According to the Institute for Luxury Home Marketing, in November, sales ↑ 55% than listings, as demand is outpacing supply. On avg, the median list price of single-family luxury homes ↑ 7% YoY, and this trend is expected to continue in 2022.
Experts say now is probably the best time to get in, so one is not priced out of their dream home in 2022.The rental market, like the purchasing market, is extremely competitive right now.
To succeed in the rental market, one needs an agent who knows the market and has the clientele.The luxury rental market in South Florida is expanding, with more buyers looking for rental options before landing on their desired home.

Trends in South Florida's luxury Real Estate market as 2022 nears

South Florida home prices are continuing to rise, with the market expected to become even more competitive as winter approaches.Median sale prices ↑ 19% YoY in Palm Beach County to $500K in October.
For Broward County, the median sale price of a home ↑ 17.8% YoY to $489K in October.
In Miami-Dade County, the numbers ↑ 12.6% to $490K for October.
Palm Beach County and Broward County both have > 1-mo of inventory left, while Miami-Dade County has > 2-mo of supply left over.With more foreign buyers headed to South Florida, and snowbirds coming, the rental market, too, is experiencing record demand.

House prices shoot up by as much as 19% In South Florida

Home prices shoot up by as much as 19% In South Florida

While the holiday season isn’t a peak time to purchase Real Estate, that doesn’t mean doing so is a bad idea.
In a sellers’ market, homebuyers will need to have an aggressive and favorable offer, even during the holiday season.
Unlike a month ago, DOM ↑ ~ 15-days, meaning more room for negotiation, fewer bidding wars, and the ability to add more contingencies.In addition to a tax break due to paying the tax-deductible interest, the deals closing by December 31st are entitled to that tax year's advantages. During this time of year, in addition to agents being less busy, buyers can also check for insulation or heat.

Why the holidays are a good time to purchase a house

Why the holidays are a good time to buy a house

The statewide median sales price for single-family existing homes in October was $358,950, ↑ 17.7% YoY.
The statewide median price for condo-townhouse units was $260K, ↑ 17.6% YoY.
Closed sales of single-family homes statewide last month totaled 27,628, ↓ 6.8% YoY, while existing condo-townhouse sales totaled 11,433, ↓ 5.6% YoY.
In October, single-family existing home sales paid in cash ↑ 25.4% YoY, while cash sales of condo-townhouse units ↑ 6.5%.
At the end of October, single-family inventory (active listings) ↓ 29.9% YoY, while condo and townhouse inventory ↓ 54% YoY.

Florida’s housing market saw low for-sale inventory in October

The 30-yr avg fixed mortgage rate ↑ today, but rates are still at historical lows.
30-yr FMR WoW
The benchmark rate ↑ to 3.26%
↓ than the 52-week high of 3.37%
APR ↑ to 3.38%
At today’s rate, borrowers with a 30-yr FRM of $100K will pay $436/mo in principal and interest; the loan-life interest totals $56,872.15-yr FMR WoW
Avg rate ↑ to 2.56%
↑ than the 52-week low of 2.28%
APR ↑ to 2.75%A 15-yr FMR of $100k with today’s interest rate will cost $670/mo in principal and interest; the loan-life interest totals $20,531.

Current national loan rates November 30,2021

Current national mortgage rates November 30,2021

Bidding wars have steadily ↓ since a peak in April, only to surge back or stay the same in many cities in October. Much of the competitiveness is concentrated in inventory-starved Western states, especially in CA. 
Sacramento logged the second-most competitive market, with an ↑ 77% MoM of bids facing a competing offer.San Diego, CA, and SF were also in the top five areas facing bidding wars.
Bidding wars have intensified in Dallas, Honolulu, Seattle and Colorado Springs, Colorado, while some cities escaped the rebound in a competition last month.
Most notably, Las Vegas, Miami, Charlotte, North Carolina, Phoenix and Tucson, Arizona saw bidding wars drop in October.

Competition to purchase a house is heating back up in these U.S. Markets

Competition to buy a home is heating back up in these U.S. Markets

The median home-sale price hit a new all-time high of $359.975, ↑ 14% YoY and ↑30% from 2019 and ↑ 1.9% MoM.
The asking prices of newly listed homes ↑ 12% YoY and ↑ 26% from 2019 to a median of $352,250.Pending home sales ↑ 8% YoY, and ↑ 51% compared to the same period in 2019.New listings of homes for sale ↓ 2.7% YoY, but ↑ 12% from 2019, while active listings ↓ 22% YoY and ↓ 41% from 2019.Homes that sold were on the market for a median of 24 days, ↓ YoY from 31 days.

House prices hit a new all-time high

Home Prices Hit a New All-Time High

While national single-family demand sits at 900K-units/yr, 1.1M-units are planned.
Meanwhile, institutional investors have already announced build-to-rent home plans of $75B. 
Non-primary buyers, such as Wall Street investors and fix-and-flip investors, are driving a lot of building and buying.But, Zillow's iBuying disaster illustrates how things could go wrong when the market turns.The most at-risk markets are Phoenix, Atlanta, and the Carolina, as well as Dallas, Houston, and Austin, Texas.
Cities with fewer buildings, such as Cleveland, Milwaukee, or Madison, Wisconsin, face less risk from incentives.

Why house prices will tank far sooner than buyers, sellers, and Wall Street think

Why home prices will tank far sooner than buyers, sellers, and Wall Street think

Apartment rents are soaring across the U.S., with South Florida in the lead. New York isn’t far behind.In Miami, West Palm Beach and Fort Lauderdale, rent ↑ 36% YoY in October, while the NYC metro area ↑ 31% YoY.(Redfin)The avg increase in monthly rents nationwide was 13%, the highest growth rate in at least 2-yr.
Seattle; Portland, Oregon; and Austin, Texas, were also among metro areas that beat the U.S. avg.Rents have been rising fastest in Sun Belt cities such as Miami and Austin, where jobs and relatively low costs have pulled in transplants.

South Florida and NY see apartment rents surge more than 30%

South Florida and New York See Apartment Rents Surge More Than 30%

Population growth
Many believe 2022 will be about the state’s west coast, as people will still want to move from major cities in search of space and a slower-paced lifestyle.
Smaller markets like Fort Myers, the Panhandle, Lakeland, and Melbourne have a pricing advantage over the state’s larger metros.
Other drivers of demand
Another positive trend is the potential return of international buyers, who have largely stayed on the sidelines due to pandemic travel restrictions.
Institutional buyers will continue to invest in the single-family-home rental market, while families will be the largest source of demand for investment properties.Mortgage rates
While rates may go up slightly next year, most forecasts indicate they will still be in the 3-3.5% range.

Real estate trends for Florida in 2022

Real Estate Trends for Florida in 2022

Government-insured loans
These loans are available from a bank, non-bank and credit union lenders.
2. Government-sponsored enterprise loans
If you have good credit, 680 or higher, these loans offered by Fannie Mae and Freddie Mac are an option. 
These are conventional loans for people with good credit, are W-2 employed and don’t have a lot of debt, according to an expert.3. Down-payment assistance
Banks such as Bank of America and Sandy Spring Bank offer down payment assistance. 
4. State down-payment assistance programs
Grants that don’t have to be paid back ever, or as long as you own or occupy your home for a required period of time.

How to get a low down-payment mortgage

Miami is set to reign as the most prosperous high-end housing market next year, according to a 2022 forecast by Knight Frank.
Miami luxury property prices are expected to ↑ 10% in 2022 due to:
-Florida’s low-tax environment
-Competitive prices
-The enduring appeal of coastal living
LA ranked third, where record-low inventory levels paired with a healthy appetite for large family homes, are set to push high-end home prices ↑ 8% in 2022.Key growth drivers next year are:
-The easing of travel restrictions
-Limited supply
-Demand for second homes
-Increased wealth among big-ticket buyers
The ranking comes as no surprise as sales continue to surge and there is a chronic lack of inventory.

Miami’s luxury homes will gain an average 10% in 2022, forecast says

Miami’s Luxury Homes Will Gain an Average 10% in 2022, Forecast Says

A principios de este año, Realtor.com calculó que la diferencia entre el número de viviendas necesarias y el número de viviendas disponibles es de 5.24M.Entre Enero de 2012 y Junio de 2021, se formaron 12.3 M de nuevos hogares estadounidenses, pero solo se construyeron 7 M de nuevas casas.Esa escasez contribuye a que el ritmo de ventas siga siendo rápido, la demanda de viviendas siga siendo alta y los listados sigan siendo bajos en comparación con años anteriores.Durante las 4 semanas que terminaron el 17 de Octubre, el 33% de las viviendas en más de 400 áreas metropolitanas firmaron contrato en el plazo de una semana desde que se enlistaron, ↑ 30% YoY.Los listados activos ↓ 22% YoY en las 4 semanas que terminaron el 17 de octubre, mientras que las ventas ↓ 40% en comparación con 2019.El precio promedio de venta ↑ 13% YoY a $355,875 durante las 4 semanas que terminaron Oct. 17, ↑ 29% comparado con 2019.

Escasez de viviendas en venta sigue afectado al mercado inmobiliario

Investing in multifamily Real Estate? Here are five tips.
Valuate 
Mitigate your risks and pre-anticipate your investment worth by:
Figuring out your cap rate
Finding your 50%
Calculating your cash flow
Consider market trends
Market analytics will help you determine a particular area’s current supply and demand to make smarter decisions.
Location 
Look for high-growth areas that are increasingly attracting more families to appeal to more renters. 
Factor in unplanned scenarios
As even the best-performing markets are subject to declines.

5 Tips for investing in multifamily real estate

5 Tips for Investing in Multifamily Real Estate

Experts say supplying affordable rental housing doesn't solve the affordability crisis, as there’s no shortage in much of the country.The problem is that millions of people lack the income to afford what’s on the market. 
Nationally, ~ 45% of all renter households spend > 30% of their pretax income on rent, the widely recognized threshold of affordability. Nearly two-thirds of renters paying at least half of their income on housing earn below the poverty line (< $20K).At the heart of this crisis is the fact that building and operating housing costs simply exceed what low-income renters can afford.  Covering the difference between what very low-income renters can afford, and the actual rents is the only solution.

Why building more homes can't solve the housing affordability issue

Why building more homes can't solve the housing affordability problem

Esta es la última versión de la ley "Build Back Better" de Biden, publicada a principios de Noviembre.$65 B para la infraestructura de vivienda pública de E.U.
$10 B para la ayuda al pago inicial de los compradores de primera generación.
~$5 B en subsidios para préstamos hipotecarios con tasa flexible a 20 años para hogares de bajos ingresos.$24 B para bonos de vivienda
$15 B para hogares con ingresos extremadamente bajos.
$7.1 B para familias en riesgo de quedarse sin hogar y para supervivientes.
$15 B para el HTF y $10 B para el programa HOME.
$2 B para viviendas de alquiler en zonas rurales.
Financiación para un programa de subsidios competitivo.
Sin embargo, los expertos afirman que el plan no garantiza la reducción de la inflación, e incluso podría empeorar el balance en el mercado.Los subsidios ayudarán a cambiar la economía en la construcción de viviendas asequibles de alquiler y de entrada, pero llevará tiempo.

¿Ayudará el programa "Build Back Better" de Biden a los inquilinos y compradores?

El promedio de las rentas en apartamentos en Noviembre YoY:
Condado de Palm Beach ↑ 33%.
Condado de Broward ↑ 25%
Condado de Miami-Dade ↑ 27%
En el Sur de Florida, se prevé que las rentas ↑ 8% a finales de 2021, con la mayorîa de los inquilinos dedicando >40% de su ingreso a su alquiler.Uno de los factores en el astronómico aumentos de las rentas es que los propietarios están tratando de compensar los descuentos dados durante la pandemia.Al tener pocas opciones, algunos inquilinos pueden intentar negociar un aumento menor, aunque los expertos advierten que esto puede ser complicado.

El aumento de las rentas se han convertido en la regla en el Sur de Florida. ¿Habrá manera de defenderse?

Manchester-Nashua, NH
Rango de actividad: 1
Promedio de días en el mercado: 24, ↓ 6 YoY
Precio promedio de enlistado: $419,900
Burlington, NC
Rango de actividad: 2
Promedio de días en el mercado: 28, ↓ 4 YoY
Precio promedio de enlistado: $295 K 
Eureka-Arcata-Fortuna, CA
Rango de actividad: 3
Promedio de días en el mercado: 25, ↓ 24 YoY
Precio promedio de enlistado: $489 K
Rochester, NY
Rango de actividad: 4
Promedio de días en el mercado: 23, ↓ 8  YoY
Precio promedio de enlistado: $211K
Raleigh, NC
Rango de actividad: 11
Promedio de días en el mercado: 19, ↓ 30 YoY
Precio promedio de enlistado: $425 K

Los mercados de vivienda más activos en Octubre 2021

While industry insiders predict 2022 price growth as not astronomical, there’s no consensus.2022 home price growth forecasts:
Zillow: ↑ 13.6%
Goldman Sachs: ↑ 16% 
If interest rates lock at 2.98%, the monthly payment would be $1,682, but if it is 3.4%, the monthly payment ↑ to $1,774.At the MBA-forecasted rate of 4%, monthly payments ↑ to $1,910, adding $82K to the loan-life.Lumber ↑ 300% than its pre-pandemic price this spring and caused material shortages and supply chain issues. 
Over the past 4-mo alone new-home prices ↑ 5%; not to mention, the Great Resignation has hit the construction industry hard. As lumber prices ↓ to $389 by mid-August, sidelined DIY buyers are returning, helping to send the price back to $575.

2 big unknowns loom large over the 2022 housing market

Even as sales levels remain high, homebuyers may see some relief in price appreciation in the coming months.
closed transactions ↓ 6.4% MoM among the 51 metro areas surveyed in October, nearly twice the pre-pandemic avg of ↓ 3.3%. 
Home sellers have enjoyed annual increases in sales prices for 34 consecutive months.
Nationally, October saw the second-lowest month’s inventory supplies in the report’s history, at 1.3.

Signs of tight housing market persist in October

Forecast

#realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket

2022 Forecast for key housing indicators

2022 Forecast for Key Housing Indicators

2022 house prices will keep rising at or near double digits

2022 home prices will keep rising at or near double digits

Real Estate experts predict rent to keep rising in South Florida

Predictions for the future of the real estate market

Predictions For The Future Of The Real Estate Market

Here’s why Home Depot sales predict the housing market

The housing crash will be even worse than predicted

Mobile Friendly

4 house-flipping predictions for 2022

Salary requirements for a house loan

Income requirements for a home loan

How to finance in real estate with no currency

How To Invest In Real Estate With No Money

What is cash-out refinancing?

How to acquire a house loan for single incomers

How to get a home loan on a single income

Getting a bigger house: Should you expand or purchase?

Getting a bigger house: Should you expand or buy?

Here's how much house prices have risen since 1950

Here's how much home prices have risen since 1950

How to purchase a house with bad credentials

How To Buy a House With Bad Credit

Market Report Videos

Current national loan rates: December 6th, 2021

Current national mortgage rates: December 6th, 2021

Por qué los precios de las viviendas se reducirán mucho antes de lo que piensan los compradores, los vendedores y Wall Street

La competencia por la compra de vivienda vuelve a ser mayor en estos mercados de EE.UU.

How much homes are selling for in Miami

How Much Homes Are Selling For in Miami

SubMarket Report Videos

Broward Market Update

Palm Beach Market Update

St. Lucie Market Update

Martin Market Update

Tips for Homeowners

4 Tips for finding a house assurance that's worth the value

4 Tips For Finding A Home Warranty That's Worth The Money

Finding remortgage conveyancing solicitors

How to find remortgage conveyancing solicitors

Real Estate financing plans

Real Estate Investment Plans

3 Trends for First-time Landlords

Tips for planning to purchase a condo unit

Tips for planning to buy a condo unit

How to purchase land: your guide to investing

How To Buy Land: Your Guide to Investing

Making the best purchase proposal in a seller's market

Making the best purchase offer in a seller's market

Smart real estate advice for first-time homebuyers and sellers

5 Tips for low refinancing rates

5 Tips to Get Low Mortgage Refinance Rates

How to be without debt: a few useful tips

How to be debt free: a few useful tips

Neighborhood Bio Videos

Archive Videos

Real Estate still needs that human touch

Current national loan rates: November 22, 2021

Current national mortgage rates: November 22, 2021

Happy Thanksgiving

Current national loan rates: November 17, 2021

Current national mortgage rates: November 17, 2021

Current national loan rates: November 16, 2021

Current national mortgage rates: November 16, 2021

Current national loan rates: November 15, 2021

Current national mortgage rates: November 15, 2021

Honoring veterans day

Honoring Veterans day

September rental data: Tech cities are back

September Rental Data: Tech Cities Are Back

U.S. house deals jumped 7% in September

U.S. Home Sales Jumped 7% in September

Brokerage Videos

Miami - Coldwell Banker Update

Miami - Keller Williams Update

Arizona

Atlanta

Austin

Central Coast

Charlotte

Chicago

Colorado

Dallas

Florida

Georgia

Houston

Illinois

Los Angeles

Maryland

Massachusetts

Miami

Minneapolis

Minnesota

Nevada

New Jersey

New York

North Carolina

Ohio

Orlando

Pennsylvania

Philadelphia

Portland

Raleigh

Sacramento

San Antonio

San Diego

San Francisco

Seattle

Tampa

Texas

Washington D.C.

Other Areas California

Other Areas USA

Calgary

Ottawa

Toronto

Vancouver

Vancouver Island

Other Areas Canada

The supply of homes has improved, but the demand is still high; home prices are expected ↑ 16% by the end of 2022. There are people that have never had this much equity in their homes.
There’s a lot more equity to tap into these days, which is much different from foreclosures during the Great Recession. Homes are getting snatched off the market fast, so if planning to sell, have a plan for the next move.
Some are renting after selling, some are sitting on the money, but most don't have regrets. There are creative offers these days: closing in 30-days or extra time to the seller to stay until they find somewhere else to go.

House prices projected to see 16% jump before 2022 finishes

Home prices projected to see 16% increase before the end of 2022