John Brian Losh, CEO of Luxuryrealestate.com recently stated, "The good news for luxury homebuyers is that they are getting about 20% ‘more house' than they were able to buy two years ago, plus the prestige of owning a $1M home is returning."
Luxuryrealestate.com is a national and international affiliation of top luxury brokers who feed market reports and opinion to the institute almost daily. This is a reliable statement that is being endorsed by brokers from all of the major luxury markets across the US and globally. This is encouraging news for the buyers about to start their search this sales season.
I have just returned from New York and could feel the chill in the morning and evening air! For those of you looking to escape the cold winters and achieve the tax advantages of living in South Florida it is now time to plan a visit and research the exciting options that await you here in Fort Lauderdale.
Rates on 30 year loans remain at 5.04% as of September 28th. The 15-year fixed rate mortgage fell to 4.46% (lowest on record since 1991) according to Freddie Mac. Applications for home loans rose nearly 13% last week from a week earlier as refinancing applications surged according to the Mortgage Bankers Association. For those qualifying under the new financing regulations this is good news indeed.
For further market information and local opportunities please do not hesitate to contact Julie Jones at 954-328-3665 or luxuryrealestateftl.com.
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