Friday, May 17, 2019 / by Jordana Tobel
Florida's housing market reported higher median prices and rising inventory during the first quarter of 2019, according to the latest housing data released by Florida Realtors®. Rising home prices means buying today rather than waiting will likely save you money.
"Continuing a trend that we've been seeing for quite a while, median sales prices for both existing single-family homes and for condo-townhouse properties rose in Florida during the first three months of 2019," says 2019 Florida Realtors President Eric Sain, "The state's population continues to increase, our jobs outlook is strong and the economy is growing."
In fact, Florida continues to be ranked as the second-best state in the U.S. to do business, according to the 2019 survey of CEOs from Chief Executive magazine.
Big earners in high-tax states like New York, New Jersey and Illinois hit hard by a new federal tax law are flocking to low-tax states like Florida, according to the Wall Street Journal.
"I've bee ...
Friday, May 10, 2019 / by Jordana Tobel
Interested in the latest restaurants come to Delray Beach's Atlantic Ave? Here's everything you need to know from your local real estate experts at Premier Listings:
BIG TIME TASTE:
Big Time Restaurant Group, the group behind Louie Bossi, is hitting the Ave with its latest and most expensive project to date, Elisabetta's Ristorante Bar & Pizzeria. The finished space will bear no resemblance to its previous occupants, 32 East. Elisabetta will offer 2 floors of dining and bars with an upstairs indoor/outdoor patio area overlooking the avenue, a gelato station, and a beehive-shaped pizza oven. The design team traveled to Italy to bring back Tuscan pieces including a 300 year old fireplace that will be the centerpiece of a private dining room on the 2nd floor. Turn-of-the-century fixtures, including chandeliers, are also part of the decor, which will feature a great deal of wood -- something we love as the main design element for any restaurant or hom ...
Tuesday, February 12, 2019 / by Jordana Tobel
800 Seagate Drive, Delray Beach, FL
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$ Click for current price 5 BEDROOMS | 8 Baths (8 full ) BATHROOMS | 5519 SqFt
Tucked between the sparkling waters of the Intracoastal Waterway and the Atlantic Ocean in the exclusive Seagate Community is this extraordinary new construction masterpiece developed by NINES DEVELOPMENT and designed by award winning architect, RiICHARD JONES. Twelve foot ceilings and 10-foot pocket sliding glass doors on the first floor accentuate the open and bright floor plan. Special attention to the interior spaces includes 6'' x 3'' raw Italian porcelain throughout the entire house, floating ceiling and walls, recessed moldings and linear vents. State-of-the-art systems have been integrated into the home: Lutron lighting and wiring through the home for security cameras, TV, sound, climate control and automatic shades. The kitchen features Miele ...
Thursday, December 6, 2018 / by Jordana Tobel
Rising interest rates and increasing home prices will make it increasingly difficult to buy a home as the months pass and we get further into 2019, according to the realtor.com 2019 housing forecast.
What does this mean for you? The sooner, you can buy, the better. Here’s why:
What will 2019 be like for buyers?
Mortgage rates are expected to hit 5.5% which means an increase in monthly payments by 8%. For example, that means if the rates today mean your monthly payment is $2000, by the end of 2019, for the same loan, the cost will be $2160.
"Unfortunately for buyers, it's only going to get more costly to buy, especially the most-demanded entry level real estate,” says Danielle Hale, chief economist for realtor.com.
Buyers who can stay in the market will find less competition yet feel an increased sense of urgency to close before it gets even more expensive.
Buyers' largest struggle next year will be reconciling wants, needs and budget versus the heavy competition ...
Tuesday, November 6, 2018 / by Jordana Tobel
According to the National Association of Realtors chief economist, Lawrence Yun, the U.S. median home price has risen 55% since 2011. Wages have only increased by 18%. What does this mean?It means buyers are pulling back, which in turn will provide buyers with more power.The Federal Reserve is increasing interest rates to combat inflation, which means mortgage rates are trending up too. If you're a buyer, now is a great time to buy.It's not bad news. The Fed is hiking rates because the economy is soaring. Unemployment is at an all time low.As long as the economy stays strong, home sales will continue to head up - even if rates continue to rise. Mortgage rate increases do not necessarily push home sales down.For more on this, read economist Yun's article here.If you're a buyer, now is a great time to buy - with rates still low and home prices trending up.
Contact your Premier Listings agent for more information on this, and more on your home search ...