Are Home Prices Going To Come Down?

Written by Miami Beach Condo Financing Syndicated User on July 30, 2024. Posted in Condo Financing Miami Beach, For Buyers, Home Prices, Miami Beach Condo Financing.

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don’t have the same established definitions in the housing market.”In the context of today’s housing market, it doesn’t mean home prices are going to fall...

Villa Miami In Edgewater Selects General Contractor And Prepares For Groundbreaking

Written by Miami Beach Condo Financing Syndicated User on July 29, 2024. Posted in Condo Financing Miami Beach, Luxury Condos, Major Food Group, Miami Beach Condo Financing, Neighborhoods, New Construction, Terra Group, Villa Miami, Waterfront Edgewater Condos.

Villa Miami in Edgewater has had a relatively quiet year after the January unveiling of their glamorously chic sales gallery in Edgewater, and now we know why. The sales are streaming along and the development team has been hard at work on the logistics of the project. This week, the development team that is a collaboration between David Martin’s Terra Group, Major Food Group and One Thousand Group released their choice of general contractor. Moss Construction will be physically constructing the tower, which is a huge win for all parties. Moss comes with an expansive portfolio, having...

Inside Michele Bönan’s Inspiration For The Interiors At Four Seasons Private Residences Coconut Grove

Written by Miami Beach Condo Financing Syndicated User on July 29, 2024. Posted in CMC Group, Coconut Grove New Construction, Condo Financing Miami Beach, Four Seasons Coconut Grove, Luxury Condos, Miami Beach Condo Financing, Neighborhoods, New Construction.

Almost a year to the date since we were able to break the news that Ugo Colombo was planning to build Four Seasons Private Residences in Coconut Grove, we are deep into anticipation for the project and every detail. Previously, we have gone into detail about the different layouts and floor plans, which views and sizes are available to choose from, and now we are able to obsess over the inspired interior design that Italian designer Michele Bönan has prepared for the boutique project. Rendering of Four Seasons Private Residences in Coconut Grove Living Area The homes at Four Seasons Private...

As Mercedes Benz Places in Brickell Pours Its Foundation, 1 Southside Park Unveils New Plans

Written by Miami Beach Condo Financing Syndicated User on July 28, 2024. Posted in Brickell Luxury Condos, Brickell Preconstruction, Condo Financing Miami Beach, Mercedes-Benz Places, Miami Beach Condo Financing, Neighborhoods, New Construction.

At the end of June, Mercedes Benz Places in Brickell celebrated its foundation pour and officially began construction. While this was going on, developer JDS Development Group was hard at work fine tuning the specifics of this mega-project that will one way incorporate the luxury tower with high-end workforce housing, a fully renovated Southside Park and the community’s local fire station. The foundation pour of the luxury development took place on the last weekend of June, providing over 10,000 cubic yards for the 67-story tower that has everyone chattering. Within only 4 days of unveiling...

Unlocking the Benefits of Your Home’s Equity

Written by Miami Beach Condo Financing Syndicated User on July 27, 2024. Posted in Condo Financing Miami Beach, Equity, For Buyers, For Sellers, Infographics, Miami Beach Condo Financing.

Some HighlightsEquity is the difference between what your house is worth and what you still owe on your mortgage.The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).

How the Economy Impacts Mortgage Rates

Written by Miami Beach Condo Financing Syndicated User on July 26, 2024. Posted in Condo Financing Miami Beach, Economy, For Buyers, For Sellers, Miami Beach Condo Financing, Mortgage Rates.

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead.One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control the Federal Funds Rate.The relationship between the two is why people have been watching closely to see when the Fed might lower the Federal Funds Rate. Whenever they do, that’ll put downward pressure on mortgage...

A Newly Built Home May Actually Be More Budget-Friendly

Written by Miami Beach Condo Financing Syndicated User on July 25, 2024. Posted in Buying Tips, Condo Financing Miami Beach, For Buyers, Home Prices, Miami Beach Condo Financing.

If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today. Hard to believe, right? But the data doesn’t lie.Here are two key reasons working with your agent to look into new home construction could help you find a more budget-friendly option.Reason 1: Lower Median Prices for Newly Built HomesThe median sales price for...

Why a Foreclosure Wave Isn’t on the Horizon

Written by Miami Beach Condo Financing Syndicated User on July 24, 2024. Posted in Condo Financing Miami Beach, Forecasts, Foreclosures, Miami Beach Condo Financing.

Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets. And those high costs on everything from gas to groceries are fueling unnecessary concerns that more people are going to have trouble making their mortgage payments. But, does that mean there’s a big wave of foreclosures coming? Here’s a look at why the data and the experts say that’s not going to happen.There Aren’t Many Homeowners Who Are Seriously Behind on Their MortgagesOne of the main reasons there were so many foreclosures during the last housing crash was because relaxed...

How Affordability and Remote Work Are Changing Where People Live

Written by Miami Beach Condo Financing Syndicated User on July 23, 2024. Posted in Affordability, Buying Tips, Condo Financing Miami Beach, For Buyers, Miami Beach Condo Financing.

There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it.Consider Moving to a More Affordable AreaToday’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. That’s why many interested buyers are moving to places where homes are less expensive, and the cost of living is lower. As Orphe Divounguy, Senior Economist at Zillow, explains:“Housing affordability has always mattered . . . and you’re seeing it...

The Biggest Mistakes Homebuyers Are Making Right Now

Written by Miami Beach Condo Financing Syndicated User on July 20, 2024. Posted in Buying Tips, Condo Financing Miami Beach, For Buyers, Infographics, Miami Beach Condo Financing.

Some HighlightsWant to know the biggest mistakes homebuyers are making today?They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro. Connect with a real estate agent to make sure you have a pro on your side who can help you avoid these mistakes.

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