Wednesday, May 23, 2012

Luxury Houses For Sale in Florida

Boca Raton, Florida - Luxury real estate buyers are increasingly discriminating and realize they can still find bargains. Many of these Florida Real estate Investors are seeking single-source service solutions to their real estate needs. Boca Raton real estate is one of the brightest jewels along the Gold Coast of South Florida and is home to the most magnificent ocean front, yachting, country club and resort communities that have been playgrounds of the elite for generations.

Palm Beach County Florida

Boca Raton is situated midway between Palm Beach, Fort Lauderdale and Miami, with ocean and beaches on one side and the Loxahatchee National Wildlife Refuge on the other. Boca Raton real estate is minutes away from exquisite Gold Coast beaches, the exclusive Boca Raton Resort and Beach Club and is conveniently located between Ft. Lauderdale and Palm Beach International Airports, and only a short drive to the Boca Raton Private Executive Airport.

Boca Raton Real Estate Investors and Homes For Sale

Owners of Boca Raton real estate have no need to venture far for entertainment and recreation, however. The city itself is one of the world’s premier vacation destinations and hosts an assortment of shopping, dining and cultural venues, as well as an array of outdoor adventure options. Catch a polo match, go scuba diving, explore the Boca Raton Museum of Art, shop for designer fashions in Mizner Park - no matter your idea of enjoyment, you’ll find a plethora of choices in Boca Raton and its environs.

Florida Properties and Luxury Shopping at Mizner Park

Your choices in Boca Raton real estate are varied and are of equally excellent quality. Does the country club lifestyle appeal? You’ll find a diversity of Boca Raton country club homes in such exclusive communities as Mizner Country Club, St. Andrews Country Club and the world renowned Royal Palm Yacht and Country Club.

Delray Beach and Hillsboro Mile Property

Would you prefer to have your own private ocean-front retreat? Luxurious Boca Raton ocean-front estates in Highland Beach and nearby communities like Palm Beach, Manalapan, Gulf Stream, Delray Beach and Hillsboro Mile are some of the most sought-after real estate in South Florida. If an exclusive gated estate or yachting enclave is more suited to your standard of living, then explore the vast Boca Raton real estate opportunities within Long Lake Estates, The Sanctuary or The Oaks at Boca Raton.

Discover how Boca Raton Real Estate Can Enhance Your Way of Life

Boca Raton Homes for sale website is headquartered in Delray Beach, Florida. Boca Raton Homes for sale website operates in virtually every major search engine throughout the world. Our Florida Investors are focused their sights on Broward County, Miami-Dade County and especially Palm Beach County. These Boca Raton Real Estate Buyers have a special attention on the subdivisions of Boca Raton Square, Woodfield Country Club, Royal Palm Yacht & Country Club, Hidden Valley, Palm Beach Farms Boca Raton, Timbercreek, and the Boca Raton Bath & Tennis Club.

More Featured Boca Raton Real Estate Subdivisions with Homes and Condos For Sale:

Country Club Village
Royal Oak Hills
Camino Gardens
Boca Madera
Villa Rica
Fairfield at Boca
Woodfield Hunt Club
Paradise Palms
Delray Manors
Spanish River Land
Boca Tierra
Banyans of Broken Sound
Hillsboro Park
Boca Villas
Chatham Hills
Winfield Park
Estancia of Via Verde
University Park Country Club Estates
Glades Landing
Boca Raton Riviera
Boca Woods
Lake Floresta Park
Tunison Palms
Bel Marra
Glen Oaks
Boca Harbour
Spanish Village
Vista Verde
Boca Islands
Wimbledon Villas of Via Verde
Palmetto Park Terrace
Carriage Hill
Woodfield Country Club
Pradera of Via Verde
Camino Lakes
Lake Rogers Isle
Los Paseos of Via Verde
Patch Reef Estates
University Heights

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Tuesday, May 15, 2012

Palm Beach County is Ripe for Single-Family Home Investors

Palm Beach County, Florida- Many Investors are searching for West Palm Beach real estate listings. The Palm Beach County area has plenty of wonderful homes for sale and check out the West Palm Beach, Florida market. Now the news wire states that West Palm Beach, as well as Fort Lauderdale offer the greatest returns for single-family home investors. Palm Beach County Real Estate Investors are starting to look at what were once riskier deals and are willing to take on more risk to get returns.

Palm Beach County and Broward County Real Estate Investments

Palm Beach County Real estate investors who are seeking to rent out single family homes would be wise to head to South Florida. Various Real Estate Specialists see the South Florida Market as an area ready to thrive. The Federal Government has many problems and has thrown us all for a loop. We can just blame Mortgage Companies as many Banks were forced to hand out Mortgages with the Community re-investment act.

Houses and Condos in Boca Raton Florida are Now More Affordable

We have some information for newer investors in the Florida Real Estate market. The definition of 'Capitalization Rate' is for all to see and use to hopefully get a positive cash flow and nice return. A rate of return on a Boca Raton real estate investment property based on the expected income that the property will generate. Capitalization rate is often used to estimate the real estate investor's potential return on his or her investment property. This is done by dividing the income the Florida property will generate (after fixed costs and variable costs) by the total value of the property.

Boca Raton and South Florida Seeing High Cap Rates?

Capitalization rates (Cap Rate) for single-family homes that are rented out averaged 12.4 percent in West Palm Beach, signifying the greatest returns among all the markets tracked by the analytics firm. Single-family homes rented out in Fort Lauderdale posted the third-best returns, offering investors a 12 percent cap rate.

Single Family Homes For Sale in Boca Raton

The national average cap rate for single family homes was 8.6 % in January 2012, down from 8.8 percent a year before but up from 5 percent in 2006. Many of the other investor-friendly markets were in the Midwest, such as Cleveland (12.3 percent cap rate) and Chicago (11.6 %).

Miami, on the other hand, actually posted a relatively meager cap rate of 7.7 percent, offering the worst returns among the nation’s largest real estate markets. Also the national apartment sector is expected to see improvement with positive rental rate trends over the next two years. The rental market is opening up many opportunities for Real estate Investors in Florida.

Boca Raton Florida Continues to be Hot Spot for Real Estate Investors

The high cap rates are a result of strong demand among Americans for rental properties, even as housing affordability sits at its highest level in more than 20 years, according to the report. Rental closings increased 11.5 percent year-over-year in 2011 and comprised 29 percent of all single-family closings. By comparison, rental closings represented just 11.3 percent of all closings in early 2006. Meanwhile, sales closings declined 9.8 percent between 2011 and 2010. The truth is that rental demand is so strong that supply is now at its lowest level in the last five years even though the volume of rental increased 2.6 percent over the last year.

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Thursday, May 10, 2012

Boca Raton Housing Affordability Index and Anna Kournikova

Boca Raton, Florida - Many readers keep wanting information on where Anna Kournikova's house for sale is located. We respect her tennis abilities yet don't have information on the Anna Kournikova home or condo. We do see a magnificent new Library in Boca Raton, Florida. The Owner is the sunny City of Boca Raton. The Architect, Slattery & Associates, did a terrific job with the Spanish River Library in Boca Raton Florida.

Spanish River Library in Boca Raton Florida

The Spanish River Library and Community Center offers several well-appointed and functional rooms and areas within the Library which may be reserved for meetings or private events. Detailed information about room reservations, including fees, policies, and procedures, may be found in the Facility Usage Information Packet. Rooms are reserved on a first-reserved, first-served basis, and may be applied for by completing a Room Request Application.

Boca Raton Library Architect Highlights

This Library has a beautiful lakeside patio which is helpful for Boca Raton Home sellers. The Lakeside Patio offers a gorgeous view of the lake and the flexibility and interest of multi-level seating. The Florida Architect also has a convenient rooftop terrace. The Rooftop Terrace offers yet another spectacular view of the lake for both day and evening events, along with convenient access to the Lakeside Patio, the Changing Room, and Catering Prep area.

There is also a Mezzanine which is a large open indoor space on the second floor which overlooks the Library. There is a beautiful view of the lake through the tall arched windows on the first floor.

Housing Affordability Index Hits Record High

Housing affordability conditions have reached the highest level since recordkeeping began in 1970, based on the National Association of Realtors study. NAR’s Housing Affordability Index rose to a record high 206.1 in January, in accordance with the relationship between median home price, median family income and the average mortgage interest rate. The higher the index, the greater the household purchasing power.

An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, assuming a 20 percent down payment and 25 percent of gross income devoted to mortgage principal and interest payments. For first-time buyers making small down payments, the affordability levels are relatively lower.

Homes in Boca Raton Florida are Now More Affordable

NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami, said this latest data underscores buyer opportunities in today’s market. “This is the first time the housing affordability index has broken the two hundred mark, meaning the typical family has roughly double the income needed to purchase a median-priced home,” he said. “For buyers who can qualify for a mortgage, now is a very good time to become a homeowner.”

Mortgage Interest Rates Support Buying Boca Raton Houses and Condos

NAR projects the affordability index for all of 2012 will be at an annual high, with little movement in mortgage interest rates or home prices during the year. “Housing inventory levels have declined to a point where conditions are becoming much more balanced in much of the country. Florida Real estate specialists claim that If access to credit improves, we could see a much more meaningful increase in home sales. Also Florida could see a broader stabilization in home prices with modest gains in areas with stronger job growth.

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Wednesday, May 2, 2012

Vacation Homes in Boca Raton Florida

Boca Raton, Florida - There are still a few Boca Raton Homes Investors coming from other areas of the Country. However with current traveling costs being so excessive Florida Real Estate Investors do not want to go too far from their main House. As Boca Raton Vacation-Home sales gain momentum, those aforementioned travel costs lure Buyers who live closer to Boca Raton, Florida. Sales of vacation homes are picking up as low prices pull buyers off the fence. But with travel costs rising and consumers still uncertain about the economy, many buyers are snapping up properties closer to home.

Boca Raton Real Estate and Vacation Homes

That is a change from the past decade when people often headed out of state to buy vacation homes near resorts and areas that were tourist destinations, including Orlando near Florida's Walt Disney World and the gambling Mecca of Las Vegas. Nevertheless these days, many vacation-home buyers are going old school and looking for Boca Raton properties in the more traditional-and less glitzy-vacation-home communities near where they live.

National Association of Realtors Statistics

A survey by the National Association of Realtors found that the median distance between a buyer's primary residence and his vacation home declined 19% to 305 miles in 2011 from 2010. It was the first decline since the group began keeping data in 2006.To be sure, vacation-home sales also are picking up in parts of Florida, Nevada and other states that have long catered to vacationers, although real estate agents say more of those buyers tend to be from nearby states and fewer are from far away. Also plenty of retirees still want to vacation in climates that are warm all year-round.

Boca Raton Vacation Properties in Florida

The shift in buying habits partly reflects the changing portrait of the typical vacation-home buyer. In the recent past, the vacation-home market was led by families looking for places with attractions for children as well as adults. But a growing number of buyers are older and seeking vacation homes that transition into retirement homes. Today's vacation-home buyers also are less affluent than in past years and more cost-sensitive. According to the NAR study, the average annual income of vacation-home buyers declined to $88,600 in 2011 from $99,500 in 2010.

Vacation Houses from Massachusetts to the Carolinas

Meanwhile, the values of vacation homes continue to fall, with the median sales price declining 19%, to $121,300 between 2010 and 2011, according to NAR. The trend is benefiting vacation communities near cities, including beach towns in the Northeast, from Massachusetts to the Carolinas, as well as lakefront enclaves in the Midwest and desert locales in California such as the Coachella Valley, according to real-estate agents.

Buyers for Florida Vacation Home Paying Cash

The rising cost of gas and airfares is a huge factor for many buyers. The average cost of a gallon of gasoline was $3.83 this week. While down from the two-year peak of $3.97 reached in May 2011, gas prices have been rising steadily since mid-December, when they fell to a 10-month low of $3.23 a gallon. Airfares, meanwhile, jumped 14% between March 2010 and March 2011, according to the U.S. Department of Labor.

Boca Raton Florida Remains Hot Spot for Investors

Florida remains popular with vacation-home buyers around the world, but these days an increasing number of American buyers are from neighboring states. Real Estate Investors have recently closed on a $1.3 million waterfront penthouse condos for example. Several of the waterfront communities in Boca Raton have had several closings. Other Florida Real estate Investors seek the Destin and Tampa Bay, St. Petersburg area.

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