While today’s supply of homes for sale is still low, the number of newly built homes is increasing. If you’re ready to sell but have held off because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve been waiting for.

The latest Census data shows the inventory of new homes is increasing this year (see graph below):

With more new homes coming to the market, this means you’ll have more options to choose from if you’re ready to buy. Of course, if you do consider to move into a new apartment or a newly built home, you’ll want to keep timing in mind. The supply shown in the graph above includes homes at various stages of the construction process – some are…

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Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market.

But is that the best move? Buying a home is one of the most important transactions in your lifetime, and it’s critical to keep your best interests in mind. Here’s a breakdown of what to expect from the appraisal and the inspection, and why each one can potentially save you a lot of time, money, and headaches down the road.

Home Appraisal

The home appraisal is a critical step for securing a mortgage on your home. As Home Light explains:

“. .…

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Known as the only new development when it comes to single-family homes in Boca Raton, the Royal Palm Polo is luxury at its best. Upon entering the prestigious community, you are welcomed by street-lined Royal Palm trees that are a truly majestic sight.

Royal Palm Polo, Boca Raton is located off of Jog Road and Clint Moore Road and has estate-style homes, with the majority having views of the water. Each home can be customized depending on the different choices that are available but regardless of what style you choose, you will have a beautiful and stylish new home.

Read along as we talk about the top 5 reasons to live in Royal Palm Beach, Boca Raton.

1. The amenities are endless

You will be impressed by the beauty of the residences just…

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Lotus, Boca Raton is one of the newest and most modern housing developments that is available in South Florida. The lifestyle that this community provides is contemporary and modern. With 12 different home designs that you can choose from, you will surely find the best fit for you and your family’s needs. While there are plenty more than 5 reasons to live in Lotus, Boca Raton, in this blog we will focus on the top!

Each and every beautiful home that makes up this community has a stunning and modern design with every small detail taken into account. You will be in awe of the sculptural detail accentuated with the entryway design that is truly one of a kind.

Living in Lotus, Boca Raton will give you some of the best amenities that are in South…

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As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed.

But what do these terms mean? The housing market today is anything but normal, and it’s still an incredibly strong sellers’ market, especially when compared to the few years leading up to the pandemic. With that in mind, what can previous years tell us about today’s real estate market and if it’s truly slowing?

We’re Still Seeing an Above Average Number of Sales

You may see headlines about a drop in home sales. But are those headlines telling the full story? The most…

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Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category.

That same NAR data also shows today’s inventory of single-family homes is trailing behind the level we saw last year (see graph below):

Because of the ongoing supply challenges, buyers can feel like they’re wandering across a vast, empty desert when searching for their next home. That means your house could provide an oasis for buyers thirsty for options –…

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Hey, it's Andy with the Mandel team at Remax. And today, I'm on location in one of my favorite neighborhoods here in east Boca Raton, the Golden Triangle.

The Golden Triangle neighborhood is located east of Federal Highway, it's just east of downtown Boca. There's a section of it called Golden Harbour, which are a little finger lake streets on a canal that leads you right out to the intercoastal. So, they have some dry lots, and they have some waterfront lots where you can park your boat outside, and get right out to the Lake Boca inlet, in just a couple of minutes drive on the boat. The Golden Triangle is located just east of Mizner Boulevard. You can literally walk to all the shops, and restaurants, and nightlife, and all the fun things to do…

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The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

According to the latest research from the National Association of Realtors (NAR):

Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built up by price appreciation and paying off the mortgage.”

An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down to future generations. The Federal Reserve in an addendum to their Survey of Consumer Finances explains:

“There are numerous ways families can…

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A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include:

  • The flexibility to make the space your own
  • The pride homeownership offers
  • The sense of stability

In the same survey, 41% of respondents say they’d rather own a home than rent because of the unique way homeownership builds wealth over time.

And experts agree – the home you own is an important tool for building your net worth. Here’s what many of those experts have to say about building long-term financial stability through homeownership.

According to the National Association of Realtors (NAR):

“Homeowners who purchased a typical…

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Hey, it's Andy with the Mandel Team at REMAX. And I'm here to bring you your October 2021 Housing Market Update. As always, when we do these videos, we want to look at the leading indicators to show you where the real estate market is headed, not where it's been. And we're going to do our primary focus on Boca, Parkland, and Coral Springs. Those are the areas where we do the predominant amount of our business. We're talking single family homes only, no country clubs, no 55 and over. So let's get into it.

The first stat we'd like to look at is the number of new listings hitting the market, the supply. That on average between the three cities is down 13%. At the same time, we're seeing the number of homes going pending and coming off the market…

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