators and real estate sales statistics, summary of sales, properties under contract, sold properties,  maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

Please click here to view Royal Oaks Real Estate Activity Report

If you are interested in determining the value of your home, Type in your address below for a free evaluation report. For a more in depth look please Call today to speak to one of our agents at: (954) 580-6715 

Posted in Customer
Sept. 21, 2018

Pembroke Pines Real Estate

Our website features the best Pembroke Pines real estate search for homes, condos, land and foreclosure properties available. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor’s database every 15 minutes.  Click here

Pembroke Pines Communites

 Please reach out if you have any questions at all. We’d love to talk with you!

Posted in Market Updates
Sept. 4, 2018

Buying Myths 2018

Buying Myths Highlights:

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!

Posted in Buying, Customer
Sept. 1, 2018

Are Existing Home Sales Down?

Why Existing Home Sales Down?

The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is down, and wages are beginning to rise. This begs the question: “Where are the buyers?”

Actually, agents in the field of most communities are still seeing strong desire from prospective purchasers. They have a list of potential buyers ready to go if the right houses come on the market and they claim it is not a shortage of demand, but is instead a shortage of inventory that is causing the market to soften.

Why is there a shortage of inventory?

You only need to look at the graph below to understand:

New construction sales over the last ten years are far below historic numbers from 1995-2002.

A recent industry report looked at building permits and concluded:

“If construction over the past decade matched historic norms, accounting for population change, the country would have had 2.3 million more single-family home permits.”

That decade of not building enough homes is the primary reason for the concerns about today’s market.

Wait, weren’t we talking about ‘existing’ home sales?

Some may argue that NAR’s sales report deals with existing home sales and not new construction, and they would be correct. However, reports have shown that one of the main reasons why existing homeowners are not selling is because they can’t find homes that meet the needs of their current lifestyles. Historically, the upgrades in a newly constructed home were the answers to those needs.

Over the last decade, however, there were fewer homes built to satisfy this move-up seller. Consequently, there are many homeowners who stayed in their homes for a longer tenure, instead of putting their homes up for sale.

Bottom Line

As more new homes are being built, there will be more housing inventory to satisfy current demand which will cause prices to moderate and sales volumes to increase.

 

Posted in Buying, Selling
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates