The Roselli Team - Your Real Estate Experts Pembroke Pines, Miramar, Weston, SW Ranches & Doral

  Buying your first home doesn’t look anything like it did 30 years ago.  The average first-time buyer in 2024 is 38 years old. Compare that to 33 in 2020 and 31 between 1993 and 2018. So if you’re renting in your 30s or 40s, it’s easy to wonder: Did I miss my window? The short answer is not at all.  In fact, you’re right on time—and there are solid financial and personal reasons for that. Why Are Buyers Waiting Longer? Research from John Burns Research & Consulting shows that Americans are hitting major life milestones later across the board: The average age of first-time mothers is now 30 (up from early 20s a few decades ago). Only 33% of today’s 30-year-olds own a home, compared to 47% in 1984. Only 48% of 30-year-olds have been married (down from 78% in 1984) And 72% of renters are now over the age of 30—the highest share ever recorded. This isn’t a fluke. Each generation since the baby boomers has reached these milestones later than the previous one. We're seein...

Thinking about buying a home this year?  You’ve probably heard all kinds of advice: “ Wait for rates to drop.” “Home prices are too high.” “Now’s the best time to buy!” Truth is, no one has a crystal ball. But if you’re trying to decide whether now is the right time to buy, there’s one thing you need to ask yourself… How long do you plan to stay? Because when it comes to real estate, time is your biggest asset. Let’s break it down. The Longer You Stay, The More You Gain If you’re only planning to live in a home for a year or two, buying probably isn’t the smartest move. Closing costs, property taxes, and maintenance add up fast, and you likely won’t see enough appreciation to make up for those costs. And that’s not factoring in taxes on capital gains if you make a move in less than two years. But what if you stay longer? According to Redfin , the typical U.S. homeowner stays in their home for 11.8 years. If you’re planning to stay that long, history shows you’re likely to benefit f...

Can you believe what has happened to home values in this current market? I would welcome the opportunity to talk to you about whether you have done any updates to your home such as kitchen or bathrooms making the house worth even more. For a free no obligation property evaluation please text or call me at 954-895-0285 , or my wife Monica 954-895-4991 or if you have any unanswered questions about selling or buying real estate. Thank-you Enrico & Monica Roselli

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to   buying   or   selling   a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising   inflation , and the first rate increase from the   Federal Reserve   in   over three years   — the housing market seems to be relatively immune. Here’s a look at what experts say you can expect this spring. 1. Mortgage Rates Will Climb Freddie Mac   reports   the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some mild   fluctuation   in recent weeks, experts believe rates will continue to edge up over the next 90 days. As   Freddie Mac   says : “The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.” If you’re a first...

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest   Home Price Insights Report   from   CoreLogic   indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph shows year-over-year appreciation throughout 2021.   December data has not yet been released. As the graph shows, appreciation has remained steady at around 18% over the last five months. In addition, the latest   S&P Case-Shiller Price Index   and the   FHFA Price Index   show a slight deceleration from the same time last year – it's just not at the level that was expected. However, they also both indicate there’s continued strong price growth throughout the country. FHFA reports all nine regions of the country still experienced double-digit appreciation. The   Case-Shiller 20-City Index   rev...

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is   very high   and supply is   very low , prices can rise   significantly . Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market: Why are prices rising? Where are prices headed? What does this mean for homebuyers? Why Are Prices Rising? According to the latest   Home Price Insights   report from   CoreLogic , home prices have risen 18.1% since this time last year. But what’s driving the increase? Recent buyer and seller activity data from the   National Association of Realtors   (NAR) helps answer that question. When we take NAR’s buyer activity data and compare it to the seller traffic...

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale). An article from the   Wall Street Journal   shows this is true for new home construction: “ Home builders have sold more homes than they can build . Now they are limiting their sales in an effort to catch up.” The article quotes David Auld, CEO of   D.R. Horton Inc.   (the largest homebuilder by volume in the United States since 2002), explaining how they don’t have enough homes for the number of buyers coming into their models: “Through our history, to have somebody walk into our models and to tell them,   ‘We don’t have a house for you to buy today’,   is something that is foreign to us.” Dan...

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could qualify for a loan. The   Mortgage Credit Availability Index   (MCAI) from the   Mortgage Bankers’ Association   is an indicator of the availability of mortgage money. The higher the index, the easier it is to obtain a mortgage. The MCAI more than doubled from 2004 (378) to 2006 (869). Today, the index stands at 130. As an example of the difference between today and 2006, let’s look at the   volume of mortgages   that originated when a buyer had less than a 620 credit score. Dr. Frank Nothaft, Chief Economist for   CoreLogic , reiterates this   point : “There are marked differences in today’s run up in prices compared to 200...

 As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon? Mortgage Rates Will Likely Increase, but Remain Low Many experts are projecting a rise in interest rates. The latest   Quarterly Forecast   from   Freddie Mac   states : “ We forecast that   mortgage rates will continue to rise through the end of next year.   We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.” However, even as mortgage rates rise, the anticipated increase is expected to be modest at most, and still well below   historical averages . Rates remaining low is good news for homebuyers who are looking to maximize their   purchasing p...