FLORIDA REAL ESTATE: RENTING vs OWNING YOUR HOME
The apartment market in the United States has shown constant improvement for the last 6 quarters based on this quarter’s survey from the National Multi Housing Council. This improvement has been noticed in all indexes which are Sales Volume, Market Tightness, Debt Financing and Equity Financing.
All four of the survey’s indexes have shown improvement since last quarter and the market continues to consistently thrive. Economists state that even though the amount of new construction has increased, the demand for apartment homes still outweighs the supply and has shown no signs of declining. Apartment hunters may have noticed that although the demand for apartment homes continues to increase, the construction expenses and development are still hindered.
The studies from the July 2012 Quarterly Survey of Apartment Market Conditions is based on the conditions from over 80 CEOs and other execs that are affiliated with companies related to apartment homes.
Below are some of the crucial elements discovered from this survey.
This survey unveils that financing has been held exclusively to top markets and a measly 16% of those surveyed believe that acquisition capital has been fairly distributed to all markets. 10% of those surveyed believe that aquisition capital is accessible for all markets at all times. 52% believe that construction capital and 65% of those surveyed stated that acquisition financing have only been made accessible for the top markets.
All throughout the South Florida region of the USA, developers are working on projects to expand our rental market and increase the number of units for renters. It is our belief at the Henri Frank Group at REMAX Preferred that this is a time for renters to explore their options to becoming a homeowner. With low interest rates and mortgages that require less down payments, this opens the doors of opportunity. But for those who are renters who want to be homeowners, they must meet with a mortgage broker and a realtor. Sort out the options, get prequalified and carefully examine whether this is the time for them to become homeowners.
The Henri Frank Group at Remax Preferred is located at 2810 E Oakland Park Boulevard, Fort Lauderdale, Florida. Also, satellite offices at 2166 Wilton Drive in Wilton Manors, Florida and 2 University Drive in Plantation, Florida and on Ocean Drive at the Hillsboro Inlet to the Hillsboro Mile in Hillsboro Shores, Florida. Call 954-604-9999 or go to their website at http://henrifrank.com or find the Henri Frank Group on FACEBOOK, Twitter, Pinterest and other social media.
Call us today for a FREE Consultation with Mortgage Originator, Lynn Whitefall of Gold Star Financial here in Fort Lauderdale, Broward County area. You’ll be glad you did. Click this link to get more information about Lynn Whitefall.