Dec 20, 2011 | BUYER'S ADVICE, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
The average 30-year mortgage rate is tied with the lowest rate on record- 3.94%, a record set in October. This means it’s a great time to refinance your current home or to purchase a new one. Rates in 2011 have been under 5% all year, with the exception of two...
Jun 15, 2011 | BUYER'S ADVICE, FORECLOSURES/SHORT SALES, IN THE NEWS, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS
Despite what appears to be a non-stop wave of tough news regarding real estate, four major media players have come out this month with the same advice: It Is Time to Buy a Home! The Wall Street Journal: Why It’s Time to Buy CBS Money Watch: Why the Time to Buy is Now...
Feb 2, 2011 | BUYER'S ADVICE, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
The Miami Herald considers Miami to be the “top big city in which to buy a home”…. Trulia sees Miami as the #1 city in America where it is now more advantageous to buy than to rent. Good news for the local real estate market … Miami...
Dec 8, 2010 | MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
Mortgage bankers and lenders will be sad to hear that 53% of all transactions now are RENTALS. With interest rates at an all time low, homebuyers can lock in interest rates (to the tune of 4.25%) but many are opting to LEASE. And that is great news for investors...
Dec 5, 2010 | FORECLOSURES/SHORT SALES, MIAMI MARKET CONDITIONS
Zillow reports that 47.4% of all homes sold in September were distressed sales. The breakdown from Zillow shows that 27.3% were short sales and another 20.1% were foreclosures. Unfortunately, because appraisers use all available recent sales (distressed and...