Monday, September 23, 2013

Parkland Florida & Coral Springs Florida :The chicken or the egg of Real Estate in South Florida

The chicken or the egg of Real Estate in South Florida

Since April 2013 we in Florida and the country in general have found that real estate values were escalating some say into another bubble and other say just a normal high after being at such a low for so long. This was spear headed by the new construction in many states and resale homes selling at a nice pace if they were priced at value, combined with interest rates being the lowest in history.

 Rising property values and a flurry of new construction have restored profitability to markets whose collapse sent South Florida’s economy into a tailspin. Even last year which showed signs of promise did not have interest rates that were in the low 3% range and escalation of value swing up in homes appraising at higher than the sales price. Finally as interest rates went up in the last 90 days we saw the bubble burst and the local market did not stop but without a doubt slowed down since mid Augusts, as rates climbed to their highest level in 2 years, which is still historically low.

 For those buyers who did not wish to be buying in the middle of a bubble and thought values would go down when things slowed down this is not happening. Instead the values are staying steady and escalating to the degree they were which looked like around 20 percent per year or 2 percent per month for the first 6 months of the year. With Ben Bernanke  resolve to keep our economy going and keeping interest rates low we feel he will try to keep them in the 4 percent range giving buyers on the sidelines still time in the next 4 to 6 months to get into the real estate market and take advantage of todays great values before they are gone !
article by  Lea Plotkin & Rubin Wites
954-802-8451 or email

Parkland Florida  & Coral Springs
Florida Real Estate

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Read more click here on our Parkland & Coral Springs Blog. book mark it . we keep it up to date weekly.
New construction allows you to lock in the price today so when it closes in 10 to 12 months or more depending on the builder and where the home is, you have a built in profit-but at what interest rate? A lot to think about and it is much easier when you have a professional to bounce things off.

If you are planning on buying a home in South Florida or Selling one, the Team of Lea Plotkin and Rubin Wites, Realtors with Prudential Florida Realty are the realtors you should speak to:  954-802-8451 or or

Monday, September 16, 2013

Florida Insurance with Citizens is going away Real estate in Parkland Florida & Coral Springs Florida will be affected

This is a very important article on your home insurance in Florida with the state run insurance called Citizens which was not that great anyways to be gone in the next few years and your choices with other private insurance companies to be available to you #parklandflorida#RealEstateinParklandFlorida. Gilway to Citizens policyholders: Please leave - South Florida Sun-. Gilway to Citizens policyholders: Please leave - South Florida ^LP Gilway to Citizens policyholders: Please leave Barry Gilway is a decidedly rare breed: A chief executive who really wants you to take your business to one of his competitors. When you get that letter form your insurance company saying you will be given to another you have options. please read the article. let us know your thouhgts

Tuesday, September 10, 2013

Parkland Florida & Coral Springs Florida Home owners will not sit on the Fence forever

Homeowners in Parkland Florida or Coral Springs Florida have seen their home values rise to  between 10 percent positive equity and 10 percent negative equity in their present homes these  account for 15-18 percent of all Parkland Fl and Coral Springs Fl  homeowners with a mortgage as of the beginning of September.
Heron Bay Home in oldebrook by Lea Plotking & Rubin Wites
Heron Bay 
This  pretty much mirrors  the nationwide home statistic.   In the cities of Parkland  Florida  and Coral Springs Florida  Florida the total active home  inventory is 401  single family homes.  In that number there are  38 active short sales and 20 active Foreclosures.  This is a very small number of underwater homes relative to past years. The prices in our northwest corner of Broward are steadily rising. You will be surprised at the values you can get today .  Call us 954-802-8451 or email us    for a Comparative market analysis of your home. There is no obligation.
Parkland  FloridaTotal active homes:164 with 53 of them listed  over 1 million
& 20 homes in parkland Florida  listed at over 2 million
In Coral Springs   there are 237 homes on the market with  6 of them listed at over 1 million.
Rates are historically still low and mortgage money is available.  There are strategies we have that will allow you to  buy a home and list your home for sale Call Lea & Rubin to find out more details. (954-802-8451)

"Nearly one in four homeowners in foreclosure has at least some equity, "giving them a better chance to avoid foreclosure without resorting to a short sale," Mr. Blomquist said.
"Steadily rising home prices are lifting all boats in this housing market and should spill over into more inventory of homes for sale in the coming months," said Daren Blomquist, vice president at RealtyTrac. "Homeowners who already have ample equity are quickly building on that equity, while the 8.3 million homeowners on the fence with little or no equity are on track to regain enough equity to sell before 2015 if home prices continue to increase at the rate of 1.33 percent per month that they have since bottoming out in March 2012." RealtyTrac. "

If you are planning on buying a home in South Florida or Selling one, the Team of Lea Plotkin and Rubin Wites, Realtors with Prudential Florida Realty ( soon to be Birkshire Hathaway Home Services )are the realtors you should speak to:  954-802-8451 or or

Wednesday, September 04, 2013

Parkland florida and Coral Springs florida

Parkland Florida and Coral Springs Florida :during these first few 
weeks of school there will be changes 
I found this on another blog and found it nurturing. 

Please feel free to share and comment.

As a man was passing the elephants, he suddenly stopped, 
confused by the fact that these huge creatures were being held
 by only a small rope tied to their front leg. No chains, no cages.
It was obvious that the elephants could, at anytime can break 
away from their bonds but for some reason, they did not.

He saw a trainer nearby and asked why these animals just stood 
there and made no attempt to get away. “Well,” trainer said,
 “when they are very young and much smaller we use the same
 size rope to tie them and, at that age, it’s enough to hold them. 
As they grow up, they are conditioned to believe they cannot
 break away. They believe the rope can still hold them, so they
 never try to break free.”

The man was amazed. These animals could at any time break
 free from their bonds but because they believed they couldn't
, they were stuck right where they were.

Like the elephants, how many of us go through life hanging onto
 a belief that we cannot do something, simply because we failed 
at it once before?

originally blogged by Jason Stewart (Stewart Estates):

Best regards
Lea Plotkin & Rubin Wites || Prudential Florida Realty  
2780 University Dr CS Fl 33065 P:954-802-8451|E: leaplotkin@gmail.comLea Plotkin |      
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