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Category: Florida Real Estate

More Young People Are Buying Homes

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing slightly behind older generations: “Historically, millennials have delayed the critical lifestyle choices often linked to buying a first home, including getting married and having children, in order...

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Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale). An article from the Wall Street Journal shows this is true for new home construction: “Home builders have sold more homes than they can build. Now they are limiting their sales in an effort to catch up.” The article quotes David...

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What Does Being in a Sellers’ Market Mean?

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which...

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A Look at Home Price Appreciation and What It Means for Sellers

When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive deeper into the concept. To truly understand home price appreciation, you need to know how it works and why it matters to you. Investopedia defines appreciation like this: “Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons,...

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beycome announces more than 5,000 houses sold in May 2021

MIAMI, Fla. /Florida Newswire/ — beycome, the digital brokerage that empowers consumers to be their own real estate agent, announced it surpassed the mark of 5,000 homes sold last month. Since its launch in 2017, beycome has saved consumers over $71 million in real estate commissions. The digital service prioritizes service and support over sales. “The focus of our company is to help homeowners become their own real estate agent. With our technology, they handle all negotiations and showings themselves, which in turn allows them to get the most out of their sale. Our users close...

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Key Tips for South Florida Home Sellers During COVID-19 Revealed in New Free Guidebook

MIAMI, Fla. /Florida Newswire/ — The All Florida Home Team, powered by Keller Williams Realty, has published a guide that dispels concerns and misconceptions around selling a home in South Florida during the pandemic. The “Guide to Selling Your Home During COVID-19” shows sellers why now is actually the best time to make a move. Real estate agents, Denise Madan and Joel Freis, of the All Florida Home Team, wrote this guide for people who are sitting on the fence wondering whether this is a good time to sell or not. Madan has more than 20 years’ experience in the real...

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Rates posted assumes 25% down payment, and an ARM and fixed rate first mortgage options on a Florida condotel, secondary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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