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Lazaro Lopez posted a blog post

The Average U.S. Home Sells in 34 Days...

According to Redfin, across 174 U.S. housing markets, the typical home sold in May 2018 went under contract in 34 days, breaking April's record of 36 days, which was the fastest month on record going back to 2010. Amid the speed, the national median home sale price rose to $305,600, a 6.3 percent increase from May 2017.The number of newly listed homes for sale increased 4.3 percent compared to May of last year, driving a 3.6 percent increase in the number of homes sold. However, the overall…See More
Wednesday
Lazaro Lopez posted a blog post

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<div style="letter-spacing:normal!important;width:485px!important; padding:0 40px!important; font-family:Arial,sans-serif!important;"> <ul style="letter-spacing:normal!important;list-style:none!important;margin:0 0 30px!important;padding-left:0;float:left;width:485px;font-family:Arial,sans-serif!important;"> <li style="letter-spacing:normal!important;font-family:Arial,sans-serif!important;display:block;vertical-align:baseline!important;padding:30px 0!important; border-bottom:1px…See More
Jun 12
Lazaro Lopez posted a blog post

Welcome to your Closing on a House Checklist—a rundown of everything home buyers need to do in the 11th hour before they get their hands on those keys. Because when you're approaching the finish line…

Welcome to your Closing on a House Checklist—a rundown of everything home buyers need to do in the 11th hour before they get their hands on those keys. Because when you're approaching the finish line in your home-buying journey, you want nothing to go wrong, right?That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this list handy to know you've done what you need to in order to close the deal.1. Get all…See More
Jun 11
Lazaro Lopez posted a blog post

U.S. Homeowners Enjoyed Over $1 Trillion of Equity Gains in Last Year

Based on CoreLogic’s latest Home Equity Report for the first quarter of 2018, U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase 13.3 percent year over year, representing a gain of $1.01 trillion since the first quarter of 2017.Additionally, the average homeowner gained $16,300 in home equity between the first quarter of 2017 and the first quarter of 2018. While home equity grew nationwide, western states experienced the…See More
Jun 7
Lazaro Lopez shared their blog post on Facebook
Jun 2
Lazaro Lopez posted a blog post

As Florida home sale prices rise, a lack of homes makes it tough on buyers

As Florida home sale prices rise, a lack of homes makes it tough on buyersHome sale prices continued to rise both nationally and statewide in April as a prolonged dearth of available homes on the market is making it tough on buyers. A total of 24,804 single-family homes changed hands across Florida last month, up 4.1 percent from a year ago, the…See More
Jun 2
Lazaro Lopez posted a blog post

Florida Residential Sales, Prices, Listings All Uptick...

According to Florida Realtors, in April 2018, Florida's housing sector reported more closed sales, higher median prices and more new listings from owners ready to enter the market."Not enough for-sale inventory, especially in the range for first-time homebuyers, is an ongoing challenge for many local housing markets," said 2018 Florida Realtors President Christine Hansen. "Pent-up demand continues to put upward pressure on prices. In April, sellers continued to get more of their original asking…See More
May 31
Lazaro Lopez posted a blog post

Why You Should Consider Triple Net Investment Properties For Your Portfolio

Imagine what it would look like to have a multibillion-dollar company send you a check every month for the next 25 years. Is the idea of having companies like Walgreens, McDonald's, or Bank of America sending you monthly rent checks enticing? It should be — the peace of mind this could give you is likely far superior to that offered by a local or regional commercial business tenant. With a publicly traded tenant, you could look at its stock ticker to track what condition it's in.After selling a…See More
May 21
Lazaro Lopez posted a blog post

Luxury Home Sales in Miami Spike in Early 2018

According the Miami Association of Realtors, Miami luxury home sales surged 12.3 percent in 1Q 2018 as median prices rose for the 25th consecutive quarter.Total Miami luxury home sales ($1 million and up) rose 12.3 percent to 421 in 1Q 2018, up from 375 in 1Q 2017. Median prices for single-family homes increased to $337,000, a 5.9 percent increase from last year. Miami existing condo median prices rose 4.5 percent year over year to $230,000."Miami real estate continues to see major pent-up…See More
May 16
Lazaro Lopez posted a blog post

Mortgage Rates in U.S. Remain Flat in Early May

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates were unchanged over the past week in early May 2018.Sam Khater, Freddie Mac's chief economist, says the 30-year fixed mortgage rate remained at 4.55 percent. "The minimal movement of mortgage rates in these last three weeks reflects the current economic nirvana of a tight labor market, solid economic growth and restrained inflation," he said. "As we head into late spring, the demand for purchase credit remains…See More
May 12
Lazaro Lopez shared their blog post on Facebook
Mar 29
Lazaro Lopez posted a blog post

Miami Condo, Home Sales Continue to Rise in 2018

According to the Miami Association of Realtors, Miami existing condominium and total luxury home sales increased in February 2018.Miami-Dade County existing condominium sales--which are competing with one of the most robust new construction markets in the country -- rose for the fourth consecutive month in February. Miami luxury $1-million-and-up sales jumped 31 percent, from 116 in February 2017 to 152 in February 2018.…See More
Mar 29
 
 
 

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