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Tag: Real Estate

The Wealth Effect: Do you feel it?

Mon Jan 27, 2020 by on Real Estate

rising stock market

With the fresh stock and real estate market highs as well as consumer spending continuing to accelerate, we must ask, is there a “wealth effect” in play? The “wealth effect” refers to an increase in consumer spending that is relative to portfolio performance such as strong markets in real estate and stocks. Simply put, when a person’s investments go up […]

Baby Boomers are selling over 21 million homes… what could this mean?

Tue Jan 7, 2020 by on Real Estate

Baby Boomers Are Selling Over 21 million Homes

Despite the ever-shrinking housing supply in the United States, about 21 million homes are expected to be vacated in the next 20 years. Why? Baby Boomers. As the Phrase Goes: Location, Location, Location Baby Boomers want to start selling their properties, but these homes are not in the preferred locations of the generations that are in the process of buying […]

U.S. Home Sales Decline as More Americans Are Staying Put

Wed Nov 13, 2019 by on Florida Real Estate & Real Estate

us home sales decline

Despite the recent interest rate cuts, U.S. home sales dropped more than expected in September. A new study sheds light on the typical American homeowner now staying in their home much longer and its considerable impact on the housing market. A Growing Problem: Low Supply, Higher Prices Redfin conducted the study and determined that the typical American homeowner has spent […]

Legal Marijuana Leading to “Higher” Home Values?

Mon Oct 28, 2019 by on Real Estate

Legal Marijuana Leading to “Higher” Home Values?

It’s no secret that there is an ongoing trend across the country of states allowing marijuana sales for both medicinal and recreational means. We now have data on how legal marijuana sales can affect home values in those states and cities that allow it compared to those that don’t. The results may surprise you! Marijuana may be Your New Friendly […]

Renting: The Millennial Trend That Has the Housing Market Booming

Renting: The Millennial Trend That Has the Housing Market Booming

With its warm climate, Florida is appealing for our aging population, especially the elderly. In fact, Florida is the national leader in drawing senior citizens from other states as permanent residents. According to a recent survey, baby boomers who are mostly now in their 50s and 60s, and older seniors are fueling rapid growth in the south Florida real estate […]

Getting Zesty: Zillow’s Upgraded Zestimate

Mon Aug 5, 2019 by on Real Estate

Getting Zesty Zillows Upgraded Zestimate

What Is Zestimate? Created by Zillow, an online real estate database company, Zestimate is the company’s home valuation model, which estimates a home’s market value based on public and user-submitted information. It considers several factors, including home features, location, and market conditions. Currently it’s the most commonly-used home valuation estimator online and, yet, has been at the center of controversy […]