Aug 22, 2014 | COMMUNITY INFORMATION, MIAMI MARKET CONDITIONS
In a recent report release by Florida Realtors, the housing market in Florida had increased inventory and rising median prices in July. The figures show a 5% increase (from July 2013) in single family homes that closed statewide, totaling 22,099. Overall, inventory...
Jan 31, 2014 | IN THE NEWS, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS
“The median price of a single-family home in Miami-Dade increased 19% during 2013, while the median price of a condo in Miami-Dade increased 12%. We have had double-digit annual median price increases for over 24 months for both single-family homes and condos...
Jan 29, 2014 | BUYER'S ADVICE
According to the Associated Press, in an article from January 27, 2014, home sales in 2013 were the highest they’ve been in five years. It was the second year that sales were up since 2008. Analysts are predicting that the number of sold homes will continue to...
Jul 24, 2013 | BUYER'S ADVICE, IN THE NEWS, REAL ESTATE NEWS
In a new study, it seems that Millennia’s are more confident than any other age group about purchasing a home being a good investment. The Millenia generation consists of Generation X – those born between 1965 and 1969, and Generation Y- those born between...
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...
