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Surfside Condominium CollapseIn the wake of the tragic collapse of the Champlain Towers South in Surfside, more questions and concerns regarding the safety of buildings throughout South Florida have emerged seemingly every day. Now, a coalition under Palm Beach County’s League of Cities has proposed an inspection of many condos, apartment buildings, hotels, and offices both east and west of I-95.

The proposal targets buildings a minimum of 25 years old east of the highway, and 35 years old on the western side, regardless of height. This surpasses the standard of 40 years of age in Miami-Dade and Broward counties. While one and two-family homes, government buildings, and schools are excluded, this would result in a massive undertaking, as 90% of the condominiums stretching from

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There's No Housing Bubble

As soon as housing prices seem to rise, two questions spring to mind—and into headlines:

“What’s MY home worth?”, followed immediately by “when will THIS housing bubble pop?”

With current median selling prices up nearly $35,000 compared to the same period last year, it’s the latter (along with still-fresh memories of last decade) that have some buyers waiting on the sidelines. However, while experts have no idea how far prices will run, they can seemingly agree on one thing: we aren’t actually in a bubble.

And those that wait will likely regret it.

This Is A Different Housing Market

Take it from none other than a Morgan Stanley strategist who shared in a note to clients that the bank had a “strong conviction that we are not experiencing

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South Florida Real Estate Market Report

South Florida Real Estate Market Report

How's the South Florida real estate market?

Reflection...  Looking back and looking ahead

After wrapping up a year to remember in 2020, Compass is proud to share our first Florida market report of the year, showcasing data from Q1 for South Florida, North Florida, Southwest Florida, Central Florida, and the Greater Tampa Bay. While not all facets of life have returned to prepandemic norms, especially as it relates to the international travel that injects additional movement in the housing market, real estate nationwide has benefited from signs of recovery including an increase in consumer expenditure, vaccination distribution, a decrease in unemployment from 14.7% to 6% (BLS.GOV), and an acceleration of

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South Florida's Real Estate Market in 2021

It will take time for South Florida to fully process the long-reaching changes resulting from the COVID-19 pandemic. One of the more immediate effects, however, has been a sharp increase in home prices—thanks in combination to federal efforts consisting of low borrowing rates, and a local lack of inventory.

Across the South Florida region, prices climbed over the course of 2020. Even now, nearly 12 months since the sweeping lockdowns that slammed the country, the trend has continued, pushing prices past previous historic highs.

This isn’t unexpected, of course. The simple laws of supply and demand coupled with the typical buying frenzy that accompanies drops in interest rates are anything but unpredictable. So too is the fear of missing out on

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South Florida Real Estate Market Report

South Florida Real Estate Market Report

How's the South Florida real estate market?

The COVID-19 pandemic has altered the way we live, work, socialize, and shop, but Florida real estate remains resilient as buyers look for more space and good deals. While Q3 is typically a slower market, the desire for more space and the pause in closing activity in April caused pent-up demand. In higher price ranges, including the ultra-luxury sector, little inventory has been left on the table. Across the state, months of single-family-home inventory, based on closed sales, was down year-over-year to 36.1% in Palm Beach County.  Think about that for a minute; there are 36% fewer homes available on the market in 2020 than there were one year ago in 2019. This

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A Look Inside South Florida’s Real Estate Market - April 2020

Amid these unprecedented times, The Pearl Antonacci Group of Lang Realty is endeavoring to keep you educated on the latest trends in the Miami-Dade, Broward, and Palm Beach County real estate market, as we all prepare ourselves for whatever the future may bring. Whether you have already begun the process of buying or selling your home or are planning to in the near future, arming yourself with the most up to date information is more crucial than ever. See our latest area real estate insights for April of 2020 in the market report and graphs below. 

Our team has separated the monthly data between townhouses/apartments/condos and single-family homes. We have also compared these figures to

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At The Pearl Antonacci Group of Lang Realty, the health and safety of our agents and clients is the top priority.  Here's what we're doing to ensure that we stay connected and continue to provide home buyers and home sellers with impeccable service.

Virtual Tours and Open Houses

We have the ability to take a targeted audience on a virtual journey through our real estate listings via walk-through video tours and Matterport technology which uses a floor plan of the home and 3D technology to take viewers from room to room all on a tablet or computer. 

Using dynamic, agent-guided video promoted via digital, mobile, and social channels, we can showcase the key features of your property to interested clientele wherever they are.  Take a look

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Home staging is the art of helping buyers visualize a space as livable. But do you need to physically haul in furniture and spend thousands of dollars to tap into their imagination?

Not necessarily.

With virtual staging, you can take that same mid-century modern couch, vintage throw rug and flower vase you’d normally find in your stager’s U-Haul and insert them into your listing photos digitally instead. Goodbye heavy lifting, hello drag and drop!

By specially arranging computer-generated furnishings and props in key rooms, you can stage your bare-bones, vacant house to make buyers see, “Oh, I could put my desk right there!” or show visually how to configure an awkward layout. It costs a fraction of what you’ll pay for traditional staging and

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Learn more about Zillow's online home valuations

Thinking of selling your home and wondering what it’s worth?  You may want to be careful about the home value estimates you see online because many are either far above or far below the true market value. 

Boca Raton home sellers who set their expectations on inaccurately overestimated home values may fall victim to overpricing their homes for sale which will ultimately lead to frustration because they don't sell.  When a home is overpriced, it will languish on the market for months, causing multiple price reductions as they "chase the market" and most likely result in a lower sale price than if they had priced it right from the beginning.   

Zillow, Trulia, Realtor.com's Automated Home Value Calculators

Zillow and Trulia have become the

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Properties coming to the market are being priced at record highs. Experts watching the economy state that these prices are not indicators of another market crash on the horizon. The term “housing bubble” is a scary one, but that is not what is happening today.

CoreLogic reports that two times as many urban markets are overvalued. This means that prices are inflated compared to the incomes of people looking to buy in these areas. This is a comparison between the second and first quarter numbers of this year. The values on these homes are not expected to fall anytime soon, which is the opposite of what a bubble is. Bubbles eventually burst. These home prices are high because there is limited inventory in desirable areas. Not because of sketchy selling

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All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2021 BeachesMLS, Inc.

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