Blog

Market Updates, News & Local Events!

Is the Real Estate Market Going to Crash?

While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last? When COVID-related shutdowns began last March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether…

New Year, New Home?

Set Homeownership Goals Whether You’re Buying, Selling, or Staying Put The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is…

10 Ways to Give Back to Our Local Community This Holiday Season

10 Ways to Give Back to Our Local Community This Holiday Season This year has demonstrated, perhaps more than ever, the importance of our family, friends, neighbors, and community. It truly “takes a village” to keep a community functioning effectively, whether that’s by keeping our waterways clean, feeding the hungry, teaching our kids, or supporting…

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”…