Investors Are Not Buying Up All the Homes

Written by Miami Condo Financing Syndicated User on November 30, 2024. Posted in Economy, For Buyers, Infographics, Miami Condo Financing, Miami Condo Mortgages.

Some HighlightsThere’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.?Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.?

Make Your House the Top Thing on Every Buyer’s Wish List This Season

Written by Miami Condo Financing Syndicated User on November 29, 2024. Posted in For Sellers, Miami Condo Financing, Miami Condo Mortgages, Selling Tips.

With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait? Some may even consider taking their house off the market until next spring. But is that the best choice? Because at this time of year, your home can really stand out.Here’s the thing: there are plenty of buyers out there who want to be in a new home by the holidays, and your house might be just what they’re looking for. As an article from Redfin says: “. . . there is typically less inventory in the housing market this time of year, allowing your home to easily stand out among...

Control the Controllables If You’re Worried About Mortgage Rates

Written by Miami Condo Financing Syndicated User on November 28, 2024. Posted in Miami Condo Financing, Miami Condo Mortgages, Mortgage Rates.

Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down. And if you’ve seen headlines about the early November Federal Funds Rate cut by the Federal Reserve (The Fed), maybe you got hopeful mortgage rates would start to decline right away. Although some media sources may lead you to believe that the Fed’s actions determine mortgage rates, in reality, they don’t. The truth is, the Fed, the job market, inflation, geopolitical changes, and a whole list of other economic factors influence mortgage rates, too. So, while recent...

How Co-Buying a Home Helps with Affordability Today

Written by Miami Condo Financing Syndicated User on November 27, 2024. Posted in Buying Tips, For Buyers, Miami Condo Financing, Miami Condo Mortgages.

Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget. If you’re feeling stuck, co-buying could be one way to help you get your foot in the door. Freddie Mac says:“If you are an aspiring homeowner, buying a home with your family or friends could be an option.”But there are some things you’ll want to consider first. Let’s explore why co-buying is gaining popularity right now among some buyers and see if it may make sense for you too.What Is Co-Buying?Co-buying means buying a home with someone like...

Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

Written by Miami Condo Financing Syndicated User on November 26, 2024. Posted in Equity, Foreclosures, Miami Condo Financing, Miami Condo Mortgages, Mortgage Rates.

One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt.That’s a big part of the reason why even though mortgage debt is at an all-time high, this isn’t 2008 all over again. As Bill McBride, Housing Analyst for Calculated Risk, explains:“With the recent house price increases, some people are worried about a new housing bubble – but mortgage debt isn’t a concern . . .”Today’s homeowners are...

The Mandarin Oriental Residences, Miami in Brickell Key Releases Interior Renderings & Construction Timeline

Written by Miami Condo Financing Syndicated User on November 25, 2024. Posted in Brickell Key Condos, Brickell Preconstruction, Mandarin Oriental, Miami Condo Financing, Miami Condo Mortgages, New Construction, Renderings, Swire Properties.

Just a few weeks after converting their pre-sale reservations into contracts as well as over $1B in sales, The Mandarin Oriental Residences, Miami on Brickell Key has released new renderings as well as their demolition timeline. According to The Next Miami. the current Mandarin Oriental Hotel on Brickell Key will close for business on May 31, 2025. Demolition of the hotel will begin straight away in Q3 of 2025, citing Swire President Harry Bott’s statement to the South Florida Business Journal. Rendering of The Residences at Mandarin Oriental, Miami Kitchen When completed, the development...

St. Regis Residences, Miami in Brickell Hosts Lavish Groundbreaking Ceremony

Written by Miami Condo Financing Syndicated User on November 25, 2024. Posted in Around Town, Brickell Pre-Construction Condos, Integra Investments, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, Related Group, St Regis Brickell.

Related Group and Integra Investments wasted no time hosting their lavish groundbreaking ceremony for St. Regis Residences, Miami in Brickell after the dramatic demolition of 1809 Brickell Avenue just a few weeks ago. A groundbreaking ceremony is always a reason to celebrate, but this one is especially special as the now-demolished tower has been a vacant deteriorating building for years now, so today we celebrate something new and luxurious to come. “The groundbreaking for The St. Regis Residences, Miami marks a pivotal step in bringing an unparalleled luxury experience to one of South Florida’s...

How To Get Your House Ready To Sell in 2025

Written by Miami Condo Financing Syndicated User on November 23, 2024. Posted in For Sellers, Infographics, Miami Condo Financing, Miami Condo Mortgages, Selling Tips.

Some HighlightsIf you’re planning to list your house in 2025, it’s already time to start working on any repairs. But where do you start?Your local agent will be able to help you prioritize projects that will help you get the best return on your investment and appeal to what today’s buyers really want.If your goal is to sell your house next year, connect with an agent so you know what to start working on now.

Don’t Miss Out on the Growing Number of Down Payment Assistance Programs

Written by Miami Condo Financing Syndicated User on November 22, 2024. Posted in Agent Value, Buying Tips, For Buyers, Miami Condo Financing, Miami Condo Mortgages.

With rising home prices and volatile mortgage rates, it’s important you know about every resource that could help make buying a home possible. And one thing you’ll want to be aware of is just how much the number of down payment assistance (DPA) programs has grown lately. Take a look at the graph below to see how many new programs have been added in the last year, according to data from Down Payment Resource:More Programs, More Opportunities for YouSo, what does this increase mean for you? With more programs available, there’s a higher likelihood that one of them could help you reach your homeownership...

What’s Behind Today’s Mortgage Rate Volatility?

Written by Miami Condo Financing Syndicated User on November 21, 2024. Posted in Agent Value, Economy, Miami Condo Financing, Miami Condo Mortgages, Mortgage Rates.

If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So, what’s driving this constant change? Let’s dive into just a few of the major reasons why we’re seeing so much volatility, and what it means for you.The Market’s Reaction to the ElectionA significant factor causing fluctuations in mortgage rates is the general reaction to the political landscape. Election seasons often bring uncertainty to financial markets, and this one is no different. Markets tend to respond not only to who won,...

Author: Miami Condo Financing Syndicated User