Market Updates

Oct. 2, 2021

October 2021 News Letter

As the Fall Real Estate Season has arrived, we look at how 2021 marks a year of very low interest rates and incredible buyer demand, met with an inadequate housing supply shortage in South Florida's market inventory. Demographic shifts of people moving from the North Eastern and West Coast of …
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Posted in Market Updates
Jan. 18, 2021

Why choose South Florida to buy a Residential Property?

South Florida is a little slice of heaven! The weather is amazing as the temperature is usually warm and the sun is shinning brightly on us! South Florida. Florida does not have a state Tax so multiple people leave states such as New York with their city, state and Federal …

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Posted in Market Updates
Dec. 29, 2020

2021 is a New Year For Us with a New Record Low For Mortgage Rates!

Have you looked at the Record Low Mortgage Rates? The mortgage rates have taken an unexpected turn and dropped to the lowest levels most people have ever seen. Mortgages are usually 15 years or 30 year and the 15 year mortgages usually have the lowest rate. Yes, it is a …

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Nov. 6, 2020

Does Notice of Commencement Mean the Florida Permit is Closed?

Does Notice of Commencement Mean the Florida Permit is Closed?

 

When looking at properties, I spend time researching how old the roof is, looking to see if the home has shutters, and determining the latest comparable sales.

Finding a notice of commencement means the work was preformed on a …

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Posted in Market Updates
Nov. 6, 2020

My Florida Seller Died - Now What Happens?

 

My Florida Seller Died - Now What Happens to the Real Estate?

Death in Real Estate does occur. Lately,  I have run into 2 occasions where the seller of the real estate property is now deceased. Yes, sometimes the unexpected situation occurs. The first perspective relates to a home …

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Posted in Market Updates
July 31, 2017

Curious About Local South Florida Real Estate Market Stats??

Receive the Latest South Florida Local Market Stats

Curious about local real estate? So are we! Every month Susan J Penn Realtor will review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have …

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Posted in Market Updates