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Tag: #miamimortgagerates

719 Biltmore Way Combines Estate-Style Living With The History And Convenience Of Downtown Coral Gables

719 Biltmore Way is nestled along the historic stretch of Biltmore Way, just moments from the Coral Gables Financial District near the Grenada Golf Course, and offers 9 full-floor residences that are over 3,500 interior square feet, with prices starting at $5.3M and…

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A Complete List Of Michelin-Starred Restaurants In Miami This Year

Miami is proud to have twelve local eateries to be honored in the 2023 Michelin Guide and one restaurant receiving two stars. Given the prestige of this award, to have twelve recipients in one city is quite an accomplishment…

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The Impact of Changing Mortgage Rates [INFOGRAPHIC]

Some HighlightsIf you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power.These charts show how rates generally affect your monthly payment.The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.

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Coconut Grove Breaks Sales Records Again With $49 Million Trophy Property

The off-market waterfront Coconut Grove sale marks the most expensive sale in Miami-Dade County for 2023 so far, reclaiming the title from the March 2023 sale of 3007 Brickell Avenue for $48.5 million…

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The Capital Of Capital: Miami’s Luxury Real Estate Market Experiences Double-Digit Gains

While the majority of the world’s luxury real estate markets are experiencing their first losses since the 2008 financial crisis, the Miami luxury real estate market surges ahead. According to a recent study undertaken by Knight Frank, Miami is the only city in the United States to experience any gains at all…

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Miami For Kids: Places Your Kiddos Can Interact With Wildlife

We have compiled a list of our top 5 favorite Miami wildlife-related experiences that you can take your kids to, allowing them to not only view the different breeds but interact with them as well…

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Powerful Job Market Fuels Homebuyer Demand

The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger.One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, makes it clear more people are out looking at homes than there were prior to the pandemic (see graph below):And though there’s less traffic than the buyer frenzy of the past couple of years, we’re not far off that pace. There...

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What You Need To Know About Home Price News

The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices. The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story. Here’s why using the median home price as a gauge of what’s happening with home values...

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The Worst Home Price Declines Are Behind Us

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. Contrary to those headlines, home prices aren’t in a freefall. The latest data tells a very different and much more positive story. Local home price trends still vary by market, but here’s what the national data tells us.If we take a year-over-year view, home prices stayed positive – they just appreciated more slowly than they did at the peak of the pandemic. To...

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Homeowners Have Incredible Equity To Leverage Right Now

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your equity grows over time:“Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”How Your Equity Can Help You Achieve Your GoalsThe equity you build up over the years can be used to your advantage when you sell...

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