As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and more. The home itself will also boast some of the finest features available.

According to the Luxury Market Report from the Institute for Luxury Home Marketing, there’s been a substantial increase in how many buyers are purchasing luxury homes over the past two years. It says:

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There were so many people screaming about foreclosures in the last year because of the pandemic, saying that the foreclosure numbers were going to explode once forbearance programs ended at the end of 2021. These people were saying the market was gonna crash like 2008 because of the foreclosures, and they were warning people not to buy. Hey, it's Andy with the Mandel Team at RE/MAX and it turns out those alarmists were just wrong just like we predicted, but let's dig into these numbers.


Today's data shows that most homeowners are exiting their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again. Let's look at the graph. According…

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A recession does not equal a housing crisis. That's the one thing that every homeowner today needs to know home buyers as well, everywhere you look, experts are warning that we could be heading towards a recession sometime in the next 12 to 24 months. Even if that's true, an economic slowdown does not mean that homes will lose value.

A recession is defined as a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. Typically it's when you have two consecutive quarters of gross domestic product going negative, let's take a look at the chart. There have been six recessions in this country over the past four decades. As the graph shows, looking at the recessions going all…

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The shift everyone's been talking about and waiting for in the South Florida real estate market, is starting to happen. Hey, it's Andy Mandel, with The Mandel Team at RE/MAX, and I'm here to bring you your June 2022 housing market update. As always, for the purposes of these videos, I'm going to be talking about single family homes only, in Boca, Parkland, and Coral Springs. That's the area where our team does the predominant amount of our business. No country clubs, no townhouses, no condos, no 55 and over. So let's get into it.

The first stat we like to look at, is the number of new listings hitting the market. The supply. Now that's down only 1%. So we're not seeing a ton of new listings, but we're also not seeing a decrease, which is what has…

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Here are our tips to get your offer accepted in a very competitive bidding situation. Number one is get pre-approved for a mortgage. Not just pre-qualified, but fully underwritten upfront from your lender. This will allow you to write the offer, maybe as good as cash, or with a very short loan approval period. Those terms are really gonna stand out and could help you push your offer to the front of a line, even if you're not necessarily the highest offer.

Number two is be ready to make a decision and pounce on the right house when it comes available. You have to know your must haves and your wants, you have to know exactly where you wanna be. Homes today, they're not sitting on the market long so if you know exactly what you want and you're…

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So you know the news today is all about inflation, it's something we feel in our everyday lives as prices go up for gas, groceries, and everything else. As the cost of living continues to rise, big purchases might not be worth it unless they're really important.

Hey, it's Andy with The Mandel Team at RE/MAX, and if you've been thinking about purchasing a home this year, you're probably wondering, should you continue down that path or does it make sense to wait? While the answer really depends on your situation, here's how home ownership can help you combat the rising costs that come with inflation. Investopedia explains that during periods of high inflation, prices rise across the board, things like food, entertainment, and other goods and…

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So you started looking for a home a few months ago and you finally found the home of your dreams. You have your preapproval letter ready to go 'cause you're smart and you know that you need that to write an offer. The letter says you're approved for up to $500,000 and that's the list price of this house that you love. You're so excited. You call me, your realtor, and you say, "Andy, let's write the offer for full price, $500,000." Hold up. Let's check with the mortgage lender to make sure everything still checks out. Hey, Mr. Lender. Yeah, we wanna make an offer on 123 Main Street. The purchase price is $500,000. What? What do you mean we don't qualify?

Hey, it's Andy Mandel with ReMax and as I'm sure you've heard, interest rates have gone up…

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All of the contracts that we're writing down here these days are on what's called the As-Is with Right to Inspect Form. That means you as the buyer have the right to get a home inspection. The contract states that you as the buyer can back out for any reason whatsoever, during your home inspection period. So make sure you're getting a good, reputable home inspector to check out the house thoroughly during that period to make sure that if the home is not in good condition, you can back out and you get refunded all of your money.

Some of the things the inspector's gonna look for are roof, AC, plumbing and electrical issues. Those are the big, main four. So they're gonna make sure the home has no roof leaks. They're gonna make sure all the…

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Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals.

What’s Happening with Home Prices? 

Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says:

“Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”

So why are prices climbing so much? It’s because there are more buyers than there are homes for sale. This imbalance is expected to maintain that upward pressure on home prices because homes for sale are a hot commodity…

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According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today.

If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search.

Early Signs Inventory May Be Growing

The latest data from realtor.com shows the number of listings coming onto the market, known in the industry as “new listings,” has increased since the start of the year (see graph below):

This indicates more sellers are listing their…

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