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  • Homeowners | Palm Beach County Real Estate Blog

    Wednesday, February 20, 2019   /   by Carl Gentile

    6 Smart Home Gadgets That Buyers Will Pay More For

    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 ...

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      real estate, homeowners, top real estate selling tips, home tech

    Monday, June 25, 2018   /   by Carl Gentile

    You DO NOT Need 20% Down to Buy Your Home NOW

    You DO NOT Need 20% Down to Buy Your Home NOW
    The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.
    This brings us to two major misconceptions that we want to address today.
    1. Down Payment
    A recent survey by Laurel Road, the National Online Lender and FDIC-Insured Bank, revealed that consumers overestimate the down payment funds needed to qualify for a home loan.
    According to the survey, 53% of Americans who plan to buy or have already bought a home admit to their concerns about their ability to afford a home in the current market. In addition, 46% are currently unfamiliar with alter ...

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      palm beach county, market updates, jupiter florida, palm beach county real estate, real estate, homeowners, mortgage

    Thursday, June 21, 2018   /   by Carl Gentile

    Homes Are More Affordable in 44 Out of 50 States

    Homes Are More Affordable in 44 out of 50 States
    With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are in much better shape than most believe.
    In Black Knight’s latest monthly Mortgage Monitor, they revealed that in the vast majority of the country, it is actually more affordable to purchase a home today than it was between 1995 to 2003 when looking at mortgage payments (determined by price and interest rate) as compared to incomes. Home prices are up compared to 1995-2003, but mortgage rates are still much lower now than at that time. Today, they stand at about 4.5%. Here are the average mortgage rates for each of the years mentioned:

    1995 – 7.93%
    1996 – 7.81%
    1997 – 7.6% ...

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      palm beach county, market updates, jupiter florida, palm beach county real estate, real estate, homeowners

    Wednesday, June 20, 2018   /   by Carl Gentile

    3 Issues Facing Today's Real Estate Market

    3 Issues Facing Today's Real Estate Market
    Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners. 
    The Counselors of Real Estate (CRE) “is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as recognized leaders of government and academia.” 
    Their annual “top 10” list spans any and all issues that could have an impact on the real estate market. This year, the list was broken up into “Current” and “Long-Term Issues.”
    Today we&rsqu ...

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      palm beach county, market updates, jupiter florida, palm beach county real estate, real estate, homeowners, carl gentile

    Thursday, June 14, 2018   /   by Carl Gentile

    Are Lending Standards Too Loose... or Too Tight

    Are Lending Standards Too Loose... Or Too Tight
    With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit.
    In a study done at the University of North Carolina immediately after the crisis, it was revealed that:



    “Lenders began originating large numbers of high risk mortgages from around 2004 to 2007, and loans from those vintage years exhibited higher default rates than loans made either before or after.”

    A study by John V Duca, John Muellbauer, and Anthony Murphy concluded that those risky mortgages caused the housing crisis:



    “Our findings indicate that swings in credit standards played a major, if not the major, role in driving the recent boom and bust in US house prices.”

    How do today’s mortgage standards compare t ...

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      palm beach county, market updates, jupiter florida, palm beach county real estate, real estate, homeowners, mortgage