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  • Palm Beach County Real Estate Blog

    Sunday, July 22, 2018   /   by Carl Gentile

    First Time Home Buyers Continue to Put Down Less than 6%!

    First Time Home Buyers Continue to Put Down Less than 6%
    According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.
    Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers and 54% of all buyers put less than 20% down.
    Ralph McLaughlin, Chief Economist and Founder of Veritas Urbis Economics, recently shed light on why buyer demand has remained strong,


    “The fact that we now have four consecutive quarters where owner households increased while renters households fell is a strong sign households are making the switch from renting to buying.
    Households under 35 – which represent the largest potential pool of new homeowners in the U.S. – have shown some of the lar ...

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      palm beach county, market updates, jupiter florida, palm beach county real estate, first time buyers

    Sunday, July 01, 2018   /   by Carl Gentile

    Next Recession in 2020? What Will Be The Impact?

    Next Recession 2020? What Will Be The Impact?
    Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the current housing market. That report revealed the possible timing of the next recession:

    “Experts largely expect the next recession to begin in 2020.”

    That timing concurs with a recent survey of economists by the Wall Street Journal:

    “The economic expansion that began in mid-2009 and already ranks as the second-longest in American history most likely will end in 2020 as the Federal Reserve raises interest rates to cool off an overheating economy, according to forecasters surveyed.”

    Here is a graph comparing the opini ...

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

    Wednesday, June 27, 2018   /   by Carl Gentile

    What's the Median Home Value in Your State

    If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located.
    In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-state basis using data from the National Association of Realtors.


    Demand often dictates value, even for houses in the same area of the country! High demand for starter and trade-up homes have driven prices up in these categories by nearly 10% over the past year, while those in the premium markets have appreciated at closer to 6%.
    Bottom Line
    If you are debating whether or not to buy and/or sell a home this year, let’s get together to help you figure out exactly what’s going ...

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

    Tuesday, June 26, 2018   /   by Carl Gentile

    Palm Beach County Events || July 2018

    Palm Beach County Events || July 2018
    Looking for something to do this year during the month of July? Then look no further than some of our top events taking place in Palm Beach County for the month of July in 2018. Palm Beach County always has something great taking place for entertainment with your loved ones and family. 

    Fourth on Flagler

    Bring the family and enjoy a supersized celebration in the Palm Beaches with 4th on Flagler, featuring waterfront activities, live music and an Independence Day extravaganza. From fireworks to live music. If you're planning to celebrate America's birthday, you won't want to miss this event of dazzles with fireworks spectacular over the downtown West Palm Beach waterfront. It is going to be bigger than ever this year to celebrate its 30th anniversary. 
    Artigras
    Artigas will once again be held over President's Day Weekend, but you won't have to spend a lot of presidents with its free parking, free shuttle service and free childre ...

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      palm beach county, events

    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

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