Key Takeaways for South Florida Home Buyers and Sellers

The real estate market is a complex and ever-changing landscape that can be difficult to navigate. As we move through 2023, it's more important than ever for buyers and sellers in South Florida to understand the intricacies of the market. This blog aims to provide a comprehensive breakdown of key insights from a recent industry webinar. From understanding the psychology of the market to leveraging home equity, we'll cover everything you need to know to make informed real estate decisions in South Florida.

The Inventory Conundrum

Inventory—or the lack thereof—is one of the most talked-about issues in today's real estate market. Many homeowners are reluctant to sell due to low mortgage rates.…

964 Views, 0 Comments

Despite a recent minor dip in mortgage rates, the volume of mortgage applications lately has plummeted, reaching its lowest point in nearly three decades.

According to Mortgage News Daily, the average 30-year fixed-rate mortgage sat at 7.25% as of September 13th,  significantly higher than last year's rate of 5.89% at this time.

Freddie Mac’s Chief Economist, Sam Khater, notes that while the economy continues to perform well, rising mortgage rates are dampening the enthusiasm of potential homebuyers. Positive economic news as of late is, paradoxically, pushing mortgage rates higher, complicating the affordability equation for buyers.

Although rates could moderate in the near future due to a slowdown in inflation and job market activity, the high…

306 Views, 0 Comments

When it comes to living in Boca Raton, there's no shortage of incredible neighborhoods to choose from. From charming, family-friendly areas to luxurious communities fit for royalty, Boca Raton has it all. Depending on your budget and lifestyle there is a neighborhood for everyone. Let's dive into our top 10 best places to live in Boca Raton!

1. Boca Square

Boca Square offers a wonderful blend of affordability and community spirit. This area is particularly favored by families and young couples because it is walking distance to Addison Mizner Elementary & Middle School.

Most homes are 1-story and have mid-century architecture. With a variety of parks, recreational spaces, and nearby shopping options, Boca Square is a top choice for those looking…

8728 Views, 0 Comments

Relocating to a new city can be a complex process filled with questions. If you're considering moving to Boca Raton, Florida, you probably have a list of queries you're eager to resolve. In this guide, we'll tackle the top 8 frequently asked questions about relocating to this bustling South Florida locale.

1. What is the Cost of Living in Boca Raton?

One of the first questions you may have about moving to Boca Raton pertains to the cost of living. The area offers a broad range of residential opportunities, from budget-friendly condos to ultra-luxurious waterfront estates. Boca Raton is more expensive than other Florida cities because of its affluent neighborhoods, fancy amenities, and great coastal spot. However, there are various cost-effective…

1041 Views, 0 Comments

Boca Raton, Florida, located in Palm Beach County, is often portrayed as a paradise with its idyllic beaches, upscale neighborhoods, and a bustling economy. However, no place is perfect. Below are the top 10 reasons you may want to think twice before making Boca Raton your new home.

View All Homes For Sale In Boca Raton, FL

1. High Cost of Living

The cost of living in Boca Raton is about 30% higher than the national average. While the area offers many luxury amenities and services, these come with a steep price tag. High grocery bills, elevated healthcare costs, and pricey dining options can strain budgets, especially for those without a substantial income or financial cushion.

As of September 2023, the lowest priced single family home in Boca…

4937 Views, 0 Comments

Are you considering a move to sunny Boca Raton, FL? Well in this blog, I’m going to break down the Pros and Cons to see if moving to and living in Boca Raton is right for you and and good place to raise a family so if that interests you, make sure you stay tuned until the end.

Pro #1. Pristine Beaches

We have some of the most beautiful beaches you can imagine here in Boca Raton and the best part is they aren’t as crowded and busy as beaches in nearby cities like Deerfield Beach or Fort Lauderdale. The beaches are way more private and the city tries to reserve them for Boca Raton residents.

If you live within Boca Raton city limits which is roughly as far west as the Turnpike, you can get a beach permit which is $75 per year. This gets you access…

5241 Views, 0 Comments

When considering a move to a new city, it's essential to delve deep into the local economy and job market. Fort Lauderdale, Florida, often referred to as the "Venice of America" due to its intricate canal system, offers a unique blend of waterfront living, a vibrant job market, and diverse industries. In this guide, we'll take a closer look at Fort Lauderdale's economy, highlighting key sectors, major employers, and promising career prospects.

Fort Lauderdale Industries: A Diverse Economic Landscape

Fort Lauderdale's economic landscape is multifaceted, offering opportunities across various sectors. Here's a detailed exploration of the key industries driving economic growth in the area:

Tourism and Hospitality

Fort Lauderdale's allure as a…

1481 Views, 0 Comments

Boca Raton Economy: Top Industries

Boca Raton, Florida, is not only known for its beautiful beaches and vibrant culture but also for its diverse and thriving economy. If you're considering a move to this sunny paradise, it's essential to understand the key industries that drive the local economy.

Healthcare and Biotechnology

Boca Raton boasts a robust healthcare and biotechnology sector. With world-class medical facilities like the Boca Raton Regional Hospital and the presence of research institutions, it's no surprise that this industry is a significant contributor to the local economy.

Finance and Banking

As one of the wealthiest cities in Florida, Boca Raton is a hub for financial services. Numerous banks, investment firms, and hedge…

961 Views, 0 Comments

Last week was marked by a flurry of activity in the job market, generating a wealth of data that caught the attention of the Federal Reserve. This begs the question: have we reached the peak of mortgage rates for 2023 due to these labor reports? 

Nationally, last week saw:

  • Active listings increase 5,654
  • Average mortgage rates dropped from 7.37% to 7.08% (our preferred lender is still significantly lower than this)
  • Purchase applications also climbed by 2% on a week-to-week basis.

Mortgage rates and the bond market

Mortgage interest rates typically move in the same direction as the 10-year US Treasury Bond. Despite a rise in the 10-year yield after the jobs report, mortgage rates remained steady.

But in 2023 a notable change has…

210 Views, 0 Comments

In June, the housing market demonstrated remarkable resilience despite the challenges posed by low supply and elevated mortgage rates. The S&P CoreLogic Case-Shiller home price index, after seasonal adjustments, registered a noteworthy 0.7% month-over-month increase. This marks the fifth consecutive monthly upswing in prices. Additionally, both the 10-City and 20-City composites saw encouraging growth with increases of 0.9%.

When compared to June of the previous year, the home price index remained relatively stable, showing a marginal change from the preceding month's decrease of -0.5%.

Craig Lazzara, the managing director at S&P DJI, noted, "U.S. home prices maintained their upward trajectory in June 2023." He further elaborated that the National…

206 Views, 0 Comments