Various economists are predicting that the home price growth will slow down. If this does not happen, home purchase prices will go further out of reach for homebuyers that the housing market overall will overheat. Already there is far more demand than supply, and far less affordable homes in reach of potential purchasers. While most of these economists prefer the […]
As we continue to live with the COVID-19 pandemic that is morphing into something endemic, the concept of the workplace is ever evolving. While there are many of us who have returned to traditional offices, there also remains others who are able to either work from home or are hybrids (working a few days at a traditional office and remotely). […]
“Branded” housing is definitely in vogue in South Florida. In the luxury residential real estate market, purchasers seek brand names such as Ritz Carlton, Four Seasons, Porsche, and Aston Martin as they consider homes. The number of hotel branded residences, for example, doubled from 2010 and 2020. Why? Such high-end residences provide an array of services, ranging from spas […]
With the onset of the pandemic, supply chain issues, climate change, and grocery shortages, Earthships have emerged as an option to “traditional” residential housing. Devised by builder Mike Reynolds, these “vessels” are off-grid, self- reliant homes build from tires, dirt and garbage. An entire community of Earthships, found in New Mexico, sits on 630 acres, where its residents treat their […]
Looking to buy land? Want to invest in perhaps the most in demand real estate market? While one would traditionally scour specific areas to live, considering schools, zoning, work-life balance, cost of living, and other factors, the metaverse has attracted a frenzy of digital real property sales, setting records during the past few weeks. Welcome To The Metaverse Picture courtesy […]
The recent lifting of pandemic related international travel to the United States has created huge anticipation of an influx of foreign investment within South Florida. Although foreign buyers in Florida make up approximately 5% of the dollar value of sales, analysts predict that, with the easing of travel restrictions, international buyers will flood the South Florida housing market, making the […]
While most of us have yet to be formally introduced to the term “Metaverse” that will change shortly as Facebook plans on changing its corporate name to embody the Metaverse world. With the recent launch of William Shatner (and others) in space, most of us realize that what we once thought was sci-fi has now become reality. The concept of […]
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 […]