Real estate blog entries tagged with amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor by Michael Peron, Michael Peron, Dave Florida Real Estate (South Florida Home Solutions)

Home : Blogs : Michael Peron : Michael Peron's (michaelperon) Blog : Tag "amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor"

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Housing Market Forecast for the Rest of 2023 - 10/18/23 08:48 AM

Housing Market Forecast for the Rest of 2023
Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool. Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down. … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Sellers: Don’t Let These Two Things Hold You Back - 10/18/23 08:37 AM

Sellers: Don’t Let These Two Things Hold You Back
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.
Challenge #1: The Reluctance to Take on a Higher Mortgage RateAccording to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):
But today, the typical 30-year fixed mortgage rate offered to buyers is closer to 7%. As … (2 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Pricing Your House Right Still Matters Today - 10/18/23 08:33 AM

Pricing Your House Right Still Matters Today
While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month and the average saw 3.5 offers in June.
To set yourself up to see advantages like these, you need to rely on an agent. Only an agent has the expertise needed to find the right asking price for your house. Here’s what’s at stake if that price isn’t … (0 comments)

Key Housing Market Trends
Some Highlights If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market. Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right. If you want more information about our local area and what the trends mean for your plans to buy or sell, let’s connect. … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Homebuyers Are Still More Active Than Usual - 10/16/23 10:05 AM

Homebuyers Are Still More Active Than Usual
Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today.
The ShowingTime Showing Index is a measure of how much buyers are touring homes. The graph below uses that index to illustrate buyer activity trends over time to help put today into the proper perspective.
It shows there’s seasonality in real estate. If you look at the last normal years in the market (shown in gray), there was a consistent pattern as buyer activity … (3 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Tips for Making Your Best Offer on a Home - 10/16/23 09:59 AM

Tips for Making Your Best Offer on a Home While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against some multiple-offer scenarios.
Here are a few things to consider to help you put your best foot forward when making an offer on a home.
1. Lean on a Real Estate ProfessionalRely on an agent who can support your goals … (4 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Don’t Fall for the Next Shocking Headlines About Home Prices - 10/16/23 09:55 AM

Don’t Fall for the Next Shocking Headlines About Home Prices
If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.
They’re basing their negative news by comparing current stats to the last few years. But you can’t compare this year to the ‘unicorn’ years (when home prices reached record highs that were unsustainable). And as prices begin to normalize now, they’re talking about it like it’s a bad thing and making people fear … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Foreclosure Numbers Today Aren’t Like 2008 - 10/16/23 09:51 AM

Foreclosure Numbers Today Aren’t Like 2008
If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today.
According to a recent report from ATTOM, a property data provider, foreclosure filings are up 2% compared to the previous quarter and 8% since one year ago. While media headlines are drawing attention to this increase, reporting on just the number could actually generate … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Real Estate Continues To Be the Best Investment - 10/16/23 09:47 AM

Real Estate Continues To Be the Best Investment
Some Highlights According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more. Owning real estate means more than just having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends to increase in value as time goes on. Let’s connect if you’re ready to buy a home and invest in your future.
… (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Owning Your Home Helps You Build Wealth - 10/15/23 11:41 AM

Owning Your Home Helps You Build Wealth
You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.
Homeownership Builds Wealth Regardless of Income LevelYou may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point (see graph below):
What makes wealth so much higher for homeowners? A recent article from Realtor.com says:
… (1 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Explaining Today’s Mortgage Rates - 10/15/23 11:38 AM

Explaining Today’s Mortgage Rates
If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.
But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield. Here’s a graph showing those two metrics since Freddie Mac started keeping mortgage rate records in 1972:
As the graph shows, historically, the average spread between the two over the last 50 years was 1.72 percentage points (also commonly referred to … (1 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Homebuyers Are Getting Used to the New Normal - 10/15/23 11:36 AM

Homebuyers Are Getting Used to the New Normal
Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.
To better understand what’s been happening with mortgage rates lately, the graph below shows the trend for the 30-year fixed mortgage rate from Freddie Mac since last October. As you can see, rates have been between 6% and 7% pretty consistently for the past nine months:
According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), mortgage rates play a … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Home Prices Are Rebounding In South Florida - 10/15/23 11:32 AM

Home Prices Are Rebounding
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well beyond the norm.
To avoid an unfair comparison to that previous peak, we need to look at monthly data. And that tells a very different and much more positive story. While local home price trends still vary by market, here’s what the national data … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Low Housing Inventory Is a Sweet Spot for Sellers - 10/15/23 11:28 AM

Low Housing Inventory Is a Sweet Spot for Sellers
… (1 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: How Remote Work Expands Your Homebuying Horizons - 10/11/23 04:24 PM

How Remote Work Expands Your Homebuying Horizons
Even as some companies transition back into the office, remote work remains a popular choice for many professionals. So, if you currently enjoy working from home or hope to be able to soon, you’re not alone. According to a recent survey, most working professionals want to work either fully remote or hybrid (see below):
This trend is good news if you’re looking to buy a home because a remote or hybrid work setup can help you overcome some of today’s affordability and housing inventory challenges.
More Work Flexibility Equals More Home OptionsRemote or hybrid work opens up a world of opportunities. That’s … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Renting or Selling Your House: What's the Best Move? - 10/11/23 04:21 PM

Renting or Selling Your House: What's the Best Move?
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years.
While a short-term rental can be a tempting idea, you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of selling it.
A Short-Term Rental Comes with ResponsibilitiesSuccessfully managing … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Momentum Is Building for New Home Construction - 10/11/23 04:19 PM

Momentum Is Building for New Home Construction
If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built home is a great option.
As a recent article from the National Association of Realtors (NAR) says:
“Home buyers continue to be met with limited housing options during what’s typically the real estate market’s busiest season. . . . The current supply of existing homes is about … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Reasons Your Home May Not Be Selling - 10/11/23 04:15 PM

Reasons Your Home May Not Be Selling
When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles. And, while the current housing market is generally favorable to sellers due to today’s limited housing supply, there are still factors that can cause delays or even prevent a house from selling.
If you're having trouble getting your house to sell in today's sellers’ market, here are a few things to think about.
Limited Access – If You Can’t Show It, … (0 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: The Benefits of Downsizing for Homeowners - 10/11/23 04:13 PM

The Benefits of Downsizing for Homeowners
Some Highlights Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs. Downsizing could help cut down on your expenses and your equity can fuel your move. If you’re thinking about moving to a smaller home, let’s connect to go over your housing goals and look at your options on our local market. … (1 comments)

amazingdaviehomes michaelperonrealtor amazingbrowardcountyhomes peronrealestateteam southfloridahomesolutions realtormichaelperon davierealtor michaelperondavierealtor realtordaviemichaelperon daviesbestrealtor: Today’s Housing Inventory Is a Sweet Spot for Sellers - 10/11/23 04:10 PM

Today’s Housing Inventory Is a Sweet Spot for Sellers
One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels.
According to a recent report from Realtor.com:
“On average, active inventory in June was 50.6% below pre-pandemic 2017–2019 levels.” The graph below helps illustrate this point. It uses historical data to provide a more … (0 comments)

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