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Chaos in the South Florida Real Estate Market
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Chaos in the South Florida Real Estate Market

Chaos in South Florida Real Estate 

It is a Sellers Market in  the South Florida  Real Estate  area with Buyers facing inflated home values and a lack of realistically priced inventory. Our historically low interest rates may jump substantially over the next year leaving many buyers unable to qualify for loans they can afford in cities such as: Boca Raton, Boynton Beach, Delray Beach, Wellington, Parkland, West Palm Beach, and Fort Lauderdale.

Let’s not forget the “Trump Effect” which adds uncertainty in many areas of the real estate market  in both  the construction and the lending sectors. The impact of immigration reform may add additional challenges to the housing sector which are difficult to assess at this point in time. In addition to the potential impact of fewer buyers from outside the U.S., the pricing of new construction may rise as builders have to pay more for labor  as they build new homes. 

For those on the fence about buying now or waiting until the sellers markets turns around the choices are difficult.  Historic low rates have brought many buyers into the market which has  raised the  price of  an existing home in Palm Beach county to $316,000 which is 41% higher than in 2012.

The South Florida for Me team believes the best solution for today is to buy new construction. We are working with many builders who are offering special deals to our clients to close out the year. Please take a look on our homepage www.southfloridaforme.com to see  the new construction on homes and condos in the South Florida Real Estate market. 

Our financing partner United Funding has many innovative financing tools available can help you qualify for many types of mortgages. These range from conventional, FHA, V.A., Reverse Mortgages, etc.. Some of these programs require No Down Payment, or other options to best suit your requirements.

Please contact us with any questions you may have on the best way for you to handle the Chaos in the South Florida Real Estate marketplace.

 

 

 

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Listings
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FOR SALE

3 Bed

3.5 Bath

2,337SqFt

155 E Boca Raton Road,
Boca Raton, FL 33432

$1,250,000

MLS® #RX-10246476 MLS® # RX-10246476 (Active)
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FOR SALE

4 Bed

5.0 Bath

5,820SqFt

17199 Shaddock Ln,
Boca Raton, FL 33487

$1,250,000

MLS® #A10116617 MLS® # A10116617 (Active)
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FOR SALE

5 Bed

6.5 Bath

6,276SqFt

16951 Pavilion Way,
Delray Beach, FL 33446

$1,199,000

MLS® #RX-10301319 MLS® # RX-10301319 (Active)
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FOR SALE

5 Bed

4.5 Bath

4,800SqFt

10443 Emerson St,
Parkland, FL 33076

$1,199,000

MLS® #A10200437 MLS® # A10200437 (Active)
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FOR SALE

5 Bed

6.5 Bath

6,276SqFt

9831 Vitrail Lane,
Delray Beach, FL 33446

$1,126,900

MLS® #RX-10287621 MLS® # RX-10287621 (Active)

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Edward Sklar M.S.

Business Broker/REALTOR

United Realty Group-South Florida for Me Team

5550 Glades Road
Boca Raton   FL 33431

561-504-9291

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