Need another reason to sell your home? Home sales gains are the highest in a decade, according to the National Association of Realtors.

For the third month in a row, home sales are on the rise in all major regional areas on the east coast of the country, like Palm Beach County.

Home sales increased 5.6% last month to a seasonally adjusted annual rate of 5.81 million. Sales now are 3.8% higher than a year ago and in the strongest place since December 2006.

Lawrence Yun, a chief economist at the NAR, says “Faster economic growth in recent quarters, the booming stock market, and continuous job gains are fueling substantial demand for buying a home as the 2017 comes to an end.” He also says the odds of closing on a home are much better at the…

2493 Views, 0 Comments

Read Full Post

 

Certain styles can make your home look older even if it's a new house. Some quick and easy updating before putting you home on the market will make a big difference to buyers. Here are the styles that make your listing look dated according to the National Association of Realtors:

1. Bright and bold paint colors on walls. Turquoise might have seemed like a good idea at the time, but if you want to add color to the home it's better to do with pieces like pillows and vases. Neutral and warm colors are safe and always in style. 

2. Animal prints. At some time, someone somewhere came up with the idea that leopard and tiger prints on chairs and couches made them look more expensive. It's actually a big turn-off to home buyers if you're selling…

4386 Views, 0 Comments

Read Full Post

The housing picture is improving in 2018. Home prices will still climb but not as fast, more homes are expected to be for sale at the end of the year giving prospective buyers a greater selection, while homeowners will have more equity to borrow from. Here are some trends to anticipate according the Florida Realtors Association:

1. Home Prices Decelerate

Home price appreciation is cooling down in 2018 after an intense few years. Prices jumped 6.3% in 2016 and are shaping up to be right around 6% this year. But median forecasts among six industry lender groups estimate a 4.1% increase in existing home prices nationwide next year. A contributing factor to this is the large number of new home construction we are seeing. Newly constructed…

3312 Views, 0 Comments

Read Full Post

 

According to the National Association of Realtors, December can be one of the best times of year to buy a house. Here are a few reasons why:

Less Competition and Better Prices

The holiday spirit is in your favor: many realtors have found that home buyers often do well in the negotiation process during the winter months. And, instead of having to compete with a lot of buyers who are keen on moving in before the school year begins in the summer months, the dip in demand actually pushes prices down and can create a mini buyers’ market.

More Time to House Hunt

The time off around the holidays gives buyers more time to explore and search for specific wants. Instead of using up weekends and skipping out on things, house hunting can be done…

2543 Views, 0 Comments

Read Full Post

Luxury home buyers are looking for anything but cookie-cutter. They want unique architectures, colors, materials, and textures that other buyers haven't seen. Convenience, style, and recreation opportunities are at the top of their wish list. Here are some trending designs:

Earth Tones and Mixed Metals

Pantone's colors of the year are Greenery, Hazelnut, Kale, and Flame. They are used on walls or as pops of color for accents. Antique brass, rubbed bronze, brushed nickel- mix them all. Luxury home designers say there's no reason to stick to one metal throughout the house, the variety adds flavor to the home. This includes fixtures, vases, lamps, etc., giving the space an industrial minimalist look.

Professional Grade Kitchens

Bigger is…

4402 Views, 0 Comments

Read Full Post

In October 2017, Americans purchased homes at the fastest pace in a decade- a 6.2% monthly increase nationally, and a 16% monthly increase in Palm Beach County, according to the Florida Realtors Association.

Why are people buying?

One contributing factor could be the result of the national interest rate on 30-year fixed mortgages continuing to drop. Last week mortgage rates dropped from 3.95% to 3.92% in comparison to 4.03% in 2016 (National Association of Realtors). Historically, lower mortgage rates have helped drive home sales and those looking to refinance the market.

A healthy job market and low national unemployment rate of 4.1% could also be driving people to purchase homes. Palm Beach County currently has a strong economy with areas…

6937 Views, 0 Comments

Read Full Post


Perhaps the most famous name associated with Jupiter’s history is the DuBois Family. Many locals are familiar with the famous DuBois Park off of the Jupiter Inlet, where you can picnic, swim and snorkel with family and friends in a protected lagoon. The name we know so well as just a beach park is much more than just a park. The DuBois Family were some of the first and most famous pioneers of Jupiter. 

The family’s charming waterfront cottage was theirs from the early 1920’s until 2012. Now the Honeymoon Cottage is on the market for any one of us to own for a cool $1.65 million. The estate is everything you can imagine when it comes to old Florida but with contemporary updates that give this home all of the feel of laid back island life with all of the…

6798 Views, 0 Comments

Read Full Post

 

A summary of July 2017 existing home sales in South Florida  indicates sales data showing that housing market activity this July fell from last month, but improved from last year. 

Sales of homes on the market slipped to their lowest level of the year in July 2017. As the conversant undercurrents of "lean supply and enthusiastic demand lingers. It continues to strain the housing market, although it reached 5.44 million,” according to Association of Realtors  The Association of Realtors also noted “that it was down 1.3% from a downwardly-revised June pace. While July’s pace was 2.1% higher than a year ago, it was the lowest since last August”. 

NAR Chief Economist, Lawrence Yun stated in July, that “homes are selling fast, strong demand meant…

9442 Views, 0 Comments

Read Full Post

 

Consumers using the Internet in their homebuying process in South Florida continues to grow. Interestingly, those buyers are more likely to use a real estate agent, than not use a real estate professional according to an annual survey from the National Association of Realtors.

The National Association of Realtors, “Profile of Home Buyers and Sellers”, included survey responses from thousands of individuals who purchased a home during a one-year period of time. The seller information in the report is from those buyers who also sold a home. Home buyers who purchased a home during that time period, the highest share ever ,92 percent, used the Internet to search for a home. 

The Internet is a part of getting your marketing strategy and is an…

5072 Views, 0 Comments

Read Full Post

 

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…

3595 Views, 0 Comments

Read Full Post