Author: Lower Keys Mortgage Syndicated User

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. There are currently 410,000 fewer single-family homes available for sale than there were at this time last year. Lawrence Yun, Chief Economist at NAR, explains in the report: ...

Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices. In such a hot market, houses are selling quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 short days. Despite the speed and opportunity for sellers, there are still steps you can take to prep your house to shine so you get the greatest possible return. 1. Make Buyers...

Surrounded by an environment filled with abundant terrestrial and marine wildlife, Big Pine & the Lower Keys is the least “people-populated” section of the Florida Keys island chain. In fact, the majority of its inhabitants have four legs, fins or feathers.Florida Keys Newsroom

The islands of Marathon in the Middle Keys include Boot, Knights, Hog, Vaca, Stirrup, Crawl and Little Crawl keys, East and West Sister's Island, Deer and Fat Deer keys, Long Pine and Grassy keys.   Florida Keys Newsroom

Angling teams can compete for more than $35,000 in cash and prizes while vying to land the largest dolphin fish June 4-6 in the waters surrounding the Lower Florida Keys.Florida Keys Newsroom

Some Highlights In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market. When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.” Today’s housing market is healthy, and rising prices are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market. Content previously posted on Keeping Current Matters...

In celebration of Earth Day, staff from the Florida Keys-based Turtle Hospital released a rehabilitated loggerhead sea turtle back to the ocean off Marathon Thursday. Florida Keys Newsroom

Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases. While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term quirk in the reporting of this data. Essentially, the increases will reflect a combination of two things: sharply lower housing numbers during last year’s virus-related market collapse and the subsequent strong rebound. This...

Florida Keys cuisine is as unique and appealing as the 125-mile island chain itself. From spicy conch chowder to savory Cuban pork, succulent pink shrimp and stone crab claws to sweet and tangy key lime pie, the destination offers a variety of temptations for visitors to enjoy. Florida Keys Newsroom