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 […]
The COVID-19 pandemic has created two distinct real estate market forces. One involves what will happen once the mortgage forbearance relief programs end while the other involves the current housing boom. While no one can negate the seriousness of the pandemic, there are those that liken the real estate market as “A Tale of Two Cities”: for as many of […]
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 […]