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Andy Mandel's Blog

Thursday, April 5, 2018   /   by Andy Mandel

New Listing: 8820 NW 17 Street, Coral Springs, FL 33071

Fully updated waterfront home in Feathertree section of Ramblewood. NO HOA! Brand new flooring throughout the living areas, beautiful white kitchen w/ quartz countertops, & 2.5 REMODELED bathrooms. Vaulted ceilings w/ exposed beams in the XXL family room give this house a custom look with great character. Covered patio is great for BBQs & outdoor enjoyment. HUGE garage with tons of storage. Master bedroom features his/hers closets & cabana bath. Accordion shutters for low insurance! Roof replaced 2008! Call Listing Agent Andy mandel with REMAX for a private showing. 954-610-0563.

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Thursday, April 5, 2018   /   by Andy Mandel

Millennials Spend Nearly $100,000 on Rent by Age 30

Forty-five percent. That’s the percentage of an average millennial’s income that they’ll spend on rent between the ages of 22 and 30, according to a new study by RENTCafé. That definitely sounds like a lot—as does the $92,600 total amount they spend on rent during that time—but let’s add some context to the raw figure. How does this rent burden compare to that of previous generations?
RENTCafé’s study mined U.S. Census data to determine the each generation’s average income and rent burden during that eight-year window leading up to age 30. As their report states, “we looked at the average income representative for the ages analyzed, rather than the average income of the overall population, because people in their 20s, with limited experience in the workforce, typically have a lower income than those over 40 who are at the peak of their careers.” The data refers to single people paying the rent by themse ...

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  buyer, rent

Tuesday, March 27, 2018   /   by Andy Mandel

Buyer Demand Still Outpacing the Supply of Homes for Sale

The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.
Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand
The map below was created after asking the question: “How would you rate buyer traffic in your area?”
The darker the blue, the stronger the demand for homes in that area. Only four states had a ‘stable’ demand level.

Seller Supply
The index also asked: “How would you rate seller traffic in your area?”
As you can see from the map below, 25 states reported ‘weak’ seller traffic, 21 states reported ‘stable’ seller traffic, 3 states and Washin ...

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  buyer, seller, home value, market update