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All Blog Entries by Gloria Singer

Found 431 blog entries published by Gloria Singer.

Jan 2020 market statsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for January 2020. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators

For 2020, The National Association of REALTORS® Chief Economist Lawrence Yun sees good news for home prices. “National median home price growth is in no danger of falling due to inventory shortages and will rise by 4%,” the long-term NAR economist predicts. He is also expecting the new-home construction market sales to increase 10%. Yun and others would like to see home builders bring more affordable units to market to help ease shortages and slow price gains in that segment.

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December 2019 Market StatisticsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for December 2019. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators 

In 2019 home prices were up again in most markets. Buyer demand continues to be strong but with tepid seller activity still in many locations, total sales are lower than they would normally be in a more balanced market. While up from their recent lows a few months ago, mortgage rates end the year close to three-quarters of a percent lower than a year ago, helping to improve affordability and offset rising home prices.

Local Market Overview

New Listings decreased 16.0

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Welcome home to this move-in ready 2 Bedroom, 2 Bath condo on the 7th floor of Palmetto Place in downtown Boca Raton. 

Under $500,000! No need to look further! Centrally located in the middle of downtown Boca Raton, close to Mizner Park, Royal Palm Place, restaurants, shops and the beach. Balcony overlooking pool and gardens. Palmetto Place is a full-service concierge building with abundant amenities including a resort style pool, valet parking, fitness center, clubhouse and more. Small pets welcome, and you can lease it right away, so it's a great investment. 

Listed by Gloria Singer for Boca Expert Realty. Please contact Gloria for current pricing + availability. 

Address: 99 SE Mizner Blvd, Apt #734, Boca Raton, FL 33432
Price: $499,000

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October 2019 Market StatsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for October 2019. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators

In October, mortgage rates increased slightly from the three-year lows seen in September. While the Federal Reserve reduced the federal-funds target rate by .25%, this decline was widely expected and largely factored into mortgage rates already, which are still approximately 1% lower than this time last year. Fannie Mae is predicting that continued low rates, and possibly lower rates are expected in 2020.

Local Market Overview

As in previous months, the year over year

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sept 2019 market statsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for September 2019. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators

Although mortgage rates remain low, and the economy is strong, we are still hampered by low inventories and fewer home sales. In Washington there are discussions around a broad overhaul of the housing finance system, including the re-privatization of Fannie Mae and Freddie Mac and reforms to federal agencies involved with financing substantial portions of the mortgages made every year. Many of these policy conversations and eventual changes will take months or years to be

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August 2019 Market StatsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for August 2019. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators

As the summer draws to a close, multiple opposing factors and trends are competing to define the direction of the real estate market. After the Federal Reserve lowered its benchmark interest rate on July 31, 30-year mortgage rates continued to decline, approaching all-time lows last seen in 2016. [UPDATE: On September 18, 2019, the Fed cut rates another ¼% for a target range for the Federal Funds Rate of 1.75-2.00%]. In spite of these rate cuts, most experts agree that the

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July 2019 Market StatisticsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for July. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators

In July, the U.S. economic expansion that began in June 2009 became the longest in the nation's history, marking 121 straight months of gross domestic product growth and surpassing the 120-month expansion from 1991 to 2001. The average rate of growth during this expansion has been a milder 2.3 percent per year compared to 3.6 percent during the 1990s. Many economists are predicting a mild recession as some indicators (inverted bond yield, etc) are pointing in that direction.

During the

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We are proud to announce that Boca Expert Realty has been selected as the exclusive representative for Leverage Global Partners in Boca Raton and the surrounding areas in Palm Beach County, Florida. Boca Expert was chosen based on our reputation and success in the local market, and consistency in providing exceptional service to our clients. Leverage Global Partners is an international community of independent brokerage firms who align under shared standards of care, market expertise and service. The member brokerage firms who have been chosen to join Leverage have been vetted and trusted with the exclusivity of being the Network’s sole representative of their markets. This partnership aligns the most prestigious independent luxury real estate

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June 2019 Market StatisticsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for the month of June. Read on to learn more about the real estate market in South Palm Beach County:

Interest Rates

As was widely expected, the Federal Reserve did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent – during their June meeting. Although the economy is still performing well due to factors such as low unemployment and solid retail sales, uncertainty remains regarding trade tensions, slowed manufacturing and meek business investments. According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.80% in June

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may 2019 market statsNewly released market statistics from Florida Realtors® are in, showing recent real estate market activity in our area. The reports compare year over year data for the month of May. Read on to learn more about the real estate market in South Palm Beach County:

Single Family Market Overview

The number of closed sales of single-family homes did increase 7.3% year over year for the month of May, however, on a year-to-date basis, we are down 6.2%. Median and Average sales prices have remained relatively flat, while the inventory numbers have continued their decline. We now have 5.1 months of Single-Family homes, but be cautioned that this number is an average, and depending upon the sub-market and the price point, could vary widely.

Townhouse/Condo

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