Category Archives: Blog

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, Chief Economist at realtor.com, notes: “Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.” When it comes to pricing your home, the goal is to increase visibility Read More »

In today’s South Florida real estate market homes are typically selling very quickly and in many cases seeing multiple offers. However, it can still happen where properties linger on the market for various reasons and you will need to take a closer look at what is going on. Here are some tips for what to look for when a home is not selling. Photos – Whether buyers are beginning their search online or if they are being sent listings from their agent, the photos are going to create the first impression. All buyers will make up their minds on whether they are interested or not based on what they see in the photos. Rather than having a few pictures that Read More »

The South Florida real estate market has been continuously growing in terms of price increases and a steady draw of buyers from all around. Fort Lauderdale’s price gains from this year over last year have been significant as buyers see the area as a destination to invest. For various reasons, these buyers in particular have been coming from the Northeast states as well as select other countries. Various professionals in the real estate industry have been sharing their experiences per a recent article the Sun Sentinel. Tax refugees from Northeast states who are in search of better deductions in the wake of the newly passed tax reform have been making up some of the buyer profiles as of late. Although Read More »

Fort Lauderdale attracts buyers looking for a different experience than what Miami offers. Fort Lauderdale is booming with development. It’s become a city of choice for savvy investors, both commercial and residential. Once known as the mecca for spring break and teenage beach movies — think Where The Boys Are with Connie Frances and Girl Happy starring Elvis Presley — Fort Lauderdale has grown up. “Historically, Fort Lauderdale had always been a secondary market to Miami. Then, when prices kept rising in Miami, developers started looking for cheaper dirt and came here. We have a relaxed coastal environment, beautiful beachfront and a strong commerce center with 7.5 million of class A office space in our downtown,” notes Jenni Morejon, executive Read More »

Rents across the United States have been increasing over the years to a point where it can sometimes be cheaper to purchase given the low mortgage rates. For South Florida cities, renting is proving to be more expensive. According to RENTCafe’s recent report, it shows renters in 10 cities across the tri-county area of Broward, Miami-Dade and Palm Beach seeing year-over-year increases in average rent among the 250 cities that were included in the study. West Palm Beach had shown the largest increase, but Fort Lauderdale actually had the highest average rent for the region. Specifically, it was $486 more than the national average of $1,364 per month coming in at $1,850. The year-over-year increase was at 5.3%. In another Read More »