South Florida Oceanfront Condominiums

Florida's landscape of homeowners associations (HOAs) and condominium laws continues to evolve with new legislations set to affect how these entities operate and how real estate transactions are conducted. As we advance into 2024, understanding these new statutes is essential for real estate professionals, HOA members, and homeowners. This comprehensive guide will walk you through the recent changes, upcoming laws, and how they might impact you.

Key Changes to Condo and Homeowner's Associations in 2023

The year 2023 saw significant changes aimed at improving transparency and governance within HOAs and condominiums. One of the pivotal updates was the introduction of the "Homeowners Association Bill of Rights," which was designed to protect…

19618 Views, 0 Comments

When it comes to purchasing a home, especially in competitive markets like Boca Raton, Florida, having the right real estate agent by your side can make all the difference. An experienced agent not only helps you navigate the complexities of the home buying process but also ensures you get the best deal possible. However, not all real estate agents are created equal, and it's crucial to ask the right questions before hiring one. Here are the essential questions you should ask when hiring a real estate agent to represent you as a home buyer.

  1. How Long Have You Been Working in Real Estate?
    Experience matters in real estate. An agent with several years of experience is likely to have a deep understanding of the local market, negotiation strategies, and…

224 Views, 0 Comments

In Delray Beach, Florida, a haven of luxury and tropical allure awaits those seeking an opulent lifestyle. This coastal gem is renowned for its mix of high-end gated communities and lavish condominiums, where amenities such as advanced fitness centers, Olympic-sized pools, saunas, private tennis courts, and beach access define everyday living. Delray Beach is not just about luxury homes; it's a culturally rich area brimming with art galleries, museums, boutique shopping, gourmet dining, and tranquil parks and beaches. It's no surprise that some of Palm Beach County's most prestigious neighborhoods are found here, offering a unique blend of beachside living and urban convenience.

Stone Creek Ranch

A pinnacle of luxury, Stone Creek Ranch sits on…

2815 Views, 0 Comments

Alina Residences In Downtown Boca Raton

El-Ad National Properties, a key division of the Elad Group, has recently celebrated a major achievement in the upscale Boca Raton real estate scene with the topping off of both buildings in the final phase of ALINA Residences Boca Raton. This marks a significant step in the completion of this world-class residential destination in downtown Boca Raton.

Initiated in March 2022, the second phase of ALINA Residences is rapidly progressing towards its anticipated completion in late 2024. Upon completion, the project will comprise three luxurious buildings: ALINA 200, ALINA 210, and ALINA 220, totaling 303 upscale residences. The first building, ALINA 200, has already seen immense success with all units sold and currently occupied.

Alina Residences

2168 Views, 0 Comments

Home buyers looking at homes for sale

The housing shortage is affecting some people and areas harder than others

In today's real estate market, an unexpected issue has emerged, one that is directly affecting a large segment of potential homebuyers. Despite a noticeable slowdown due to increasing mortgage rates, there's an undeniable shortage in the supply of homes for sale, a sharp contrast to the state of the market in 2019.

This housing shortage is affecting some segments more than others. In particular, homebuyers with an annual income around $100,000, slightly above the national average, are feeling the squeeze. Back in May, when the 30-year fixed mortgage rate was lingering in the high-6% range, these individuals could only afford houses priced around $341,000. Unfortunately,…

4524 Views, 0 Comments

Palm Beach County, South Florida Market Report Q1 2023

Palm Beach County Real Estate Market

Palm Beach County, one of the most picturesque regions of Florida, is known for its year-round warm weather, beautiful beaches, upscale shopping districts, and dynamic real estate market. But how did the Palm Beach County real estate market fare in the first quarter of 2023? Let's take a deep dive to understand the trends, forces, and numbers that have shaped this market segment.

A Dynamic Start to the Year

Despite the turbulence experienced in the real estate market in 2022 due to global economic uncertainties, the Palm Beach County market showed remarkable resilience. Entering 2023, the market showed a robust start with median home prices and sales volumes continuing their upward trajectory.

The first…

4856 Views, 0 Comments

Brian Pearl and Vini Antonacci at Alina Residences in Boca Raton

Brian Pearl and Vini Antonacci of The Pearl Antonacci Group at Compass were recently named Preferred Realtors by Alina Residences' sales team.  This not only allows them to sell these Boca Raton luxury condos, but gives their clients inside information to the exclusive development including upcoming deals, new listings, and access to the pre-released inventory before going public.  The power team recently took a private hard hat tour of the new construction development to see the progress as they finish the first of three luxury buildings. 

Alina Residences World Class Location

Located in downtown Boca Raton on SE Mizner Boulevard, Alina Residences is one of the area's most anticipated condominium developments.  The luxury residences offer…

216 Views, 0 Comments

downtown west palm beach businesses

Publix. Citrix. Office Depot. These are but a few of the largest and most recognizable companies that have called South Florida home for decades. Recently however, the corporate neighborhood has gotten a lot more crowded—and the momentum has only picked up. 

Over the past half-decade, the Palm Beach County Business Development Board has helped roll out the welcome mat to approximately 140 companies who have relocated or expanded their operations into the county. This has resulted in more than $1.12 billion in capital investment and over 13,000 direct jobs for locals.

It has also contributed to a still-booming residential and commercial market. Just over the past year, these companies have swallowed up more than 1.6 million square feet of…

7694 Views, 0 Comments

Home Sold With Multiple Offers Sign

The Federal Reserve intensified its fight against inflation in June by announcing the biggest interest rate increase in 28 years as the government's main lending institution tries to rein in skyrocketing consumer costs. 

The largest increase since 1994, the Fed increased its benchmark interest rate by three-quarters of a percentage point. That comes after increases of a quarter point in March and a half point in May. The increase is due to growing prices for rent, groceries, gasoline, and a variety of other goods and services. Higher interest rates will increase the cost of carrying a credit card bill, obtaining a vehicle loan, and purchasing a home.

Rate increases are anticipated to continue in the upcoming months. In general, Fed policymakers…

4978 Views, 0 Comments

Will South Florida's Real Estate Market Crash?

Florida seemingly continues to operate in its own world—at least when it comes to real estate. While signs indicating slowing momentum are popping up more and more throughout the nation, six of the top 25 overvalued home markets are right in our backyard, and several new studies indicate a prolonged period of unaffordability.

Florida Atlantic University, Florida International University, and the University of Alabama found that the current combination of high demand and low inventory that began at the start of the pandemic is likely to continue thanks in part to future population growth projections.

Which Florida Communities Are The Most Overvalued?

Of the six Sunshine State metro areas identified, Fort Myers topped the list. Typical buyers…

4732 Views, 0 Comments