Since late last year, residential properties in South Florida ranging from $1 million plus to over $15 million have been selling at incredible pace. Single family sales doubled, with average sales prices increasing 20.1% from $2.55 million to $3.06 million, with all cash deals more than doubling. While high-end condo market sales are arguably outpacing single family home, the overall […]
Home Buyers And Sellers Moving Away From Traditional Real Estate Transactions BROWARD COUNTY, Fla. – When it comes to real estate here in South Florida and many other areas of the country, it’s a hot sellers’ market and market experts say more people are foregoing the traditional path and taking the process into their own hands. When Suzanne Tuccelli and her […]
The economic downturn amid the COVID-19 pandemic has caused some to accept partial rent payments from struggling tenants. By Cedra Mayfield | March 04, 2021 at 07:16 PM | The original version of this story was published on Daily Report Online Closeup of red, white for rent sign attached, hanging on wooden apartment, house, home, building door with glass windows Landlords, beware. The economic downturn amid […]
Broker commissions for residential real estate are being challenged. With more and more home buyers relying more on technology for video-tours and neighborhood research, “traditional” real estate commissions are being challenged and yet have largely remained unchanged. Paid by the home seller, the commissions are typically as high as six percent, three percent being paid to the seller’s agent and […]
Pandemic House Buy without Performing Due Diligence Purchasing a home is one of the biggest decisions that many make considering the purchase price. Unlike buying goods at a store, houses are not returnable. As a result, one has many factors to consider before making a home purchase—and should not simply rush into such a purchase. The Role of the Pandemic […]
What will homes of the future look like? While it remains to be seen, the trend is that sustainability and technology will have a tremendous impact as to how we will build and equip our homes. Some of these trends have emerged as a result of the pandemic, others were already in the making. Regardless, homes of the future will […]
As home purchasers have experienced, home prices have remained incredibly strong during the pandemic due to increased demand and low supply. Several reasons are attributable to this housing boom. One, “work-school culture” has changed. The division between work and school being outside of the home blurred as more and more of us were able to work from home and schooled […]
As the year slowly comes to an end, the fact that there may be a potentially viable Coronavirus vaccine is incredible. With this in mind, however, the recovery of our overall economy remains in question with some reminders of the Great Recession of 2008. Tale of Two Cities The effects of COVID-19 has left many top-tier economists to wonder how […]