Florida Real Estate and Community News by MMD Realty

 

I think it is safe to say that the new presidency will mean the opposite of the status quo. 

1. Trade - this is the biggest area of concern. When the election results were hitting the news, there was a 1% drop in CDN and an 8% drop in the Mexican peso. President-elect Trump has emphasized his plan to pull out of some trade deals and likely, the trade deals that are in the works are dead.

2. Taxes - There will be a notable rise in budget in the years ahead to pay for the infrastructure spending. In an effort to get American companies to return to US, he will be reducing the corporate taxes to make it attractive for their return from off-shore operations. This will increase our deficit in addition to the infrastructure spending.

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Technology is streamlining the entire property buying cycle from search to close. Buyers and agents can easily access complete property data and comparables online. Consumers can conduct a comprehensive property search through their phone. It’s no longer essential to even physically see the property in person. Google Earth and mapping changed everything. Zillow and other online property sites have led much of the process. As technology and the ability to gather and analyze data quickens, real estate transactions becomes even more streamlined. 

Here are four technologies transforming how real estate transactions take place:

Data-Driven Decisions

The buyer can access what the fair market value of the home based on readily available data. 

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Sales took a dive across Palm Beach, Miami-Dade and Broward counties in August dipping down to 2011 levels on the heels of the spring/summer rebound from the winter sales slump. It looks as though the market is slowing again going into September with more price corrections expected across the board as 2016 comes to a close.

August Home Sales Across Palm Beach, Broward, and Miami-Dade

In Palm Beach County, sales fell to 4100, which is below 2011’s total sales for the month of August. It’s the slowest single-family and condo homes sales month we’ve seen in years. Miami-Dade also fell below 2011 at 5546 in total homes sales. Broward managed to stay above 2011’s slump at 5292 total sales. August is turning out to be the weakest month for real

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