It’s all about the appliances baby! They say that beauty is in the eye of the beholder but whats does that mean when it comes to your kitchen, laundry rooms and household appliances?
Great article on Single Women in the real estate market! One thing I warn my buyers about is third parties like well-meaning friends or family members who might also have a little envy issues that you are able to buy your first home or condo. It may skew the feedback you get from them. Just food for thought. If you want a fabulous buying experience, connect with us via text, email or through our website at The Bellisari Real Estate Group!
DAILY REAL ESTATE NEWS | WEDNESDAY, MARCH 02, 2016
Since the early 1990s, single women have outnumbered their male counterparts, snatching up real estate at nearly double the rate, according to the National Association of REALTORS®. But this year they’re on a roll, and experts don’t expect that to stop anytime soon.
Single women accounted for 15 percent of all home buyers—the second largest segment of home buyers behind married couples, according to NAR’s 2015 Profile of Home Buyers and Sellers. Many experts predict their numbers will continue this increase in coming years, particularly as their average incomes have significantly risen over the last few years.
The median age of single female home buyers is 50, according to NAR. The majority are drawn to single-family homes with three bedrooms and two bathrooms. Location matters, too. “They often want to buy to be close to friends or family,” says Jessica Lautz, NAR’s managing director of survey research and communications.
Mary MacDiarmid, a broker with @properties in Chicago, told The Chicago Tribune she’s worked with several single women purchasing condos. She says about a decade ago, this type of clientele routinely brought their parents to showings. Now, she says they do it on their own: “They’re not looking for someone else’s approval.”
Source: “2016 Home Buying: All About the Single Ladies?” The Kansas City Star (Feb. 19, 2016) and “Single Women Are Big Homebuyers in Chicago,” Chicago Tribune (Feb. 28, 2016)
Check out what women in the Boca area are up to HERE
The South Florida Real Estate Market is still a seller’s market with lower inventory then we like to see. But sales are brisk with multiple offers coming in on properties that are priced properly.
According to the Miami Herald, real estate insiders expect 2016 to be a strong year for South Florida despite slowing sales and price gains in the condo market, according to a survey conducted by Berger Singerman.
The law firm polled about 100 top developers, Realtors, investors, lenders, and contractors
for their take on the new year.
“The overall consensus is that things are going to continue in a similar direction,”
said Jeffrey Margolis, a partner at the firm. “2016’s going to look a lot like 2015.
So while everyone is asking, ‘Are we in a bubble? Is it all going to come crashing
down?’, the smart money says that’s not the case.”
About 42 percent of respondents said 2016 will be “somewhat better” than 2015. About
37 percent said there would be “no change” in the market next year. Only 13 said
they expect a “somewhat worse” year.
The reason growth won’t pick up much? Struggling economies in Latin America and
Europe are holding back the foreign investment that has fueled South Florida real
estate since the recession, particularly the new condo market, an important local
economic driver. (Single-family homes are still selling at a record pace because
of tight inventory.)
More than 60 percent of respondents pegged “global economic conditions and uncertainty”
as their top reason for a lack of confidence in the market.
The poll also revealed that developers plan to build more than just condo towers.
While 26 percent of respondents said condo development will produce the highest
returns in 2016, the hotel and hospitality (21 percent) and retail (20 percent)
sectors weren’t far behind.
That’s a change from previous years, said Berger Singerman partner Marc Shuster.
“We’re definitely seeing more diversity in the market,” Shuster said. “Following
the multi-family rebound, people have a feeling that these other areas are going
to take off too.”
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