What's New on IsabellaScott.com and the South Florida Area Real Estate Market and Lifestyles May 2021 | South Florida Waterfront Homes and Condos

What’s New in South Florida and the Treasure Coast Markets

Luxury Homes and Lifestyles – May 2021

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Highlights:

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2021 New Conforming Loan Limits Increase to $548,250
Happy Mother’s Day May 9, 2021 – A Mother’s Day Story about Important Lessons Learned from Mom, plus 40 Ways to Make a House a Happy Home
Patience Is Key to Buying a Home in 2021 – The Current Ultimate Seller’s Market is Due to a Shortage of New Construction Which Would Help Inventory Levels
This Housing Market is Nothing Like Last Time – 6 Visuals That Show the Dramatic Differences
Latest Jobs Report: What Does It Mean for You & the Housing Market?
South Florida Area Market Reports April for 2021 / May Available by June 6th, 2021
Home Buying Process page is being updated and expanded
What House Can I Afford plus new real estate calculators added in the Mortgage Finance Center
Here are some charts from John Hopkins University on Tracking Florida COVID -19 Cases and Deaths by Overall Totals and By Daily Totals – UPDATED DAILY

Happy Mother’s Day 2021 – A Mother’s Day Story About Important Lessons Learned from Mom

Sometimes the best lessons we learn from our mothers are not the things they try to teach us directly – like how to tie our shoes or how to ride a bike. We often learn the important ones when we ask, “Why did you do that?”

Click the link to learn how we can teach our children about important lessons in how we answer everyday questions.

Why is it so hard to find a home? This is the Ultimate Seller’s Market – Nationally new listings entering the market are approximately 20% below March levels of 2019. Total active inventory remains 53% lower than last year.

In South Florida there are many communities that only have a few active homes listed and many more under contract, so choices are slim and you have to be pre-approved and move quickly.

This Housing Market is Nothing Like Last Time – 6 Visuals That Show the Dramatic Differences

This is a great article from last month showing that this real estate market is nothing like the last time. There are 6 graphs that show the dramatic differences between the two periods – mortgage standards are still very tight now, price appreciation is not soaring out of control, there is a shortage of inventory now compared to a surplus before, new construction is not making up the shortfall, home prices aren’t becoming too expensive to buy, and homeowners have substantial equity – they are not tapped out.

If you’re concerned that we’re making the same mistakes that led to the housing crash, take a look at the charts and graphs to help alleviate your fears.

Latest Jobs Report: What Does It Mean for You & the Housing Market?

Friday, April 2nd 2021 – the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%.

Read more on what it means for you and the housing market.

Tracking The COVID-19 Curve in Florida by Totals and Also Daily Totals

Here are some charts from John Hopkins University on Tracking the COVID -19 Cases and Deaths by Overall Totals and By Daily Totals. The Charts update daily about 9:00 PM