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National real estate and housing market news, updates, predictions, and statistics.

Found 13 entries about National Real Estate Market.

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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,

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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

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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

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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

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Five Reasons Experts Say No Housing Market Crash in 2022

It may be hard to believe, but the South Florida real estate market is quickly approaching the conclusion of its second full calendar year of record-shattering pace. Homes and condos are still selling nearly as quickly as they were at the start of the COVID-19 pandemic, and setting new highs along the way. 

With respect to Mr. Gordon Gekko, many real estate experts and economists—not to mention home buyers and sellers—aren’t convinced that all this greed is good. Headlines abound regarding a potential housing crash which would rival that of the late ‘00s. While it’s true that some cherry-picked data trends could cause concern, the fact of the matter is we find ourselves in a far different climate; one that could actually turn out positively for

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Though typically not a busy time in the South Florida market, the 2021 summer season has kept the momentum going from the beginning of this year. In fact, national statistics stemming from the week leading up to the 4th of July indicate that housing is still a hot commodity across the nation!

However, there were signs indicating some relief may be within sight, though buyers shouldn’t celebrate quite yet, as the data discrepancies could be attributed to the lead up to the holiday weekend.

Overall, the data demonstrates more of the same—fewer new listings, and historically high home price growth. Both of these aspects mean a tough environment for buyers without the ability to offer top dollar or make a quick purchase decision. However, there are

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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'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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Real Estate Market Trends Expected in 2021

Real estate has shifted from the COVID-19 pandemic with a hot seller’s market, with increased demand as more people are looking to move and mortgage rates are at record lows, coupled with limited supply. The real estate experts at HomeLight uncovered some of the hottest trends shaping real estate in 2021, with 7 key insights that can help buyers and sellers stay informed as they make their next moves. 

Inventory lags

There are a lot of factors that have led to the seller's market, and one of the major ones is low inventory. In Q4 2020, real estate agents overwhelmingly said that inventory is lower than they expected, with 84 percent of them noting that shift, up from 78 percent in Q4 2019. Moreover, the National Association of Realtors reported

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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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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 © 2024 BeachesMLS, Inc.

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