Florida Housing Market Indicators.. Just The Facts!

Housing Market Indicators

Florida existing home sales:
(month-to-previous-year comparison) +10%

Florida existing condo sales:
(month-to-previous-year comparison) +10%

Florida existing home median price: $133,900

Florida existing condo median price: $87,200

Florida consumer confidence: 64

National existing home sales:
(month-to-previous-month comparison; all housing types)-3%

National existing home median price $165,400

National (Freddie Mac) mortgage rate
(all housing types) 4.11%

Lexington Lakes, Boynton Beach FL......... JUST REDUCED!!!

Obama administration’s latest bid to help troubled homeowners: Who would benefit?

Bellaggio Lake Worth FL

Just Listed.... Call us to view this home today 888-300-4431

This is a wow house.. Circular driveway and creative landscaping is your first welcome. Dramatically high ceiling thru the home paired with a custom kitchen of light wood cabinets with decorative glaze, granite counters with center island work station. Glass display cabinetry, designer corbels on finished breakfast bar back wall. Custom lighted entertainment center with 65 in TV perfectly placed in family room in between the oversized fixed glass windows overlooking the preserve and lake. 20" tile on the diagonal.. Stainless appliances.. Modified floor plan offers bonus storage in the kitchen and off the utility room.. Glass French doors off living room and family room.. Third bedroom currently used as a den, can be converted to have closet.. Master bedroom has high volume ceilings with bay window overlooking preserve/lake.. Custom fitted closet organizers.. Bath has full mirrored walls with decorative bevel.. Walk in shower.. Very extended and screened brick paver lanai overlooking a very private lake and nature setting. Accordion hurricane shutters.. Plus Plus.. Crown molding, upgraded base board molding.. Intercom system.. Home is extended and larger than tax records indicate.

Bellaggio Lake Worth FL JUST REDUCED!!!

Customized 3 br/2.5 bth home on a large corner lot. Your greeting starts w/ double leaded glass front doors. Tile on the diagonal thru living areas. Very spacious living room w/sliders to the oversized patio overlooking a garden view. The kitchen is upgraded w/ 42" cabinets, granite counters & under cabinet lighting. The breakfast bar has newly installed glass tile for that added decorative touch. Smooth top drop in cook top & stainless applicances. The 2nd br is a guest suite complete w/ it's own private full bath. Additional powder room. Guest bedroom has a walk in closet as well. 3rd br is being used as a den/office w/ a custom mirrored niche for displaying your collectables. The master suite has an upgraded bath w/title to the shower ceiling. Upgraded Moen faucets. Extra closet shelving. The lanai is fully screened & extended to enjoy the outdoors. There is a generator switch should you need to utilize it. Bellaggio living offers great community amenities.. A 36,000 sq ft clubhouse with a grand ballroom with stage and dance floor, a kitchen/cafe, heated indoor and resort styled outdoor heated swimming pool, fully equipped fitness center w/ aerobic studio, 10 Har-Tru lighted tennis courts w/ stadium seating, a pro shop, 3 card rooms, billiards, an arts/crafts center, computer/media room, library and so much more....

Why do some houses sit and others sell?

Properties that are priced to sell are considered "in" the market. Properties that aren't are considered simply "on" the market.

Even in the hardest hit markets, there are still buyers, and they are looking for the most competitively priced properties in the best condition.

I help sellers price their homes so that they are "in" the market. Want to sell your home quickly and for top dollar?

Contact me for a FREE, No Obligation Comparative Market Analysis.

30 years ago, the median mortgage payment was more than double what it is today.

Owning a home is more affordable than you probably think.

Affordability measures ability to buy - that is, the amount of a median family's income consumed by the median mortgage. In 1981, it took 36% of the median family's income to pay the mortgage on the median priced home. Today it takes 15% -- a historic low!

Short Sale open house in Boynton Beach

What are you doing for your home search??? Is the real estate market making you a little crazy?? If you are determined to find a great deal.. and you are determined to make it a distressed sale.. it is really important to ask a lot of questions. Step 1..... hire a great agent..Step 2 have that great agent show you qualified homes(your agent will understand what that means)..Step 3 when making your offer make sure you have your financing information up to date and provided along with the offer..Step 4 get frequent updates on the status of your offer...Step 5.. Dont do anything unusual such as buy a new car, finance new furniture... keep a conservative profile.. lenders will flag dramatic purchases and changes...
So if you have not found your dream home yet.. come see this great short sale home in Lexington Lakes.... We are waiting for your offer!!

Top 10 reasons to own rather than rent

1. You own it: With no landlord, you make the decisions.

2. You deduct it: Mortgage interest, property taxes and some costs involved with buying a home can be deducted from federal income taxes.

3. Interest rates: The cost to borrow mortgage money is at an all-time low. If you’re going to buy, this is the time to jump into the market.

4. You invest in it: Rent money is gone forever. Mortgage payments build home equity ownership interests.

5. You save for the future: Home equity is a ready-made savings plan. Sell it and you can make up to $250,000 cash without owing any federal income tax on the profit.

6. You can predict expenses: Unlike rent, a fixed-mortgage payment doesn’t get more expensive over time.

7. You pick it: Choose from different neighborhoods, styles and price ranges.

8. You create it: Decorate, renovate, get a pet or paint the walls whatever color you want – it belongs to you.

9. You live in a neighborhood: You and your neighbors take pride in the local schools, roads and more – and you work together to build a friendly community.

10. You spend money on yourself: When you buy a chandelier or hardwood floor or kitchen cabinet, you’re spending hard-earned money on yourself and building your equity at the same time.

30-year FRM below 4% for first time ever

WASHINGTON – Oct. 7, 2011 –
"The average rate on the 30-year fixed mortgage this week fell below 4 percent for the first time ever, to 3.94 percent.

For those who can qualify, it’s an extraordinary opportunity to buy a home or refinance."

Homes for sale declining across South Florida

An interesting artice release today from floridarealtors.org

"The number of homes and condominiums for sale has steadily declined across South Florida in 2011, frustrating buyers and leading to bidding wars in some cases, real estate agents say."

Welcome to the most current Housing Trends eNewsletter

SEPTEMBER - 2011 Newsletter Housing Trends eNewsletter

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

Please click the red headline to view the SEPTEMBER - 2011 Newsletter Housing Trends eNewsletter.

If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.