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Tag: #miamimortgagerates

Myths About the 2024 Housing Market [INFOGRAPHIC]

Some HighlightsWhen it comes to the current housing market, there are some myths circling around right now. Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments. Lean on a real estate professional to help separate fact from fiction in today’s housing market.

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Is It Getting More Affordable To Buy a Home?

Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin, says:“We’re slowly climbing our way out of an affordability hole, but we have a long way to go. Rates have come down from their peak and are expected to fall again by the end of the year, which should make homebuying a little more affordable and incentivize buyers to come off the sidelines.”Here’s...

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Is It Better To Rent Than Buy a Home Right Now?

You may have seen reports in the news recently saying it’s more affordable to rent right now than it is to buy a home. And while that may be true in some markets if you just look at typical monthly payments, there’s one thing that the numbers aren’t factoring in: and that’s home equity. Here’s a look at how big of an impact equity can have and why it’s worth considering as you make your decision.What the Headlines Are Based onThe graph below uses national data on the median rental payment from Realtor.com and median mortgage payment from the National Association of Realtors (NAR) to compare...

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Should I Wait for Mortgage Rates To Come Down Before I Move?

If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold.But when rates start to come down, things...

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Discover The Opulent $45 Million Penthouse At Brickell’s St. Regis Residences, Miami

Perched atop the 50-story St. Regis Residences, Miami in Brickell is an opulent 10,000 square foot duplex penthouse that has hit the market for $45 million. Spanning the 48th and 49th floor with a 50th floor rooftop terrace, the penthouse will overlook the Brickell Financial District upon its completion in early 2027. Penthouse A, the first of two bespoke residences will showcase a view of South Brickell, the Biscayne Bay and Coconut Grove. Each level of the residence has its own terrace, but the crown jewel of views is from the rooftop terrace, which spans 2,842 square feet. The rooftop terrace...

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Today Is National Pet Day! Here Are Miami’s Top Pet-Friendly Condo Buildings

All hail our furry friends! Today is National Pet Day, which is a perfect opportunity to raise one of the more delicate issues with moving your family into one of Miami’s famous condo buildings. Depending upon the type of pet you have in your family, they may or may not be accepted by the condo board in the building of your choosing. Most of the buildings are at least somewhat pet-friendly, particularly if you are purchasing and/or have small pets. If you are renting and/or have large dogs, there are some buildings that will cater to your fur baby, and some who will be less than accepting. In...

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Peek Inside David Grutman’s $7.2 Million Condo At One Thousand Museum

Miami nightlife impresario Dave Grutman and Mrs. Isabella Grutman, Dave’s wife who has enjoyed success as a fashion and jewelry designer, have listed their iconic four bedroom residence at One Thousand Museum in Downtown Miami for $7.2 Million. The building is arguably one of the most over-the-top residential towers in Miami, having been the first residential project designed by Zaha Hadid in the Western Hemisphere. Its unique structure features a scorpion-like exoskeleton which gives One Thousand Museum its trademark style as well as facilitates 60 stories of half- and full-floor residences...

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What You Really Need To Know About Home Price Headlines

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know.A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points...

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Ways To Use Your Tax Refund If You Want To Buy a Home

Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains:“If one of your goals is to stop renting and buy a home, you’ll need to save up for closing costs and a down payment on the mortgage. A tax refund can give you a start on the road to homeownership. If you’ve already started to save, your tax refund could move you down the road faster.”While how much money you may get in a tax refund is going...

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The Perks of Downsizing When You Retire [INFOGRAPHIC]

Some HighlightsIf you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses.Smaller homes typically have lower energy and maintenance costs. Plus, you may have enough equity built up to fuel your move.If you’re thinking about moving to a smaller home, connect with a real estate professional to go over your goals and look at your options in the local market.

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