Tag: #miamibeachmortgagebroker

Owning Your Home Helps You Build Wealth

Written by Miami Condo Financing Syndicated User on July 21, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages, Rent vs. Buy.

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.Homeownership Builds Wealth Regardless of Income LevelYou may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point (see graph below):What makes wealth so much higher for homeowners? A...

Architectural Digest’s List Of Top Miami Interior Designers

Written by Miami Condo Financing Syndicated User on July 20, 2023. Posted in Architerctural Digest, Design & Architecture, Miami Condo Financing, Miami Condo Mortgages, Miami Interior Design.

With the influx of new residents in the Magic City, we have seen an uptick in the need for skilled interior designers who embody our signature style and add their own touch of flare. Here are the top Miami-based interior designers that were chosen by Architectural Digest…

Explaining Today’s Mortgage Rates

Written by Miami Condo Financing Syndicated User on July 20, 2023. Posted in For Buyers, Housing Market Updates, Interest Rates, Miami Condo Financing, Miami Condo Mortgages.

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield. Here’s a graph showing those two metrics since Freddie Mac started keeping mortgage rate records in 1972:As the graph shows, historically, the average spread...

Miami As An Emerging Global City – Banco Santander’s Expansion Into Coconut Grove

Written by Miami Condo Financing Syndicated User on July 19, 2023. Posted in Around Town, Banco Santander, Coconut Grove, Market Trends, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods.

Santander Group’s recognition of Coconut Grove is a feather in our cap as we continue to evolve, and we are proud that we can offer the lifestyle they seek for a successful new workspace for their new tech department…

Homebuyers Are Getting Used to the New Normal

Written by Miami Condo Financing Syndicated User on July 19, 2023. Posted in For Sellers, Housing Market Updates, Interest Rates, Miami Condo Financing, Miami Condo Mortgages, Selling Myths.

Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.To better understand what’s been happening with mortgage rates lately, the graph below shows the trend for the 30-year fixed mortgage rate from Freddie Mac since last October. As you can see, rates have been between 6% and 7% pretty consistently for the past nine months:According to Lawrence Yun, Chief Economist at the National Association of Realtors...

Miami Spice 2023 | Restaurants To Try In Coconut Grove

Written by Miami Condo Financing Syndicated User on July 18, 2023. Posted in Around Town, Coconut Grove, Miami Condo Financing, Miami Condo Mortgages, Miami Spice, Neighborhoods, Things to do.

For 2023, there are a record 208 local restaurants participating in Miami Spice, which runs from August 1 – September 30 each year. These are our favorite choices from the Coconut Grove area with details of their Miami Spice Lunch, Brunch and/or Dinner offerings for this year.

Home Prices Are Rebounding

Written by Miami Condo Financing Syndicated User on July 18, 2023. Posted in Buying Myths, For Buyers, For Sellers, Miami Condo Financing, Miami Condo Mortgages, Pricing, Selling Myths.

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well beyond the norm.To avoid an unfair comparison to that previous peak, we need to look at monthly data. And that tells a very different and much more positive story. While local home price trends still vary by market, here’s...

An Update On SHVO’s Redevelopment Of South Beach’s Historic Raleigh Hotel And Residences

Written by Miami Condo Financing Syndicated User on July 15, 2023. Posted in Design & Architecture, Miami Beach Luxury Condos, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, SHVO, The Raleigh.

Under the direction of visionary developer Michael SHVO, the project has privately launched sales of the 44-unit Rosewood Residences at the Raleigh with a new two-story sales gallery on the property…

Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]

Written by Miami Condo Financing Syndicated User on July 15, 2023. Posted in For Sellers, Housing Market Updates, Infographics, Miami Condo Financing, Miami Condo Mortgages, Selling Myths.

Some HighlightsToday’s housing inventory is still well below more normal years.This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers.If you want to sell your house, now is a great time because inventory is still low. Contact a trusted real estate agent to start the process.

Miami Now Has The Hottest Rental Market In The United States

Written by Miami Condo Financing Syndicated User on July 14, 2023. Posted in Market Report, Market Trends, Miami Condo Financing, Miami Condo Mortgages, Miami rentals, South Florida Real Estate.

In RentCafe’s mid-year survey, the Miami rental market has been ranked as the #1 most competitive real estate market in the country, with no end in sight. We have a breakdown of what is happening, how long the market conditions should last, and some tips for successfully navigating Miami’s housing market in 2023…