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Just sold! 3 Bedroom Pool Home in Pompano Beach, FL 33064

Sold Price $355,000

It has been quite a while since I have had the pleasure to personally work with a homebuyer. As many of you already know, on Thanksgiving 2018 I had a sudden brain bleed caused by a ruptured artery in my cerebellum. Ultimately, I needed brain surgery to repair things and then started a long road to recovery, including relearning how to walk and use my dominant hand. During this time, I was very fortunate in many ways. I was lucky to survive and lucky to have a top-notch surgeon located in Miami who fixed me up. I had great customers who stuck by me and great business partners who were able to help my clients in my absence. Well, I am finally back to being able to work…
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Newly 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 October.  Read on to learn more about the real estate market in South Palm Beach County:

Buyer activity in October up

October continued to be busier than the calendar normally suggests. Buyer activity remains higher than normal for this time of year, while in many segments of the market housing supply remains much lower than one year ago. Multiple offers remain a common occurrence in many areas, keeping housing hot while the temperatures continue to fall.

New Listings decreased 5.8 percent for Single Family homes and 3.5 percent for Townhouse/Condo homes. Pending Sales…

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august 2020 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 August. Read on to learn more about the real estate market in South Palm Beach County:

Homes Sales are Higher, Tight Inventory Remains a Hurdle

The housing rebound continued In August. Showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. New Listings increased 13.0 percent for Single Family homes and 22.0 percent for Townhouse/Condo homes. Pending Sales increased 17.9 percent for Single Family homes and 3.6 percent for Townhouse/Condo homes. Inventory of existing…

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July 2020Newly 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 March. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators

Healthy buyer demand and constrained supply continue to be the story for much of the country. Nationally, showing activity in July remained substantially higher than a year before and multiple offer situations are a frequent experience in many markets. With the inventory of homes for sale still constrained, a competitive market for buyers shows little sign of waning.

While the number of unemployment insurance weekly initial claims have been far lower in recent weeks than their peak…

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Newly 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 March. Read on to learn more about the real estate market in South Palm Beach County:

Economic Indicators and COVID

As COVID-19’s impact spread across the country in March, the stock market declines which started in February accelerated downward before recovering a bit in the last week of the month. With volatility across all the financial markets, lenders began tightening underwriting standards and some buyers found they no longer were approved for a loan. Massive layoffs also shook the economy with 6.6 million initial jobless claims filed in a single week—double the number last week and…

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Trying to eat healthy while quarantining? Want a delicious box of fresh farm to table produce from the best growers around for $10? Our local farmers have had to adjust during the peak of Florida’s growing season. Typically only selling wholesale to the food service/hospitality industry, many growers are offering fresh picked boxes for the public. Some of our favorites are:

Mobile Green Markets 

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Good morning, veggie lovers! We are open from 9am to 5pm today. Pop your trunks for some delicious farm fresh veggies and sweet corn. We are offering our $10 veggie boxes as well as 10 ears of sweet corn for $5! YUM. Cash only, please!

A post shared by Mobile Green Markets (@mobilegreen_markets)…

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East Boca Raton is booming. It is at once an international destination served by three airports including the private executive Boca Raton Airport, home to the world-class Boca Raton Resort and Club and the upcoming Mandarin Oriental Hotel.  It is also a pleasant drive to Delray Beach’s Atlantic Ave, Palm Beach’s Worth Ave. and Fort Lauderdale’s Los Olas Blvd.

The Mizner Park neighborhood in East Boca Raton aka the Golden Triangle is one of the most sought after and hottest places to buy or build a home.

In the heart of this coveted neighborhood, is 2nd street, one of the finest residential streets, a few minutes walk to the pedestrian walkways, interactive water features, and dockage of Silver and Wildflower Park on the Intracoastal, plus the…

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It’s not business as usual

Throughout Florida, the US, and the world for that matter, the coronavirus pandemic has upended everything for everyone. Real estate is considered an essential service in Florida, as people need housing during this critical time, and Realtors are permitted to practice our profession while following CDC distancing guidelines. That does not mean that it’s business as usual. In our office as well as our local market, business has slowed dramatically. The office is closed, we are all working from home, and we are not meeting in person with our clients. We are encountering difficulties in keeping many of our pending transactions together as many Condo buildings and Homeowners associations are refusing to allow appraisers or…

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On April 1, 2020 Florida Governor Ron DeSantis issued  Executive Order Number 20-91, deeming both residential and commercial real estate essential in Florida. We continue to practice real estate in accordance with CDC guidelines for social distances. With the technology able today we are able to provide essential services through virtual practices. Our office continues to have showings and to list properties, albeit virtually. 

Here is the latest Boca Raton real estate market activity for the week of March 30 - April 5, 2020:

Weekly Activity over $1,000,000

These numbers represent residential listings in Boca Raton, Delray Beach, and Highland Beach with a list price of $1,000,000 or more. Closings are still happening, but those mostly reflect…

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This is a guest post written by Mike Krumholz of Fairway Mortgage:Mike Krumholz

I wanted to give you an update on where things are in the Mortgage World to date.  Our market is currently very fluid, so we are getting updates all the time.  These changes are not unique just to Fairway – this of course is industry wide.   

Summary of how servicers impact the mortgage business and what is causing them to pause

To be very transparent the mortgage business is in a tough place currently.  It’s not because of lack of business… it truly is because of a bottleneck that is forming at the servicer level.  The problem arose from the fastest ever economic adjustment the world has ever seen.  Here is a high level explanation of how the process works:

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