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Betty Special
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954 865 2095
http://www.bettyspecialrealestate.com
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FHA lowers limit on mortgages! The federal government announced Friday it will be lowering home loan limits in South Florida and across the country!
Palm Beach and Broward the maximum loan amount for FHA loans will be lowered from $423,750 to $345,000
Betty Special
Re/max Preferred
954 865 2095
http://www.bettyspecialrealestate.com

Fall Has Arrived!.

Fall Has Arrived!.

List of Improving Housing Markets Hits Record High.

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LOCATION LOCATION LOCATION! ACROSS THE STREET FROM THE BEACH AND WORLD FAMOUS FISHING PIER! STUNNING OCEANFRONT EXTRA LARGE 3 BEDROOM UNIT!CONDO BOASTS NEW GRANITE COUNTERTOPS,CUSTOM KITCHEN CABINETS WITH NEVER-USED STAINLESS STEEL KITCHEN APPLIANCES. NEW TILE FLOORS THROUGHOUT. NEWER TEXTURED CEILINGS AND NEW WATER HEATER. 6 STATE-OF-THE-ART CEILING FANS. WASHER/DRYER IN UNIT. THIS UNIT IS UPDATED, VACANT AND MOVE-IN READY!BUILDING CURRENTLY UNDERGOING UPGRADES!Pompano Beach PierF1251833_301_60 Lobby

F1251833_201_12 Sea Monarch

F1251833_M01_73 Beach View

F1251833_O01_12 Pool

F1251833_P01_22 Playground

F1251833_601_98 Kitchen in Party Room

F1251833_801_22 Strength Training Room

F1251833_701_22 Cardio

F1251833_B01_18 Kitchen

F1251833_A01_55 condo entrance

Pompano Beach Pier

South Florida Sun-Sentinel.com

South Florida home prices rise for 17th straight month

Standard & Poor’s/Case-Shiller index: Home prices up 14.2 percent from a year ago

By Paul Owers, Sun Sentinel

A barometer of South Florida house prices increased in May for a 17th consecutive month. The Standard & Poor’s/Case-Shiller index, released Tuesday, rose 14.2 percent from a year ago.

Case-Shiller measures Palm Beach, Broward and Miami-Dade counties and 19 other major metropolitan areas. All 20 posted annual price gains, with Dallas and Denver exceeding peaks established before the Great Recession.

San Francisco led the nation with a 24.5 percent increase, followed by Las Vegas (23.3 percent) and Phoenix (20.6). Good News for the hard hit Phoenix market!

South Florida and much of the country have too little supply to satisfy intense demand. Investors are scooping up homes in large numbers, often shutting out first-time buyers looking to take advantage of still-low mortgage rates.

Guy Cecala, publisher of the Inside Mortgage Finance newsletter, said more balance between buyers and sellers will help moderate the large price gains — a necessary part of a long-term housing recovery, he said.

“When you get big price spikes, that sets you up for a dip,” he said. “San Francisco at 24.5 percent is not sustainable.”

The index tracks prices of the same house over time. Some analysts say that’s a better measure of the market than median prices of homes sold in a given month. But Case-Shiller data does not include prices for condos and trails Realtor board data by a month.

Last week, the Greater Fort Lauderdale Realtors said Broward County’s median price in June was $265,000, a 23 percent increase from a year ago. In Palm Beach County, the median last month was $259,990, up 16 percent from a year earlier, according to the Realtors Association of the Palm Beaches.

Bo Mastykaz, a South Florida real estate agent for Redfin, said buyers who need financing find the market particularly frustrating.

“The sellers are just not accepting my offers,” he said. “They’re waiting for straight cash.”

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