How Changing Mortgage Rates Can Affect You

Written by Miami Condo Financing Syndicated User on April 4, 2023. Posted in Buying Myths, For Buyers, Interest Rates, Miami Condo Financing, Miami Condo Mortgages.

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship between mortgage rates and a typical monthly mortgage payment:Even a 0.5% change can have a big impact on your monthly payment. And since rates have been moving between 6% and 7% for a while now, you can see how it impacts your purchasing power as rates go down.What This Means for YouYou may be...

Terra And Major Food Group Join All-Star Development Team For The Villa In Edgewater

Written by Miami Condo Financing Syndicated User on April 1, 2023. Posted in Design & Architecture, Major Food Group, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, Terra Group, Waterfront Edgewater Condos.

It’s a new development party! An impressive team of creative minds has come together with plans to construct a new 58-story tower in Miami’s Edgewater district. The condo is slated to be called The Villa, and will replace a Zaha Hadid design that was planned a few years back…

Brickell’s Ora By Casa Tua Releases New Renderings And Details As Sales Begin

Written by Miami Condo Financing Syndicated User on April 1, 2023. Posted in Brickell Financial District, Casa Tua Miami, Fortune International, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, Ora by Casa Tua, Renderings.

Ora by Casa Tua has released details about FOUR new restaurant concepts that will be incorporated into the new residential tower at 1210 Brickell Avenue along with prices and initial renderings…

Facts About Closing Costs [INFOGRAPHIC]

Written by Miami Condo Financing Syndicated User on April 1, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

Juggernauts Groot Hospitality And Tao Group Team Up In Edgewater With Casadonna

Written by Miami Condo Financing Syndicated User on March 31, 2023. Posted in Around Town, Edgewater, Groot Hospitality, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, Tao Hospitality.

The two highest-grossing entertainment conglomerates are partnering up to bring Casadonna to Edgewater. The name “Casadonna” is clearly a nod to the location. Meaning “house of women” in Italian, the new eatery will be housed in the historic waterfront Miami Women’s Club located at 1737 North Bayshore Drive…

We’re in a Sellers’ Market. What Does That Mean?

Written by Miami Condo Financing Syndicated User on March 31, 2023. Posted in For Sellers, Miami Condo Financing, Miami Condo Mortgages, Selling Myths.

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house?It starts with the number of homes available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market...

4 Key Tips for Selling Your House This Spring

Written by Miami Condo Financing Syndicated User on March 30, 2023. Posted in For Sellers, Housing Market Updates, Miami Condo Financing, Miami Condo Mortgages, Selling Myths.

Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:1. Make Sure You Give Buyers AccessOne of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’...

Waldorf Astoria Hotel & Residences Downtown Miami Construction Update

Written by Miami Condo Financing Syndicated User on March 29, 2023. Posted in Design & Architecture, Downtown Miami, Luxury Condos, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, PMG, Waldorf Astoria Miami.

Site work for the Waldorf Astoria Residences in Downtown Miami is well underway and on track with the developer’s construction timeline, according to an update received today. In addition, a construction loan…

Downtown Miami Waterfront Development Site Set To Bring Over $1 Billion

Written by Miami Condo Financing Syndicated User on March 29, 2023. Posted in Around Town, Arts District, Genting Group, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, Resorts World Miami.

Genting Malaysia is selling the former site of the Miami Herald offices in Downtown Miami. At least 5 bids surpass the $1 billion mark, making this arguably the highest priced development site in the United States…

How Homeownership Is Life Changing for Many Women

Written by Miami Condo Financing Syndicated User on March 29, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages.

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households.Why Is Homeownership So Important to Women?The rise in women pursuing homeownership hasn’t just made an impact on the housing market. It’s also been an asset for those buyers and their households. That’s because homeownership has many benefits, both financial and personal.On the financial side, housing proves to be the key to...

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