What’s New in South Florida Area Real Estate Market and Lifestyles January 2022

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

 Luxury Homes and Lifestyles – January 2022

 

Highlights:

• CHECK THE BLOG FOR MORE ARTICLES and    Previous What’s New posts for prior articles
• 2022 New Conforming Loan Limits Increase to $647,200 from $548,250 in 2021  for South Florida counties.
• FHA and VA limits are – $460,000 for Palm Beach County and $431,250 for St Lucie County
• Buyers Want To Know: Why Is Housing Supply Still So Low?
• Home Owner Equity Increased $56,700 in Q3 2021 Year over Year – Florida was 64%.
• 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
• South Florida Area Market Reports November for 2021  /  December Available by February 6th, 2022
• 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

 

Homebuyers Want to Know Why the Housing Market is  Still so Low?

We are still  in the ultimate sellers’ market, so real estate is ultra-competitive for buyers right now. The number of buyers searching for a home greatly outweighs how many homes are available for sale.  Read more on how the lack of new home construction the last 13 years has impacted the supply of inventory.

 

 

Home Owner Equity Increased $56,700 in Q3 2021 Year over Year

PLUS:  Americans Choose Real Estate as the Best Investment

 

For 8 years in a row now, Americans choose Real Estate as the best investment over Stocks and Bonds, Gold and Savings accounts.

Nationally, the Average Homeowner gained over $56,700 in equity over the pandemic year ending September 30, 2021.

Florida’s Gain was 64%  – click on the article to see the full graphic plus more details

 

 

 

JUST SOLD – Boca Bayou  Condo at 20 – 304  Royal Palm Way, Boca Raton

 

View above MLS link for listing details.  Also view this page for more pictures  

Boca Bayou Community has 1, 2 and 3 Bedroom condos – view for more available listings here.

 

 

 

The Home Buying Process

This page is being updated and expanded with more local information and tips on property taxes, insurance and mortgage information.  Each State has different calculations for property taxes.  See How Real Estate Property Taxes are Calculated in Florida.

 

How Much House Can You Afford?

Also visit the Mortgage Finance Center; main page for Mortgage programs, Affordability Worksheets  and Calculators.

 

Market Trends Updates for January , 2022 / August Available February 6, 2022

View the updated Market Trends and Reports for January for various cities in Palm Beach County, St Lucie and Martin Counties. These reports automatically update around the 5th of the month so check back and keep up to date!