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Mortgage Rates are Still at Record Lows

by Teri Arbogast
If you own one of the Davie homes for sale, you’re probably feeling good that prices are inching up and sales prices are staying close to asking prices. If you would like to buy a home in Davie or elsewhere in Broward County, you should also be feeling good because mortgage rates keep hitting all-time lows in 2020. Mortgage Rates Dropped Early in 2019 The COVID-19 pandemic hurt a lot of people and businesses, but it also had a big impact on interest rates. If you look at this chart, you’ll see that according to Freddie Mac, interest rates started... Read More

Broward County Real Estate Stats July 2020

by Teri Arbogast
If you liked the Broward County real estate stats in June 2020, you’ll be even happier with what happened in July. The real estate indicators in July 2020 even beat what was happening in the market a year ago. The number of CLOSED SALES in July 2020 was 1,646, an increase of .7% from last year at this time, and up from 1,313 in June 2020. The MEDIAN SALES PRICE increased. In July 2020, it was $400,000, which is a 5.3% increase over July last year, and up from last month, when the median sales price was $390,000. The AVERAGE... Read More

Broward County Real Estate Stats June 2020

by Teri Arbogast
The June 2020 numbers are in, and it’s good news!   We Broward County Realtors have been working steadily, even during the COVID-19 pandemic, and many real estate indicators in June 2020 were better than Broward County real estate stats in May 2020. The number of CLOSED SALES in June 2020 were 1,313. While that is down about 10% from last year, it’s up from the 814 sales in May 2020. And, we’ve moved from a 51% decrease between May 2019 and May 2020, to just a 10% drop in June for the same years. The MEDIAN SALES PRICE has... Read More

Test Your Knowledge About How Mortgages Work!

by Teri Arbogast
Probably everyone knows something about how mortgages work. But, if you’re going to buy a home, you need to know more than “something.” It doesn’t’ matter if you’re a seasoned or first-time home buyer, the more you know about the terminology and the way mortgages function, the better off you’ll be. Test your knowledge here. You’ll probably learn something new. What should you do before you start looking at houses for sale? Get pre-approved for a mortgage loan. Your real estate agent can guide you to a proven lender depending on your financial situation. For example, if you’re just graduating... Read More