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What Is The Ideal Mortgage Rate Home Sellers Need For Home Sales To Pick Up?

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...
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Tri-State County and New Yorkers Thinking of Moving To South East Florida?

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  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...
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Location: New York, NY, USA
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Foreclosures : Bankrate.com Article Explains About REO Real Estate Owned / Bank-Owned Properties - Michael Friedman, Broker-Associate, Realtor eXp Realty "Mike In Boca .com"

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 ...
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Location: Delray Beach, FL, USA
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Youtube Channel www.youtube.com/@mikeinboca561 to learn more about Boca Raton Real Estate

  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
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Location: Boca Raton, FL, USA
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Wynmoor 2004 Granada Drive J3, Coconut Creek, FL 33066 RX-11045146 Home For Sale

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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...
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Location: Coconut Creek, FL, USA
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Boca Lago Boca Raton Spectacular Lake Views From Every Living Area; Large 3 Bedrooms; Golf and Tennis Country Club Not Mandatory, Optional Pines Boca Lago

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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/
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Location: 8665 Juego Way, Boca Raton, FL 33433, USA
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Home Prices in Mission Bay Boca Raton Community Increase Almost 28% on YOY Basis in January 2023 Michael Friedman Broker-Associate eXp Realty

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I am a full-time real estate professional who focuses on the Mission Bay community in West Boca Raton, Florida.   My primary areas of focus is on Boca Raton, Delray Beach and Boynton Beach; however, I have worked with customers to the north up to Port St. Lucie, Florida and further south into Broward County and Dade County as well. I estimate the median home value in Mission Bay increased almost 30% on a trailing twelve month basis in January 2023 over January 2022.   Mission Bay homes were selling quickly at an estimated median time of 20 days at the beginning of the year 2023..  The median home sold in the Boca Raton community of Mission Bay was $645,000 by my estimate on a trailing twelve month basis in January 2023.   Home sales in Mission Bay Boca Raton for the month of January 2023 as per the MLS was as follows: 10482 Mateo  Court RX-10850192 Reflections  10393 Lake Vista Circle RX-10851259 Reflections  10860 La Salinas Circle...
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