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Market Updates, News & Local Events!

JUNE MARKET UPDATES

Bidding War During the Pandemic  A new study from Clever revealed that 42% of homebuyers who made a purchase during the January to May time period ended up in a bidding war, demonstrating the strong demand for homes amid low inventory. In addition, the study showed the strains caused by COVID-19 shutdowns, which resulted in…

What is Homestead Exemption

Filing for Homestead and Other Exemptions All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. While a complicated formula…

APRIL QUARANTINE UPDATES

RELIEF INCREASE  The number of mortgages in forbearance rose over 1% week-over-week according to the Mortgage Bankers Association (MBA). MBA Chief Economist Mike Fratantoni said, “Over 26 million Americans have filed for unemployment over the last month, leading to nearly 7 percent – 3.5 million – of all mortgage borrowers asking to be put into…

MARCH MARKET UPDATE

COVID-19 EDITION SHIFTING STATS Stay-at-home orders appear to be influencing the decision to put properties on the market. The number of homes listed for sale fell 13.1% for the week ending March 21 and 34% in the week ending March 28 according to Realtor.com. Home price growth slowed during the same two weeks to 3.3%…

FEBRUARY MARKET

RATE RECORD  In spite of pandemic fears, the housing market is healthy according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending March 5. Freddie’s analysts summed up last week’s activity saying, “The average 30-year fixed-rate mortgage (FRM) hit the lowest level in its nearly 50-year history. Given these strong indicators in…

🍀 Events March 2020 🍀

FREE – ARTSPARK MOVIE NIGHT & FAMILY FUN FRIDAYS | HOLLYWOOD – In the ArtsPark at Young Circle. Bring blankets and/or chairs and enjoy the playground, splash pad and more from 5-8pm. Movies start at 8! March 6th –  “Alice in Wonderland” March 13th – “A dog’s Journey” March 20th – “The Lego Movie 2”…

March Events🍀

Weston- Mar 02 – FREE Magic Show & Moonlite Movie In The Park Magician Gary Midnight performs at 1:30 and 3:30 p.m. and Big Hero 6 (PG-13) is at 7:30 p.m. in Weston Regional Park (20200 Saddle Club Road) Magic show takes place inside the Community Center. Bring food, blankets, chairs, etc. Hollywood – Fridays…

NOVEMBER EVENTS 2018

59TH ANNUAL FORT LAUDERDALE INTERNATIONAL BOAT SHOW 10/31 – 11/4 – FORT LAUDERDALE  Enjoy Fort Lauderdale’s waterways and sunshine while browsing an amazing array of boats, marine products and accessories at the 59th annual Fort Lauderdale International Boat Show, the world’s largest in-water boat show with more than 1,500 boats on display. The show offers something for…

Mortgage Rates 2018

If you have been looking at the market trends and thinking of buying we are sure you have noticed the mortgage rates increase! The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is…