Real Estate Trends

Real Estate

Florida....Just Makes Sense...

In many large cities, home prices have outpaced income at an incredible rate. In Miami, for example, incomes have risen 16 percent, while home prices have increased 58 percent since early 1998. Boston home prices have gone up 89 percent, while incomes have increased only 22 percent.

Even with a downturn in the real estate market looming on the horizon, home sales are still headed for another record year.

The first sector to show slowing is the high-end home market. Because of big-ticket properties, house auctions nationwide have surged.

Low-interest rates are the only continuing positive trend of the housing market. Low rates average now less than 6 percent for 30-year fixed-rate loans, the lowest since the 1960s.

Florida has one of the Lowest Tax Burdens in the Country
No State Income Tax
Homestead Exemptions up to $50,000
Property Taxes (from 1.25-2%)
No Estate Tax
No Intangible Tax
Helpful link: www.stateofflorida.com/taxes.aspx

As a Realtor and an Expert in Residential Real Estate, I can help you find the right community and get the most out of the transaction to maximize your incentives. I will present you and stay by your side through the entire process and help you to understand everything.

Call your Realtor 206-250-4003

Coldwell Banker Delray Beach Office