A recently released report by Attorneys’ Title Insurance Fund Inc. finds that the Boca Raton housing market slowed in 2007. The market began to degrade in the spring of 2007, even before the subprime mortgage crisis resulted in another 10 percent decline in property values across the state. Since then, the housing market has been soft but is expected to begin a recovery during the next several years.

Florida is one of the leading states for job creation. The state has outperformed the rest of the country despite the housing problems. While Florida’s population growth also slowed, it is still nearly greater than all of the other Southeastern states put together.

While Orlando has experienced strong growth in residential construction and sales, not all
markets in Florida could hope to match Orlando’s boom. Boca Raton real estate is currently going through the worst condominium bust cycle that Florida has seen since 1975.

Looking for Boca Raton Mortgages and Financing? Realtor® Caesar Parisi is ready to help you buy your dream property.

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A poll of 500 likely voters conducted by the South Florida Sun-Sentinel found only 45 percent in favor of the property tax relief proposal on the Jan. 29 presidential primary ballot, which is heavily touted by Gov. Charlie Crist. Because it would amend the state constitution, a 60 percent approval is required.

While 45 percent of those surveyed said they would likely vote for the plan, 34 percent said they likely would not and the remaining 21 percent said they were undecided.

Support for the referendum is substantially lower than in previous polls. The earlier surveys, including one in November published by the Orlando Sentinel, showed public support hovering just below the 60 percent needed for passage. Del Ali of Research 2000 and Lance DeHaven-Smith, a political science professor at Florida State University, said the new poll does not bode well for the chances of tax relief winning.

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Using the first day of early voting in Florida as a bully pulpit, Florida Governor Charlie Crist predicted a revival of the slumping South Florida real estate market if voters approve a property tax amendment on the ballot. Speaking today to a packed ballroom of about 700 people, including local officials and political candidates, Crist said passage of Amendment 1 on the ballot will motivate homebuyers and home sellers, igniting the entire economy.

Using the occasion to deliver the crowd pleasing rhetoric, the Governor described in patriotic terms the tax proposal drafted by state legislators during an October special session. “You’ll see a dramatic change in Florida’s real estate market,” Crist said. “It’s about freedom, economic freedom,” he told the audience at an event hosted by the Forum Club of the Palm Beaches in the Kravis Center in West Palm Beach. “The ability to move within the state to get a better home, to live their dreams, to improve their lives, to have the quality of life they have dreamt about.”

Hunting for Boca Raton Activities? Consult with licensed real estate agent Caesar Parisi. Caesar has lived in the area for years and know all the good spots to visit. (more…)

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Due to the dismal Dollar exchange rate, and with a decline in real estate prices, the number of foreign buyers entering the South Florida condo market during 2007 rose to precipitous heights.

So, with your domestic sales flagging, how do you reach those overseas buyers? Here are several tips for reaching those folks.

Create your own Web site. It’s fine to post your listing on a for-sale-by-owner site like Owners.com or ForSaleByOwner.com if you’re a seller, and if you are an agent, on your brokerage’s Web site. With a bit of study, you can master posting on Craigslist, Zillow and Googlebase. Foreign real estate buyers do search the free listing services.

But you will always have competition from other listings there. So in addition to those sites, it’s a good idea to create your own Web site where you can expand the number of pictures and go into more detail about the home’s attractions.

Your hometown newspaper. As more people flock to the Web to look for homes, it seems counterintuitive to take out a print advertisement. But as the number of classified ads shrink — the Newspaper Association of American recently estimated that print ads declined 15.7% in 2007 and will fall 7.3% in 2008 — your ad is less likely to be overlooked than in the days when classified advertising overwhelmed most newspapers.

For more information on this and other real estate matters, your first source for Palm Beach real estate should be licensed agent and long-time resident Caesar Parisi. (more…)

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Considered by many to be the financial and transport gateway between the United States and Latin America, Miami has long attracted a large amount of international investment. In recent years the flow of overseas money has increased, as investors, flush with cash from the economic growth in Latin America, seek to capitalize on the city’s soaring property values.

South Beach is the city’s best known destination. The district, which attracts famous business and showbiz personalities has long been the playground of socialites and their associates year round. Haulover Beach, home to the city’s only legal haven for nudists, is another popular attraction. The Beach can be quite affordable, depending on where one wishes to stay, eat and play.

The City of Miami was the original vacation area and is filled with well-maintained Art Deco hotels and apartment buildings. Over the years it has continued to held on to its eminence as a lovely tourist paradise. People worldwide are attracted to its diverse cultures, wide array of employment opportunities, property and housing options, palm-fringed white-sand beaches and fashionable restaurants, cafes bars and flamboyant nightlife.

Housing and investment opportunities abound in the Miami area and the coastal communities north of the city, all the way through Cape Canaveral. As property values tend to moderate, investors abroad are finding many desirable properties in Palm Beach County Florida and among Boca Raton real estate.

Hunting for the perfect home in Grand Orchid, Boca Raton FL? Realtor® Caesar Parisi is ready to help you buy your dream property.
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