What Is Happening In Mission Bay Boca Raton?

Homes for sale in Mission Bay continue to hover around the mid-teen levels.

Prior to the impact of the Coronavirus, there was a good balance between supply and demand. 

I continue to monitor the market for Mission Bay homes in Boca Raton.  I have a lot of data on the community.

Whether selling or buying, I will help you through the process, which has gotten even more challenging because of Covid-19. 

Home sales transactions continue to take place.  So, give me a call to discuss your situation : 561-247-3550

Michael Friedman
Realtor, CDPE Lang Realty
Cell: 561-247-3550

Palm Beach County Florida Real Estate Market December 2019

Palm Beach County Real Estate Market December 2019

I recently spoke with someone from the West Coast who asked how the local real estate market was doing.

I let him know things were holding up,  with prices still climbing slightly on a sequential basis.

He seemed surprised.

I indicated inventory is still relatively tight and interest rates remained low.

The latest information on Palm Beach County shows prices increased 5.6% on a year-over-year basis during December 2019.

The chart also shows inventory dropping in terms of months supply of inventory.

Call me to discuss 561-247-3550.

Information for Broward, Palm Beach, Martin, St. Lucie and Miami-Dade counties : CLICK HERE

Curious as to what is on the market? -- Run a search here on my Website : CLICK HERE

Case Shiller Housing Index: July 2015: Home Sellers in Boca Raton Area Enjoying Price Increases

Sellers in the Delray Beach and surrounding areas continue to enjoy positive momentum in the housing market.  Whether you are seeking to sell your condo or looking to downsize from a single family home to a villa style residence, the sellers are benefiting from tight inventory and positive economic news.

David M. Blitzer, Managing Director of the Index Committee at S&P Dow Jones Indices commented in the July Case Shiller Home Price Index report, "prices of existing homes and housing overall are seeing strong growth and contributing to recent solid growth for the economy."  He also mentioned, "other positive indicators of current and expected future housing activity include gains in sales of new and existing housing and the National Association of Home Builders sentiment index.  An interest rate increase by the Federal Reserve, now expected in December by many analysts, is not likely to derail the strong housing performance."


For the US, measured from the peak of the market home prices to the current declines is about 11% to 13%.  Since the bottom, the US housing market prices have recovered by about 34% to 36% to today's prices.

Other areas of interest:

Jul-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	183.95	1.10%	4.30%
Chicago	133.36	0.90%	1.80%
Miami	201.3	0.40%	7.30%
Minneapolis	147.15	0.80%	3.60%
New York	180.44	0.50%	1.90%
Tampa	170.88	0.60%	5.50%
Composite 10	196.85	0.60%	4.50%
Composite 20	181.9	0.60%	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 Boca Chase, 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

Case Shiller Home Price Index: May 2015: Home Prices Still Rising in Boca Raton and South Florida

With home prices continuing to climb in the Delray Beach area, it might make sense if you are thinking of selling your home to list it now.  If you are expecting to purchase a home in the Boca Raton or Boynton Beach area, now could be a good time as prices continue to rise.  Call me on my cell phone at 561-247-3550 in order to discuss your situation.

The price of homes in the US rose by about 4.8% in May 2015 over May 2014, according to the Case Shiller Home Price Index when looking at the 10-City and 20-City composite.  The Case Shiller Index shows South Florida home prices increased by 8.0% on a year-over-year basis in May 2015.

David Blitzer, Managing Director and Chairman of the Index Committee stated, "as home prices continue rising, they are sending more upbeat signals than other housing market indicators."  He continued, "nationally, single-family home price increases have settled into a steady 4%-5% annual pace following the double digit bubbly pattern of 2013.  Over the next two years or so, the rate of home price increases is more likely to slow than accelerate.  Prices are increasing about twice as fast as inflation or wages."



I found the comments on first time home buyers in the report to be interesting.  David Blitzer said, "first time home buyers are the weak spot in the market.  First time buyers provide the demand and liquidity that supports trading up by current home owners."  He also quoted research by the New York Fed that pointed to "the size of mortgage down payments as a key factor".  The press release stated, "mortgage rates are far less important to first time home buyers than down payments."

Measured from the peak in June/July 2006, the current decline is approximately 13%-15% off the top.  Since the bottom in March 2012, the 10-City and 20-City composites have recovered, 32.5% and 33.5%, respectively.

Other areas of interest:

May-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	179.3	1.50%	2.20%
Chicago	130.81	1.30%	2.20%
Miami	200.07	0.80%	8.00%
Minneapolis	144.45	1.10%	3.00%
New York	177.4	1.00%	3.00%
Tampa	169.39	0.70%	6.40%
Composite 10	194	1.10%	4.70%
Composite 20	179.03	1.10%	4.90%
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 Boca Lago in Boca Raton, 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

Is the US Housing Market In A Bubble? How Will This Affect My Decision To Buy Or Sell My Home In The Boca Raton, Florida Area?

Is Boca Raton, Florida experiencing a housing "bubble?"I

n the previous two Case Shiller Home Price Index press releases, the commentary has surrounded around US home prices and future expectations.  They seem to address the question of whether or not the US housing market is in a "bubble."



David Blitzer, Managing Director & Chairman of the Index Committee is quoted in the March 2015 press release, "I would describe this as a rebound in home prices, not bubble and not a reason to be fearful."

The March 2015 and April 2015 Case Shiller Home Price Index press releases offer some of the committee's rationale.

The March 2015 press release discussed price increases, but being at a "moderated" pace when compared with last year.  Also, there is a discussion about home home prices in the US are increasing at a faster rate than per capital personal income or wages (3.1% and 2.2%, respectively), which suggests further "moderation" in home price gains.  The idea is the pool of home buyers will narrow with price increases outpacing purchasing power.

To further their position, the March 2015 press release states, "consumer debt levels seem to be manageable."  The implication is the consumer is not financially stretched beyond their limitations, suggesting this would not indicate a "bubble."

The April Case Shiller Home Price Index press release goes into consumer expectations in regards to housing.  The press release reiterates the decelerating US home price increases and discussed a national survey published by the New York Fed.  The survey showed consumers expected a 4.1% increase in both home prices and the cost to rent.  The press release pointed out the expectation is below the annual price change of 4.9% since 1975.  In addition, the press release pointed out the real, or inflation adjusted, price change since 1975 is 1.0% per year.  The point, I believe, is that the expectation is at or below the long-term "norm," thus not projecting exuberant enthusiasm for the market.

What does this mean to a home buyer or home seller?  Those that are buying and waiting for prices to sharply decrease, Case Shiller seems to make the argument that it is not likely.  Those who are selling homes and are waiting for a huge price increase, Case Shiller seems to argue that also is not likely.

If you are thinking of selling your home or buying a home in the Boca Raton area, please call me on my cell phone at 561-247-3550.

I take an analytical approach to buying, selling and leasing real estate.  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

Case Shiller Home Price Index: February 2015: South Florida One Of The Strongest Areas In US For Price Appreciation

Home prices in the Boca Raton area continue to rise.  If you are looking for homes to purchase in the area, this might be a good time as per the information below.  The data also supports a continued solid home market for those who are selling homes in the Boca Raton area.  I find there is still a lot of interest in single family homes, townhouses as well as condos in the area.

David Blitzer, Managing Director of the Index Committee at S&P Dow Jones Indices is quoted in the February Case Shiller Home Price Index report as saying, "home prices continue to rise and outpace both inflation and wage gains."

Another interesting tid-bit from the February Case Shiller Home Price Index report was a comment about current pricing by comparing the current market with the pre-boom period of January 2000.  The report stated, "a better sense of where home prices are can be seen by starting in January 2000, before the housing boom accelerated and looking at real or inflation adjusted numbers.  Based on the S&P/Case-Shiller National Home Price Index, prices rose 66.8% before adjusting for inflation from January 2000 to February 2015; adjusted for inflation, this is 27.9% or a 1.7% annual rate."  I take the comments that current home prices in the US do not seem to be overpriced.

Since the June/July 2006 peak, the US market decline has been about 15% to 17%, according to Case Shiller.  Also, Case Shiller reports the US market has recovered by about 28.8% to 29.5% since the March 2012 lows.

The South Florida market has seen home prices increase by 0.6% on a sequential basis in February 2015 and rose by 9.2% on a year-over-year basis in February 2015, according to Case Shiller; this is among the strongest price appreciation levels in the country.

Other areas of interest:

Feb-15	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	175.3	-0.20%	5.00%
Chicago	126.72	0.00%	3.40%
Miami	194.93	0.60%	9.20%
Minneapolis	140.15	0.10%	3.10%
New York	175.6	0.20%	2.50%
Tampa	165.23	0.40%	6.90%
Composite 10	188.62	0.50%	4.80%
Composite 20	173.67	0.50%	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, 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