Thinking Of Renting in Boca Raton? Proposed Rental Registration For Boca Raton, Florida

If you are a landlord thinking of renting out your condo or single family home in Boca Raton, you need to be aware of a proposed rental registration program.  Tenants who are looking to rent an apartment or home in Boca Raton should also be aware of the proposed rental regulation. I can help those who are seeking to rent out a home as well as those who would like to lease a home in Boca Raton and surrounding areas of Delray Beach, Boynton Beach, Highland Beach, etc.

Recently the  city of Boca Raton began reviewing a program that would have landlords register properties and tenants with the city.  The intent of the proposed registration program is the enhance the quality of life by reducing nuisance situations.  In addition, code compliance is thought to help keep property values stable.  The plan is to be discussed at a workshop in November 2015.



The proposed rental registration would make it easier to police rental regulations.  For instance, Boca Raton currently has rules that prohibit more than three unrelated adults living in the same single-family house.

Landlords should be aware of the potential impact to them as well.  If there are multiple code enforcement actions against a landlord, it would restrict the landlord's ability to rent.

Fees to the City of Boca Raton for the registration process would offset part of the costs of the proposed program.  As such, the cost of renting would most likely increase.

I take an analytical approach to buying, selling and leasing real estate.  If you are thinking of selling or buying a home in Boca West Country Club, 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

Will Rising Interest Rates and Stock Market Volatility Hurt The Housing Market In The Boca Raton Area?

Interest rates are expected to increase in the near-term and the stock market has been volatile as of late.  How will this affect you if you are thinking of buying a home in the Boynton Beach area or selling your waterfront home in the Lauderdale by the Sea area?  Well, the recent Case-Shiller Home Price Index touched on these subjects in the June 2015 report.

David M. Blitzer, Managing Director and Chairman of the Index Committee noted in the June report, "nationally, home prices continue to rise at a 4% to 5% annual rate, two to three times the rage of inflation."  As mentioned in a previous post, the South Florida housing market is outperforming.

Mr. Blitzer went on to say that the, "missing piece in the housing picture has been housing starts and sales.  These have changed for the better in the last few months.  Sales of existing homes reached 5.6 million at annual rates in July, the strongest figure since 2007.  Housing starts topped 1.2 million units at annual rates with almost two-thirds of the total in single family homes.  Sales of new homes are also trending higher.  These data point to a stronger housing sector to support the economy."

The rosy US housing picture was tempered a bit.  Mr. Blitzer later on mentioned, "two possible clouds on the horizon are a possible Fed rate increase and volatility in the stock market."

In regards to interest rates and the US housing market, Mr. Blitzer stated, "a one quarter-point increase in the Fed funds rate won't derail housing.  However, if the Fed were to quickly follow that initial move with one or two more rate increases, housing and home prices might suffer."

With respect to the volatility of the stock market and housing, Mr. Blitzer said, "a stock market correction is unlikely to do much damage to the housing market; a full blown bear market dropping more than 20% would represent some difficulties for housing and for other economic sectors."

I take an analytical approach to buying, selling and leasing real estate.  If you are thinking of selling or buying a home in Toscana in Highland Beach, 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

Did The US Housing Market Fully Recover To Previous High Levels?

If you are waiting to sell your home in the Highland Beach area at the high-water mark, you are getting closer, according to the Case Shiller Housing Index.  If you are interested in selling your home and want to know how much your house is worth, call me at 561-247-3550.

According to the Case Shiller Index, the average home price in the 10-City and 20-City Composites are back to the winter of 2005 levels and off 12% to 14% from the June/July 2006 peak.

Case Shiller Index states the low point was March 2012 and the 10-City and 20-City Composites have rebounded by about 34% to 35% from the time.

I take an analytical approach to buying, selling and leasing real estate.  If you are thinking of selling or buying a home in Toscana in Highland Beach, 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

Case Shiller Home Price Index: June 2015: Delray Beach Area Home Price Appreciation Outperforms US

Thinking of selling your house?  Do you know what your home is worth? The housing market indications are it is a good time to sell.  I can help you get the most money for your home.

Those who were selling their homes in the Boca Raton Florida area saw prices grow faster than the average in the US during June 2015 when compared with June 2014, according to the Case Shiller Home Price Index.  On a year-over-year basis, the South Florida region saw home prices increase 7.7% in June 2015 over June 2014, according to the Case Shiller Index.  This compares favorably to the US based on the Composite-10 and Composite-20 Indexes, which were up 4.6% and 5.0%, respectively, during the same time frame.

On a sequential basis, South Florida was up 0.3% in June 2015, which compares unfavorably to the Composite-10 and Composite-20 of about 1.0%.

Other areas of interest:

Jun-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	182.04	1.50%	3.30%
Chicago	131.72	0.70%	1.40%
Miami	200.66	0.30%	7.70%
Minneapolis	146.06	1.20%	3.40%
New York	179.98	1.20%	2.80%
Tampa	169.81	0.30%	5.40%
Composite 10	195.89	0.90%	4.70%
Composite 20	180.88	1.00%	5.00%
Source:
S&P Indices
Firserv

I take an analytical approach to buying, selling and leasing real estate.  If you are thinking of selling or buying a home in Toscana in Highland Beach, 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