Boca Raton Mortgage Broker
Boca Raton Mortgage Lender
If you are in need of Mortgage Financing for Real Estate in Boca Raton, Florida you have come to the right place.
NMLS License # 216170
The Outlook for 2016 is Good!
To get a feel for what is currently going on in Boca, there is nobody better to give that can bring you up to date better than Marc Jablon broker/owner Safe Harbor Realty in Boca Raton. In a recent Blog Marc gauges the level of business activity in Boca upon the number of open houses in a given weekend.
Open Houses in Boca Raton - Feb 2016
Thee Reasons Why Home Prices are Not in a Bubble - Oct 2015
Homes for Sale West Boca Raton - Mission Bay - Marc Jablon
561-213-6139 August 15, 2014
There is even a previous page 2013 and before. Pages and pages of blogs about Boca Raton Real Estate trends and so forth.
Boca Raton 2013 and Before
Boca Raton is a famous place
Boca Raton Florida is a famous place in South Florida. It was popularized by repeated mention on the Seinfeld show for years, and certainly is what some New Englanders and New Yorkers dream about when it comes to the happy retirement destination. According to the show, moving to Boca for retirement "Was the Law". (LOL)
In addition to the retirement home or second home destination, Boca Raton is a great location for younger families as well. Boca Raton is situated in between Fort Lauderdale and West Palm Beach Florida so it has good proximity to everything. It is also just up the road from scenic Delray Beach which has some fun night life to offer.
This map will give you a feel for where we are.
Although I observe trends in Real estate, it is my job to make sure that your mortgage financing is in order. Before you even make an offer, it is important to have your ducks in a row and get prequalified.
Here is a recent graph of Boca Raton home sales and Boca Raton median real estate prices. Thanks to the folks over at City-Data we see that Boca Raton, Florida had a nice spike in home prices within the last year. This is indicative of a larger trend that is going on all over the state.
We no longer have three years of inventory and buyers sitting on the fence. Actually we have a sellers market and home buyers trying to take advantage of the lowest borrowing costs in 50 Years!
Many Realtors are reporting a lack of inventory especially in places like Boca Raton. Please see current graph versus a few years ago.
Here is another look at why home prices have shot up so much. I recently read a great article written by Marc Jablon who is a prominent Boca Raton realtor who spelled out some of the fundamental reasons why Boca Home Prices have shot up 28% in the last year.
By now, if you’re looking to purchase a home in Boca Raton, you know how skimpy the available inventory is. It’s down 40% from a year ago, leaving less than a 4 month supply of homes on the market.
But the prevailing notion from most realtors has been that the glut of bank foreclosures would soon be released. This would serve to keep Boca Raton home prices lower by increasing the supply of available homes.
If you would like to learn more about the specific neighborhoods in Boca Raton Florida I suggest you go to my Boca Raton Real Estate page.
Foreclosures are purchased by private equity funds.
Well, guess what? They were wrong. The majority of these foreclosed homes in Boca and in most other cities around the nation are being gobbled up in bulk by private equity funds. And they’re not being resold. Instead, they are moving back into the market as rental properties.
Blackstone group, has already purchased 24,000 homes around the nation, spending more than $4 billion. The fund adds thousands of homes each month to its burgeoning portfolio. BlackRock, Colony Capital and Haven Realty Capital, among others, also continue to purchase these REO homes in bulk from banks.
To read the rst of this great article you can visit the Jablon team over at www.JablonTeam.com
Here is the article itself : "Where have all the Boca Raton single family homes gone?"
Lets take a look at Zillow and City-Data
Previous Graph - 2011
Helpful links to give you the feel for Boca Raton Florida:
The Boca Raton Chamber of Commerce is a great place to start researching business and networking opportunities in Boca Raton. If you are in the real estate business this is a great place to start.
While your in town you can stay at the Boca Raton Resort & Spa which is actually a very reasonable stay for a lushly appointed world class resort.
Fun things to do in Boca Raton, Florida
If you want the low down on all the best places to go, the best restaurants and shopping and hotels , check out Boca Raton.com
Sugar Sands Park - Run by the city of Boca Raton this 132 acre park is complete with Science center, carousels, nature trails and commnuity playgrounds
Gumbo Limbo Nature Center - more activities for the kids to view nature in a controlled setting
Boca Raton Surf Cam - Take a quick look at the beach and the weather and surf conditions
Boca Town Center Mall - Is truly the town center of Boca raton. This is a vibrant shopping mall with very trendy providers of everything under the sun. This mall has always been a place to go enjoy an afternoon of shopping.
Mizner Park - Mizner Park is a great place to spend the day and perhaps the evening. It's a beautiful setting with great shops, a Museum, movies, concerts etc. Here is a Blog written by Marc Jablon
7 Reasons to Visit Mizner Park in Boca Raton
Boca Jets Pop Warner Football - This is an example of how organized Boca Raton is. Any young person looking to play football or perhaps partake in cheerleading will find a well funded organized group here in Boca Raton
Coconut Cove WaterPark - The waterpark includes a 986-foot river ride, Sea pals scramble and (2 ) 220-foot water slides Children’s water playground
Boca Raton Listing agent discusses Mission Bay- The Isles