Waterfront Properties | Real Estate Blog - Real Estate 101

U.S. HOUSING MARKET STILL GROWING with HOUSING STARTS FALLING SLIGHTLY

The U.S. housing market continues to recover even with a slight dip in housing stars (i.e. new home construction). Due to a strengthening economy and gains in the job market, the housing market has been positively affected and continues to strengthen. 

However, in 2014 we saw an overall increase of 19% in housing start ups and as of January 2015 that number has fallen. “U.S. housing starts fell 2% in January from a month earlier to a seasonally adjusted annual rate of 1.065 million,” the Commerce Department said Wednesday, February 18. This dip reflects a decline in new construction of single-family homes. This decrease reflects solely on new construction of single-family homes NOT apartment complexes. Nor does the dip affect the market for already…

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NEW YORK TOURISM SITE REDIRECTS VISITORS to SOUTH FLORIDA

You can almost continuously tip your sun hat by the ending of another flawless day in South Florida. It is the state with the sunniest winter climate on the east side of the United States as well as the highest temperatures on average during the winter months. “The climate has always been Florida's most important natural resources, which is reflected in its official nickname, the Sunshine State."

According to the Palm Beach Post and New York Daily News, the tourism office in Ithaca, New York is waving the flag urging visitors to go to Florida instead! Stating that “The home page displays Sunshine State vacation photos and provides links to the website for tourism information about the Florida Keys and Key West. The National Weather Service say anywhere…

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JOB GROWTH & A STRENGTHENING ECONOMY EXPECTED TO BOOST HOME SALES IN 2015

Infographic: National Association of Realtors   2015 is full steam ahead with positive market trends in more than one market! Well into February and 2015 is continuing to show signs of a healthier economy in the United States. “Existing-home sales are forecasted to rise about 7% in 2015 behind a strengthening economy, due to solid job gains and a healthy increase in home prices,” according to National Association of Realtors’ Chief Economist, Lawrence Yun.

As the American economy continues to improve and job gains accelerate the ripple effect onto markets such the housing market, especially in home sales. Last year across the nation, 2.95 million new jobs were added to the American economy. Many larger, metro markets (around cities) show the…

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NEW REPORT suggests LIFESTYLE AND INVESTMENT are affected by LOCATION…SOUTH FLORIDA!

Wealth-X, the world’s leading “ultra-high net worth (UHNW defined as having a net worth of over $30 million) intelligence and prospecting firm with the largest collection of curated research” for the mega rich, noted in the recently released  “Global Luxury Residential Real Estate Report 2015” that nearly $3 trillion of the world’s private wealth is held in owner occupied residential properties.  The report also forecasts “an ongoing shift in the wealth creation cycle from the West to the East.”  Main hubs of luxury real estate are New York City, London and Hong Kong.

Luxury residential real estate is a core component of the high net worth market.  Lifestyle and investment are affected by location.  According to Forbes annual list of richest…

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WHO ARE TODAY’S HOME BUYERS AND SELLERS?

The National Association of Realtors (NAR) has released an infographic depicting the 2014 Profile of Homebuyers and Sellers. The report unveiled a great deal of information about who is buying and who is selling their home here in the U.S. and why. The profile includes statistics about their age and income, the home search process, the characteristics of homes purchased and how buyers financed their purchase. The following is a summation of NAR’s findings. 

WHO’S BUYING? 

As of 2014, only 33% of homebuyers across the nation were first-time homebuyers, the lowest percentage since 1987. The year before that, 2013, only 38% of buyers were first time. The other median numbers given by the NAR report include the median home size of 1,570 square feet…

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ROB THOMSON of WATERFRONT PROPERTIES attends WHO'S WHO in LUXURY REAL ESTATE INTERNATIONAL SYMPOSIUM

The 9th Annual Luxury Real Estate International Symposium was held Tuesday, January 20th through Thursday, January 22nd in Venice, Italy.  Rob Thomson, owner and Managing Partner of Waterfront Properties and Club Communities, attended the conference of top real estate brokers from around the globe.  The symposium allows the most prominent global luxury brokers, nationally and internationally, to discuss current real estate trends affecting high net worth demographics.

The event brought together the “best real estate brokers from all across the United States, Europe and Australia to discuss international real estate trends, digital marketing ideas and insight on pleasing clients in regards to marketing, negotiating and concierge service and more.” …

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WHAT YOU CAN ANTICIPATE FOR 2015'S HOUSING MARKET!

The New Year is here and so are the predictions for the new housing market. After a strong end to 2014’s housing market, experts are predicting another robust year for the 2015. The infographic shown above is based on a National Association of Realtors (NAR) Chief Economist Lawrence Yun’s expectations for the 2015 housing market. 

A quick summation of Yun’s findings includes his prediction of an even better year for the housing market. He attributes the rising market to the bolstering United States economy, “solid” job gains and a healthy increase in home prices. Currently the United States gross domestic product (GDP) is over 4 percent. When GDP is this high economists label the nation’s economic state as “fantastic.” Historically, GDP growth…

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2015's Housing Market Predictions and Estimates

Predictions for the housing market in Palm Beach County for 2015 resemble the trends we saw in 2014. In 2014’s market the year began with double-digit price surges and a lack of inventory but it quickly steadied and leveled out. The local housing market is kicking off the New Year with substantial price increases, scarce inventory levels and bidding battles between buyers much like last year’s trend. However, experts and analysts are expecting this boom to stabilize at some point mid-year. These experts are calling this year’s market trends “the first full year of normal following a decade of extremes.” 

Don’t be confused by these “normal” predictions. Normal is a very positive description for this market. Bill Hardin, the director of the Hollo…

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FLORIDA DREAMING- The Path to Endless Summer!

To most people, Florida means seaside relaxation, beautifully landscaped golf courses, awesome fishing and waterfront properties with a semi tropical climate! In the weather world, Florida plays by a different set of guidelines than the rest of the country. “Predictably, residents shivering in northern towns began to turn their eyes toward the red on the map, and as the 80-degree highs were forced further south, Florida stood strong in frustrating the rest of the country to no end.”

Florida, known for the beautiful warm weather, the sand between your toes, and the total leisure bundle, The Sunshine State, is just lounging in the temperateness, dodging from cold fronts and snow storms, while the rest of the country freezes it’s... Oranges... off!  

The…

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CATO’S BRIDGE BEACH

Cato’s Beach Bridge, as the locals know it, is a sandy white shoreline, near the Jupiter Lighthouse, and just north of the bridge, is quite possibly one of the most outstanding natural areas in the state.  Located along the west side of the Intracoastal Waterway and south of the Jupiter Inlet Bridge, this “swimming hole” stays crystal clear all day! 

Cato’s beach is not a beach in the true sense of the word but a sandy shoreline that is bio-diverse.  It is full of warmhearted memories of residents of Jupiter, Tequesta, and Hobe Sound.  Many countless lazy days and warm summer nights have been enjoyed.  The barbeques on the beach, jumping off the nearby rope swings or  just watching the boats go by the turquoise blue waters of the Intracoastal…

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