The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more?
Here’s a look at what several industry-leading experts have to say.
Lawrence Yun, Chief Economist, National Association of Realtors
“Home sales continue to amaze, and there are plenty of buyers in the pipeline ready to enter the market…Further gains in sales are likely for the remainder of the year, with mortgage rates hovering around 3% and with continued job recovery."
Frank Martell, President and CEO, CoreLogic
"Homeowners’ balance sheets continue to be bolstered by home price appreciation, which in turn mitigated foreclosure pressures…Although the exact contours of the economic recovery remain uncertain, we expect current equity gains, fueled by strong demand for available homes, will continue to support homeowners in the near term."
“Zillow's predictions for seasonally adjusted home prices and pending sales are more optimistic than previous forecasts because sales and prices have stayed strong through the summer months amid increasingly short inventory and high demand.The pandemic also pushed the buying season further back in the year, adding to recent sales. Future sources of uncertainty including lapsed fiscal relief, the long-term fate of policies supporting the rental and mortgage market, and virus-specific factors, were incorporated into this outlook.”
“Zillow's predictions for seasonally adjusted home prices and pending sales are more optimistic than previous forecasts because sales and prices have stayed strong through the summer months amid increasingly short inventory and high demand.
The pandemic also pushed the buying season further back in the year, adding to recent sales. Future sources of uncertainty including lapsed fiscal relief, the long-term fate of policies supporting the rental and mortgage market, and virus-specific factors, were incorporated into this outlook.”
Many economists are in unison, indicating the housing market will continue to fuel the economy through the end of the year, maintaining this unprecedented strength.
Join in Lobstermania at the Ocean Reef Club this July 29th and July 30th.
VALUABLE INFORMATION - Link to Monroe County Sheriffs Office Lobster Mini Season Information
This July 29 marks the beginning of Ocean Reef 'Lobstermania.' Although it's a short two day precursor to the official opening of Lobster Season in August, it's the perfect reason to indulge in a month-long rental or purchase of a home at North Key Largo Real Estate's private fishing and golf club. How else will you catch and consume your delicious fresh Florida Spiny Lobster?
LOBSTERMANIA - untangle the secret of how to net the right sized bug...and you get a madcap weekend full of fun competitions, prizes and activities. It's always the last Wednesday and Thursday of July - when the Florida Keys in general and Ocean Reef Club in particular, go crazy for lobster.
Members of the Ocean Reef Club and their guests are offered two days to forage and then feast! While the focus is on the hunt for lobster – there is life beyond the bug.
Lobstermania, for those who want to relax as the festivities unfold offers an alternative schedule. But for the adventuring crustacean hunters among you - once you have your bag limit - drop your catch off by 5pm and return later to enjoy a freshly prepared dinner.
LOBSTERMANIA TWO-DAY COMPETITION WEDNESDAY, JULY 29 & THURSDAY, JULY 30
9:00AM – 4:00PM
Heaviest lobster wins in this two-day competition. Bring your bugs to the weigh scale outside Orvis, dock side to enter this complimentary competition. Details: 305-367-6526
THURSDAY, JULY 30 5:00 P.M.
All weigh-in participants invited.
WEDNESDAY, JULY 29 & THURSDAY, JULY 30
ISLANDER, GIANNI & BURGEE BAR
Drop your lobster off by 5:00 p.m. and return to enjoy a succulent dinner, freshly caught with your own two hands.
Link to Florida Fish & Wildlife Conservation Commission Lobster Mini Season Informational Film by FWC Officer Bobby Dube
Beyond the excitement of a fresh-from-the-ocean delicacy only available here in the Florida Keys, there is everything else to love. When you can fly right into the Ocean Reef Airport's private 4,000 ft runway, perhaps it isn’t unreasonable to throw your catch in a cooler and bring it home with you.
But why leave when the good life and luxury surround you? The immaculately tended, well-masterminded homes, the nature, the azure blue water that wraps and weaves its glistening way throughout this North Key Largo private fishing and golf club all beckon you to stay.
LAUNCH YOUR BUG HUNT FROM YOUR DOCK & GO
The scene here fits perfectly with the concept of epic Yoga sunrise and sunset poses. Whether you want to hunt lobster or immerse yourself in golf, fishing, tennis or croquet. The hustle of Miami is 60 miles away! And the rich culture, both literary and piratical, of Key West is 120 miles straight down US1.
And although the Ocean Reef Club marinas are occasionally home to south Florida’s largest collection of mega-yachts, the way the Equity Members feel about keeping their sanity intact, it’s no surprise it’s incredibly peaceful and with a dress code, rather well-heeled.
Truly, the Ocean Reef Club is a place in which to invest. This is a one-of-a-kind experience that many do find difficult to leave behind. So the quandary is to buy and live, to buy for investment, or to rent once in a while?
As ‘Lobstermania’ presents the good life, and a perfect opportunity to sample the adventure surrounding you here with a test of one's bug hunting skills. It also offers the opportunity to contemplate one's options.
Come and see North Key Largo Real Estate at the Ocean Reef Club. Enjoy the fabulous family friendly festivities on offer.
To keep up with the Watsons follow their antics on Instagram and Facebook. Staying up to date with events on The Reef in these interesting times has never been easier with the Ocean Reef Press. Don't lose sight of home prices and new listings in this always interesting marketplace.
Watson Luxury Properties is based at Ocean Reef, right on the Golf Course! We are North Key Largo Real Estate's property experts who really 'Know The Reef.'
We know Real Estate at the Ocean Reef Club as well as Ocean Reef Club Rental Properties. Specialists in a broad field for many decades, our family team can help you with your investment or home search.
Perhaps you began your search in the nearby Key Largo Real Estate market but didn't find what you were seeking. Allow us to help you find your home in North Key Largo Real Estate's exceptional family-oriented environment.
Watson Luxury Properties at Ocean Reef Club - has been member owned and family operated since 1998
'Where Quality Service Is A Family Value'
The Watson family adheres to this adage, doggedly. We deliver client services with consistent levels of excellence.
Ask us anything, with over 50 years of combined experience in North Key Largo's exclusive Ocean Reef Club Real Estate sales and rentals, we 'Know The Reef!'
Our team is never happier than when we are out on property showings. Whether it is a water view, a slot for your boat or a peaceful golf course abode, we just know we have the perfect spot for you.
The Reef's full service marina offers a perfect place to purchase a slip for your boat. It is a world class marina and boasts some of the world's most elegant and quietly famous, beautiful yachts.
13B FAIRWAY LAKES - WITHIN STRIKING DISTANCE OF THE GOLF COURSE
PERFECTLY APPOINTED MARINA SLIPS FOR EASE OF ACCESS
Our two championship golf courses offer open fairways and beautiful foliage - with some challenging greens. What about a game of Golf this Independence Day weekend? Come see a little slice of heaven from your golf cart on our beautiful award-winning landscaped roads and pathways. This oasis never gets tiresome.
MICHAEL WATSON - ALWAYS IN THE SPORTING FRAME OF MIND
Because we are family operated we know a real estate showing is never 'just' a showing.
Please join us for a true lifestyle experience, by way of a showing. If your search for Premium Key Largo Real Estate didn't satisfy your tastes, we are happy to offer Ocean Reef Club Real Estate listings to improve the day.
And if COVID travel is restrictive we offer the ever more popular, increasingly effective virtual 'in person' tours
FABULOUS FEATURE? WE THINK SO! For your piece of paradise think about this water front land. This one is on the market and waiting for you. What an open water view too! Start building your dream home now in the friendly and safe confines of the Ocean Reef Club. We can't say enough good things about this view and the potential for your future enjoyment here.
Of course our family team would love to meet you to discuss your options. Our slower pace can really do wonders for everyone's state of mind. in particular clearing ones own mind to ascertain what is truly going to make you and everyone you love and cherish, absolutely happy.
North Key Largo Real Estate as it is known to locals offers buyers premium listings wrapped in this special environment. Watson's team offer condominiums, and homes with or without yacht slips, as well as waterfront homes, wooded hammock homes and homes with that great Golf Course view.
One feature many love about The Reef is 'safety.' The Reef is a well managed haven of elegance and a way of life that truly welcomes families within the community.
You can find us at 9 Barracuda Lane, Key Largo or call us and we would be happy to meet you socially. Perhaps join us you over the Independence Day weekend. Chat with us during Tee time on the Golf course. Or with lines in the water, we love to spend time in and on the ocean.
Enjoy Summer Golf - or just golfing in general - we've discovered that choosing to get your game right starts here. It really really does. Especially with the Big Cups Golf Tournament. A tradition not to be missed.
From Scott Kirkwood, Director of Golf, from the "Golden Tees""We have an exciting slate of summer tournaments this year, and the next one is coming up on Saturday, July 4. The annual Independence Day Big Cup Golf Tournament will be held on the Dolphin Course.
'You can make your own tee-time on ForeTees and the format will be individual stroke play. The catch is, the holes will be much larger than normal, more than twice the size! See how low you can go with our always popular Fourth of July tradition,' says Kirkwood.
If you are in love with the idea of Golf but cant imagine yourself out there, for love nor money, with no clue what to do. Or have played before but know you can do better, consider a training session with Derek Swoboda, who talks about Bioswing Dynamics and the Blueprint For Your Golf Swing. He is going to measure your Shoulder Plane, Torso Plane and Hip Plane and then you'll get to see how good you can really be.
North Key Largo is our Ocean Reef Club home and here at Watson we are so excited for the upcoming Independence Day 2020 events, primary amongst them would be the fireworks on Buccaneer Island from 9pm to 930pm. If you aren’t scheduling something from the list golf, fishing, shopping, drive in movie, this year it's Robin William's in 'Jumanji' it's not too late to register for Independence Day 2020 Ocean Reef activities.
Or simply arrive and enjoy. And what fabulous choices. Whether it's a new home or a fun Independence Day weekend with family and the possibility of a prime piece of Ocean Reef Club Real Estate. We hope you enjoy the decades of expertise presented to you by the member owned, family operated Watson Luxury Properties team. And we can't wait to meet you. We are here and loving the life, ready to share that enthusiasm with you.
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