South Florida Real Estate- Buying and Selling Homes in the Boca Raton Area

Monday, February 9, 2015

Case Shiller National Home Price Index: October 2014: South Florida Housing Market Shows Price Growth

The Case-Shiller Housing Index shows South Florida and San Francisco as the two areas that had solid year-over-year price increases during October 2014.

South Florida's housing market saw prices increase by 9.5% on a year-over-year basis in October 2014, according to Case-Shiller. During that same period, sequentially home prices rose 0.4%, according to Case-Shiller.

The US market as gauged by the Case-Shiller Composite-10 and Composite-20 showed a 4.5% year-over-year increase and a slight decline of 0.1% in October 2014.

David M. Blitzer, Managing Director and Chairman of the Index Committee commented, "after a long period when home prices rose, but at a slower pace with each passing month, we are seeing hints that prices could end 2014 on a strong note and accelerate into 2015."

Other areas of interest:

Oct-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change

Boston	175.76	-0.50%	4.40%

Chicago	129.86	-1.00%	1.90%

Miami	190.09	0.40%	9.50%

Minneapolis	142.24	-0.30%	2.30%

New York	176.78	-0.50%	2.00%

Tampa	163.85	0.80%	6.10%

Composite 10	188.22	-0.10%	4.40%

Composite 20	173.36	-0.10%	4.50%

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

Tuesday, January 6, 2015

Bad Credit: What Are Your Options To Buy A Home?

Yahoo! Finance answered some of the most-searched questions in 2014. The number five question on the list was, "Can I buy a house with bad credit?"

The Website concluded the answer is "yes," but, "it won't be easy."

The three main avenues to pursue are as follows:

1) Fannie Mae or Freddie Mac loan;
2) FHA-backed loan; or
3) private lenders

Of note: Fannie and Freddie loans are for people with credit scores of 620 and higher. Home buyers will need to put down 10% for FHA loans. And private lenders will most likely require a 20% down payment and the mortgage rates could still be in the 8% to 9% range.

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

Sunday, December 28, 2014

Case Shiller Housing Index: September 2014: South Florida Home Price Increases Continues To Outpace US

The South Florida housing market saw a 0.6% sequential increase and a 10.3% annual increase in September 2014, according to the Case Shiller Housing Index. The Index reported the US saw flat sequential price increases and about 4.9% year-over-year home price increases during the same time frame; we used the Composite 10 and Composite 20 as the gauge for the US market.

David Blitzer, Managing Director of the Index Committee noted the US home price increases has been at a slower pace recently. He also noted the South Florida market "continues to impress" with a year-over-year gain of 10.3%.

The report stated, "as of September 2014, average home prices across the United States are back to their levels posted in the spring of 2005."

The report also noted, "measured from their June/July 2006 peaks, the peak-to-current decline for both Composites is approximately 15-17%. The recovery from the March 2012 lows is 28.8% and 29.6% for the 10-City and 20-City Composites."

Other areas of interest:

Sep-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change

Boston	176.59	-0.10%	4.50%

Chicago	131.32	-0.20%	2.60%

Miami	189.4	0.60%	10.30%

Minneapolis	142.63	0.10%	3.10%

New York	178.14	0.00%	2.80%

Tampa	162.63	0.20%	5.40%

Composite 10	188.68	0.00%	4.80%

Composite 20	173.72	0.00%	4.90%

Source:
S&P Indices
Firserv

Call me today 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

Thursday, November 6, 2014

Case Shiller Home Price Index: August 2014: South Florida Has Strongest Year-Over-Year Growth in US During August 2014

The Case Shiller Home Price Index showed South Florida with the highest year-over-year increase in prices during August 2014. The South Florida market increased by 10.5% in August 2014 over August 2013, according to Case Shiller; this compares with a 5.6% increase for the Composite 20 and 5.5% increase for Composite 10. On a sequential basis, the South Florida market was up 0.3% versus 0.2% for the Composites.

David Blitzer, the Chairman of the Index Committee stated, "despite the weaker year-over-year numbers, home prices are still showing an overall increase, as the National Index increased for its eighth consecutive month." He went on to say, "Miami is now leading the cities with a 10.5% year-over-year return."

The average home price in the US was back to its level in the spring of 2005 in August 2014, according to Case Shiller.

Case Shiller also shows an approximate 16% to 17% decline from the peak level in June/July 2006. The increase off of the March 2012 lows is 28.8% for the Composite 10 and 29.5% for Composite 20.

Other areas of interest:

Aug-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change

Boston	176.73	0.10%	5.00%

Chicago	131.46	0.40%	2.90%

Miami	188.24	0.30%	10.50%

Minneapolis	142.47	0.30%	3.90%

New York	177.55	0.40%	3.10%

Tampa	162.4	0.20%	5.50%

Composite 10	188.58	0.20%	5.50%

Composite 20	173.66	0.20%	5.60%

Source:
S&P Indices
Firserv

Thursday, October 16, 2014

Case Shiller Home Price Index: July 2014: South Florida Home Price Increases Outpace The US

The South Florida market saw home prices increase 0.8% on a sequential basis and 11.0% on an annual basis in July 2014, according to the Case Shiller Home Price Index. This compares with 0.6% and 6.7% for the US when looking at the Case Shiller Home Price Index Composite 10 and Composite 20.

David Blitzer, the Chairman of the Index Committee stated, " the broad based deceleration in home prices continued in the most recent data." He went on to say, "however, home prices continue to rise at two to three time the rate of inflation."

As of July 2014, the average home price in the US are back to levels posed in the spring of 2005, according to the Case Shiller Index.

Also, the Case Shiller Index shows peak-to-current decline of 16% to 17% for the US, which is off the peak level of June / July 2006.

The US home market has recovered by about 29% off the March 2012 lows for the Case Shiller Composites.

Areas of interest:

Jul-14	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change

Boston	176.61	0.20%	5.70%

Chicago	130.71	0.60%	4.00%

Miami	187.69	0.80%	11.00%

Minneapolis	142.13	0.60%	5.40%

New York	177.02	1.10%	3.80%

Tampa	162.11	0.60%	7.20%

Composite 10	188.29	0.60%	6.70%

Composite 20	173.34	0.60%	6.70%

Source:
S&P Indices
Firserv

Tuesday, September 9, 2014

South Florida Renters Pay Among The Highest Percentage Of Income Towards A Place To Live

The Sun-Sentinel newspaper ran an interesting article on August 31, 2014 regarding South Florida renters. According to the piece, South Florida renters pay about 44% of their incomes towards rent. Zillow reported the national average was 30% of income going towards rent.

The ratio of rent to income for South Florida was third in the nation, on par with San Francisco and below Los Angeles (48%). According to the Sun-Sentinel article, which was quoting from a Zillow study, South Florida renters paid about 34% of income towards rent ten years ago and the national average was around 26% at the same time.

According to the Sun-Sentinel, the median monthly rent for Palm Beach County was $1,364 in 2014, up from $1,173 in 2011. Of note, the U.S. Department of Housing and Urban Development reported Palm Beach County's median household income was $63,300 in 2014, which is the same as in 2011. This means people in Palm Beach County have less discretionary income when compared with a few years ago.

Call me today 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

Wednesday, September 3, 2014

How Far Below The Peak Is The South Florida Real Estate Market?

Many people want to know if the home prices in South Florida have fully rebounded to the levels seen at the recent height of the market. According to the Case Shiller Housing Index report for the period ending June 2014, prices in the South Florida market are still "a third or more below their peak prices set almost a decade ago."

The Case Shiller report for June 2014 also commented on mortgage rates; it was stated that "rising mortgage rates won't send housing into a tailspin, but will further dampen price gains." My interpretation of the commentary is that the Chairman of the Index Committee, David Blitzer, foresees continued price increases to home prices in the near-term, but at a slowing pace-- even if mortgage interest rates rise.

Call me today 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