Market Updates

Oct. 13, 2020

How to Buy a Home Without 20% Down Payment

The golden rule of real estate says that you need to have a 20% down payment when you purchase a home. It's a principle and a great idea , but in practice, it can be very difficult for buyers (first-time homebuyers) to put forth 20% of a home's asking ...

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Sept. 28, 2020

Low-interest rates boost Florida home sales, prices, but foreclosure crisis looms

The fact is that 10.5%, of Florida’s 3.7 million mortgage-holders were delinquent on loan payments in late May and June predicting what some fear could be an foreclosure crisis as bad if not worse than the one that followed the 2008 housing crash.

In the U.S. overall ...

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July 16, 2020

How the coronavirus is changing the real estate market

How the coronavirus is changing the real estate market in Palm Beach County

Welcome to the reality of selling a home in the era of the coronavirus. Anxieties abound, not only about catching the virus that causes COVID-19, but also the volatile stock market, the shaky economy, and general fears ...

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Jan. 2, 2020

2020 Housing Market Predictions

2020 Housing Market Predictions – by Realtor.com

– Home price growth will flatten, with a forecasted increase of 0.8 percent

– Inventory will remain constrained, especially at the entry-level price segment

– Mortgage rates are likely to bump up to 3.88 percent by the end of the ...

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Nov. 15, 2019

Buying home in Holidays season!

The months of November and December are great months for buying your next home....

Why you ask?

The holidays are hectic. And while off the bat, it might not seem like the best season – both money- or time-wise, to buy a home, there are actually quite a few serious ...

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Nov. 6, 2018

The 2018 summer season was unusually slow

Palm Beach County in Florida is always considered one of the best places in America to move to or have a second home. 

With endless beautiful beaches, lakes and waterways connecting to Atlantic Ocean, Palm Beach County is make the best place to live. You can find any types ...

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Sept. 11, 2018

Housing market shifting to buyer's market

Housing tipping back to a buyer's market as sellers cut prices

Housing market shifting to buyer's market  

After several years of home price gains, the market appears to limit to what people can afford. Sellers are finally responding by lowering prices.

Approximately 14% of all listings in ...

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Posted in Market Updates
Sept. 7, 2018

July Home Sales Slide

National Association of Realtors reported - Existing Home Sales came in at their slowest pace in more than two years in July, decreasing 0.7% from June to a seasonally adjusted annual rate of 5.34 million. Sales were also 1.5 percent lower than July 2017 and they have dropped ...

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Posted in Market Updates
Aug. 16, 2018

Housing affordability

Housing affordability falls to 10-year low in Palm Beach County, nation

According to the national trend of rebounding home prices and rising mortgage rates, Palm Beach County saw housing affordability fall to a 10-year low in the second quarter of 2018.

Just 54.9 percent of homes sold in Palm ...

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July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates