How To Avoid Today’s Top Seller Mistakes

Written by Miami Condo Financing Syndicated User on August 31, 2024. Posted in For Sellers, Infographics, Miami Condo Financing, Miami Condo Mortgages, Selling Tips.

Some HighlightsWant to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate.And the best way to avoid falling into any of these traps is to partner with a real estate agent and lean on them for advice.

Are We Heading into a Balanced Market?

Written by Miami Condo Financing Syndicated User on August 30, 2024. Posted in For Buyers, For Sellers, Inventory, Miami Condo Financing, Miami Condo Mortgages.

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.What Is a Balanced Market?A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more...

2025 Housing Market Forecasts: What To Expect

Written by Miami Condo Financing Syndicated User on August 29, 2024. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Miami Condo Financing, Miami Condo Mortgages, Mortgage Rates.

Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.Mortgage Rates Are Projected To Come Down SlightlyMortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association...

What’s the Impact of Presidential Elections on the Housing Market?

Written by Miami Condo Financing Syndicated User on August 28, 2024. Posted in Economy, For Buyers, For Sellers, Home Prices, Inventory, Miami Condo Financing, Miami Condo Mortgages, Mortgage Rates.

It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still a good time to make your move.Here’s the good news that may surprise you: typically, Presidential elections have only had a small, temporary impact on the housing market. But your questions are definitely worth...

What Mortgage Rate Are You Waiting For?

Written by Miami Condo Financing Syndicated User on August 27, 2024. Posted in Affordability, Miami Condo Financing, Miami Condo Mortgages, Mortgage Rates.

You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024, according to Freddie Mac (see graph below):And if you’re thinking about buying a home, that may leave you wondering: how much lower are they going to go? Here’s some information that can help you know what to expect.Expert Projections for Mortgage RatesExperts say the overall downward trend should continue as long as...

Preparing For Coconut Grove Arts Festival 2025 | Artist Applications Are Open!

Written by Miami Condo Financing Syndicated User on August 26, 2024. Posted in Around Town, Coconut Grove, Coconut Grove Arts Festival, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, Things to do.

For the last 60 years on President’s Day Weekend in mid-February, when Miami’s weather is at it’s peak and the high season is about to wind down, Coconut Grove gives us an amazing art festival. The Coconut Grove Arts Festival has even been ranked as one of the best and most prestigious outdoor art festivals in the United States with over 100,000 attendees routinely attending. The festival’s reputation continues to grow each year and for 2025, artist applications have been announced. The competition is tough. As one of the highest outdoor art festivals in the nations, over a thousand artists...

Construction Update: ORA By Casa Tua In Brickell Secures Development Site And Initial Financing

Written by Miami Condo Financing Syndicated User on August 26, 2024. Posted in Brickell Pre-Construction Condos, Fortune International, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, Ora by Casa Tua, Renderings.

After a season of working quietly behind the scenes, ORA by Casa Tua in Brickell has made some significant strides in their construction journey. Fortune International, the Miami-based developer of the project has revealed that they have acquired the land to build and secured the loan to get started. The parcel of land is a 46,373-square-foot lot at 1210 Brickell Avenue. Locals will recognize this as the parking garage on the corner of Coral Way and South Miami Avenue. The construction is not expected to affect the office building on the corner of Brickell Avenue and Coral Way (SW 13th...

The Mandarin Oriental Residences, Miami In Brickell Releases New Rendering To Celebrate $1B In Sales, Converting To Contracts

Written by Miami Condo Financing Syndicated User on August 26, 2024. Posted in Brickell Key Condos, Mandarin Oriental, Miami Condo Financing, Miami Condo Mortgages, Neighborhoods, New Construction, Renderings, Swire Properties.

Swire has released a new rendering of The Mandarin Oriental Residences, Miami upon the announcement that they have transferred from reservations to contracts with nearly $1 billion in reservations. Over $150 million of these contracts have already converted. “The market response in relation to the sales reservations since December 2023 has exceeded expectations,” the company said in a release to investors on August 8 according to The Next Miami. Rendering of The Residences at Mandarin Oriental, Miami What Does This Mean? Typically the first investors of a project will be offered the lowest...

How Growing Inventory Benefits Today’s Buyers

Written by Miami Condo Financing Syndicated User on August 24, 2024. Posted in For Buyers, Infographics, Inventory, Miami Condo Financing, Miami Condo Mortgages.

Some HighlightsWhile the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.?Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth.If you want to talk more about what rising inventory means for you, connect with a local real estate agent.

Today’s Biggest Housing Market Myths

Written by Miami Condo Financing Syndicated User on August 23, 2024. Posted in Buying Tips, Economy, For Buyers, Miami Condo Financing, Miami Condo Mortgages, Mortgage Rates.

Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important.If you partner with a real estate agent, they can clear up some common misconceptions and reassure you by backing them up with research-driven facts. Here are just a few misconceptions they can help disprove.1. I’ll Get a Better Deal Once Prices CrashIf you’ve heard home prices are...

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