Jul 18, 2013 | BUYER'S ADVICE, IN THE NEWS, MIAMI MARKET CONDITIONS
The average rate on a 30-year fixed mortgage rose to a 2 year high this week, to 4.51 %. Rates have been rising steadily this year. Two months ago, the rate was 3.35% and 4.25% just last week. The average 15-year fixed mortgage rose from 3.39% last week to 3.53% this...
Jul 17, 2013 | BUYER'S ADVICE, LUXURY & WATERFRONT PROPERTY, MIAMI MARKET CONDITIONS
It seems as though the era of Pre-Construction is making its way back to the real estate scene. There are many developments to be built in the next few years, and a good number of them are being snatched up quickly. The Porsche Design Tower in Sunny Isles (scheduled...
Jun 6, 2013 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, NEW LISTINGS
At the very top our list yesterday afternoon, was a charmer in Coconut Grove. Wednesdays are typically when real estate agents open and host “broker’s opens” for houses we’ve recently listed … We hold new listings open for other...
May 30, 2013 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, MORTGAGE & FINANCING, REAL ESTATE NEWS
Why are appraisals no longer derailing real estate transactions? In South Florida there seem to be two reasons: 1) Appraisals are coming in higher now than they have been in the past few years. 2) Even when appraisals come in below contract price, buyers seem to...
May 29, 2013 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, NEW LISTINGS, REAL ESTATE NEWS
There are 22 homes listed right now in the MLS for lease in Pinecrest, Florida. But there are fewer than 22 actually available to choose from. Many of the “listed” properties are under contract … Status updates tend to dribble in slowly to the...
May 23, 2013 | BUYER'S ADVICE, HOME MAINTENANCE & REPAIRS, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
The National Association of Realtors indicates home values are on the rise… with home prices up by 11.6%. Sales prices are rising… as inventory drops. Vacant lots that were listed for sale years back (then taken off the market during the housing crisis:...