Market Updates

There are currently 113 blog entries related to this category.

 

The interest for real estate in the United States remains to flourish. Foreign buyers continue to view the United States as a desirable place to own property. Just last year America’s residential real estate sales to international buyers accounted for $102 billion in sales. Foreign buyers have been inclined to make purchases in warmer climates.  They have traditionally purchased in Florida, California, Texas, Arizona and New York.

The real estate specialists at Waterfront Properties and Club Communities understand that the real estate industry has becoming global.  At an international event attended by Rob Thomson, Managing Partner, in which he personally marketed his listings to real estate professionals from around the globe.

By introducing

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A credit report is a detailed report of an individual's credit history. Credit bureaus collect information and create credit reports based on that information, and lenders use the reports along with other details to determine loan applicants' credit worthiness. In the United States, there are three major credit reporting bureaus: Equifax, Experian and TransUnion. Each of these reporting companies collects information about consumers' personal details and their bill-paying habits to create a unique credit report; although most of the information is similar, there are often slight differences between the three reports. 

Do you realize the importance of a good credit score when it comes to the home buying process? There's a lot of distortion and

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When buying a new house its advisable to have a very innovative idea of what you’re looking for in your next home. The list may be a very long one, but you need to be realistic about what fundamentals are truly “wishes” and which ones are nonnegotiable.  Consider prerequisites as to the number of bedrooms, garages, a fenced yard for a pet, swimming pool, a specific school district, waterfront etc.

Once you’ve gathered up ideas for your new home you’ll need to make a list.  It can be accommodating to divide your list into categories.  Three categories such as nonnegotiable basics, shadowed by items that would be enjoyable to have and your dream features.

A suitable place to start is to figure out what properties are available in your price range

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The 2017 housing market is shaping up to be opportune for both the buyer and the seller. Although mortgage interest rates are on the rise, it hasn’t deterred buyers from purchasing their next home.


Since the presidential election, interest rates have risen from 3.5 percent to 4.2 percent. According to research by the National Association of Realtors, supply and demand graphs show that even while interest rates have gone up, home sales are still increasing, meaning inventory is going down, which could be a motivating factor for people to sell their homes.


But why are people buying even though rates are going up?


The rising cost of rent has been a contributing factor motivating people to purchase a home. In the past few years, the number of

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Today, it is clear that our culture and our existence are dependent on technology and all of its wonders. The world today is a digital one. From socializing, learning or commerce, technology is lifeblood and the world of real estate is no different. 

With apps, stunning websites and the ease of email communication the world of real estate is adapting. Realtor.org recently released a study indicating the power of this change. With apps and websites that allow customers to search by specific location and specific neighborhoods, buyers have the ability to maximize their search and their ability to compare and contrast homes on the market. The ability to do this gives both the buyer and the realtor an advantage. Most of the consumers will have their ideal

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Florida conjures up images of luxurious palatial homes, palm trees swaying in warm breezes, sparkling swimming pools, expansive stretches of sandy beaches, and seas of boats moored in harbors. It’s where luxury living has been elevated to its limits.  Thinking of moving to South Florida in 2017, consider the hot forecast for real estate in 2017.

Expect a hot year for home sales in 2017, per recent forecasts from the National Association of Realtors, the Mortgage Bankers’ Association, Freddie Mac and Fannie Mae and more.

NAR is predicting “existing-home sales to reach 6 million in 2017, higher than its 5.8 million forecast for this year. But other entities are even more bullish. MBA is predicting home sales to eclipse 6.5 million next year,

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Now that the housing market has steadied after more than a decade of difficulties, this could be the perfect opportunity to invest in a home. It is said that South Florida is an earmarked real estate market and it’s driving the prices of real estate up. 

The Case-Shiller 20 City Index noted that home values rose 5.7%.  Leading economists think prices will continue to rise, at least in the interim. Nationally, Miami is considered one of the top 20 metropolitan cities with highest growth forecast.  Topping the list is another South Florida city, Tampa. 

The National Association of Realtors is forecasting a 4.4% increase in existing home prices and in 2017 an increase of 3.4%.  According to Miami Board of Realtors, “South Florida housing

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Image Courtesy of Turtle Beach Construction.

One of the first things many South Florida homebuyers look at when purchasing a new home is the kitchen. The kitchen can "make or break" a home.  In the Palm Beaches, indoor/outdoor living is paramount and the kitchen is the most trafficked room in the house. An upgraded kitchen can make your home stand above others and make it irresistible. 

If considering a kitchen renovation, building a new home, or just an update to your existing decor, take a look at the current design trends for 2016. Some of the hottest trends in kitchens these days, according to Forbes Magazine,  include hardwood floors, transitional styling and white in the kitchen. As a general rule of thumb, spend between 6-10% of the total

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South Florida's MIAMI Association of Realtors (including Jupiter/Tequesta to South Miami areas) celebrates a "milestone 90th anniversary and illustrious history of success and achievements."

 As a client of a Realtor, you can expect honest and ethical treatment in all real estate transaction-related matters. Using a professional Realtor is well advised and advantageous. They are competent members of the National Association of Realtors and here in South Florida, they are members of MIAMI as well. Realtors are not just agents. According to RealtorMag.com, Realtors make a significant difference for home buyers/sellers:

      "1). An expert guide. Selling a home usually requires dozens of forms, reports, disclosures, and other technical documents.

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If you intend to sell your home, it might be a good idea to do a couple of renovations before listing it.  It is also wise move if you have not updated the home in several years.

Remodeling Magazine publishes an annual “Cost vs. Value Report”. The 2016 report disproves most people’s first assumption – kitchen or bathrooms being the remodels that yield the most resale value. According to this report, adding fiberglass attic insulation is the best return on investment.  This simple improvement yielded 117%. 

Renovations that are at the top of the list are:

-         Add fiberglass attic insulation with a yield of 117%.

-         Replace bottom siding on the bottom third of the house with stone veneer at 93%.

-         Exchanging garage

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