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Carmelo Italian Grill: Traditional Italian Fare in a Modern Setting

Miami’s food scene is ever-changing. Miami Beach, South Beach specifically welcomes thousands everyday who visit local eateries.

Those seeking a great meal often head to Lincoln Road to get in some food cravings, shopping or great people-watching.  I am one of those that makes a three-in-one out of it.  After some “retail therapy”  I decided to have…

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Added by Liza M Santana on May 14, 2019 at 12:16am — No Comments

Florida mansion sales surge as tax exiles seek savings

For the past year, Florida real estate agents have been actively courting wealthy Northeasterners who took a hit from the Trump administration’s tax overhaul. Now signs are emerging that some of those disgruntled taxpayers are indeed jumping at the chance to cut their tax bill by moving to Florida.

Luxury sales are slowing across the country, from New York to California, but they’re rising in South Florida. Million-dollar home…

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Added by Lazaro Lopez on January 28, 2019 at 9:27pm — No Comments

2019 a Buyer's Market! Housing market will be slower, steadier as higher interest rates weigh on prices.

It looks like 2019 could be a buyer’s market in real estate, but that’s not necessarily a good sign for the economy.

Home prices, while still higher than a year ago, are pulling back in most major markets, according to a report released Wednesday. Values in November were 5.1 percent higher compared with November 2017, CoreLogic said. That is down from the 5.4 percent annual gain seen in October. CoreLogic is now projecting a smaller, 4.8 percent gain in November 2019.

The…

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Added by Lazaro Lopez on January 5, 2019 at 7:19pm — No Comments

For Third Straight Month U.S. Housing Inventory Grows...

After nearly four years of annual declines in inventory, the number of homes for sale has now increased year-over-year for three straight months.
That’s a bit of good news for home shoppers who face less competition as homes stay on the market for longer. But inventory levels are still well below where they were five years ago, and small increases have yet to meaningfully reverse those deficits. A year ago, inventory fell 9.1 percent on an annual basis.

Some of the…

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Added by Lazaro Lopez on December 25, 2018 at 10:17pm — No Comments

Miami Enjoys Over $3.1 Billion in Residential Sales in Q3

According to the Miami Association of Realtors, total Miami-Dade County home sales surged 15.2 percent in 3Q 2018 as median prices for all properties rose for the 27th consecutive quarter.



Total Miami sales rose 15.2 percent, from 5,895 to 6,792. Miami condo transactions jumped 16.7 percent, from 3,021 to 3,524. Miami existing single-family sales increased 13.7 percent, from 2,874 to 3,268. Third quarter statistics include September, which was impacted by stalled…

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Added by Lazaro Lopez on November 6, 2018 at 9:22pm — No Comments

Mortgage Rates in U.S. Decline in Early November...

According to Freddie Mac's most recent Primary Mortgage Market Survey for November 2018, U.S. mortgage rates dropping slightly after last week's increases.





Sam Khater, Freddie Mac's chief economist, says, "While higher mortgage rates have led to a decline in home sales this year, the…

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Added by Lazaro Lopez on November 5, 2018 at 10:08am — No Comments

Miami Home Sales Spike 35 Percent Annually in September...

According to a new report by the Miami Association of Realtors, total Miami-Dade County home sales in September 2018 surged 35.7 percent last month a year after Hurricane Irma brought minimal damage and stalled hundreds of sales in September 2017.



Miami-Dade single-family home sales jumped 43 percent year-over-year, from 684 to 978, in September. The condo market continued trending upward with 29.5 percent more sales in September 2018 vs. September 2017. Miami condo sales have…
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Added by Lazaro Lopez on October 24, 2018 at 6:58am — No Comments

Miami-Dade County Monthly Dollar Volume of Sales for Single Family Homes

Added by Lazaro Lopez on October 19, 2018 at 7:31am — No Comments

Homebuying in the fall: 6 good reasons not to wait for spring

Spring and summer have long been considered the best time to buy a house. Their seasonal sibling, fall, is usually hidden under a mound of leaves. After all, potential buyers are thinking more about spooky houses and houses filled with the aroma of roast turkey; they aren’t thinking about house-hunting.  

According to …

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Added by Lazaro Lopez on October 11, 2018 at 7:10am — No Comments

New-Home Sales Tick Up as Housing Shortfall Tops 4 Million

The numbers: New-home sales ran at a seasonally adjusted annual 629,000 rate in August, the Commerce Department said Wednesday.

What happened: Sales of newly-constructed homes rose 3.5% compared to July, and edged past the MarketWatch consensus of a 625,000 pace. And the pace of sales in August was 12.7% higher than a year ago. But hefty…

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Added by Lazaro Lopez on October 9, 2018 at 7:03am — No Comments

Homebuyers purchase second vacation homes for profit over personal use...

Over the past decade, the market for second homes and online travel operations has transformed significantly. A survey by real estate adviser Savills and HomeAway found that recent buyers are prioritizing the purchasing of second vacation homes for financial benefits rather than for personal enjoyment.

“In a low interest…

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Added by Lazaro Lopez on October 4, 2018 at 7:06am — No Comments

Florida neighborhood ranks best for real estate buying and investing

A real estate research firm has picked a neighborhood in Southwest Florida as the "best neighborhood" in the United States based on schools, crime and other factors. The Pine Ridge neighborhood in Naples, Florida, was the nation's best based on six criteria: affordability, home price appreciation, school scores, crime rates, unemployment rates and property taxes. More from the …

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Added by Lazaro Lopez on October 3, 2018 at 7:32am — No Comments

What Should Buyers Look For In A Home?

When you're planning on buying a house in the near future, you're subject to lots of advice. Buyers should consider the quality of the schools, their commute to work, the neighbors, and any noise when thinking about purchasing a house. I always stress to my clients: Pay attention to the things that you can’t change about a house and to make sure you can live with those items. Kitchen and bathrooms can be remodeled, but you can't make the noise from a busy freeway go away.…



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Added by Lazaro Lopez on September 21, 2018 at 9:35am — No Comments

Buying In a New Real Estate Development? Five Things To Know...

New real estate developments have an undeniable appeal for homebuyers. I have overseen sales and marketing for more than 300 new development projects totaling over 10,000 residences over the last 30 years, and I’ve found that everyone from first-time buyers to seasoned homeowners needs an education on the nuances of buying new.

Here are five tips to help get you started:

1. Understand The Timeline

Developers typically begin…

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Added by Lazaro Lopez on September 19, 2018 at 7:00am — No Comments

‘Nonbanks’ Emerge as Top Lenders for Home Buyers...

More buyers are bypassing big, established banks and turning to a growing subset of specialized lenders to obtain a mortgage.…

Bank vault

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Added by Lazaro Lopez on September 12, 2018 at 7:00am — No Comments

Fueled by tax changes, buyers pounce on warming Miami condo market...

The middle of the summer has brought signs that the hot U.S. housing market is leveling off as sales slow and listing prices are cut. Those trends have fueled fears of a broader contraction and the coming of a buyer’s market. But trends within Miami’s condo marketdemonstrate why a buyer’s market is still a welcome one for agents. 

The Miami…

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Added by Lazaro Lopez on September 12, 2018 at 6:52am — No Comments

Miami ranks as one of the most valuable cities in the country...

Real estate wealth is dispersed unequally throughout the United States with revenue concentrated heavily in metropolitan areas, valued at $26.2 trillion in total. 

Lending Tree ranked the top 50 most valuable cities in America from its collection of real estate data covering more than 155 million U.S. properties.  

While competing against…

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Added by Lazaro Lopez on September 7, 2018 at 8:11am — No Comments

Nationwide rents remain largely flat during August: report.

In the battle of West Coast versus East Coast, one might say the former just added another notch under its belt.

The price for a one-bedroom in Santa Ana, located in Orange County, climbed 3.4 percent, knocking Miami off the list of the top 10 most expensive places to rent, according to a new report from Zumper.

Otherwise, rents remained relatively flat nationwide last month, with one- and two-bedroom units rising just 0.1 percent since July. On average, rents for a one-bedroom…

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Added by Lazaro Lopez on August 31, 2018 at 7:07am — No Comments

U.S. Housing Market to Become a Buyers Market in 2020

According to the 2018 Q3 Zillow Home Price Expectations Survey, U.S. home sellers will continue to hold more negotiating power than buyers for the next 18 months.



The quarterly survey, sponsored by Zillow and conducted by Pulsenomics LLC, asked more than 100 real estate economists and experts for their predictions about the U.S. housing market, including when they expect the market to favor homebuyers over sellers.



Annual home-value…

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Added by Lazaro Lopez on August 30, 2018 at 7:07am — No Comments

Strong Job Growth in U.S. Driving Up Office Asking Rents

According to Transwestern's second-quarter 2018 national office market report, continued improvement in the U.S. office sector was due in large part to a strong jobs market with remarkably low overall unemployment of 3.9 percent, and a 1.6 percent annual growth rate in office-using employment.



For the second quarter, office absorption totaled 18.8 million square feet, vacancy remained stable at 9.6 percent, and average asking rents increased by 3.4 percent…

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Added by Lazaro Lopez on August 16, 2018 at 8:40am — No Comments

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