Page 16 - Palm City Spotlight - March '22

Page 16, Palm City Spotlight

reaL estate

Treasure Coast Real Estate for the next real estate collapse. That game plan backfired As far as potential sellers are concerned, they may
Report when they saw their rents go up as much as 40 percent. not want to postpone selling any longer. Although they
enjoyed double-digit appreciation for several years, it is
Florida also is still seeing an increase in buyers fleeing
high tax states. This became a serious issue for some people predicted that those days are over.
Foreclosures And Pre-Foreclosures Will when in 2018 the Federal Tax Cuts and Jobs Act instituted a Jim Weix is a broker associate with The Keyes
Increase Inventory Of Homes For Sale $10,000 cap on deductions for such things as state income Company. Jim has 25 years of experience selling real
tax and property taxes. Previously, there was no limit. Add estate full time. If you have questions or want the services
By Jim Weix to that warm weather and sunshine, plus no state income of an experienced expert, you can reach Jim at (772)
It should come as no tax, and Florida is a pretty attractive place to live. 341-2941 or jimweix@jimweix.com.
surprise that foreclosure
filings and foreclosures
would increase once kIds corner
the pandemic created
restrictions on foreclosure
actions ended Dec. 31.
Lenders repossessed 4,784 Every Attention Problem Is searching for them. That’s a memory weakness and
U.S. properties through not an ADD moment. Thus, if your child has difficulty
completed foreclosures in Not ADHD remembering verbal directions you might think he
January 2022, up 57 percent is not paying attention when the root cause is not
from December 2021 and 235 percent from last year. By Jim Forgan, Ph.D., remembering what you said.
Florida saw the greatest number of foreclosure starts School Psychologist Other kids have slower cognitive processing speed
in January 2022 followed by California with 1,226 Not all kids with so they hear but it takes extra time to register and
foreclosure starts, Texas with 1,003 foreclosure starts, attention problems process. In our fast-paced society people have limited
Illinois with 757 foreclosure starts, and Ohio with 665 have ADHD. We test patience for dawdling so kids that process slower are
foreclosure starts. Lenders started the foreclosure process kids of all ages because frequently being told to hurry up. Some kids have
on 11,854 U.S. properties in January 2022, up 29 percent parents are concerned underlying language processing weakness so they hear
from December 2021 and 126 percent from a year ago. about their child’s lack your verbal directions but, despite their best effort, the
Does the increase in foreclosure and pre-foreclosure of attention or high words don’t always make sense. These weaknesses can
activity, plus higher mortgage rates, mean that Florida is activity level. ADHD mimic attention problems.
headed for another real estate collapse? Most definitely occurs from mild to We can match the correct support when we test
not. About the only thing that will happen is that buyers severe and it can be and identify your child’s root problem. If your
may have more homes to choose from and real estate diagnosed in children as young as 5. The most common child’s memory is weak you can strengthen it through
values may begin to stabilize. age range for testing is 6 to 16. activities or strategies. If attention is the cause then
Unlike the days of “Liar Loans,” when the real estate Testing provides answers so you have understanding you can consider nutrition, supplements, or discussing
industry collapsed, most mortgages today are solidly to know if your child’s attention difficulty is due medications with your medical doctor. If it’s language
backed by real estate values. Even people that are to behavior or a weak processing system. Attention processing then it could be helpful to work with a
delinquent in their mortgage and facing the prospect of is highly related to memory, processing speed, and speech therapist.
a foreclosure will most likely be able to sell their home language processing. Your child’s attention struggle We help parents help children and offer ADD/
and still walk away with money in their pocket. could be a weak memory system. Think about ADHD, dyslexia, learning disability, anxiety, and IQ
Although there may soon be more inventory for buyers yourself. If you place your car keys in a different spot testing. Learn more at JimForgan.com or call (561)
to choose from, there is also going to be more buyers. Some each time you return home, you frequently might be 625-4125.
of these are people that decided to keep renting and wait