Mission Bay Boca Raton Florida Homes For Sale Update

 Mission Bay Boca Raton Florida Homes For Sale Update

There are currently only 3 homes for sale in Mission Bay Boca Raton.  To view Mission Bay properties >>>> CLICK HERE

The price per living square foot during the previous twelve month period leveled off at the beginning of the year.  However, my analysis shows a sequential uptick in price during the summer of 2020.  I estimate the trailing twelve month price per living square foot sold in West Boca Raton’s Mission Bay community to be about $190.

Sales during the past month in the Mission Bay community ranged from a low of $275,000 to a high of $710,000.  To view the sales during the past month >>>> CLICK HERE

Due to the COVID-19 situation, the Mission Bay community will host a trunk-or-treating event where families can set up stations in the back of their cars and have candy positioned at a safe distance.

To run your own search for homes >>>> CLICK HERE

Curious to know what your home is worth? >>>> CLICK HERE to find out instantly!

If you are interested in buying a home in Mission Bay, contact me so I can let you know about homes that are coming soon to the market.  

Happy and safe Halloween!

Michael Friedman

Realtor

eXp Realty

MDF Weekly Update 08 19 2020

 MDFweekly newsletter 08 19 2020 : COVID-19 impact on local real estate market; free real estate search and more; actionable information; read here :

CLICK HERE ---->> http://bit.ly/MDFweekly08192020

Demand is still there - now is a good time to act - contact me.

#realestate #bocaraton #knowurnumbers #weeklyupdate #realtor

Michael Friedman

Realtor

eXp Realty

Homes For Sale In Mission Bay Boca Raton Are Scarce Right Now

 There are only two homes for sale on the MLS in the West Boca Raton community of Mission Bay.

To view all of the homes for sale in all of the subdivisions of Mission Bay CLICK HERE

Contact me if you are interested in buying a home in the Mission Bay community.  I will be in touch with residence and could possibly find you a home that is not yet on the market.  Call me directly 561-247-3550.

Being first to view a home can put buyers at an advantage.  Contact me today.

Michael Friedman

Realtor, CPDE

eXp Realty

561-247-3550

Floridians : Prepare For Hurricane and Save Money : May 20, 2020

Florida sales tax holiday on hurricane supplies.  

The tax holiday allows you to save money on things you will need during a hurricane.

To find out what qualifies for the tax savings and more information about Boca Raton real estate, homes for sale and more : CLICK HERE

Thinking of selling your home? I get top dollar.  Call me now 561-247-3550.

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

Michael Friedman Realtor - Boca's Best - Call 561-247-3550

I can help you get what you want.  Give me a call now! 561-247-3550.

Homes are selling - thinking of selling your home? Give me a call now!

Michael Friedman

Realtor, CDPE

Lang Realty

Cell: 561-247-3550

Proud To Support Del Prado Elementary School in Boca Raton As A Gold Level Business Partner

I live and work in Boca Raton. I know about schools, shopping, beaches, public parks, etc.

If you are thinking of making a move, give me a call.  I know the "ins and outs" of the area from happily raising a family here.  I can share that with buyers and help get your home sold.

Give me a call or text or Facebook Message me.  To view my Facebook Business Page  --->> CLICK HERE FACEBOOK

Michael Friedman

Realtor, CDPE
Lang Realty

561-247-3550

Michael Friedman Boca Raton Realtor Boca Raton Video Intro

Michael Friedman real estate agent in Boca Raton area.

Serving Palm Beach and Broward Counties. Specializing in West Boca Raton area. 

FOR MY BUSINESS VIDEO CARD click here ---> VIDEO

Call me to day 561-247-3550

Also visit my Facebook Page https://www.facebook.com/MichaelFriedmanFLRealEstate or click here ---> FACEBOOK Page

Michael Friedman

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

Michael Friedman Realtor Boca Raton Review

Michael Friedman Realtor is ready to handle your South Florida real estate transaction.  Call the real estate agent who knows his numbers.

“I was very happy with Michael's level of service and knowledge. He was very professional and friendly. He took the time to answer any and all questions I had and walked me through the process. I was very pleased”

- Laura G., Lake Worth

Laura, thank you for your five-star review!! Wishing you all the best!

Click here -->> to see more of my testimonials / reviews. Call me 561-247-3550.

Michael Friedman
Realtor, CDPE
Lang Realty

Cell: 561-247-3550

Coronavirus' Impact on the Boca Raton and Delray Beach Real Estate Markets

What Is Going On In Boca Raton Delray Beach Real Estate Market?

That is a question I have been getting from my customers - both sellers and buyers.

So, I put together this graph, which I think depicts where we are at the moment vis-a-vis the recent past.

Real estate transactions are still taking place in Florida despite Covid-19.  Contact me to discuss your situation.  I will help you navigate this challenging real estate market.

Call to discuss the market, your situation, etc. 

Michael Friedman

Realtor

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

Homes For Sale: Case-Shiller Housing Index: January 2011: US Real Estate Pricing Pains Continue

As we have been discussing in prior posts, the South Florida housing market remains weak. According to the latest Case-Shiller Housing Index numbers, South Florida home prices fell for the sixth consecutive month in January 2011; falling to a new five-year low.

The Index's Miami metropolitan area, which includes Miami-Dade, Broward and Palm Beach counties — fell 1.3% between December 2010 and January 2011. On a year-over-year basis, home prices fell 4.7% in January 2011, according to the Case-Shiller Index.

According to the Case-Shiller Index, nation-wide home prices fell 1.0% on a sequential basis in January 2011. On a year-over-year basis the US housing market was down 3.1% in January 2011. Every market in the Case-Shiller Index experienced a sequenital decline in January 2011 with the exception of Washington D.C.

According to the Case-Shiller Index, US housing markets of interest were as follows:

January 2011 January '11/December'10 December/November
Metropolitan Area Level Change (%) Change (%) 1-Year Change (%)

Boston 152.07 -0.3% -0.2% -0.6%

Chicago 115.78 -1.8% -1.4% -7.5%

Miami 141.30 -1.3% -0.5% -4.7%

Minneapolis 113.21 -3.4% -1.5% -7.6%

New York 166.30 -0.9% -1.0% -3.0%

Tampa 128.52 -1.0% -2.7% -7.0%

Composite-10 154.65 -0.9% -0.9% -2.0%

Composite-20 140.86 -1.0% -1.0% -3.1%

As a local Relator, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free to contact me.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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

Homes For Sale: 1Q:2011: Vacant US Homes and Vacant Florida Homes

The US housing recovery will most likely be on hold for years. There are many reasons as to why, however, one that is becoming more glaring is the amount of vacant homes in the United States. The oversupply of homes should depress new home builds and take a while for the market to return to an equilibrium between supply and demand.

In March 2011, the US Census Bureau revealed that 1.6 million homes in Florida are vacant-- that is 18% of the total. The number of vacant homes increased 63% during the past 10 years.

Florida is the worst state in the nation for vacant homes; Arizona sits at 16%; Nevada is 14% and California is only 8%.

The worst hit county in the state of Florida is Collier, the home of Naples, which stands at 32% of the total homes being empty. Palm Beach comes in at 18%; Broward is 16%; and Miami-Dade is 12%.

The median home in Florida sold for $122,000 in January 2011, which is down 7% from 12 months earlier; this is less than half the price reached at the market peak. The oversupply and reduced influx of people to Florida are reasons to be cautious about the market. During the decade of 2000, the state saw just 5.7% population growth in the second half; the decade had a nearly 18% increase of population during the decade.

The aforementioned statistics are why some real estate experts think it will take a while for the Sunshine State's housing market to appreciate in price. One expert is quoted as saying it taking eight years for the vacancy numbers to reach single digits.

Ingo Winzer, a market analyst for Local Market Monitor is quoted as saying prices will drop another 5% in 2011 and an additional 3% in 2012. Celia Chen, a market analyst for Moody's Analytics says prices will fall another 11% and the bottom won't hit until mid-2012 for Florida; she predicts a market bottom for the United States during mid-2011.

If you are thinking of selling or buying a home, or require more information, please feel free to contact me.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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>

Homes For Sale: Robert Shiller Thinks US Home Prices Could Drop Significantly

Robert Shiller, of the Case-Shiller Index believes "there's a substantial risk of home prices falling another 15%, 20% or 25% more." Mr. Karl Case, the other person of the famed Case-Shiller Index is quoted as saying, "I see [the market] bouncing along the bottom with a slight negative trend."

What gives these men such pessimistic views? Mr. Shiller referenced the government's expected reduced presence of Fannie Mae and Freddie Mac. We read this as a dearth of funding as these agencies currently provide loan guarantees for about 2/3 of mortgages. The expectation is private mortgage lenders will fill the void at a higher borrowing cost-- this will most likely lead to reduced prices in order to obtain a level of affordability.

The possibility of ending the mortgage tax deduction for many homeowners is another reason for the pessimism. This has been a consistent incentive for home ownership and a factor that has driven demand, in our view.

Another issue is the fragility of the current economic situation in the United States and indeed worldwide. The uncertainty related to current events in the Middle East (e.g., Egypt) and the price stability of oil are of immediate concern in regards to sustained economic growth.

Brad Hunter, chief economist for Metrostudy, a housing market research firm, expects home prices to decline gradually throughout 2011, with markets picking up only when hiring increases substantially.

If you are looking to buy or sell a home, please feel free to contact me.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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

Homes For Sale: Is Real Estate A Good Hedge Against Inflation?

The Federal Reserve Chairman was queried by Congress today, with many of the questions surrounding inflation. Many fear the recent "quantitative easing" (i.e., QE) in response to the recession by the Federal Reserve, among other measures by other federal government agencies, will cause inflation. Conventional wisdom holds that real estate is a good way to "beat" inflation as prices tend to rise under inflationary pressure.

An analysis by Andrew Jeffrey of Minyanville, a Website-based investment magazine, seems to indicate home prices have outpaced inflation. He references home prices outpacing the Consumer Price Index (i.e., CPI) during inflationary periods since 1963.

He concludes the 1970's and 1980's showed real estate provided an excellent hedge against inflation. Mr. Jeffrey states real estate investment has been a good inflation hedge, especially during periods of high inflation when other market growth stagnates.

Another interesting point for home buyers and sellers made by Mr. Jeffrey in his article is he says real estate values are not likely to be pushed down in any material way by inflationary pressures.

Home buyers and sellers should be aware of potential changes in the United States real estate market in order to make an educated decision. I am well versed in the South Florida real estate market. Please feel free to contact me in regards to purchasing, selling, renting, leasing or investing in real estate.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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

Home For Sale: Low Tax States, Like Florida, Luring Residents from High Tax States Like New York

There are many tax advantages to living in Florida, such as the Homestead laws. This is one of the reasons that many of my people are relocating from the Northeast of the United States to the southern portion of the country.

According to Reuters News, some of the states with the largest population gains from the 2010 U.S. Census are also known as low-tax states; these states include Florida, Texas and Nevada.

Imagine if you were a family of four with a $150,000 income. According to TurboTax, the family could save $13,368 in state and local income taxes if they moved from New York to Florida. The family could save even more when property taxes and estate taxes are included.

Retirees benefit greatly, as many have money invested in tax-deferred retirement accounts; they would profit if withdrawing the money in a low-tax state.

Florida real estate becoming much more affordable when compared with several years prior when the state was experiencing a "bubble" in pricing. As such, now is a great time to look for a second home and/or a home to retire to in the "Sunshine State".

I am a Realtor who knows the various types of communities in South Florida. If you are thinking of selling or buying a home, please feel free to contact me.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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 Index For October 2010: US Real Estate Market Showing Signs of a "Double Dip"?

The Case-Shiller Index for October 2010 showed some ominous signs for the US real estate market.

US home prices have shown a deceleration in annual growth rates for 18 of the 20 City Composites when comparing October 2010 with September 2010.

The news for the Florida market is showing sustained weakness when compared with the overall United States market. The Miami and Tampa composite housing prices have hit their lowest levels since 2006, which seems to indicate these markets have been weaker than the US composite as a whole.

On a year-over-year basis, home sales are down about 25% and the months' supply of unsold homes is up more than 50%. The US economy continued to be in a malaise during October 2010 and the unemployment rate continued to hover close to 10%.

Some data of interest:

October 2010 October/September September/August 1-Year Change (%)

Boston -1.2% -1.3% -0.2%

Miami -1.1% -1.2% -3.4%

New York -1.6% -0.5% -1.7%

Tampa -0.9% -0.8% -3.6%

Composite-10 -1.2% -0.6% 0.2%

Composite-20 -1.3% -0.8% -0.8%

With the economy not showing signs of job growth, continued uncertainty and tight credit markets, we suspect a tough slog for the US housing market as a whole.

When focusing on the South Florida market, the trends seem to be worse when compared with the nation as a whole. This is exacerbated by the higher level of distressed properties in the market as well as an economy largely based on construction and discretionary income spending.

As a local Relator, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free to contact me.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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 Index For September 2010: US Real Estate Market Not Showing Robust Growth

The September 2010 Case-Schiller Index showed the slowest year-over-year growth for any month in the year. Property values rose only 0.6% for September 2010 over September 2009.

The two biggest factors seem to be over-supply of homes and the economy (i.e., almost 10% unemployment). The CEO of homebuilder D.R. Horton recently said he expects sales to remain weak in 2011. He said the company would adjust price points to demand (editors note: seems to be indicating price reductions).

Here's some information from Case-Shiller Index of interest:

============================================================
1-mo 3-mo 1-yr 2-yrs 3-yrs
earlier earlier earlier earlier earlier
============================================================
US Composite-20 -0.71% -0.34% 0.59% -8.75% -24.63%

New York -0.34% 1.01% -0.13% -8.91% -15.41%

Miami -1.24% -0.87% -2.71% -18.51% -41.65%

Boston -1.31% -0.98% 0.42% -2.92% -8.46%

Chicago -1.53% -0.11% -5.58% -15.61% -24.12%


The indications seem to be for continued pricing pressure in the near-term. As we stated earlier, we still believe there is potential for another 5% to 10% slide in home prices during the next 12 months in the South Florida real estate market.

If you are buying or selling a home, please feel free to contact me.

I have provided a link to a property search engine below where you can find and view listings. Contact me for more details on those listings and/or information in the area.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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

October 2010 Real Estate Sales Information for Florida (Condo and Single Family Homes)

Is the Florida real estate market beginning to show signs of a bottom?

The October 2010 year-to-date unit price per unit sold for single family homes was up 7% over the previous year, according to housing data recently released by the Florida Realtors. In addition, condominium unit sales were reported to be up 33% over the previous year during year-to-date October 2010.

However, when looking at a year-over-year comparison of October 2010 housing results in Florida, the market does not seem to be trending in the same direction.

The statewide existing median condo sales price of $82,400 in October 2010 was 22% below October 2009; unit sales were also down 5% during the same timeframe. The median existing single family home price fell 3% to $136,600 in October 2010, versus October 2009; the number of units sold decreased 21% on a year-over-year basis in October 2010.

What does this all mean-- I think we are still looking at an uncertain housing market in Florida. Buyers still seem to be anxious about the economy and sellers are somewhat hamstrung by the declining home prices.

If you are buying or selling a home, please feel free to contact me.

I have provided a link to a property search engine where you can find and view listings. Contact me for more details on those listings and/or information in the area.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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

US: Jumbo Mortgage Loans Up; To Increase Sales Of Luxury / Country Club / Waterfront Real Estate In Delray Beach / Boca Raton, Florida?

Lenders wrote $18 billion in jumbo mortgages during 2Q 2010, which is up 20% sequentially. Some analysts feel this reflects a confidence the stability of the US real estate market on the higher end of the market. Jumbo loans are usually more than $417,000; as such, these mortgages tend to be for homes in the higher-end of the market.

These jumbo loans are considered more risky because they are not guaranteed by FHA, Fannie Mae or Freddie Mac because the amount is above the conforming limits set by these government-backed agencies. Could this mean the higher-end real estate market is set for a rebound in price?

Working with both buyers and sellers in the country club and luxury housing market in South Florida, I can attest to the fact that there are worries on both sides of the equation. The result is gridlock as there is in many other segments of the real estate market.

As a Realtor who specializes in luxury, waterfront and country club communities, I believe the higher-end market segment is beginning to show signs of increased movement. The recent increase in the amount of jumbo loans underwritten is another sign things are moving in a positive direction.

Those who want to sell their homes have more potential buyers due to the increase in loan activity. On the other side of the coin, those who would like to upgrade into, or upgrade within, the luxury market now have more financial flexibility at their disposal to do so.

With the apparent mitigation of lenders' anxiety in writing the riskier jumbo mortgages, I think it will give buyers and sellers more confidence in the upper-market housing segment. As a result, I expect to see more activity in the next year.

If you are buying or selling in a luxury home or country club community or looking for waterfront homes in South Florida, please feel free to contact me.

I have provided a link to a property search engine where you can find and view listings. Contact me for more details on those listings and/or information in the area.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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

Predictions On Foreclosure and Short Sale Real Estate In Boca Raton, Florida

Executives at major US banks and real estate experts recently testified before the US Senate Banking Committee in Washington, DC about problems with the foreclosure process. Much of the recent problems stem from the litigation regarding the irregularities of the foreclosure process; prior pieces have discussed the issue in detail.

The Congressional Oversight Panel recently released a report predicting the potential problems in the foreclosure process could be significant. Greater disrputions than we've already experienced in the US housing market has been predicted as a possibility.

The current problem of lenders having to prove they own the mortgage loans is predicted to lead to a drop in foreclosure sales. The theory is the banks would favor short sales during this period of difficulty in actually foreclosing on homes.

Experts believe the delay in foreclosures will mean less price competition in the short-term and long-term a record high amount of bank foreclosures by mid-2011. The theory is that after the ligitation mess is worked out, the delayed foreclosures, and those that were in limbo because of the litigation, will all be worked out at the same time. Should that happen, one might expect to see US home prices fall yet again, as a new wave of lower-priced inventory enters the market.

As a Certified Distressed Property Expert (CDPE) and a Realtor, I can help both buyers and sellers navigate the ever changing distressed property landscape.

If you are looking to buy, sell, rent or invest in the South Florida real estate market, please feel free to contact me.

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100

http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser

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