MikeInBoca Blog

During several recent sales consultations where I speak with potential home sellers, the sellers have expressed a desire to wait for mortgage rates to fall before putting their home on the market.  The idea is that lower interest rates would increase the value of their homes.  Some have been waiting for a while as mortgage rates have held relatively steady.   The mortgage rates have hovered around 7%, which has made housing less affordable and seems to have slowed real estate sales. Many times the question from potential home sellers is what is the ideal mortgage rate that would spur more home buyers seeking to purchase homes.  The idea being that if mortgage rates fell, it should mean owning a home would become more affordable.   Perhaps we have an answer.  A recent article, " Here's Where The Mortgage Rate That Will Push Americans To Buy " cites a National Association of Realtors (NAR) report that states the "projected homebuying sweet spot of 6...

  The migration of people from New York, New Jersey, Connecticut and other northeastern states has slowed up a bit since the 2020 rush to Florida.  However, recent politics, especially in New York City, has the expectation of mass exodus from NY City to Miami and Southeast Florida seem to heat up again.   A recent NY Post article entitled, "Luxury real estate brokers say wealthy New Yorkers are already looking to flee after Zohran Mamdani'sl primary win"  where Realtor Ryan Serhant stated, "my number one job will be moving people from New York to Florida.  Again.  Based on the results, clients are going to hold off on making any kind of investment in New York City." I have helped many people move to the Boca Raton , Delray Beach and Boynton Beach and surrounding areas of Florida. To begin your search for Boca Raton properties and to get an idea of home types such as single-family homes in Boca Raton, condo types in South Florida, 55+ communities in t...

During my many years as a real estate professional in the South Florida (Southeast / Boca Raton) area, I have been involved with many different types of transactions.   In my conversations, distressed properties come up frequently.  I have represented customers selling "short-sale" properties, have helped customers buy both short-sales and foreclosures as well.   The South Florida real estate market, and my main areas in particular (Boca Raton, Delray Beach Boynton Beach), have had a lot of home buyer interest, rising prices and not much in the way of distressed real estate situations during the past few years.  However, there continues to be interested from both real estate investors as well as home buyers who continue to seek foreclosure sales and distressed property situations. The Bankrate.com article entitled, "Bank-owned Properties : What Are They And Where Can I Find Them?" is full of good information about foreclosures.   Homebuyers who ...

  Check out my Youtube Channel - what do you think? www.youtube.com/@mikeinboca561 What would you like to see on the channel? Michael Friedman Realtor eXp Realty 561-247-3550 www.MikeInBoca.com

MLS Listing RX-11045146 Updated 2 bedroom, 2 bathroom with clothes washer & clothes dryer inside the unit. Some updates : partial impact glass windows (not sliding patio door) granite kitchen countertops, double sink, Samsung stainless steel kitchen appliances, crown molding in living/dining, glass enclosed shower, double sink, flooring, etc. Wynmoor community has almost every amenity you might want in this guard-gated community. Included in condo dues : cable tv, common area maintenance, clubhouse amenities, community pool, and more. Turnkey situation possible. One assigned parking spot w/ a lot of guest parking in elevator building. Golf available, not mandatory. Wynmoor is an age-restricted 55+ community near major roads, beach, shopping & restaurants. Screened & covered back patio The Wynmoor community in Coconut Creek, Florida has it all in your community - golf, swimming pools, entertainment, food and beverage.  There is a link below to search for homes in Wynmoor...

New Roof installation started December 2024, unbeatable lake views, centrally located in Boca Raton, gated community, 3 bedrooms, large glass enclosed, covered and screened back porch. To view more information CLICK HERE Michael Friedman Broker-Associate, Realtor eXp Realty Cell : 561-247-3550 https://www.mikeinboca.com/ https://michaelfriedman.exprealty.com/