Florida already facing an affordable housing crisis before pandemic hit, evictions inevitable
Florida was already in the midst of a serious housing shortage long before Covid-19 hit. Rents far exceeded comfortable numbers for most average wage earners. With massive amounts of job loss, the recent end of unemployment benefits and no more stimulus on the horizon renters are sliding further into debt and many have stopped paying […]
Read MoreAre Mortgage Delinquencies a sign of looming market change in Florida?
Mortgage delinquencies are one of the biggest issues facing the South Florida real estate industry. We have 389,000 Florida mortgages over 90 days delinquent. This is a massive indicator of market change. Mortgage Delinquencies & Florida Unemployment According to a report by real estate data analytics firm Black Knight, Florida’s 10.52% May mortgage delinquency rate was fifth-highest […]
Read MoreEvictions will have a real impact on the Florida housing market
The COVID-19 Eviction Crisis: an Estimated 30-40 Million People in America Are at Risk: From The Aspen Institute: AUGUST 7, 2020 • EMILY BENFER, DAVID BLOOM ROBINSON, STACY BUTLER, LAVAR EDMONDS, SAM GILMAN, KATHERINE LUCAS MCKAY, ZACH NEUMANN, LISA OWENS, NEIL STEINKAMP & DIANE YENTEL The United States may be facing the most severe housing crisis in its history. According to […]
Read MoreSigns that Now is the Time to Sell Your Home
There are many personal reasons why it may be time to sell your home. You may need more space to make room for a growing family or you need to downsize after your kids leave the nest. Whatever your motivations, you want to make sure that you’re timing it right. The best time to sell […]
Read MoreWhy are Palm Beach County Home Prices So High?
Why are housing prices soaring in the Palm Beach County Housing Market when there are so many indicators that the economy is struggling? Because of two HUGE market pressures, meager inventory, and extremely low-interest rates. Usually, we don’t know when we have hit the top of the market until prices start to decline. The current […]
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