Michael Peron's (michaelperon) Blog

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Real Estate Agent - South Florida Home Solutions
RECENT BLOG POSTS
An appraisal gap describes the difference between the sales price and the lower amount of the appraisal required by the mortgage being obtained by the buyer.  It becomes an issue if the seller is not willing to lower the price or the buyer is not willing to pay the difference in cash.Looking at t...
08/06/2023
Sales in March 2023 were down 2.4% month over month and still down 22.0% year over year according to the NAR Housing Snapshot.  The median sales price dipped 0.9% to $375,700 and there are 2.6 months supply of homes on the market compared to 2 months a year ago."Inventory levels are still at hist...
08/06/2023
Like opening and closing a faucet increases and decreases the water flow, lowering interest rates increases home sales and raising interest rates decreases home sales.When home sales increase during periods of limited inventory, demand increases and prices go up.  Contrarily, when home sales decr...
08/06/2023
Nobel Prize recipient, Richard Thaler, in his research into seemingly irrational economic behaviors, "found that consumers generally search too little, get confused while evaluating complex alternatives, and are slow to switch from past choices, even if it costs them." "Why are consumers leaving ...
08/06/2023
A person's decision to sell their home comes with a lot of other decisions causing an owner to stress or procrastinate.  Early in the process, the owner will consider selling the home "As Is" to avoid the looming issues that accompany selling a home.From a seller's standpoint, "as is" means the b...
08/06/2023
Key Reasons To Use a Real Estate Agent When You SellSome Highlights An agent is a really important part of selling your home because they bring a lot of skill and expertise to the sales process. They’ll explain what’s happening today, what that means for you, and how to price and market your hous...
08/06/2023
Where Will You Go If You Sell? Newly Built Homes Might Be the Answer.Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You're not alone, but there’s some good news that may ease your worries. New home construction is up...
08/06/2023
Lending Standards Are Not Like They Were Leading Up to the CrashYou might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to hel...
08/06/2023
Why Homeownership Wins in the Long RunToday’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about th...
08/06/2023
Your Ft Lauderdale Weekend Bucket List ART WALK at The Peach!When: Sat, Aug 5, 5 – 10 PMWhere: The Peach 3950 Georgia Ave, West Palm Beach, FLTAP HERE TO LEARN MORE   Canoe Cruise When: Sat, Aug 5, 5:30 – 7:00 AMWhere: Grassy Waters Preserve 8264 Northlake Blvd, West Palm Beach, FL TAP HERE TO LE...
08/03/2023
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Michael Peron

Michael Peron, Dave Florida Real Estate
local_phone(954) 779-6106
smartphone(754) 204-0069
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