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



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…

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Added by Lazaro Lopez on May 12, 2018 at 8:41am — No Comments

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.…

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Added by Lazaro Lopez on March 29, 2018 at 7:02am — No Comments

How To Win A Real Estate Bidding War!

How to win a real estate bidding war in today’s home buying market is a fine art. From Los Angeles to San Francisco to Boston offering a home’s asking price is just the starting point in negotiations.

In Long Beach, California, Breanna LePante of Nook Real Estate recently got her client’s offer for a 1,000 square foot condominium to stand out from 21 competing offers. How did she do it? I always have my buyers write a nice letter to the seller…

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Added by Lazaro Lopez on March 27, 2018 at 11:03am — No Comments

Florida CRE industry has 12-figure annual impact

Florida's commercial real estate industry contributed $189.4 billion to the state's economy in 2017, the third most of any state in the nation, according to an annual economic impact study.

Only California and Texas generated more, the survey from a George Mason University professor in Virginia funded by the National Association of Industrial and Office Parks found.

The Sunshine State also ranked third of the 50 states in direct spending -- including labor, materials and…

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Added by Lazaro Lopez on March 21, 2018 at 10:00am — No Comments

Things to Check When Viewing a House

Things to Check When Viewing a House

It's easy to get emotional and forget to look at everything when you've found a beautiful home that matches your wish list. When buying a home, an inspection by a certified Home Inspector is a must. Knowing in advance some of the items the inspector will be looking at will enable you to screen potential homes more easily during viewings.…

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Added by Lazaro Lopez on March 20, 2018 at 10:21am — No Comments

Why We Invest In Real Estate

Real estate is one of the oldest and most reliable forms of investment. From the first moment that someone created an ownership deed for a piece of property and then later sold it for a profit, it has held appeal for every would-be investor.

Making the most of a real estate investment is heavily centered on the investors. There are several reasons why so many more people feel…

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Added by Lazaro Lopez on March 20, 2018 at 10:05am — No Comments

Miami’s building boom: New construction trends to watch

A growing and dynamic city like Miami needs a diversified and ample housing market to keep up with demand. The city’s existing housing market is uneven: there’s tremendous inventory in certain sectors, while in others — like modestly priced single-family homes — there’s not nearly enough. The imbalance has not dampened new construction in South Florida, however, as aggressive and creative developers are working to give Miami residents the housing that is needed and wanted. Those developers…

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Added by Lazaro Lopez on March 15, 2018 at 2:37pm — No Comments

Home Flipping in U.S. Hits 11-Year High in 2017

Over 200,000 U.S. Homes Flipped in 2017



According to ATTOM Data Solution's Q4 and Year-End 2017 U.S. Home Flipping Report, 207,088 U.S. single family homes and condos were flipped in 2017, up 1 percent from the 204,167 home flips in 2016 to the highest level since 2006 -- an 11-year high.



The 207,088 homes flipped in 2017 represented 5.9 percent of all single family home and condo sales during the year, up…

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Added by Lazaro Lopez on March 13, 2018 at 2:43pm — No Comments

Norwegian Cruise Line will build a futuristic new terminal at PortMiami

Royal Caribbean Cruises just hit a construction milestone with its sleek new Terminal A at PortMiami. Royal Caribbean and building contractor Suffolk celebrated in January with a party to commemorate reaching the highest construction point of the $247 million state-of-the-art terminal.

The cruise terminal is…

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Added by Lazaro Lopez on March 9, 2018 at 7:25am — No Comments

Commercial Investment Activity in U.S. to Continue to Thrive in 2018

According to CBRE's newly released Americas Investor Intentions Survey 2018, a prolonged period of U.S. economic growth, as well as tax cuts and favorable regulatory changes, means that commercial real estate investors are more positive going into 2018 than they were at the start of last year.



The 2018 survey results reveal that the largest share (45%) of investors plan to increase their level of acquisitions in the Americas compared…

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Added by Lazaro Lopez on March 6, 2018 at 9:26am — No Comments

Report: Low inventory not enough to hold back strong Florida market

Sales and median home prices both increased to close out 2017, according to the latest report from Florida Realtors. 

“Florida’s economy is growing, the jobs outlook remains strong and more people are moving to the Sunshine State,” said 2018 Florida Realtors President Christine Hansen. “And while mortgage interest rates are rising, they are still at favorably low levels.…

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Added by Lazaro Lopez on March 1, 2018 at 8:56am — No Comments

Brickell Bay Drive plan would add 700 apartments, hotel

A plan for Brickell Bay Drive bayfront would amass more than 700 apartments and nearly 260 hotel rooms along with new retail.

The property at 1111 Brickell Bay Drive already houses the 32-story Yacht Club at Brickell apartments, which would be redeveloped, adding a 61-story apartment tower and…

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Added by Lazaro Lopez on March 1, 2018 at 8:47am — No Comments

International Residential Real Estate Sales in Fla. = $24.2B

Florida remained the top destination of foreign buyers purchasing U.S. residential real estate in 2017, with 22 percent of all foreign buyers who bought residential property in the United States. Florida Realtors®  latest report, the 2017 Profile of International Residential Real Estate Activity in Florida, finds that international sales hit $24.2 billion…

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Added by Lazaro Lopez on February 27, 2018 at 7:10am — No Comments

Home Sellers Can Take Steps Now for a Great Spring Landscape

Thinking of selling a home in the spring? Then now is a good time to get in the yard and prepare the landscaping. Many home sellers focus on indoor projects and forget that the first thing potential buyers see is the home’s curb appeal – the landscaping and yard.

Fall is the best time to lay the groundwork for a springtime yard that will attract buyers, according to the Outdoor Power Equipment Institute. Attractive landscaping can help improve curb appeal,…

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Added by Lazaro Lopez on February 27, 2018 at 7:04am — No Comments

6 Tips for Choosing the Best Offer for Your Home

Have a plan for reviewing purchase offers so you don't let the best slip through your fingers.

You’ve worked hard to get your home ready for sale and to price it properly. With any luck, offers will come quickly. You’ll need to review each carefully to determine its strengths and drawbacks and pick one to accept. Here’s a plan for evaluating offers.

1. Understand the process.

All offers are negotiable, as your agent will tell you. When you…

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Added by Lazaro Lopez on February 22, 2018 at 6:54am — No Comments

6 Tips for Choosing the Best Offer for Your Home

Have a plan for reviewing purchase offers so you don't let the best slip through your fingers.

You’ve worked hard to get your home ready for sale and to price it properly. With any luck, offers will come quickly. You’ll need to review each carefully to determine its strengths and drawbacks and pick one to accept. Here’s a plan for evaluating offers.

1. Understand the process.

All offers are negotiable, as your agent will tell you. When you…

Continue

Added by Lazaro Lopez on February 22, 2018 at 6:53am — No Comments

Finally, you can ride Brightline trains this weekend for $10

Brightline higher-speed passenger trains will start running its introductory service Saturday with fares starting at $10.

That will buy a one-way ticket in the…

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Added by Lazaro Lopez on January 11, 2018 at 7:15am — No Comments

How to achieve a price reduction in new luxury developments.

How to achieve a price reduction in new luxury developments? Obtaining it depends on the location of the property, the market cycle and other factors!

Regardless of the market, buyers or investors interested in buying a property in a new building always request some type of concession to close the deal. And almost always, a price cut is your main request, experts say.

About 99% of concession talks are based on prices. While developers may offer increased agent commissions or a…

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Added by Lazaro Lopez on January 2, 2018 at 11:00am — No Comments

Why Real Estate Industries in Miami and UAE are Embracing Bitcoin

The Miami real estate industry is gradually embracing Bitcoin as realtors realize the merits and advantages of utilizing the Bitcoin network to facilitate the transfer of large-scale transactions.

For many years, the Bitcoin community and experts within the cryptocurrency sector have debated the fundamental purpose of Bitcoin; whether it should operate more as a store of value or a digital cash system that is capable of processing small…

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Added by Lazaro Lopez on December 16, 2017 at 1:00pm — No Comments

6 CRE Trends to Watch in 2018

What does the commercial real estate industry look like in 2018? How will today’s emerging market dynamics affect the business in the long run? The commercial real estate industry saw incredible growth in 2016 and 2017 and CRE professionals and investors are anticipating another great year for the industry.

Let’s take a look at 6 CRE trends to watch in 2018 and how they will impact your prospects.

Millennials

Millennials want to live in the city and they flock…

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Added by Lazaro Lopez on December 14, 2017 at 9:51am — No Comments

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