Felipe Gerardino Realtor

04/30/2022

“You can achieve everything you want”. Just ask for it, close your eyes, now say it, wait for it , it will come, Maybe today, maybe tomorrow,, it will come. et voilà

04/18/2022

Red Door Meaning: 6 Common Symbolism You Should Know

Have you ever wondered what a red door meaning might be? You’ve probably seen red doors often on houses around your neighborhood and wondered why

04/18/2022

Buy a house today…. … You will be glad you did for the rest of your life.

04/15/2022

Let’s change the word SPEND for INVEST

04/14/2022

04/09/2022

The Thruth about todays market
The market is finally getting the message that the era of cheap money is ending.
Just look at mortgage rates. At the beginning of 2022, the average interest rate on a 30-year mortgage hovered above 3%. Today it stands at 4.72%, according to Freddie Mac. That translates into sharply higher borrowing costs for Americans looking to buy a home—and it is only the beginning.

For the better part of the past 15 years, households and businesses paid very little to borrow. Americans could get cars and homes and the appliances to fill them at interest rates in the low single digits. Companies, especially profitable ones, could practically name their price in the credit markets.

When Jennifer Osorio began making plans to buy a house in Houston early this year, she thought she would end up with a mortgage rate close to 3.5%. By the time she was ready to make an offer last month, the lowest rate she could lock in was 4.99%.
The higher rate would add a couple of hundred dollars to her monthly payment, which she hopes to keep around $1,200. Before rates took off, she was looking at homes priced up to $230,000. Now, she is looking for listings closer to $180,000. That mostly leaves condos, which are smaller than the house she was hoping for, or homes with longer commutes to the school where she teaches.
Www.Felipegerardino.com

Fed’s moves to chill inflation drive up bond yields and many other borrowing costs linked to them

04/03/2022

Those who were able to take advantage of the market have seen their home values double or even quadruple in the last decade.

Lantana homeowner Blair Alshut is one such homeowner. She purchased her three-bedroom, two-bathroom home with a pool in east Lantana in a short sale for $95,000 in January of 2011. Working as a waitress at the time, she was searching for a property that would fit her budget of $100,000. Eleven years later, she’s a Realtor in Palm Beach County, and estimates her property could now go for $425,000.
Www.Felipegerardino.com ARE YOU LOOKING TO SELL OR BUY HOME? DM ME let's chat about it.

Buyers who took a chance on a foreclosure or short sale around 2012 have seen values double or quadruple. But if they want to sell, where do they move?

03/24/2022

Hello everyone, here is an update on todays market are you ready? Let’s go!

As of last month, that figure is now $535,000 in Palm Beach County, which is up nearly 19% since February 2021.

The Federal Reserve announced a 0.25% interest rate hike—the first increase since 2018, while also forecasting a more-than-expected six additional hikes this year.

Price of homes continue to climb in Palm Beach County, putting strain on buyers

WEST PALM BEACH, Fla. — New numbers recently released show that buyers are having to navigate a seller's market with an ever-changing variable -- the median sale price of homes.
Across our viewing area, the increase is close to 20 percent and above, which is pricing buyers out of paradise.

What does this means ? Let’s go over this topic. Comment below or DM me for more info. Thank you and as always I will have the answer you need to hear and remember, finding a house is simple…. …. Finding a home for your family is my passion. -Felipe Gerardino

New numbers recently released show that buyers are having to navigate a seller's market with an ever-changing variable -- the median sale price of homes.