Tuesday, April 16, 2019 / by Carl Gentile
Luxury Real Estate Market Update
The Palm Beaches - April 2019
March results are in and 2019 is off to a strong start. The number of sold properties has almost doubled since February along with the median sales price! Mortgage rates have settled from a shaky start in 2019 and are at industry low levels once again! Cheap money makes buying your dream home much more realistic! Although a drop in active inventory once again plays a factor in rising prices, as the simple premise of supply and demand comes into play for a third time over the past 12 months in price hikes.
As Florida continues to rise in popularity as a tax shelter and safe haven for individuals coming from high tax states, we continue to see on average close to 1,000 people per day moving to the Sunshine State! Buyers are feeling strong again, but the lack of quality inventory has caused a lengthy increase in days on market for the average property as overzealous sellers take time to come to sense on their pro ...
Wednesday, March 20, 2019 / by Carl Gentile
Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth.
Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases, you alsogain home equity.
Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists. They are asked to project how residential home prices will appreciate over the next five years for their Home Price Expectation Survey (HPES).
The latest data from their Q1 2019 Survey revealed th ...
Sunday, March 17, 2019 / by Carl Gentile
Wednesday, February 20, 2019 / by Carl Gentile
Homebuyers have always loved move-in ready homes. But now, as tech-savvy millennials enter the market, more buyers are adding smart home features to their turnkey checklist. S&P estimates that by 2020, more than 25% of all homes will be smart homes. And as high-tech habitats grow increasingly attractive to homebuyers, many will be willing to pay more for pre-installed smart tech. Appraisers are even beginning to place increased value on homes with smart features.
But what smart home technology features are homebuyers willing to pay the most for? Typically, devices that provide greater safety, security, efficiency, or cost savings add more value than novelty gadgets.
Keep reading for six smart home devices that homebuyers might be willing to pay more for.
1. Smart Door Locks
Smart door locks allow users to unlock doors from a phone, create special passcodes for guests, receive alerts when someone locks or unlocks a door, and lock doors automatically.
Besides being con ...
Monday, February 18, 2019 / by Carl Gentile
Northern Palm Beach County Map
Public Schools, Private School, Dining, Hospitals and more!
Thinking about making the right move and moving to northern Palm Beach County, but aren't 100% familiar with the area and where you want to be positoined within the community. Well we have you covered! This map was designed to help outline the following in northern Palm Beach County: public schools, private schools, shopping/dining, hospitals and more!
Happy House Hunting from all of us at the Gentile Team!