Seasonally adjusted annual rate of home sales was 497,000 in June 2013, according to The Commerce Department, which said sales rose 8.3% on an year-over-year basis.
Speculation is that rising interest rates may have had a hand in this as people who had been thinking about buying a home may have moved faster because mortgage were rising during the month. This explanation concurs with my theory about continued rising home prices during the remainder of 2013.
The inventory levels for new homes is also tight, which is similar to existing home sales. USAToday, a national newspapaer, reports inventory of new homes would sell out in 3.9 months at the pace of sales during June 2013. The tight supplies are believed to be contributing to higher prices for new homes. I suspect a similar phenominon for sales of exisitng homes as has been discussed in previous posts.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Wednesday, July 24, 2013
Sunday, July 14, 2013
Lake Worth Rental: South Golfview Road Near Intracoastal, Shopping, Public Parks and Golfing, Restaurants, Bars
South Golfview Road in Lake Worth offers a quiet Florida lifestyle with being very close to all of the action.
You can rent a nice studio at a reasonable price and use the remainder of your budget to enjoy all the area has to offer. South Golfview Road is right across from the Intracoastal waterway and is also across from a park that overlooks the water.
The location is one mile away from all the restaurants, bars, shopping, etc. as well as a public golf course. The Gulfstream condominium community in which the rental is situated offers a community pool; it is ideal for a year-round rental and is available as a seasonal rental as well.
Contact me for more information.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
You can rent a nice studio at a reasonable price and use the remainder of your budget to enjoy all the area has to offer. South Golfview Road is right across from the Intracoastal waterway and is also across from a park that overlooks the water.
The location is one mile away from all the restaurants, bars, shopping, etc. as well as a public golf course. The Gulfstream condominium community in which the rental is situated offers a community pool; it is ideal for a year-round rental and is available as a seasonal rental as well.
Contact me for more information.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Friday, July 12, 2013
Town Villas Community In Boca Raton: A Happy Medium Between Single Family Home and Condominium
| Town Villas in Boca Raton |
The community has certain age-restrictions for residents and has nice amenities for the residents. There is a recreation center that has a clubhouse, tennis courts, swimming pool, card and billiards room, sundeck, auditorium and exercise center.
If you are thinking of selling your home or buying in the area, give me a call.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Wednesday, July 3, 2013
South Florida Home Price Increasing Faster Than Most: Case-Shiller Index April 2013
The South Florida real estate market saw prices increase by 13.0% in April 2013 over April 2012. The average US market was about 12.0% on a year over year basis in April 2013. On a sequential basis, prices were up 2.4% for the South Florida market in April 2013, which was about in line with the national average.
Language in the Case-Shiller report indicated rising mortgage rates will not interfere with the housing rebound. The report talked about consumers shifting to an adjustable mortgage and away from fixed mortgages in times of rising rates. The report also alluded to the fact that some banks are easing credit restrictions.
I tend to agree, but for different reasoning. During the next six months (i.e., until the end of the year), I suspect those who were thinking of purchasing a home will jump in before mortgage rates climb higher. This will inflate the short term units sold as well as help to push up prices as more demand enters the market. However, the longer-term effects of rising rates are more cloudy, in my opinion.
Some of the other areas of interest:
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Language in the Case-Shiller report indicated rising mortgage rates will not interfere with the housing rebound. The report talked about consumers shifting to an adjustable mortgage and away from fixed mortgages in times of rising rates. The report also alluded to the fact that some banks are easing credit restrictions.
I tend to agree, but for different reasoning. During the next six months (i.e., until the end of the year), I suspect those who were thinking of purchasing a home will jump in before mortgage rates climb higher. This will inflate the short term units sold as well as help to push up prices as more demand enters the market. However, the longer-term effects of rising rates are more cloudy, in my opinion.
Some of the other areas of interest:
| Apr-13 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 159.14 | 2.20% | 8.10% |
| Chicago | 113.69 | 2.70% | 9.30% |
| Miami | 159.65 | 2.40% | 13.00% |
| Minneapolis | 126.81 | 2.90% | 14.80% |
| New York | 163.05 | 1.10% | 3.20% |
| Tampa | 142.1 | 1.70% | 11.30% |
| Composite 10 | 165.63 | 2.60% | 11.60% |
| Composite 20 | 152.37 | 2.50% | 12.10% |
| Source: | |||
| S&P Indices | |||
| Firserv |
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
The greatest compliment you can give is the referral of your friends and loved ones
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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