The number of homes sold last month decreased for the first time in a year, while prices remained stable. Closings in Palm Beach were down 10.0%, Broward 2.8%, and 3.5% in August as compared with last year, with the median sales price in Palm Beach being $480,000.00 (up 20% from last year); $495,000.00 in Broward (up 19%), and $500,500.00 in […]
Do you have a decent size garage? Are you looking for extra rental income? Well, look no more! There is a growing trend to convert garages into an accessory dwelling unit (or “ADUs”) to rent. What exactly is an ADU? Picture Courtesy WC Studios An ADU is a smaller, independent residential dwelling unit located on the same lot as a […]
A potential disruptor in home construction is the advent of 3-D printed homes. Not only does the use of 3-D printing obviate the current labor and supply shortages, causing an undersupply of available homes to purchase but also provides a more affordable market price for home buyers. What is a 3-D printed home? Picture courtesy interestingengineering.com 3-D printed homes are […]
Many prospective homebuyers are waiting for a correction in the housing market to purchase a home at a bargain comparable to the 2008 market crash. However, there are different factors now. The housing bubble 15 years ago was largely driven by questionable lending policies that led to a boom in new construction and a speculative frenzy. Now, prices are high […]
Published: September 2, 2021 8:59 am on WPLG Local 10 by Authors Kathleen Corso & Kristi Krueger WESTON, Fla. – Condos, apartments and single family homes: Demand for every kind of housing in South Florida has been soaring, but some experts see signs of a shift. Last month, property sales in Miami-Dade, Broward and Palm Beach counties dropped compared to July 2020. “I […]