Top 9 Best Family-Friendly Neighborhoods to Live in Delray Beach, FL

Are you searching for the perfect neighborhood to raise your family in Delray Beach? With its beautiful beaches, excellent schools, and variety of family-friendly communities, Delray Beach is a top choice for families looking for a blend of suburban living and coastal charm. Whether you're seeking a luxurious gated community with resort-style amenities or a peaceful neighborhood with access to parks and waterfront views, Delray Beach has something for every family. In this guide, we'll explore the top 9 best family-friendly neighborhoods in Delray Beach to help you find the perfect home for your loved ones.

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Seven Bridges

Seven Bridges is a luxurious, gated community that…

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Governor Ron DeSantis has committed to providing relief for condo unit owners facing escalating costs due to mandated structural safety inspections and reserve fund requirements for future repairs. However, despite the governor’s promise, the current compliance deadline of December 31 remains unchanged for condo buildings over two stories that turned 30 years old before July 1, 2022.

What Does This Mean for Condo Associations?

Condo associations must submit a Milestone Inspection report to identify any structural deterioration in their buildings. They are also required to conduct a Structural Integrity Reserve Study, which evaluates the lifespan of essential components like roofs, fire protection systems, plumbing, and electrical systems. This study…

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With every presidential election, many people wonder how the results will affect the housing market. It's natural to feel uncertain during such times, but it's essential to separate fact from fiction. This article breaks down the real impact elections have on real estate and why you shouldn't let politics dictate your real estate decisions.

Do Elections Really Impact the Housing Market?

While it’s true that election years can bring about uncertainty, historical data shows that presidential elections have minimal impact on the housing market's overall performance. The key factors that influence the market are interest rates, inventory levels, and buyer demand—none of which are directly tied to election results.

What the Data Says

Election…

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Governor Ron DeSantis is calling for a solution to the skyrocketing condo assessment fees that have left many Florida condo owners struggling. He urged lawmakers to take swift action and deliver relief by the end of this year.

Following the 2021 Surfside condo collapse, Florida passed stringent safety reforms requiring inspections and structural repairs on older buildings. While these new regulations aim to enhance safety, they’ve also led to a surge in special assessments, putting financial pressure on condo owners, especially retirees and those on fixed incomes.

DeSantis emphasized that while safety is a priority, the financial burden on condo owners needs to be addressed. "People should not have to choose between paying for essential safety…

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Hey, it's Andy with the Mandel team. And I'm here to bring you your August, 2024 housing market update.

As always, for the purposes of these videos, we're talking about single family homes only. So no condos, no townhouses, no 55 and over and no country clubs. Those are wildly different markets.

And we're talking about Boca Parkland and Coral Springs. Those are the areas where our team does the predominant amount of our business.

So I want to give you the leading indicator showing you what happened last month in July. So, you know, where the market is headed. Not where it's been.

A lot of times when you hear these stats from the national news media, they're talking about closed sales price, which is really indicative of what happened…

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Mortgage rates have recently dropped to their lowest levels of the year, creating a great opportunity for homebuyers and those looking to refinance. Our preferred lender offers a competitive rate of 6.375%, which is about 0.25% to 0.5% lower than the national average.

If you're considering purchasing a $750,000 home with a 10% down payment, your mortgage would be $675,000. At our lender's rate of 6.375%, your monthly principal and interest payment would be approximately $4,211.

Just 30 days ago, the rate was around 7%, making the payment on the same mortgage roughly $4,491. By securing a loan at our lender’s current rate, you could save over $280 per month compared to last month’s rates.

With these favorable conditions, now is the perfect time…

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Have you heard about the changes to how everyone in America buys or sells real estate? If you’re planning on buying a home anytime in the future after August 17th, 2024, you need to listen to this. There is a lot of misinformation out there, so I’m going to give you the truth, read the contracts to you, and explain how this whole thing works. So make sure you stay to the very end. Knowing about these changes and how to navigate them could save you from paying a ton of money to a real estate agent.

The Old Way: How Real Estate Commissions Were Handled

Previously, when a seller listed a house with a real estate agent, if the seller chose to offer compensation to a potential buyer’s agent, that amount was entered into the MLS for all agents to…

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Hey, it's Andy with the Mandel team and I'm here to bring you your July 2024 housing market update.

As always, we're going to be talking about single family homes only. So no condos, no townhouses.

We're going to be primarily focusing on Boca, Parkland, and Coral Springs. That's the area where our team does the predominant amount of our business.

So when we talk about these areas, we're talking about no country clubs, no 55 and overs, we want to give you the leading indicator showing you what happened in the real estate market last month, so you know where the market is headed, not where it's been.

A lot of times when you hear these stats from the media, you're hearing about you know, closed sales price, which is really indicative of…

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In May 2024, U.S. home prices rose by just 0.3% from the previous month, marking the smallest increase since January 2023. This slow growth is attributed to a slight rise in new listings, providing buyers with more options amidst high mortgage rates. Despite a 7.2% year-over-year increase, the pace is plateauing, suggesting a cooling market.

The Redfin Home Price Index (RHPI) indicates this trend, which uses repeat-sales pricing to measure changes in single-family home prices. While the housing shortage remains severe, it's easing compared to last year, with new listings increasing gradually. This slight increase in supply has alleviated some pressure on sale prices.

Chen Zhao, Redfin’s Economics Research Lead, noted that cooling inflation could…

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As we navigate through 2024, the U.S. housing market presents a compelling narrative shaped by robust job growth and significant homeowner equity gains. This dual perspective offers a deeper understanding of the market dynamics influencing both homeowners and potential buyers.

Big Job Growth in May 2024

In May 2024, the U.S. economy added 272,000 jobs, much more than expected. This strong job growth is helping the economy and making life better for workers, who are now seeing their wages grow faster than inflation.

Even though job growth is strong, the unemployment rate went up a bit to 4%, ending a 27-month period of very low unemployment. This shows that even in a strong job market, there are still challenges to face.

Key Highlights:

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