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Historical Low Mortgage Rates Provide for Personal Elections

Wed Feb 19, 2020 by on Florida Real Estate & Real Estate

Mortgage rates at All Time low

As the election season starts, the United States is starting to wonder who will be able to lead and help this country the most. But little do they know that this person could be him/herself, and everyone else contributing to the record high multitrillion dollar personal debt. Breaking Records Bloomberg reported, quoting a report from the Fed, that household borrowing increased […]

Coronavirus is Impacting Global Markets… And South Florida Real Estate?

Florida Coronavirus

The recent onset of the dreaded Coronavirus which has caused a global health emergency  reminiscent of the deadly SARS virus eighteen years ago. As of writing this, there are unfortunately 563 people that have died mostly in China where the outbreak originated, and many others have been quarantined on a Southeast Asian cruise ship as well as at other facilities. […]

The Wealth Effect: Do you feel it?

Mon Jan 27, 2020 by on Real Estate

rising stock market

With the fresh stock and real estate market highs as well as consumer spending continuing to accelerate, we must ask, is there a “wealth effect” in play? The “wealth effect” refers to an increase in consumer spending that is relative to portfolio performance such as strong markets in real estate and stocks. Simply put, when a person’s investments go up […]

Baby Boomers are selling over 21 million homes… what could this mean?

Tue Jan 7, 2020 by on Real Estate

Baby Boomers Are Selling Over 21 million Homes

Despite the ever-shrinking housing supply in the United States, about 21 million homes are expected to be vacated in the next 20 years. Why? Baby Boomers. As the Phrase Goes: Location, Location, Location Baby Boomers want to start selling their properties, but these homes are not in the preferred locations of the generations that are in the process of buying […]

Wall Street May Be Your New Landlord

Fri Dec 13, 2019 by on Banksters

wall street may be your new landlord

Homes being bought by landlords and flippers now account for more than 11% of U.S. home sales, the highest on record. Meanwhile, Wall Street is now trading billions of dollars’ worth of bonds backed by rental payments. The Great Recession Revisited I recall a time when I was growing up in the Bronx, in a rent stabilized apartment, that the […]

No More Mixed Feelings on Mixed-Use Areas

Wed Dec 4, 2019 by on Florida Real Estate

No More Mixed Feelings on Mixed-Use Areas

The battle between the ever-shrinking housing supply in the United States against the rapidly increasing number of buyers has led to home prices rising. Adding this to the smaller land supply makes the already undesirable situation for those living in the country’s urban centers much worse. Affordability Is Still an Issue The JCHS State of the Nation’s Housing report shows […]

A Personal Thanksgiving Message

Sat Nov 23, 2019 by on Holiday Wishes

As has been the custom for more than a decade, I like to reflect at this time of year for all those intangible things for which I am truly thankful. To start off as we are a nation that to some may appear more divisive and apart than ever before I know that in my heart of hearts we are […]

U.S. Home Sales Decline as More Americans Are Staying Put

Wed Nov 13, 2019 by on Florida Real Estate & Real Estate

us home sales decline

Despite the recent interest rate cuts, U.S. home sales dropped more than expected in September. A new study sheds light on the typical American homeowner now staying in their home much longer and its considerable impact on the housing market. A Growing Problem: Low Supply, Higher Prices Redfin conducted the study and determined that the typical American homeowner has spent […]