Page 16 - Palm City Spotlight - May '22
P. 16

Page 16, Palm City Spotlight

                                                           reAl estAte




      Treasure Coast Real Estate                         the asking price gets reduced until it reaches a realistic   buyers that are downsizing and buyers that are moving
      Report                                             point. So, the market isn’t crashing, some of the homes   here from areas where homes are much more expensive.
                                                                                                           We are seeing a lot of buyers coming from high tax states
                                                         were just way overpriced.
                                                           Sales have dropped in some areas compared to a year   like New York and California.
      No, The Real Estate Market Is Not Crashing,        ago. This is due to lack of inventory, not the lack of buyers.     So much to his dismay, I had to tell this want-to-be
      But It Might Be Adjusting                          Even people that would like to sell now are hesitant. A   buyer that there is no crash coming. The best he can hope
                                                         properly priced home will sell quickly, often with multiple   for is that we might see the double digit increases in home
      By Jim Weix                                        offers, but that doesn’t do the seller much good if they   values at an end.
        An excited want-to-be                            can’t find a place to purchase.                     Jim Weix is a broker associate with The Keyes Company. Jim
      buyer called me and said that                        There are fewer buyers due to rising interest rates. This might   has 25 years of experience selling real estate full time. If you
      he is set to go. He explained                      be true of buyers that need financing, but many buyers are   have questions or want the services of an experienced expert,
      that his searching online has                      paying cash, or have large down payments. These are local   you can reach Jim at (772) 341-2941 or jimweix@jimweix.com.
      shown that home prices are
      dropping and the crash is                                                    kids CorNer
      finally happening.
        Oh boy, not again. He
      has been predicting a crash
      for three years, which might                       Reading Comprehension                             and store it to use later when encountering new material. Thus,
      explain why he is still renting.                                                                     what type of varying experiences or knowledge are you giving
        However, I can understand why he thinks the crash   Problem?                                       your child?
      might be happening. Mortgage rates are the highest that                                                The text or books your child reads contributes to his or her
      they have been in years. Some homes are staying on the   By Jim Forgan, Ph.D.,                       understanding. Like the story of Goldilocks and the Three Bears,
      market longer and the asking prices of many homes is   Licensed School                               you don’t want the text your child reads to be too easy or too
      dropping. In some areas, the total sales of homes have   Psychologist                                hard, but just right. Find out your elementary age child’s Lexile
      dropped from the same period a year ago.             Reading comprehension                           level and pick books within that range. Learn more at lexile.com
        Yes, the asking prices of some homes has dropped.   is a complex task involving                    or talk to your local librarian.
      However, that is due to the unbridled enthusiasm of some   your child, the text, and                   The act of reading is multidimensional and includes quickly
      sellers. They see homes similar to theirs selling at record   the multidimensional task              sounding out words, reading speed, and vocabulary. If your child
      prices and list their home for 30 percent more.    of reading. These variables                       is reading aloud to you and mispronounces words, only correct
        These homes then sit on the market longer. Over time,   combine to create reading                  the words that change the meaning. Using a book at your child’s
                                                         comprehension.
                                                                                                           Lexile level, simultaneously read aloud with your child to build
                      Your ad                              Consider your child.                            reading speed. Stop periodically and take turns describing what
                                                                                                           each person is picturing in their mind as visualizing helps with
                                                         To achieve reading
              could be here!                             comprehension, your child must bring a positive mindset,   comprehension. Teach your child a new vocabulary word each
                                                                                                           week and practice using it during the week.
                                                         background knowledge, and reading skills to what they read.
                                                                                                             If you want to increase your child’s reading comprehension,
                                                         If your child is a reluctant or struggling reader, does he have a
                           Call                          positive mindset about it? If not, how can you change it?   allocate sufficient time to work on it, read with your child,
                                                           Your child’s prior life experiences contribute to reading
                                                                                                           provide varied life experiences, and work on skills. If you need
               561-746-3244                              comprehension. Consider yourself assembling furniture. When   a specialist, I have reading tutors at jimforgan.com/tutor.
                                                                                                             Dr. Forgan is a licensed school psychologist and certified
                                                         you’ve previously put together furniture, that experience helps
                                                         you anticipate assembling the new piece. Every time your child
                                                                                                           or JimForgan.com.
                                                         learns or experiences something new they make connections   dyslexia testing specialist and can help you at (561) 625-4125
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