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Cyndi Shaw's Blog

By Cyndi Shaw, PA | Agent in Boca Raton, FL
  • Home Sales, Prices Paid Jump In Boca Raton

    Posted Under: Market Conditions in Boca Raton, Home Buying in Boca Raton, Home Selling in Boca Raton  |  October 17, 2012 1:03 PM  |  135 views  |  No comments
  • Trulia IPO

    Posted Under: Market Conditions, Using Trulia  |  September 20, 2012 1:53 PM  |  105 views  |  No comments

     

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    Trulia Inc. (TRLA), the first initial public offering in over a month, is making quite a debut after opening higher by 30% on the New York Stock Exchange this morning. Shares of the online real estate listing company opened at $22.10 after pricing at $17 a piece last night; above the targeted range of $14 - $16. In IPO filings the company reported a loss of $7.6 million on revenue of $29 million in the first half of the year.

    Though they're not turning a profit yet, user growth and the number of visitors and subscribers remain promising and today's over 40% rise underscores that sentiment. Not only is this an upbeat sign for the IPO market, it could mark improved confidence in the real estate market.

    "I think a lot of it is Bernanke pushing out rates all the way to 2015," says Jon Najarian, co-founder of TradeMonster.com, in the attached video. But, he adds, there is real demand for housing for those who can secure mortgages.

    That demand has been showing up in the Homebuilders ETF (XHB), which is up 50% this year, and 79% from one year ago. And Trulia's main competitor, Zillow (Z), carried out a successful IPO in July 2011 and has seen shares more than double this year alone, currently up 104%.

    Najarian has long positions in Lennar (LEN), D.R. Horton (DHI), and Pulte Homes (PHM), and despite strong gains already, still likes the homebuilders moving forward.

    "As far as Zillow versus Trulia, I think Zillow is moving to the upside because the more people are going to use these websites, the better chance that we are seeing that [housing] recovery," he says. "If indeed Trulia is able to do the same, then I think we're going to see a turnaround in housing that's very strong."

    http://finance.yahoo.com/blogs/breakout/trulia-shares-soar-over-40-ipo-shines-light-174029177.html

  • New home VS. An older home

    Posted Under: Home Buying in Palm Beach County, Home Ownership in Palm Beach County  |  August 29, 2012 2:53 PM  |  142 views  |  No comments

    You have to decide.....New or Old....

    When buying a new home (Pre- Construction) you get the discounts on the insurance because of the building codes are up to date. 
     Plus, most developers will give you incentive's by using their in house lender.

    When buying a resale your Realtor must be a good negotiator and get the best price and terms they can for their buyer.

    Cyndi Shaw, PA
    (561) 289-6655
    Coldwell Banker
  • Rent or should I buy?

    Posted Under: Home Buying in Palm Beach County, Rent vs Buy in Palm Beach County, Property Q&A in Palm Beach County  |  August 29, 2012 2:31 PM  |  173 views  |  1 comment
    Is it financially wise to rent or should I buy if I have the down payment?

    Cyndi Shaw
    Coldwell Banker
    (561) 289-6655
  • Sellers Market

    Posted Under: Market Conditions in Boca Raton, Home Buying in Boca Raton, Home Selling in Boca Raton  |  August 9, 2012 12:57 PM  |  230 views  |  3 comments


    Most people have a misconception of our market in south east Florida.
     Our real estate market has turned into a sellers market. Properties are selling faster and the prices are holding strong. Don't think the banks are letting property go below market value. I have been involved with my sellers lowering their price to create a bidding war which drives the price above market value & we got more than what we were asking for the home.
    The old real estate rule always stands...Location,Location,Location!
 
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