News & Events
The official blog site of Michael Brue, South Florida Real Estate.
Many credit card issuers are allowing customers to opt into financial relief programs online. These programs are a convenient way to access short term relief. But it could come with a long term cost as many cardholders will continue to see interest accrue. With the average credit card interest rate sitting at 16.04%, cardholders might find more cost-effective relief through other options.
Is the Economic Recovery Already Underway? The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic.”
Are You Ready for the Summer Housing Market? As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the pace of a typically busy spring real estate season. Mark Fleming, Chief Economist at First American notes:
Is a Recession Here? Yes. Does that Mean a Housing Crash? No. On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:
Real Estate Will Lead the Economic Recovery. With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country begins to turn around, many experts also agree that real estate has the potential to lead the way in the recovery process.
The Shocking News in the Unemployment Report. Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked.
Three Things to Understand About Unemployment Statistics. Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate. It will be a horrific number. Many analysts believe unemployment could be greater than 20%. These numbers represent families across the nation that are not sure when (or if) they will return to work. The emotional impact on these households is devastating.
Is it Time to Sell Your Vacation Home? The travel industry is one of the major sectors that’s been hit extremely hard by the COVID-19 pandemic. Today, it’s hard to know how long it will take for summer travelers to be back in action and for the industry to fully recover. Homeowners who rent their secondary properties on their own or through programs like Airbnb, which has over 660,000 listings in the U.S. alone, have been impacted in this challenging time. Some of these homeowners are considering selling their vacation homes, and understandably so.
Home Prices: It’s All About Supply and Demand. As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come.
The Benefits of Homeownership May Reach Further Than You Think. More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.
Economists Forecast Recovery to Begin in the Second Half of 2020. With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned on when the recovery will begin.
Why This Summer Is the 2020 Real Estate Season. With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate.
Buying or Selling a Home? You Need an Expert Kind of Guide. In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate through the process. You need someone you can turn to who will tell you how to price your home correctly right from the start. You need someone who can help you determine what to offer on your dream home without paying too much or offending the seller with a low-ball offer.
Experts Predict Economic Recovery Should Begin in the Second Half of the Year. One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half of this year. Here’s a look at what some of the experts have to say. Jerome Powell, Federal Reserve Chairman
6 Reasons Why Selling Your Home on Your Own Is a Mistake. There are many benefits to working with a real estate professional when selling your house. During challenging times like the one we face today, it becomes even more important to have an expert help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner or FSBO, please consider the following:
Housing Market Positioned to Bring Back the Economy. All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary.
#1 Financial Benefit of Homeownership: Family Wealth. While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the home. So, what exactly is equity?
The equity in your home is the amount of money you can sell it for minus what you still owe on the mortgage. Every month you make a mortgage payment, and every month a portion of what you pay reduces the amount you owe. That reduction of your mortgage every month increases your equity.
Will the Housing Market Turn Around This Year? Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If you’re trying to figure out what’s going to happen and how to play your cards this year, you’re not alone. This spring in the 2020 NAR Flash Survey: Economic Pulse, the National Association of Realtors (NAR) has been tracking the behavior changes of homebuyers and sellers. In a reaction to their most recent survey, Lawrence Yun, Chief Economist at NAR, noted the beginnings of a turn in the market:
A Surprising Shift to the ‘Burbs May Be on the Rise. While many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today are beginning to rethink their current neighborhoods. Being in close proximity to everything from the grocery store to local entertainment is definitely a perk, especially if you can also walk to some of these hot spots and have a short commute to work. The trade-off, however, is that highly populated cities can lack access to open space, a yard, and other desirable features. These are the kinds of things you may miss when spending a lot of time at home. When it comes to social distancing, as we’ve experienced recently, the newest trend seems to be around re-evaluating a once-desired city lifestyle and trading it for suburban or rural living.
Unemployment Report: No Need to Be Terrified. Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher.
Will Home Values Appreciate or Depreciate in 2020? With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item.
U.S. Homeownership Rate Rises to Highest Point in 8 Years. For nearly two months, most of us have been following strict stay-at-home orders from our state and local governments. It is a whole new way of life that has put our daily lives on pause. On the other hand, many of us have also found a sense of comfort by slowing down and spending time at home, highlighting the feeling of security that comes with having a much-needed safe place for our families to live.
SCRIPTS: Credit Protection. Right now, your clients are looking for encouragement, ways to keep spirits high, tips for cutting expenses, and valuable advice for navigating this new normal. To help you showcase your expertise and stay connected to your sphere, we’ve put together a collection of timely, client-facing marketing assets below. Copy and customize with any specific messages you’d like.
SCRIPTS: Your Financial Health. Right now, your clients are looking for encouragement, ways to keep spirits high, tips for cutting expenses, and valuable advice for navigating this new normal. To help you showcase your expertise and stay connected to your sphere, we’ve put together a collection of timely, client-facing marketing assets below. Copy and customize with any specific messages you’d like.
SCRIPTS: Get Your House Ready Now, Sell Later. Right now, your clients are looking for encouragement, ways to keep spirits high, tips for cutting expenses, and valuable advice for navigating this new normal.
Why the Housing Market Is a Powerful Economic Driver With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process.
SCRIPTS: VIRTUAL HOME TOURS. Here are some scripts for right now. Your clients are looking for encouragement, ways to keep spirits high, tips for cutting expenses, and valuable advice for navigating this new normal. To help you showcase your expertise and stay connected to your sphere, we’ve put together a collection of timely, client-facing marketing assets below. Copy and customize with any specific messages you’d like.
Buying a Home Right Now: Easy? No. Smart? Yes. Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed:
Rise to the Top of the Pool by Selling Your House Today. With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers.
What Impact Might COVID-19 Have on Home Values? A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy.
Keys to Selling Your House Virtually. In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house
Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover?
Why Home Office Space Is More Desirable Than Ever. For years, we’ve all heard about the most desirable home features buyers are looking for, from upgraded kitchens to remodeled bathrooms, master suites, and more. The latest on the hotlist, however, might surprise you: home offices.
What If I Need to Sell My Home Now? What Can I Do?
Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell your home – and fast.
Relief is coming! The Coronavirus Relief Act just passed both the senate and the house that is bigger than FDR’s new deal! Which I am sure has many of you questioning, what does this mean for my family, clients and business.
This Is NOT The Market Of 2008.
There’s a lot of evidence showing that today’s housing market is nothing like it was during the recession of 2008. Check out this video that highlights some of the difference from now and then. While market shifts can often be very scary sounding, I am here to show you how to prepare.
Technology is changing the game, what the home-buying and selling process looked like before technology became main-stream looks entirely different from the unlimited information provided at our fingertips now. Potential homebuyers would pick up real estate magazines at their local diner or search the classified section in the newspaper for their new home. Yes, these were simpler times, but they were also so much more uncertain.
Have you ever looked a tiger in the eye? I’m speaking metaphorically about the ability to face a new challenge with the mindset of a winner. Mindset is an established set of attitudes held by someone, and it truly is the new baseline in the psychology of success....
2020 is a great year to land your dream home and invest in the housing market for many reasons. First and foremost, interest rate projections stay consistent for the rest of the year. It’s also an election year, which means the federal government usually takes a backseat to the campaigns and elections.
Tax Season is here! Doing taxes can be a daunting task when you are a 1099’d independent contractor. Below are my top 6 Tax Tips for Realtors. Read below to find out how can you prepare, and what is essential? Don’t forget taxes need to be filed by April 15th, just 3...
SET GOALS WITH INTENTION, ON PURPOSE. Are you tired of hearing about New Year's resolutions already? Are you sick of hearing about the statistics, that nearly 75% of people give up on their resolutions by February? You’re not alone! Instead, let's set intentions for...
Closing in on a new year can be an excellent time for reflection on your business goals. If you’re up for the challenge, take a moment to run a “wellness check” on your business. Where do you stand on taking advantage of opportunities that come?
Leads are the heartbeat of any profitable real estate business and generating new leads can often seem overwhelming. There are 1,000's of ways you can get leads for your business, but over the years I have narrowed it down to five recession-proof ways of obtaining...
Coaching bridges the gap between education and experience. Companies can partner their productivity coaches with their overall goals and produce a team that matches their organizational goals and mission.
Your database is vital to being successful in the Real Estate business. However, turning your database into your client base will be crucial in determining your long-term success in Real Estate. Here are 5 tried and true tips on how to start, grow and work your...
How you hire or do not hire does matter. What are your reasons for wanting to sell your house without a REALTOR®? Are you trying to save money by not having to pay the listing agent’s commission? Do you want to be in control of the process? Are you afraid you will feel stuck in a contract with an agent who you don’t like? Do you think you can speak most knowledgeably about your home?
The high demand for agents puts real estate agents in a unique position of power and responsibility. It is essential to do your homework and interview at a few brokerages, and not commit to the first one that offers you the world.
What sets the greats apart from the average? Is it luck? Is it timing? Not quite. It was Thomas Jefferson who said, “I find the harder I work, the more luck I seem to have.” This idea is especially true in real estate.
For years I have been approached and asked: "How have you been able to build your brokerage from 25 agents to over 1,100, and expand from one market center to five?" I never really thought about it and so I would just avoid this question. I did what I knew best, I...
We will only be able to call in what we can first totally respect. So ask yourself what is that you want, respect and desire?
Living with an unusual amount of Passion isn't always easy. Sometimes people will take your focus away from Why, as they get caught up in the how. Remembering WHY we do what we do will always place you back on Path. You see each step we take in...
Focused, Driven and Goal Oriented! Can all be great attributes, but they will only take you to your natural plateau of good. We must make sure that what we are thinking about is in total alignment with what we ultimately desire. For it is your...
We do not take to our grave any material wealth . TIME is our most precious treasure because it is LIMITED. We can produce more wealth, but we cannot produce more time. When we give someone our time, we actually give a portion of our life that...
Please check this amazing video to see why you belong in Keller Williams Realty.
When I look back on my life, I am thankful for all parts. Not just the warm loving parts but the true painful parts as well. My father left when I was 8. At that time I was devastated and didn't even realize what or why. Looking back I find myself being...
"People with clear, written goals, accomplish far more in a shorter period of time than people without them could ever imagine." - Brian Tracy It doesn't matter where or how you write it down but write it down. On a napkin, scrap piece of paper...
So I started out this year asking myself how do you go from good to great! What I wanted to know is, was it simple or yet a complex make over that would boost my Real Estate Business and overall Life. One of the questions I asked was what was important to me as man,...
Targeting breeds not to insure, will never work because there is no applied logic. People should have equal right to own whichever breed they choose. I do believe in requiring proper front door and rear yard barriers in order to insure that is LOGIC! And insurers...
Turn a dream into a wish, a wish into a goal, a goal into reality and you will make your dreams come true. I will always remember that I have the ability to make all my dreams come true and the magic is in goal setting. I will develop the consistent habit of setting...
Winston Churchill gave a speech to high school students in 1941 that consisted of the following words, “Never give in, never give in, never, never, never, never, in nothing, great or small, large or petty , never give in except to convictions of honor and good sense.”...
Don’t you want a smart, efficient and focused real estate agent? When you meet with a realtor what questions should you ask? It is so important to find an agent with the proper tools to get you the best possible deal for your home. But, it’s not all about the money....
We don’t hear the term “bidding wars” in relation to homes for sale as much as we did in the late 1990’s. Back then, Realtors were serving sellers offers on silver platters topped with juicy mortgage prequalification letters; but here in Palm Beach County...bidding...
"No, try not, do or do not, there is no try." - Yoda Talk is cheap. Say what you mean and do what you say. It boils down to a little six letter word; action! -Linda Pearsall
Layla, APBT Zena, AB Cane with helmet AB Joey, Havapoo, Lady, APBT other Layla Boxer mix and Jaden child who thinks she's a pit!
Jules and Dad!
How cool is this!
KW Commercial is now hiring Commercial and Business Brokerage Specialists right here in Jupiter. KW Commercial has expanded worldwide and now includes Business Brokerage here in Jupiter. If you know someone who specializes in Commercial or Business that understands...
KW Luxury Division in Jupiter is now accepting applications from High Quality Luxury Agents that are consistently working the luxury market clientele that would like to own their own business but have the support of an International Company and Powerful Worldwide...
I write this not as a Broker, GM, Recruiter, Realtor but rather as someone who just wants to share this with you. This is a tribute to my Father, Michael J Brue, Sr. The best way a father gives advice to his children, is to listen to what they want and advise them to...
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