How the Fed’s March Rate Hike Affects Homeowners, Buyers, and Sellers

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After months of hinting, the Federal Reserve announced an increase in the benchmark interest rate by a quarter of a percent in mid-March. The change in rates has not disturbed the stock market and mortgage lenders. As for the housing market, expectations are that mortgage rates will hit the 4.5 – 4.75% range by the end of the year. Here’s how …

Real Estate Expectations for 2017

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After a turbulent but generally positive year for real estate in 2016, many potential home buyers, sellers, and investors look forward to 2017 with anticipation. What should we expect for South Florida in the coming year? In general, a more toned-down version of 2016 is likely, but with a few caveats. Across the country, home values are expected to increase …

Why Rising Interest Rates Could Lower Home Values

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The last couple of years have been great for the Florida real estate market. Homeowners have seen huge gains in property values, with many areas experiencing double-digit increases. But is this growth sustainable? If not, how much longer will it last? Some industry experts suggest that home value appreciation may slow down in the near future. Other forecasters say we …

Choosing the Best Offer for Your Home

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There’s no doubt that homeowners are faring well in the current housing market. Because of a shortage of homes for sale, we remain in a seller’s market. Homes that are located in desirable areas remain in high demand. For many sellers, especially those whose home are listed in the range of $400,000 and under, this means receiving multiple offers soon …

8 Ways to Get the Best Price for Your Home in Today’s Market

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With summertime upon us, real estate markets all across the country are about to experience some of their most active months of the year. For sellers, this is great news: it means that there will be plenty of people out there shopping for their next home. But while a spike in market activity means a greater number of potential buyers, …

Boca Raton Houses for Sale and Mortgage Rate Increases

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If you’ve been looking at Boca Raton houses for sale, you’re watching gradual price increases. Despite a stock market slowdown, prices of homes in Boca have not yet noticed a downturn. One reason is, as in every town where the school system is highly rated, Boca Raton home prices tend to maintain a better value. Lack of supply and too …

Solving the Home Appraisal Mystery

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You’ve finally made the decision to put your home up for sale. And it wasn’t easy. Because you love this house. You’ve raised your family there. You and your spouse have built a life there. But because the time to sell has arrived, you’ve made an appointment with your favorite real estate agent to take a look at the house …

Real Estate Outlook for 2016

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As the year 2015 comes to an end, our small portion of the world (South Florida), as well as most of the nation, is looking at a lack of housing inventory, especially for first time home buyers in the $450,000 and under category. The real estate outlook for 2016 does not look like it will improve that particular situation markedly. The FED has …

Are you really ready to buy (or sell) your first home?

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Recently, a reporter asked me if I’d ever run into buyers who appeared ready to purchase but then changed their minds. “A few times,” I told her. “But why did they change their minds?” she asked. “Was it the house? Was it price? Was it emotion?” I thought about it for a couple of minutes, and then told her about …

Why Now May Be the Best Time to Sell Your Boca Raton Home

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  Wondering about the best time to sell your Boca Raton home? It may be right now.  Because according to the National Association of Realtors (NAR) sales of pending homes increased by 3.4% in April.  This is the highest monthly level seen since back in 2006. In addition, their data says that the days on market (DOM) of homes are lessening, which means they …