South Florida Luxury Homes and Condos - Chane Realty
Cheryl Chane - Broker
954 818 1300954 818 1300
logo-icon

South Florida Luxury Homes and Condos – Chane Realty
Homes for Sale Fort Lauderdale & All of South Florida

There’s No Place Like Home

There’s No Place Like Home

There’s No Place Like Home

There’s No Place Like Home

Last week, we reported on the financial reasons purchasing a home in today’s market makes sense. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership.

The top 4 reasons to own a home cited by respondents were not financial.

1. It means having a good place to raise children & provide them with a good education

From the best neighborhoods to the best school districts, even those without children at the time of purchasing their home, may have this in the back of their mind as a major reason for choosing the location of the home that they purchase.

2. You have a physical structure where you & your family feel safe

It is no surprise that having a place to call home with all that means in comfort and security is the #2 reason.

3. It allows you to have more space for your family

Whether your family is expanding, or an older family member is moving in, having a home that fits your needs is a close third on the list.

4. It gives you control over what you do with your living space, like renovations and updates

Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you can’t in your own home?

The 5th reason on the list, is the #1 financial reason to buy a home as seen by respondents:

5. Owning a home is a good way to build up wealth that can be passed along to my family

Either way you are paying a mortgage. Why not lock in your housing expense now with an investment that will build equity that you can borrow against in the future?

Bottom Line

Whether you are a first time home buyer or a move-up buyer who wants to start a new chapter in their life, now is a great time to reflect on the intangible factors that make a house a home.

 

Net Worth of Homeowners 44X Greater than Renters

Net Worth of Homeowners 44X Greater than Renters

 

Net Worth of Homeowners 44X Greater than Renters

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.

The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

Owning a home is a great way to build family wealth

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.

That is why, for the fourth year in a row, Gallup reported that Americans picked real estate as the best long-term investment. This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26% and then gold, savings accounts/CDs, or bonds.

Greater equity in your home gives you options

If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let’s get together to discuss the process.

 

 

Homeownership Builds Wealth & Offers Stability

Homeownership Builds Wealth & Offers Stability

The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

  1. They want the opportunity to build equity.
  2. They want a stable and safe environment.

Building Equity

John Taylor, CEO of the National Community Reinvestment Coalition, explains that those who lack the opportunity to become homeowners have a weakened ability to reinvest their wealth:

“We traditionally have been huge supporters of homeownership. We see it as a way to provide stability for households but also as an asset-building strategy. If you continue to be a renter, locked out of the homeownership arena, increasingly those things are further and further out of reach. They’re joined at the hip. They perpetuate each other.” 

Family Stability

Does owning your home really create a more stable environment for your family?

survey of property managers conducted by rent.com disclosed two reasons tenants should feel less stable with their housing situation:

  • 68% of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
  • 53% of property managers said that they were more likely to bring in a new tenant at a higher rate than negotiate and renew a lease with a current tenant they already know.

We can see from these survey results that renting will provide anything but a stable environment in the near future. 

Bottom Line

Homeowners enjoy a more stable environment and at the same time are given the opportunity to build their family’s net worth.

 

How Rising Prices Will Help You Build Family Wealth in 2018

How Rising Prices Will Help You Build Family Wealth in 2018

How Rising Prices Will Help You Build Family Wealth in 2018

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Since the experts predict that home prices will increase by 4.2% in 2018, the young homeowners will have gained $10,500 in equity in just one year.

Over a five-year period, their equity will increase by nearly $45,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

 

Buying A Home Is Better Way to Produce Wealth Than Renting

Buying A Home Is Better Way to Produce Wealth Than Renting

Buying A Home Is Better Way to Produce Wealth Than Renting

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting.

The BH&J Index is a quarterly report that attempts to answer the question:

Is it better to rent or buy a home in today’s housing market?

The index examines that entire US housing market and then isolates 23 major markets for comparison. The researchers at use a “’horse race’ comparison between an individual that is buying a home and an individual that rents a similar quality home and reinvests all monies otherwise invested in homeownership.”

Ken Johnson, Real Estate Economist & Professor at Florida Atlantic University, and one of the index’s authors states: “The U.S. as a whole is still in clear buy territory. The cities of Cincinnati, Chicago, Cleveland, and New York City are deep into buy territory.”

Miami and Portland had been inching closer toward renting being the better option but have “pulled back from the edge.” Johnson goes on to say, “that’s a good sign for home pricing as it suggests prices are going to level off in these metro areas.”

Bottom Line

Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now.

 

Study Again Finds Homeownership to be a Better Way of Producing Wealth

Study Again Finds Homeownership to be a Better Way of Producing Wealth

Study Again Finds Homeownership to be a Better Way of Producing Wealth

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting.

The BH&J Index is a quarterly report that attempts to answer the question:

Is it better to rent or buy a home in today’s housing market?

The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers use a “’horse race’ comparison between an individual that is buying a home and an individual that rents a similar quality home and reinvests all monies otherwise invested in homeownership.”

Ken Johnson Ph.D., Real Estate Economist & Professor at Florida Atlantic University, and one of the index’s authors states:

The nation as a whole is in buy territory.  Continued near record low mortgage rates, unsteady stock market performance, and rents (on average) now out pacing the cost of ownership (maintenance, taxes, insurance, etc.) all combine to favor owning and building wealth through home equity over renting and reinvesting in a portfolio of stocks and bonds.

Dallas, Denver and Houston currently remain deep in rent territory but, “there is some degree of good news from these markets for homeowners as the cost of renting is now increasing at a faster rate than the cost of homeownership — reducing the advantage of renting over buying.” 

Bottom Line

Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now.

 

Whether You Rent or Buy, Either Way You’re Paying a Mortgage!

Whether You Rent or Buy, Either Way You’re Paying a Mortgage!

 

Whether You Rent or Buy, Either Way You’re Paying a Mortgage!

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”:

“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”

Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at Freddie Mac, explains another benefit of securing a mortgage as opposed to paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person building that equity.

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 4.22% last week.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.

 

The Benefits of Homeownership Go Beyond the Financial

The Benefits of Homeownership Go Beyond the Financial

The Benefits of Homeownership Go Beyond the Financial

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this.

Homeownership is NOT just about the money. In fact, some of the major benefits are non-financial. Here are a few of those benefits as per the National Association of Realtors:

  • Consistent findings show that homeownership does make a significant positive impact on educational achievement.
  • Several researchers have found that homeowners tend to be more involved in their communities than renters.
  • Early studies of homeownership and health outcomes found that homeowners and children of homeowners are generally happier and healthier than non-owners, even after controlling for factors such as income and education levels that are also associated with positive health outcomes and positively correlated with homeownership.

Bottom Line

Homeownership means something more to people and their families than just the financial considerations.

 

Read More Articles in Our Blog:   Real Estate with Chane Realty


Sorted by
1 - 30 of 500+ | Previous Page 1 of 17 Next
  • List View
  • Map View
  • Grid View
  1. Photo of 6760 Custer St, Hollywood, FL 33024 (MLS # F10136840)
    15
    3 beds,  2 full baths
    1,298 sqft   lot 1,465 sqft
    Walk Score® 62
    MLS F10136840
  2. Photo of 4806 Nw 56th Ct, Tamarac, FL 33319 (MLS # F10137000)
    37
    3 beds,  2 full, 1 half baths
    1,560 sqft   lot 1,870 sqft
    Walk Score® 48
    MLS F10137000
  3. Photo of 13451 Mustang Trl, Southwest Ranches, FL 33330 (MLS # F10136999)
    15
    3 beds,  2 full baths
    1,863 sqft   lot 1,863 sqft
    Walk Score® 4
    MLS F10136999
  4. Photo of 7436 Pinewalk Dr, Margate, FL 33063 (MLS # F10136993)
    29
    2 beds,  2 full baths
    1,255 sqft   lot 1,685 sqft
    Walk Score® 10
    MLS F10136993
  5. Photo of 7806 Nw 73rd Ter, Tamarac, FL 33321 (MLS # F10124497)
    23
    4 beds,  2 full baths
    1,871 sqft   lot 7,500 sqft
    Walk Score® 38
    MLS F10124497
  6. Photo of 15431 Sw 31st, Davie, FL 33331 (MLS # F10136862)
    42
    4 beds,  3 full baths
    3,429 sqft   lot 1.72 ac
    Walk Score® 1
    MLS F10136862
  7. Photo of 14617 69th St, Loxahatchee, FL 33470 (MLS # F10136989)
    21
    3 beds,  2 full baths
    2,010 sqft   lot 2,080 sqft
    Walk Score® 1
    MLS F10136989
  8. Photo of Plantation, FL 33313 (MLS # F10136988)
    3
    3 beds,  2 full baths
    1,248 sqft   lot 1,588 sqft
    MLS F10136988
  9. Photo of 13834 Geranium Pl, Wellington, FL 33414 (MLS # F10136984)
    5
    4 beds,  2 full baths
    2,113 sqft   lot 2,948 sqft
    Walk Score® 37
    MLS F10136984
  10. Photo of 1070 Sw 50th Ave, Margate, FL 33068 (MLS # F10136543)
    18
    3 beds,  2 full baths
    1,676 sqft   lot 2,592 sqft
    Walk Score® 28
    MLS F10136543
  11. 2 beds,  2 full baths
    Walk Score® 38
    MLS F10136969
  12. 3 beds,  2 full baths
    2,654 sqft   lot 3,686 sqft
    Walk Score® 22
    MLS F10136971
  13. Photo of 5929 Nw 59th Ave, Parkland, FL 33067 (MLS # F10136909)
    52
    3 beds,  2 full baths
    2,530 sqft   lot 3,080 sqft
    Walk Score® 31
    MLS F10136909
  14. Photo of Boynton Beach, FL 33437 (MLS # F10136413)
    40
    Open House
    5 beds,  4 full baths
    3,104 sqft   lot 3,769 sqft
    MLS F10136413
  15. Photo of 2900 Ne 47th St, Lighthouse Point, FL 33064 (MLS # F10136173)
    32
    3 beds,  3 full baths
    2,551 sqft  
    Walk Score® 13
    MLS F10136173
  16. Photo of 3921 Hayes St, Hollywood, FL 33021 (MLS # F10136641)
    17
    3 beds,  2 full baths
    1,652 sqft   lot 9,375 sqft
    Walk Score® 46
    MLS F10136641
  17. Photo of 4989 Sw 94 Ter, Cooper City, FL 33328 (MLS # F10136935)
    32
    4 beds,  3 full baths
    2,281 sqft  
    Walk Score® 38
    MLS F10136935
  18. Photo of 1972 Windward Dr, Pompano Beach, FL 33062 (MLS # F10136959)
    28
    3 beds,  2 full baths
    1,758 sqft   lot 1,758 sqft
    Walk Score® 18
    MLS F10136959
  19. Photo of 3723 Nw 59th Street, Coconut Creek, FL 33073 (MLS # F10136937)
    38
    Open House
    3 beds,  2 full baths
    2,059 sqft   lot 2,563 sqft
    Walk Score® 8
    MLS F10136937
  20. Photo of 6312 SE 10 Place, FL 34472 (MLS # F10115245)
    38
    5 beds,  4 full, 1 half baths
    3,580 sqft   lot 20,241 sqft
    Walk Score® 5
    MLS F10115245
  21. Photo of 2401 Se 9th St, Pompano Beach, FL 33062 (MLS # F10136946)
    2
    4 beds,  2 full, 1 half baths
    2,290 sqft   lot 2,938 sqft
    Walk Score® 29
    MLS F10136946
  22. Photo of 123 Ne 17th Ave, Fort Lauderdale, FL 33301 (MLS # F10136842)
    42
    5 beds,  5 full baths
    3,414 sqft   lot 7,072 sqft
    Walk Score® 63
    MLS F10136842
  23. 4 beds,  2 full, 1 half baths
    2,021 sqft   lot 2,244 sqft
    Walk Score® 30
    MLS F10136940
  24. Photo of 2642 Ne 8th St, Pompano Beach, FL 33062 (MLS # F10136794)
    15
    3 beds,  2 full baths
    1,739 sqft  
    Walk Score® 54
    MLS F10136794
  25. Photo of 18189 Sw 54th St, Miramar, FL 33029 (MLS # F10136936)
    29
    5 beds,  3 full, 1 half baths
    4,203 sqft   lot 4,203 sqft
    Walk Score® 9
    MLS F10136936
  26. Photo of 609 Poinciana Drive, Fort Lauderdale, FL 33301 (MLS # F10136934)
    22
    2 beds,  2 full, 1 half baths
    1,381 sqft   lot 1,381 sqft
    Walk Score® 29
    MLS F10136934
  27. Photo of 11170 Redhawk St, Plantation, FL 33324 (MLS # F10136593)
    33
    4 beds,  3 full baths
    3,298 sqft   lot 4,295 sqft
    Walk Score® 5
    MLS F10136593
  28. Photo of 400 N Fig Tree Ln, Plantation, FL 33317 (MLS # F10136800)
    45
    4 beds,  3 full baths
    4,787 sqft  
    Walk Score® 22
    MLS F10136800
  29. Photo of 1437 Se 13th St, Deerfield Beach, FL 33441 (MLS # F10136903)
    49
    4 beds,  3 full, 1 half baths
    2,970 sqft   lot 3,108 sqft
    Walk Score® 23
    MLS F10136903
  30. Photo of 3324 Nw 37th Ave, Lauderdale Lakes, FL 33309 (MLS # F10133790)
    12
    3 beds,  2 full baths
    1,082 sqft   lot 1,392 sqft
    Walk Score® 69
    MLS F10133790
Previous Page 1 of 17 Next
Information is provided by Greater Fort Lauderdale REALTORS®
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which Chane Realty Inc. participates. The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than Chane Realty Inc. are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
 
 

Contact Us

New Construction

New Homes 2018

Bigger Place?