Henri Frank Group RE/MAX Preferred – Ft Lauderdale Realtors
written by Frank Vigliotti, Realtor, CDPE, Blogger, PA
Selling your home in Fort Lauderdale, condominium in Wilton Manors, villa in Plantation or townhome in Hillsboro Shores, contact the Henri Frank Group at REMAX Preferred.
Get more information about the Henri Frank Group and why sell your home with this Fort Lauderdale – Wilton Manors – Miami Beach Realtor group.
Financial experts indicate that the narrowing inventory of homes for sale has assisting in increasing home prices but may come to a halt in 2013. This increase in home prices is projected to convince more citizens to put their homes on the market, influence developers to construct more homes, which would essentially increase the amount of inventory in the housing market.
National home prices have decreased over 30% since the surge in 2006 over the recent years. An economist from the Capital Economics firm shares that many homeowners were are selling because they need to. A study from CoreLogic indicated that home prices in October of 2012 increased 6.3% when compared to October of 2011. This report also included expectations of more price increases throughout 2013.
Many financial experts believe that inventory in the housing market is approaching a low point but is projected to make a turnaround in 2013. Some believe that this depletion of inventory will help to regulate home prices but others like the Capital Economics firm expect home prices to increase as much as 5% in 2013. Zillow recently conducted a survey with economists which uncovered that they expected a 3.1% increase. The housing market in the U.S. has shown consistent indications of recovery and based on information recently released from the National Association of Realtors, existing home sales reached the highest they’ve been in 3 years.
The accumulative amount of existing home sales grew 5.9% in November of 2012 which represented a seasonally adjusted annual rate of 5.04 million. The report from the National Association of Realtors also shared that the seasonally adjusted annual rate rose 14.5% over the last 12 months. An economist from the IHS Global Insight firm by the name of Patrick Newport believes that the most significant aspect of the monthly report pertained mostly with the amount of homes on the market for sale.
According to the National Association of Realtors, the housing market inventory has decreased to the lowest its been in over 7 years, based on the current rate of home sales. The housing supply declined to 4.8 months in November of 2012 which is a 38% decline since January of 2011. Many realtors recognize the six-month inventory supply as a proportional market between sellers and buyers.
Patrick Newport of IHS Global Insight indicated that more sellers will be introduced to the market due to the large amount of potential buyers who’ve been waiting for homes. Phoenix is considered as the leader in the U.S. in home prices year-over-year and has experienced a drastic 25% increase. The number of active home listings in Phoenix dropped to record lows in June of 2012 and made a complete turnaround by showing consistent increases from June until December. A real estate professional at Arizona State University shared that this recent pattern for Phoenix is the typical seasonal push but more average sellers are taking advantage of rising home prices.
Fannie Mae recently released their November National Housing Survey which stated that the amount of individuals who believe that its currently an ideal time to sell has increased 5 percentage points to 23% for the month of November of 2012. This percentage is the highest level seen since the establishment of the study in June of 2010. A recent survey released from Trulia.com showed that 22% of existing homeowners indcated that they either have intentions or are on the fence about seling their homes some time in 2013.
An economist from Trulia.com by the name of Jed Koiko shared homeowners that are most likely to sell are consumers who purchased a home after 2009 and are looking to take advantage of the rising home prices. The inventory of homes for sale on the market has been depleting which essentially increases the final sale price.
With office locations throughout Broward County Florida, the Henri Frank Group at REMAX Preferred are located in Wilton Manors, Plantation, Hillsboro Shores and Fort Lauderdale. The Group of Realtors serves all of South Florida.
Henri Frank Group brokered by Remax Preferred services the following cities in Broward County,
Fort Lauderdale, Lauderdale Lakes, Oakland Park, Wilton Manors, Tamarac, Lauderhill, Plantation, North Lauderdale, Lauderdale Isles, Weston, Cooper City, Southwest Ranches, Pembroke Pines, Pompano Beach, Coral Springs, Coconut Creek, Margate, Parkland, Lighthouse Point, Hollywood, Margate, Hillsboro Beach, Hillsboro Shores, Davie, Lauderdale Isles, Sunrise, Dania Beach, North Lauderdale, Pembroke Park, Lauderdale-by-the-Sea, Mirimar, Pembroke Park, Pembroke Park, Pembroke Lakes, West Hollywood, West Park, Cooper City, Deerfield, Deerfield Beach
Henri Frank Group brokered by Remax Preferred services the following cities in Palm Beach County,
Boca Raton, West Palm Beach, Lake Park, Singer Island, Palm Springs, Mangonia Park, Riviera Beach, Juno Beach, Haverhill, North Palm Beach, Riviera Beach, Royal Palm Beach, Palm Beach Gardens, Green Acres, Wellington, Royal Palm Beach, Green Acres, Haverhill, Boca Raton, Briny Breezes, Ocean Ridge, Boynton Beach, Coral Point, Delray Beach, Lake Worth
Henri Frank Group brokered by Remax Preferred services the following cities in Miami-Dade County,
Miami, Doral, Coconut Grove, Coral Gables, Miami Shores, El Portal, Fisher Island, Venetian Islands, Miami Beach, Sunset Island, Normandy Isle, Normandy, North Bay Village, South Miami, West Miami, Sweetwater, Key Biscayne, Bal Harbour, Indian Creek Village, Surfside, Bay Harbour Island, Pinecrest, Kendall, Gables by the Sea, Cutler Bay, Palmetto Bay, Perrine, Village of Palmetto Bay, South Miami Heights, Aventura, Golden Beach, Sunny Isles, Sunny Isles Beach, Biscayne Park, Uleta, North Miami Beach.
Contact the HENRI FRANK GROUP at REMAX Preferred if you are interested in buying a home in South Florida. We service all of the area with specialties in Single Family Homes, Multi-family Homes and Condominiums in Wilton Manors, Single Family Homes in Oakland Park, Townhomes in Fort Lauderdale and Villas in the area. We are also located in Hillsboro Shores and Plantation, Florida to best serve our buyers of homes and sellers of their properties.
Go to our website for more information: http://henrifrank.com/mortgages.php
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Information taken from the FLorida Association of Realtors, December 2012 issue.