Greg Englesbe

High mortgage rates, home prices leave home buyers in lengthy limbo

Entering 2024, many prospective home buyers were optimistic about the possibility of mortgage rates declining enough for them to broaden their options when house shopping. But entering the typically busy spring market, the Federal Reserve still hasn’t moved to slash the benchmark interest rate that tends to pull down mortgage rates with it. There’s still […]

Celebrating milestones is key to succeeding in business.

In today’s fast-paced, competitive business environment, the need to continually adapt to market conditions and stay ahead of the curve often leaves little time to reflect on the things we’ve achieved along the way. But celebrating milestones is important for many reasons. Too often, business owners get so caught up in the day-to-day hustle that […]

See the world’s most beautiful Ferraris while giving back to the community

This weekend, Jan. 25-28, I’ll be attending The Cavallino Classic at The Breakers in Palm Beach. Please join me for a beautiful weekend admiring the world’s most beautiful Ferraris in an exquisite resort setting. Since 1992, the Cavallino Classic has served as the foundation for preserving Enzo Ferrari’s legacy and is a great way to […]

Generational gulf grows wider for ‘large homes’ in the U.S.

The U.S. real estate market has been an obstacle course for many young people seeking to buy homes, particularly those with enough room for children. The combination of low home supply, rising prices and high mortgage rates poses persistent challenges for Millennials and Gen Zers beginning to start families and enter the housing market. The […]

Is there a magic number for mortgage rates to jolt home sales?

The end of 2023 has brought the first hints of a softening of the housing market that could awaken buyer demand and entice more home owners to list their properties for sale. The average rate for the 30-year fixed mortgage fell again this week to 6.61%, now down more than a full point from 7.79% […]

Greg Englesbe

Greg Englesbe Real Estate makes a generous donation at event benefitting Marine Toys for Tots and Admirals Cove Foundation

In the spirit of holiday giving, Greg Englesbe Real Estate donated toys and resources at an event benefitting Marine Toys for Tots and Admirals Cove Foundation. “I was honored to support these two special organizations that bring smiles to children’s faces and strengthen our community,” said Englesbe. “When communities come together, we can make a […]

Existing home sales fall below projections, but prices climb

High mortgage rates continue to result in slumping U.S. home sales, which fell another 4.1% in October and hit an annualized rate of 3.79 million units. The latest data from the National Association of Realtors show that the annualized rate is 14.6% lower than last year and comes up short of the 3.90 million units […]