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…
Added by Lazaro Lopez on May 31, 2018 at 11:45am — No Comments
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…
ContinueAdded by Lazaro Lopez on May 21, 2018 at 2:36pm — No Comments
Added by Lazaro Lopez on May 16, 2018 at 1:35pm — No Comments
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…
Added by Lazaro Lopez on May 12, 2018 at 8:41am — No Comments
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.…
Added by Lazaro Lopez on March 29, 2018 at 7:02am — No Comments
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.
ContinueIn 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…
Added by Lazaro Lopez on March 27, 2018 at 11:03am — No Comments
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…
ContinueAdded by Lazaro Lopez on March 21, 2018 at 10:00am — No Comments
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.…
ContinueAdded by Lazaro Lopez on March 20, 2018 at 10:21am — No Comments
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…
ContinueAdded by Lazaro Lopez on March 20, 2018 at 10:05am — No Comments
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…
ContinueAdded by Lazaro Lopez on March 15, 2018 at 2:37pm — No Comments
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