SOUTH FLORIDA REAL ESTATE MARKET PRICES ON THE RISE

Florida’s real estate housing market experienced extreme growth in September.  September marked new listings, higher median prices, and fewer all-cash closed sales in September, according to the Florida Realtors.

“According to the National Association of Realtors, the national median sales price for existing single-family homes in August 2016 was $242,200.00, up 5.3 percent form the previous year.  Florida also experienced fewer short sales and few cash only sales, making this  year quite different from years before, where short sales and cash sales seemed to dominate the real estate market.”  Florida Realtors October 25, 2016.

Foreclosures are almost a thing of the past, since Florida is back to the mortgage default rates it was at in 2007, before the mortgage crisis.

Low interest rates, currently at 3.46 for a 30 year fixed mortgage, is also helping with the increased real estate market sales.  Buyers are able to obtain better rates, afford their mortgages, and close within 30 days.

At the Law Offices of Jacqueline A. Salcines, PA, attorney Jacqueline Salcines holds a dual degree in Law and Accounting, is a  realtor and has hosted many seminars and lectures on real estate and real estate law.

We have been representing buyers and seller for over 17 years, in their real estate transactions and providing title services.

Allow our experience to go to work for you

Call us today.   305.669.5280 Or visit us as  http://WWW.SALCINESLAW.COM

See why our business is built on referrals and for over 17 years, clients keep coming back and referring their family and friends.