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.

# #

Join us tomorrow afternoon at a brokers open. Enjoy the luxury of this condo with food and drinks. Expansive views of the intracoastal that will never be obstructed. 2🛏️ 2 🛁 open floor plan in the heart of West Palm Beach.

Had the best birthday with the best fiancé ever. 🩷😘🎉

Are Home Prices Going Up or Down? That Depends…

Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M).

Why Is This Distinction So Important Right Now?

We’re about to enter a few months when home prices could possibly be lower than they were the same month last year. April, May, and June of 2022 were three of the best months for home prices in the history of the American housing market. Those same months this year might not measure up. That means, the Y-O-Y comparison will probably show values are depreciating. The numbers for April seem to suggest that’s what we’ll see in the months ahead. That’ll generate t...



Message me for more information!

Are Home Prices Going Up or Down? That Depends… Media coverage about what’s happening with home prices can be confusing.

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...



Message me for more information!

www.simplifyingthemarket.com

If you’re thinking of buying a home, it may help you find the stability, feeling of community, and comfort you’ve been dreaming of. Let’s connect today to discuss your goals and all homeownership has to offer.



Message me for more information!

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.



Message me for more information!

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.

June is , and as we celebrate, let’s help make sure everyone can proudly pursue the dream of homeownership by strengthening our communities through diversity and inclusion.



Message me for more information!

The Main Reason Mortgage Rates Are So High

Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions:

>>Why Are Mortgage Rates So High?

The 30-year fixed-rate mortgage is largely influenced by the supply and demand for mortgage-backed securities (MBS). Demand for MBS helps determine the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate. Historically, the average spread between the two is 1.72.

Last Friday morning, the mortgage rate was 6.85%. That means the spread was 3.2%, which is almost 1.5% over the norm. If the spread was at its historical average, mortgage rates would be 5.37%.

This large spread is very unusual. The good news is, that means th...



Message me for more information!

www.simplifyingthemarket.com

Real Estate Is Still Considered the Best Long-Term Investment

With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds.

If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision.

Why Do Americans Still Feel So Positive About the Value of Investing in a Home?

Purchasing real estate has typically been a solid long-term strategy for building wealth in America. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), notes, “. . ....



Message me for more information!

Real Estate Is Still Considered the Best Long-Term Investment With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now.

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.



Message me for more information!

While the headlines about foreclosures rising may sound alarming, here’s what you need to know. Foreclosure filings have ticked up slightly, but the increase was expected as the foreclosure moratorium ended. Filings are much lower today than in pre-pandemic years. If you have questions about what you're hearing in the news, let’s connect.



Message me for more information!