Is Now a Good Time to Buy Florida Real Estate?

Is Now a Good Time to Buy Florida Real Estate?

The Answer Is Yes.

Now is a good time to buy real estate in Florida.

Top Reasons To Buy Real Estate In South Florida

1) Great Prices.

Read more here: http://www.miamiherald.com/2012/08/28/2972169/miami-home-prices-up-44-percent.html#storylink=cpy

Despite the recent home price gains South Florida real estate prices are still down 48% from their peak in 2006.

2) High inventory levels.

The south florida real estate market has plenty of inventory in all price ranges. Conditions are ideal for buyer to find their dream home. Prices have been going up. Don't wait till it is to late.

3) Low mortgage rates.

 Mortgage rates have not been this low since the 1960s. With lower rates buyers can buy a bigger home for the money they borrow. This is perfect for first time home buyer and buyers looking to upsize.

4) Long-term-growth state.

Florida has been one of the fastest growing states in the United States for the last seven decades.

5)  A favored retirement destination.

Know as the sunshine state, Florida's mild climate is an idle destination for the migration of the aging baby boomer generation.

6) An unsurpassed lifestyle.

The climate of Florida creates activities year round that attract people from all over the world. Florida boasts beautiful beaches, beach front parks, warm weather, gardens, outdoor shows and musams to name a few. Florida is a great place to exercise year round. The odoors can be your playground. Come live with us. It is the best move you will ever make.


For more information about News, Events, Shows, Activities and things To Do In Boca Raton Florida contact your South Florida Real Estate Advisors
www.SFREA.com or Call 954-839-7406 Mark today or Office 561-417-6150

The Oaks Boca Raton

The Oaks Boca Raton

A personal perspective of residing in the oaks Boca Raton. Located in West Boca Raton the oaks has a lot to offer. Conveniently located adjacent to highway 441 with plenty of shopping and dinning.Offering 325 gated luxury homes with many amenities. Including 16 tennis courts state of the art resort style club house with gym, aerobics,spinning,yoga,steam room. It also boast an olympic style swimming pool.

For more information about The Oaks Boca Raton,News, Events, Shows, Activities and things To Do In Boca Raton Florida contact your South Florida Real Estate Advisor Ruzanna or Call 954-621-5060 office 561-417-6150.

South Florida Real Estate Broker Comments On Ocean Front Homes In Boca Raton, Florida

>"Homes for sale in Florida are starting to sell faster than they have these past few months. Oceanfront homes in Boca Raton have been keeping our phones very busy with buyers showing interest worldwide. They are scheduling appointments to come to the US and visiting several locations during a three or four day stay,"

For more information about News, Events, Shows, Activities and things To Do In Boca Raton Florida contact your South Florida Real Estate Advisors www.SFREA.com or Call 561-417-6150

Boca Raton Florida Real Estate News And Statistics

Although existing-homes declined slightly during the month of September, the national median home price has recorded its seventh consecutive monthly increase, according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops, are on pace to reach 4.75 million units sold for 2012, an 11 percent increase over August 2011 levels. The trend is positive, says Lawrence Yun, NAR chief economist. "Despite occasional month-to-month setbacks, we're experiencing a genuine recovery," he said. "More people are attempting to buy homes than are able to qualify for mortgages, and recent price increases are not deterring buyer interest. Rather, inventory shortages are limiting sales, notably in parts of the West." Mortgage giant Freddie Mac reported a national commitment rate for 30-year, conventional fixed-rate mortgages dropped to a record low in September. Rates were averaging 3.47 percent, down over 1.5 percent from the same time a year ago. Reduced inventory figures prominently sustained growth. "The shrinkage in housing supply is supporting ongoing price growth, a pattern that could accelerate unless home builders robustly ramp up production," Yun said.

THE BASS GROUP For more information about News, Events, Shows, Activities and things To Do In Boca Raton Florida contact your South Florida Real Estate Advisors www.SFREA.com or Call MARK SANDULLI 954-839-7406

Boca Raton, FL Market Statistics and Real Estate Trends 2012

Boca Raton, FL Market Statistics and Real Estate Trends 2012 Boca Raton, FL October 1, 2012 - Boca Raton's home resale inventories stayed the same, with a 0 percent change since September 2012. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in October. The median listing price in Boca Raton stayed the same from September to October. There were a total of 42 price increases and 346 price decreases. For more information about News, Events, Shows, Activities and things To Do In Boca Raton Florida contact your South Florida Real Estate Advisors www.SFREA.com or Call Mark Sandulli at 954-839-7406

Home contracts fall in U.S., slow down in South Florida

Great Time to Buy In Florida Click Here

Miami Herald staff writer Douglas Hanks and Bloomberg News contributed to this report.

Home contracts fell nationwide in July for the first time in three months, a sign that lower prices and borrowing costs aren’t luring in more buyers.

July’s 1.3 percent decrease in the index of pending home sales followed a 2.4 percent gain in June, the National Association of Realtors said Monday in Washington. Economists forecast a 1 percent drop, according to a Bloomberg News survey.

The disappointing national numbers arrived the same day as local numbers from the Miami Association of Realtors hinted at a slowdown in South Florida’s housing market, too.

In Broward, July’s pending sales are up 4 percent over 2010 levels for condominiums and houses. That’s compared to a 24 percent year-over-year increase in June and a 20 percent spike in May.

In Miami-Dade, pending sales grew 19 percent in July over July 2010. That’s down from June’s 33 percent increase and May’s 29 percent jump.

The local numbers aren’t adjusted for seasonality, so month-to-month comparisons can be skewed by the ebb and flow of the home buying season and other factors. In July, Broward pending sales hit 8,124 contracts, a 3.4 percent decline from June. The 12,014 contracts signed by potential home buyers in Miami-Dade last month barely moved the dial: They were up less than 1 percent from June.

Terri Bersach, head of the Broward council for the Miami Realtors group, said the sales pace remains brisk and that she has not detected any buyer pullback brought on by financial turmoil in August.

“We haven’t seen a slowdown yet,’’ said Bersach, a Coldwell Banker real estate agent in Weston. “This week in my office, we’re negotiating a $1 million deal.”

Across South Florida, sales have been increasing while prices remain depressed. With national unemployment at 9.1 percent and the prospect of more foreclosures in the pipeline mean it may take years to clear the oversupply of houses, a sign the market is struggling to stabilize.

“Housing is still on the ropes,” Ian Shepherdson, chief U.S. economist at High Frequency Economics in Valhalla, New York, said in a note to clients.

Shepherdson said he was concerned that “the chaos in the stock markets might have persuaded a greater proportion of buyers to walk away after signing contracts,” leaving sales short of the level implied by the pending data.

Read more: http://www.miamiherald.com/2011/08/29/2381203/home-contracts-fall-in-us-slow.html#ixzz1ZMRBDKmg

For more information about News, Events, Shows, Activities and things To Do In Boca Raton Florida contact your South Florida Real Estate Advisors
www.SFREA.com or Call 954-839-7406

Top 10 Questions To Ask A Real Estate Agent

How are you going to advertise my home?
Why are you saying my home is worth $400K when I think its worth $325K?
Is your realty company placing pictures on your website and other listing services?
Will you be at the closing or will you send a lackey?
Show me your municipal reporting on the area?
What are your stats?
How accessible are you
What is your commission?
How can I prepare to show my home?
Can I have the names and phone numbers of the last 3 people that listed with you?
Top 10 Questions To Ask A Real Estate Agent

For more information about News, Events, Shows, Activities and things To Do In Boca Raton Florida contact your South Florida Real Estate Advisors
www.SFREA.com or Call 954-839-7406