Homebuyers, now more than ever, are buying homes which come with all of the furniture. While it was not unusual for second home or resort community homebuyers to purchase homes including the furniture, the pandemic has brought many homebuyers in general looking not to buy just a home but also its furnishings—even if the furnishings are not for sale. Why? […]
As more and more people search for affordable homes, housing start-ups such as Boxabl offer an alternative to “traditional” housing. Boxabl provides mass produced building construction for small ADUs (or Accessory Dwelling Units). For instance, their Casita product, a 375 ft ADU is delivered on a regular flatbed trailer, unfolded, and apparently set up as a complete home in two […]
With increased mortgage interest rates, many sellers are debating whether to sell their homes. These sellers face the same issue as many potential home buyers: pressure from rising interest rates. Why? Unless a seller obtains a cash buyer for their property, many home buyers may not be able to afford the home they wish because of increasing interest rates. In […]
For years, we have been talking about the impact of climate change on South Florida real estate. I have said in the past that change would likely not come slowly, but that rather it will at some point, become an imminent change. With the images of the destruction from the west coast of Florida from Hurricane Ian, we see close […]
With the ever-evolving landscape of the metaverse, holograms, and focus on artificial intelligence, futuristic cities are being developed. One such futuristic real estate project, AI x Future Cities, relies upon an artificial intelligence imaging tool that generates images based upon written prompts. Using phrases such as “futuristic towers” and “utopian technology,” real estate designs and architecture are created through the […]
Online searches for “sell my house” has increased by 147% as of July. Florida ranked number 5 out of the top 10 states that had the most searches for selling a home. In fact, Fort Lauderdale, West Palm Beach, Miami, Coral Springs, Boca Raton, and Port St. Lucie are some of the cities that had the most search queries. Is […]
Sellers are changing their playbook because of mortgage rates OVERVIEW Why the housing market has been hot in 2022 What suggests prices are starting to cool down How home prices will affect the economy The housing market is currently full of unhappy people. Among them are sellers who realize they’ve listed their properties too late. Redfin says home prices are […]
With economic uncertainty in the market, many homeowners are looking to adjustable rate over fixed rate mortgages. Why? Initially adjustable-rate mortgages, or ARMs, typically offer lower rates than fixed mortgage rates and then adjust at specific intervals over the life of the loan. Currently, ARMs look attractive to those home purchasers who are concerned with both higher mortgage rates, rising […]