cooper city fl homes for sale: DOES IT MAKE SENSE TO BUY A HOME RIGHT NOW?
- 03/25/24 10:20 AM
Thinking about buying a home? If so, you're probably wondering: should I buy now or wait? Nobody can make that decision for you, but here's some information that can help you decide.
What’s Next for Home Prices?Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with home prices.
In the latest survey, those experts say home prices are going to keep going up for the next five years (see graph below):
Here’s what all the green on this chart should tell you. They’re not expecting any price declines. Instead, … (4 comments)
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cooper city fl homes for sale: DON'T WAIT TILL SPRING TO SELL YOUR HOUSE
- 02/05/24 09:16 AM
As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here's why.
1. Take Advantage of Lower Mortgage RatesLast October, the 30-year fixed mortgage rates peaked at 7.79%. In January, they hit their lowest level since May. That means you may not feel as locked-in to your current mortgage rate right now. That downward trend in rates has made moving more affordable now than it was just a few months ago.
Another reason today’s rates make now … (1 comments)
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cooper city fl homes for sale: FLORIDA HOME SELLERS: NOW IS A GOOD TIME TO SELL
- 08/19/23 11:20 AM
In South Florida, we have virtually no large tracts of land for development left so there aren't new houses being built as there were in the 1970s-1990s. That leaves existing resales from which homebuyers can select a home.With the huge Millennial generation now in the home buying stage of life, baby boomers remaining in their long-time homes longer, large portfolios of homes owned as Airbnbs, long-term rentals or second homes & continued migration from other states & countries, available inventory for sale is extremely low. That lack of inventory is what's keeping home prices up.
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cooper city fl homes for sale: EXPERT INSIGHTS ON THE 2022 HOUSING MARKET
- 12/29/21 09:12 AM
As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022.
Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts put rates at about 3.7% by the end of next year. So, that's still historically low, but certainly higher than they are today.”
Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge as interest rates and prices rise, but remote … (0 comments)
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cooper city fl homes for sale: 4 TIPS TO PREPARE YOUR HOME FOR SALE THIS FALL
- 10/05/21 01:13 PM
Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment.
Here are four simple tips to make sure you maximize the sale of your house this fall.
1. Price it Right One of the first things buyers will notice is the price of your house. That’s why it’s important to price it right. Your goal in pricing your house is to draw attention from competing buyers and let bidding … (2 comments)
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cooper city fl homes for sale: EXISTING VERSUS NEW HOMES
- 08/06/21 10:28 AM
Some Highlights
If you’re thinking of selling your house but don’t know what you should buy, you have options. Existing homes offer a wide variety of home styles, an established neighborhood, and lived-in charm. Meanwhile, new home construction lets you create your perfect home, cash in on energy efficiency, and minimize repairs. Whether you’re looking for newly built or existing homes, both have their perks. If you’re ready to sell your house, let’s connect today to go over the perks of both existing and newly built homes to find out what’s right for you. … (0 comments)
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cooper city fl homes for sale: ANNUAL HOUSING PRICE APPRECIATION FOR PAST 4 YEARS
- 04/20/21 08:46 AM
It may seem that house price appreciation is as intense as it was at the beginning of the century, but the graphs above tell another story. Present day annual appreciation is exceeding historical annual norms (about 3%); however, it's important to note that today's homebuyers have to truly qualify for their home loans & have verifiable income & cash reserves to get that home loan, unlike the period 10-13 years ago. What's driving the present housing market is the low mortgage interest rates, millennials' aging into the home-buying stage of life, smaller households, investors buying homes as a hedge against inflation … (0 comments)
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cooper city fl homes for sale: LIST PRICE OF A HOME IS NOW LIKE AN AUCTION'S RESERVE PRICE
- 03/25/21 12:09 PM
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price they could offer and still get the home. The asking price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than the list price. It was unthinkable to pay more than what the seller was asking.
Today is different … (0 comments)
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cooper city fl homes for sale: FEB. 2021 SINGLE FAMILY HOME SALES DATA BROWARD COUNTY, FL.
- 03/18/21 09:00 PM
The most recent sales statistics for single family homes in Broward County, FL are out. Following are a few key statistics: 1,243 single family home sales closed in February 2021 compared to 1,004 in 2020; the median price of a single family home is now $433K versus $385K in 2020 and the number of new listings was virtually unchanged in Feb. 2021 compared to Feb. 2020.
There are two measures to gauge how quickly homes are selling: Days on Market (time between listing the property & going pending) and month's supply of inventory. Both of these measures were significantly lower in Feb. … (3 comments)
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cooper city fl homes for sale: IS IT SMART TO BUY A HOME TODAY?
- 03/03/21 11:02 AM
Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move.
However, there’s one category that provides a simple answer. When deciding to buy now or wait until next year, the financial aspect of the purchase is easy to evaluate. You just need to ask yourself two questions:
Do I think home values will be higher … (0 comments)
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cooper city fl homes for sale: DON'T STRIP THE CHARM FROM AN OLDER HOME
- 02/15/21 10:49 AM
I work in both newer and older neighborhoods in Southeast Florida. Increasingly, I'm noticing mid-century (1950s-1960s) homes remodeled in extreme modern or contemporary style; the exteriors of the homes are generally true to the era of the construction.
Once you enter, however, the homes often resemble new builds. Despite liking contemporary decor, I find it jarring to see such a totally "stripped of any character" home. These older homes were built with walls, and used traditional kitchens & flooring...all of that is gone. The color palette, too, seems limited to grays. The appeal of these older residences is often in details … (6 comments)
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cooper city fl homes for sale: WHY OWNING A HOME IS A POWERFUL FINANCIAL DECISION
- 02/09/21 02:22 PM
In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for them now can steer you in the direction of greater financial security and savings.
1. You Won’t Always Have a Monthly Housing Payment Personal finance advisor Dave Ramsey explains:
“Every payment brings you closer to owning the house. When you … (1 comments)
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cooper city fl homes for sale: WHAT RECORD LOW HOUSING INVENTORY MEANS TO YOU
- 01/29/21 08:53 AM
The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which shows that the inventory of homes for sale is currently at an all-time low. The report explains:
“Total housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million). Unsold inventory sits at … (1 comments)
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