If you're following the news, all of the headlines about conditions in the current housing market today may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Hey, it's Andy Mandel with the Mandel Team at RE/MAX. And here's what you need to know. The housing market is moderating compared to the last two years. But what everyone needs to remember is that the past two years were record breaking in nearly every way: record low mortgage rates, millennials reaching peak home buying years, and the mass work-from-home opportunities that became normal led to an influx of buyer demand.

At the same time, there weren't enough homes available to purchase thanks to many years of underbuilding and sellers were…

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Hey, it's Andy with the Mandel team at RE/MAX. I'm here to give you your July 2022 Housing Market Update. As always for the purposes of these videos, we're gonna be going over the leading indicators of where the real estate market is headed, not where it's been. And when we do these videos, we're specifically focusing on Boca, Parkland and Coral Springs. Those are the areas where our team does the predominant amount of our business. And we're gonna be talking about single family homes only. No condos, no townhouses, no 55 and overs, and no country clubs. So let's get into it.

The first stat we like to look at is the number of new listings hitting the market. Now there's a big divergence. The number of new listings was up 36% in Boca, but it was…

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Hi, I'm Andy Mandel with the Mandel Team at Remax. And I work with buyers, sellers, investors, landlords, and tenants. Our team has over 50 years of combined real estate experience and we sell over 200 homes per year. We are experts in navigating, the sometimes tricky, real estate sales process and we can help overcome any potential issues that might happen during your home buying or selling process.

Whether you're a first time buyer or seller or a seasoned real estate investor, we've got your back. Our reputation in the business will help you get your offer accepted in multiple offer situations. And our marketing plan is second to none. Helping sellers consistently set neighborhood record prices in any market condition. If you're looking to buy…

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If you're looking to buy your first home, you're likely balancing several factors, because both mortgage rates are up almost 3% in 2022, and home prices have continued to rise this year. It costs more to buy a house now, than it did even just a few months ago. But that doesn't mean you have to put your plans on hold. We can help you put together a plan to navigate this real estate market and find the home you're looking for. Here are two tips to help you get started.

Number one. Be open to homes that need some updating. Most buyers want turnkey, move in-ready homes, but those are not as common as you might like. Even when you find one, the competition will still likely be higher and you're paying more money for the house. Just because the…

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Have you been looking for a home and wanna have the ability to buy a house all cash? Fairway Mortgage, as one of our preferred lenders, has a new program called the Fairway Cash Guarantee. Hi, I'm Andy Mandel with The Mandel Team at RE/MAX, and I'm excited to announce a new solution to a common problem in the real estate industry today. Here's Scott to explain how the Fairway program works.

The Fairway Cash Guarantee will enable you to compete with cash offers, and it'll also put your offer ahead of other financed offers. Here's how it works. We start off by completing the Fairway Advantage pre-approval, in which we do a full underwrite on you upfront before you go out and start looking at homes and making offers. We will review all of your…

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Hi, I'm Andy Mandel with the Mandel team at Remax. It's not a secret that interest rates are rising in the United States. Fairway Mortgage, as our preferred lender, has a new program called "Lock Shop & Go." Normally you can't lock in an interest rate until you're already under contract. This program allows you to lock in an interest rate now, before you go under contract. Here's Scott Lushing, our preferred lender, to tell you more about this product and how it works.

Yes, it is true. Interest rates have gone up over 2% this year and we aren't even halfway through the year yet. Don't you wish you could have locked into your rate even though you hadn't found a home yet? Well, now you can with our Lock Shop & Go program, here's how it works. And…

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One of the biggest concerns for a homeowner looking to sell is the time that they'll have to put in before listing their home. If that's the case for you you should know your home might be closer to list-ready than you think, in today's market. A survey of recent sellers from realtor.com finds that many were able to get their home ready in less than a month. According to the survey, the preparation process took less than a month for over 50% of home sellers this past year with 20% completing it in less than two weeks. With the limited number of homes for sale there's very few options for those buyers to choose from which means they may be willing to take on projects after they purchase.

Because of this, you may be able to focus on less…

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Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you're looking to purchase your first home, you may be wondering what's happening in the housing market today, how much you need to save, and where to start.Hey, it's Andy Mandel with the Mandel Team at RE/MAX. And in this video, I'm gonna give you the three tips that I'd recommend for first time home buyers.

Number one, consider a fixer-upper. Today, there are still more buyers in the market than there are homes available for sale. It's important to have an open mind and consider a home that could use a little cosmetic updating. I'm not suggesting you buy the dilapidated mold box…

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Many people are wondering will home prices fall this year? Whether you're a potential home buyer, seller, or both, the answer to this question matters for you. Hey, it's Andy Mandel with the Mandel Team at RE/MAX. And in this video, we're gonna break down what's happening with home prices, where experts say they're headed, and how this impacts your home ownership goals.

Home prices have been going up since they bottomed out in 2011. In fact, we've seen 121 consecutive months of year over year increases. In 2021, they went up about 24% compared to 2020 in our area here in South Florida. So, why are prices climbing so much? It's because there are more buyers than there are homes for sale. Even before the pandemic induced craziness, we were already…

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- As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here's the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. After leveling off last year, home price appreciation has re-accelerated since November. The graph below shows increases in home price appreciation in green. This is largely due to an ongoing imbalance in supply and demand. Specifically, housing supply is still low, and demand is still high.

As mortgage rates started to rise this year, many home buyers rushed to make their purchases before those rates could climb any higher. The increased competition drove home prices up even more. And experts say,…

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