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…Continue
Added by Lazaro Lopez on January 28, 2019 at 9:27pm — No Comments
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.
Added by Lazaro Lopez on January 5, 2019 at 7:19pm — No Comments
Some of the…
Added by Lazaro Lopez on December 25, 2018 at 10:17pm — No Comments
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…
Added by Lazaro Lopez on November 6, 2018 at 9:22pm — No Comments
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…Continue
Added by Lazaro Lopez on November 5, 2018 at 10:08am — No Comments
Added by Lazaro Lopez on October 24, 2018 at 6:58am — No Comments
Added by Lazaro Lopez on October 19, 2018 at 7:31am — No Comments
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 …Continue
Added by Lazaro Lopez on October 11, 2018 at 7:10am — No Comments
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…Continue
Added by Lazaro Lopez on October 9, 2018 at 7:03am — No Comments
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…Continue
Added by Lazaro Lopez on October 4, 2018 at 7:06am — No Comments
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 …Continue
Added by Lazaro Lopez on October 3, 2018 at 7:32am — No Comments
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.…
Added by Lazaro Lopez on September 21, 2018 at 9:35am — No Comments
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…Continue
Added by Lazaro Lopez on September 19, 2018 at 7:00am — No Comments
More buyers are bypassing big, established banks and turning to a growing subset of specialized lenders to obtain a mortgage.…
Added by Lazaro Lopez on September 12, 2018 at 7:00am — No Comments
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.
Added by Lazaro Lopez on September 12, 2018 at 6:52am — No Comments
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…Continue
Added by Lazaro Lopez on September 7, 2018 at 8:11am — No Comments
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…Continue
Added by Lazaro Lopez on August 31, 2018 at 7:07am — No Comments
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.
Added by Lazaro Lopez on August 30, 2018 at 7:07am — No Comments
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…
Added by Lazaro Lopez on August 16, 2018 at 8:40am — No Comments
Second-quarter 2018 saw increased sales, higher median prices and more new listings for Florida’s housing market, according to the latest housing data released by Florida Realtors®. Many local markets continued to report a lack of for-sale inventory, which impacts sales and puts pressure on rising median prices. Closed sales of single-family homes statewide totaled 80,711 in 2Q 2018, up 1 percent from the 2Q 2017 figure.
“During the second…Continue
Added by Lazaro Lopez on August 15, 2018 at 9:04am — No Comments