Is the housing market starting to crash here in South Florida? Hey, I'm Andy with the Mandel team at Remax. If this is your first time for the channel this is where we go over everything there is to know about eating, living, sleeping, playing, and loving the beautiful South Florida lifestyle. So if that interests you, make sure you subscribe to the channel and tap that bell icon. So you get notified every time we do a new video. We get so many calls, texts, and emails every single day from people moving here to South Florida. And we absolutely love it. So if you have any housing related questions and you're planning a move here in South Florida, make sure you give us a call, shoot us a text, or send us an email. However you want to communicate. We…

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Did you know that the average homeowner has a net worth almost 40 times more than the average renter? Homeownership is part of the American dream and it's one of the biggest financial assets that most people have and it's one of the biggest drivers of wealth in America.


Owning real estate allows you to build wealth because you have an asset that usually appreciates over time. Right now, obviously, in this market it's appreciating very rapidly. But in addition to the appreciation, every month when you make your mortgage payment, you're paying down the debt on the property, so every single month your net worth gets a little bit higher. So, with the combination of paying down the debt and the appreciation in the values, especially like we're…

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If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):

As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than doubled to over 10 years. The housing industry refers to this as your tenure.

To really explore tenure, it’s important to understand what drives people to make a move. An article from The Balance explores some of the primary reasons individuals choose to sell their houses. It says:

“People who move for home-related reasons might need a larger home or a house that better fits their needs, . . . Financial…

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An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available. However, signs of relief are finally appearing.

According to data from realtor.com, active listings have increased over the last four months. They define active listings as:

The active listing count tracks the number of for sale properties on the market, excluding pending listings where a pending status is available. This is a snapshot measure of how many active listings can be…

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With home prices appreciating so rapidly, we're seeing a big gap between the appraised value of the property and what buyers today are willing to pay. Here's what you need to know about this appraisal gap.

It's economics 101, with supply low and demand high, that's gonna drive up prices. So what we've been seeing in this market since basically the middle of last year, when all the lockdowns ended, was that buyers are rushing to buy properties, it's greatly increasing the price, but the appraisals just are not keeping up with where buyers today are willing to pay.


So what does that mean? If you're a buyer and you say, I'll give you $300,000 for this house, but then you're getting a mortgage, the mortgage company is going to require an…

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Video Tour of Coral Springs Home for Sale @ 9560 Shadow Wood Ct Coral Springs, FL 33071

For more info: https: https://looksee.it/xVx8T

Best deal in all of Coral Springs! Immaculately kept and upgraded home in quiet and ALL AGES Shadow Wood villas neighborhood - pet friendly & has a community pool! Featuring IMPACT WINDOWS w/ shutters for sliding doors, this home is move in ready and waiting for it's next buyer. Vaulted ceilings and an open floor plan make the home feel HUGE.

Split bedroom floor plan for privacy. Updated kitchen features granite counters & stainless steel appliances. Private screened in porch off the back. Master bedroom features 2 closets for tons of storage. Floors recently updated with high-end waterproof laminate. House…

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In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams.

Below are five things to keep in mind when it’s time to make an offer.

1. Know Your Budget

Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it:

“This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.

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One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

Here are the latest percentages showing the year-over-year increase in home price appreciation:

  • The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8%
  • The S. National Home Price Index from S&P Case-Shiller: 18.6%
  • The Home Price Insights Report from CoreLogic: 18%

The dramatic increases are seen at every price point and in all regions of the country.

Increases Are Across Every Price Point

According to the latest Home Price Index from CoreLogic, each price range is…

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There's a lot of headlines and news articles about the market getting back to quote unquote normal, what we were seeing pre Corona virus and in some parts of the country, that might be the case, but here in south Florida, we're just not really seeing it that strong yet.Here are five reasons why this market right now is anything but normal.

The first reason is interest rates. In a normal market interest rates are much, much higher than they are right now. As you can see from the graph interest rates historically are significantly higher. Your parents and maybe even your grandparents probably had ridiculous amounts of interest that they were paying on their loans compared to today's rate. Today's rate at just less than three percent is anything but…

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If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic. Over the last year, agents have adopted new technologies and safety measures designed to keep you safe. And experts say these practices are here to stay. As Bob Goldberg, CEO of the National Association of Realtors (NAR), puts it:

“The pandemic has confirmed to all of us in the industry that technology will continue to transform real estate.”

Below is a closer look at some of the new tools real estate professionals are using to better serve sellers.

New and Existing Technology Are Impacting the Process

In the 2021 Realtor Technology…

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