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The luxury real estate market in Miami continues its feverish upswing. According to a recent report, single-family home active listings drop to the lowest numbers they have in over eleven years. As of last month, there were nearly 8,600 single-family listings in all three counties, versus more than 13,000 when compared to 2020.As condominium sales...
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With investing, negotiation is a typical component in the purchasing process. However, when do you typically enter the negotiation phase? There’s a strong case to be made to wait until after a home inspection is performed. Usually, the seller(s) will be relieved once a deal has been secured. Typically, waiting and trusting that anyone will...
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Although the suburbs of New York, the Hamptons, and Aspen all saw revenues and prices increase in 2020, activity has been feverish in Florida’s Palm Beach County, from Boca Raton to Jupiter. For some of the most frenzied purchasing, the upscale town of Palm Beach, a sliver of an island that is home to billionaires,...
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In November, with more than 5,200 properties on the market (44.7 percent less than the same period in 2019), the Northeast Florida residential real estate inventory dropped to its lowest point in 2020. Per a Northeast Florida Association of Realtors news release, the existing inventory means there is a supply of just over a month....
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According to a recently published report from the U.S. Census Bureau, Florida leads the country for possible evictions or foreclosures. According to a recently published report from the U.S. Census Bureau, Florida leads the country for possible evictions or foreclosures. Close to 52 percent of Florida adults residing in households not actually on rent or...
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According to a recent report published by the Orlando Regional Realtor Association (ORRA), home prices in the Orlando area saw increases of more than 20 percent when compared to October of last year. A small inventory and reluctant buyers dipping their toes into the market after the start of the pandemic may translate to home...
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Real estate brokers say deals that were being processed are posing all manner of issues with the onset of the pandemic, causing chaos in the market as investors want to pull out of contracts. But should purchasers cancel because of COVID-19? Real estate attorneys have said there’s no straightforward response. A Palm Beach Post article tells the...
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According to a recent survey, sales of Palm Beach homes saw triple-digit increases during the third quarter as the well-to-do left the cities and increased tax states of the Northeast. During the quarter, the mean home price in Palm Beach was over $7 million, according to the report. As signed contracts leaped more than 60...
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It was just a few years ago that condos were the hottest thing in real estate. However, with the pandemic radically changing the way people live their lives, single family homes are now the big-ticket item. In Miami alone, sales for these properties have increased by close to twenty percent while condo transactions have seen...
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Even seasoned real estate investors can make a rare slip-up, so it’s not something to feel bad about. Investing is a perennial learning process. Know, however, that if you repeatedly replicate these mistakes and don’t glean anything from them, it is certainly a mistake. Today, we’ll be taking a closer, albeit brief look at overpaying....
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