Powerful Job Market Fuels Homebuyer Demand

Written by Miami Beach Condo Financing Syndicated User on May 19, 2023. Posted in Condo Financing Miami Beach, For Sellers, Housing Market Updates, Miami Beach Condo Financing.

The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger.One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, makes it clear more people are out looking at homes than there were prior to the pandemic (see graph below):And though there’s less traffic than the buyer frenzy of the past couple of years, we’re not far off that pace. There...

What You Need To Know About Home Price News

Written by Miami Beach Condo Financing Syndicated User on May 18, 2023. Posted in Condo Financing Miami Beach, For Buyers, For Sellers, Housing Market Updates, Miami Beach Condo Financing, Pricing.

The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices. The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story. Here’s why using the median home price as a gauge of what’s happening with home values...

The Worst Home Price Declines Are Behind Us

Written by Miami Beach Condo Financing Syndicated User on May 17, 2023. Posted in Condo Financing Miami Beach, For Buyers, For Sellers, Housing Market Updates, Miami Beach Condo Financing, Pricing.

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. Contrary to those headlines, home prices aren’t in a freefall. The latest data tells a very different and much more positive story. Local home price trends still vary by market, but here’s what the national data tells us.If we take a year-over-year view, home prices stayed positive – they just appreciated more slowly than they did at the peak of the pandemic. To...

Homeowners Have Incredible Equity To Leverage Right Now

Written by Miami Beach Condo Financing Syndicated User on May 16, 2023. Posted in Condo Financing Miami Beach, For Buyers, For Sellers, Housing Market Updates, Miami Beach Condo Financing, Move-Up Buyers.

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your equity grows over time:“Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”How Your Equity Can Help You Achieve Your GoalsThe equity you build up over the years can be used to your advantage when you sell...

A Mother’s Day Tribute: Silly Monkey’s Playhouse In Coconut Grove

Written by Miami Beach Condo Financing Syndicated User on May 14, 2023. Posted in Around Town, Coconut Grove, Condo Financing Miami Beach, Holidays, Miami Beach Condo Financing, Miami for Kids, Mother's Day, Neighborhoods, Silly Monkey.

We would like to highlight a local business that has been monumental in helping us to enrich the life of our daughter. Coconut Grove’s Silly Monkey Playhouse, located in the heart of Cocowalk…

Just Released | Penthouse West At The Perigon Miami Beach | Offered At $37M

Written by Miami Beach Condo Financing Syndicated User on May 14, 2023. Posted in Condo Financing Miami Beach, Luxury Condos, Miami Beach Condo Financing, Miami Beach Luxury Condos, Miami Ultra Luxury Condos, New Construction, Penthouses, Rem Koolhaas, Renderings, The Perigon.

With Miami Beach in the world’s eye, the global elite are in need of trophy residences such as this. Penthouse West at The Perigon Miami Beach is a truly special piece of real estate and we are excited to bring it to market. Please contact Michael Light to discuss qualification requirements for a private presentation…

The Worst Home Price Declines Are Behind Us [INFOGRAPHIC]

Written by Miami Beach Condo Financing Syndicated User on May 13, 2023. Posted in Condo Financing Miami Beach, For Buyers, For Sellers, Housing Market Updates, Infographics, Miami Beach Condo Financing, Pricing.

Some HighlightsWhile home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again.Last July, prices started to decline, but around February, they began climbing back up.If you put your plans to move on hold waiting to see what would happen with home prices, reach out to a local real estate expert to discuss if now’s the right time to jump back in.

Just Sold | The Perigon Miami Beach #803 | Last Offered at $4.95M

Written by Miami Beach Condo Financing Syndicated User on May 12, 2023. Posted in Condo Financing Miami Beach, Just Sold, Luxury Condos, Miami Beach Condo Financing, Miami Beach Condos, New Construction, The Light Group, The Perigon.

Miami Beach’s Millionaire’s Row is getting another new neighbor at The Perigon Miami Beach, and The Light Group is proud to have made it happen. The new neighbors will be able to move in after construction completes in early-2026…

The Best Time To Sell Your House Is When Others Aren’t Selling

Written by Miami Beach Condo Financing Syndicated User on May 12, 2023. Posted in Condo Financing Miami Beach, For Sellers, Housing Market Updates, Miami Beach Condo Financing, Selling Myths.

If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm.Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below). In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April (see graph below):While there are...

Villa Miami Launches Sales To Select Brokers At Contessa Miami

Written by Miami Beach Condo Financing Syndicated User on May 11, 2023. Posted in 1000 Group, Condo Financing Miami Beach, Edgewater, Luxury Condos, Major Food Group, Miami Beach Condo Financing, New Construction, Renderings, Terra Group, Villa Miami.

The all-star development team of the upcoming Villa Miami in Edgewater has officially launched sales to a select group of Miami brokers and agents. Hosted by Contessa Ristorante Miami, the latest outpost of development partner Major Food Group…

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