Sunday, March 4, 2018 / by Carl Gentile
I believe cancer has affected the lives of every person I know in one way or another. Unfortunately, several close friends of mine have recently lost their battle to cancer and several are in the process of battling this disease. To honor those we have lost, their courageous strength, and determined spirits, I have recently accepted an opportunity to help patients and their families who are currently going through a similar situation by accepting my nomination as Man of the Year by the Leukemia and Lymphoma Society. I am incredibly blessed and honored to have the opportunity to help an organization that is working to find a cure for blood cancers and in turn helping to cure all cancers.
As a nominee for the Leukemia and Lymphoma Society’s Man of the Year, I have set a goal to raise $200,000 by May 17th, 2018 and join the fight to find a cure against blood cancers and in turn ALL cancers. Through this campaign I look to you, my friends, my family, and more to support me in this ...
Friday, March 2, 2018 / by Carl Gentile
Are Home Values Really Over Inflated?
Time and time again we hear "we want to wait until next year when home prices drop" - who said home prices are dropping in the Palm Beach County real estate market? Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report:
“The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of year-over-year gains.”
Seventy-one consecutive months of price increases may have some concerned that current home values may be overinflated.
However, at the same time, Zillow issued a press release which revealed:
“If the housing bubble and bust had not happened, and home values had instead appreciated at a steady pace, the median home value would be higher than its current value.&rdquo ...
Monday, February 26, 2018 / by Carl Gentile
The Beauty of Jupiter Florida
Jupiter, Florida is home to some of the most magnificient and beautiful beaches of the United States. Crystal blue waters, gorgeous clear skies, and beautiful weather is the perfect formula to what we call "living in paradise." Not only will you find beautiful weather, beaches and people, but Jupiter Florida is loaded with great sights to see and activities to keep even the most active people busy. No wonder many of the rich and famous such as Michael Jordan, Tiger Woods, and more call this home.
Not quite sold on Jupiter and the Palm Beaches? Well we compiled a list of all the greatest and best of Jupiter and the Palm Beaches for you. Enjoy the videos below and we will be seeing you soon!
Thinking about moving to Juptier and the Palm Beaches? It is important to work with industry experts and local pros such as Carl Gentile & Associates to help point you in the right direction to reach your real estate goals.
Sunday, February 25, 2018 / by Carl Gentile
Which Comes First... Marriage or Mortgage?
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.
But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 16% of all first-time buyers last year.
If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2017, while single men accounted for 7% of buyers. A recent report pointed to a sense of responsibility and commitment that drives many single women to want to own their own homes rather than rent someone else’s.
Here is the breakdown of all first-time homebuyers in 2017 by percenta ...
Thursday, February 22, 2018 / by Carl Gentile
Mortgage Rates on FIRE! Home Prices Up In Smoke?
Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year.
What impact will rising rates have on house values?
Many quickly jump to the conclusion that an increase in mortgage rates will have a detrimental impact on real estate prices as fewer buyers will be able to qualify for a loan. This seems logical; if there is less demand for housing then prices will drop.
However, in a good economy, rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate.
Let’s look at home prices the last four times mortgage rates increased dramatically.
In each case, home prices APPRECIATED and did not depreciate. No one is projecting as dramatic an increase in rates as the examples above. Most are projecting an increase of approximately 1% ...