Nicole Weiss Realtor

Open house today 4625 hammock circle Delray Beach! All ages dog friendly community.

Come and enjoy this Delray Beach property home! 2/3 with pool. Motivated seller. Close to restaurants, shopping, 95. Zoned for Boca School District. Can rent right away, investors welcome!

Located in the highly sought after community of Hammock Reserve.

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This Real Estate Market Is the Strongest of Our Lifetime

When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point.

>>The Current Mortgage Rate on Existing Mortgages

First, let’s look at the current rate on existing mortgages. According to the FHFA, as of the fourth quarter of last year, over 80% of existing mortgages have a rate below 5%. That’s significant. And, to take that one step further, over 50% of mortgages have a rate below 4%. Here's why this gives the housing market such a solid foundation today. Having so many homeowners with such low mortgage rates helps us avoid a crisis with a flood of foreclosures coming to market like there...



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Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market [INFOGRAPHIC]

Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. Expect unsettling housing market headlines this year, mostly due to unfair comparisons with the ‘unicorn’ years. DM me so I can share the data that puts those headlines in the proper perspective.



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Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market [INFOGRAPHIC] Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were 'unicorn' years.

Typically, rents increase when inflation is high. One of the big perks of homeownership today is you can stabilize your monthly housing expense by having a fixed-rate mortgage. If you continue to rent, you don’t have that same benefit and aren’t as protected from rising rent costs. Connect with me today to start your journey to homeownership.



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