Condoideas Realty Group Newsletter May 2024

The calmer season has arrived but great weather and temperatures are still welcoming you to Miami. So this is a good time to assess how was the high season in Miami. Did we do better or worse than last winter? Miami-Dade single-family home sales rose 1.5% year-over-year in 1Q 2024, from 2,413 to 2,449 sales. However the condo market saw its sales volume decrease by 12% in the first quarter of 2024 because we need more inventory not because there are no buyers. The very good news is that the luxury market (over $1M) did rise 4% in March 2024. Now that we feel better on the real estate outlook in Miami let's have a look at some nationwide real estate trends.

Condoideas Realty Group Newsletter March 2024

I'd like to talk to you about a few interesting topics in my newsletter. For example let's analyze the impact of mortgage rates on pending homes sales, the new challenges for buyers doing loans and lastly a comparison between buying versus renting.

Condoideas Realty Group-Newsletter April 2024.

My elevator pitch in response to that question is "I don't have a crystal ball". But here I can elaborate a little more on the health of the market. In Miami, it's very heterogeneous. South Beach still has a low inventory but Brickell's is building up. Houses are still getting top dollars but condos take longer to sell. Prime properties are for sure still very high up in demand. But everyone will agree that the market is not as booming as it was in 2022 or even 2023. Why? Because some are waiting for interests rates to go down or waiting for the November elections, or waiting to grab exactly their dream house. The bottom line is that uncertainty makes the market slower.

Condoideas Realty Group - Newsletter February 2024

I hope you enjoyed these beautiful last days of January in Miami. Weather was finally super enjoyable, not too hot, not too cold and sunny. People over the globe are coming to Miami to enjoy the weather beaches and restaurants. For this edition of my newsletter, I will give few information regarding the real estate market for investors, an analysis concerning the middle class relocating in more affordable states (such as Florida) and the impact of the mortgage rate declines on the real estate market.

Condoideas Realty Group - Newsletter January 2024

- What are my real estate predictions for 2024? continue reading to get a glimpse. On another note since the inventory is very slim, I'll be talking about why you should sell your vacation home and lastly we'll investigate why home buyers are ready to buy but sellers are not willing to sell.

Condoideas Realty Group - Newsletter December 2023

- December is here, the best month to enjoy Miami and all the cool stuff happening in town. As I'm writing this newsletter, it's much cooler than usual and temperatures have dropped. Tourists are starting o arrive because the weather is more pleasant here than almost anywhere else. If you have just arrived in Miami, enjoy it! In this newsletter, I will cover a few real estate topics such as cities that experiences the most rapid declines in homes prices (Miami is not part of it) , when would be a good time to buy and the last article will be about more and more Americans whom owns a mortgage-free home. Concerning the events in Miami, Art Basel is the main event for December month so many exhibits will occur in the city, you should definitively try to do as many as you can. The deal of the month is a beautiful 4 bedrooms house near Hallandale Beach in Broward County.

Condoideas Realty Group - Newsletter November 2023 -

Yes the best months have finally arrived. The cooler temperatures have already showed up a little and it feels great to be in Miami. The crowd has not yet invaded the beaches nor the restaurants. Perfect timing to be down here. In this newsletter, I will cover a few real estate topics such as insurance rates, the next generation of real estate portfolio, and the current mortgage situation. Lastly, I will give you a description of a new preconstruction project in Brickell Key. Yes Brickell Key is making space for 2 new towers. I'll be also sharing some events happening in Miami during this month. The deal of the month is a condo located in Miami Beach which allows short term rentals so it can be a great investment property for you at a minimal price.

Condoideas Realty Group - Newsletter October 2023

- Many buyers are asking me if now is a good time to buy a home. The Florida housing market has seen record-breaking prices for four months in a row, and mortgage interest rates are at a 20-year high. So, should you buy a home now or wait until interest rates go down? Let's look at the pros and cons of buying now.Increased Competition: If you wait for prices or interest rates to drop, others may do the same. This can lead to more competition and even fewer available homes. Rising Rents: Rent prices can increase over time, making it less financially stable compared to fixed mortgage payments. Uncertain Supply Increase: Even if interest rates drop slightly, there may not be a surge in new home listings.

Condoideas Realty Group - Newsletter August 2023 - The market for new homes is booming as existing homeowners are hesitant to sell due to high mortgage rate. If they sell they wouldn't afford a similar home for the same monthly payment anywhere in the US

Condoideas Realty Group - Newsletter May 2023 -

When were the highest mortgage rates in history? In October 1981 with the peak at 18.45%! The current mortgage rate is close to 7% and 99% of borrowers have a mortgage rate lower than 6% nowadays. So how

Condoideas Realty Group - Newsletter April 2023 - The housing market in the United States is facing a serious inventory shortage, meaning there is nothing to sell or buy any longer! The number of homes on the market has been falling every year for the past 5/6 years. Despite predictions that inventory would start to climb as builders completed more new homes, many markets are experiencing historic lows in inventory.

Condoideas Realty Group - Newsletter March 2023

Getting a mortgage can be challenging for older borrowers with no regular income. Lenders base their mortgage decisions on income, assets, debts, and credit scores and scrutinize the source and likelihood of income continuing. Discrimination based on age is prohibited (It is not in other countries) but lenders may consider age-related factors such as impending retirement.

Miami is the number one city in the U.S. with the biggest foreign real estate investment. According to the Profile of International Home Buyers Report of 2018, South Florida is getting more and more foreign buyers that are looking to settle in the sunny Miami and its surroundings. Foreign buyers find extremely pleasant to invest in South Florida, especially in Miami, as it is the most welcoming and diverse city of the U.S. Or at least that is what the stats are showing. Best weather, multilingual and multicultural society, vibrant nightlife, and growing economy. The real question is why not investing here?

Miami is one of the top-5 Airbnb destinations in the United States. It sounds like a great deal for everyone... Hosts get a profitable output of their investment and their guests get a more private and wide list of options where to stay. However, this is not the same point of view for the City Commission of Miami-Dade County, which has been enacting fines of $5,000 up to $20,000 when renting on this kind of platforms. Even though it has been a problem all around the city, Miami Beach has suffered the most.

For the past 10 years, Miami has been facing a speedy cultural development that hasn't been fully followed by the rest of the World. That is why people improperly think that Miami is not a 'serious business city' where you can actually go other than on vacation.

Coconut Grove is a neighborhood that has been evolving over time. It is now considered by some, one out of the 3 hottest areas to buy real estate in Miami. This high demand has consequently pushed prices up. It is a market that has shown to be balanced and have a healthy inventory, that's why a large list of brand new constructions have been based in Coconut Grove. It is everything about the location.

The population rate in Florida has the second-fastest rate among the rest of the country. Brickell has shown a special rise of the population since 2000, and there is no sign that the growth is going to stop. Residents are replacing the beach, for a neigh

Everyone has been talking about the Tax Cut and Jobs acted signed by Trump at the end of 2017. A growing list of wealthy buyers are now moving and investing in South Florida because of this new law, looking for a tax break. Florida now seems to be the perfect refuge from high tax areas as New York or California. As a result, the real estate market in Miami has been nothing else than benefited, with an increase in condo prices and a rising job creation.

New and innovative constructions are being developed now in Miami that is creating new signature buildings to the old skyline we knew. Developers are trying to create another advantage to be preferred by buyers. National and international designers are being hired to create the craziest and most gorgeous building’s designs possible. Get to know what are the six most amazing buildings differentiating with their architectural style.

The real estate market in the United States is expected to decrease by 2%, which means a deceleration compared to previous years. However, there are still some housing markets expected to grow much more. Among them is the city of Miami. Miami's economy is

The real-estate market is always moving. If you want to keep going at the same pace, you need to adapt your strategy. In this article, we talk about who Miami real-estate developers are now changing their methods to adapt to a modern world not willing to make long-term compromises. Condo owners are suffering from an incredible amount of supply nowadays that has forced them to decrease their prices. There are competitors everywhere. Conventional apartments and even some conventional condos won't survive if they continue pitching the same client. That is why new buildings had been targeting short-term rentals in a never seen way.

Do you sometimes think that a little

The neighborhood to watch out this time is called Edgewater. It's an area with great potential. Architects and developers have used their creativity to place it on the map.

For a long time Coconut Grove has been ignored by realtors and buyers who preferred the upcoming Brickell, Midtown or Design district neighborhoods. Recently, the area had a re-birth.

The real estate market is a dynamic environment. Prices and inventory vary a lot depending on the timing of the year. you have to prepare a strategy in order to avoid buying it at the same time as everyone else.

The Miami real estate market is still considered as a safe heaven for high end property buyers.The sale of high end properties in the first 6 months of this year were stable. The prices are increasing from $1,233 in 2015 to $1,430 in 2016.

In Downtown Miami sales volume and prices are decreasing. Should we expect Miami to hibernate for a while or is it too sunny down here for a cool down of the market? For the first time in 5 years condo prices declined 4% to $438/sqft.

The Yacht Club at Portofino provides full-service condo living in one of Miami South Beach's best-priced luxury properties.

An architectural prodigy within steps of the urban environment of fascinating South Beach. Buy at the Murano Grande condo which defines the ideal of the South of Fifth luxury lifestyle

The Continuum condo in South Beach is the best product if you want to enjoy the Miami lifestyle. Buying a condo on the ocean, in the best neighborhood of South Beach, called South of Fifth. You will have everything at your doorstep, from the best rated re

The uber 1% of high net worth individuals loves to come to Miami for the exceptional playground it represents. Towers host helipads, luxury spas, rooftop soccer field and much more, for the pleasure of whoever Is will

Between Art Basel, the buildup of inventory of properties over $1M that we witness, the strengthening of the U.S. Dollar and some new bar openings, this month is an ongoing saga!

Tips about buying or selling a condo in Downtown Miami. You want to buy a condo in Miami? You are looking to sell your condo in Miami?

Discover the Apogee and its amenities.

Discover the Yacht Club at Portofino and its amenities!

How to choose THE realtor in Miami Beach? Looking for a professional realtor in Miami to buy or sell your condo? Luxury real estate Miami Beach

Short sale can help you save your credit.

An improving health of the Miami's condo market.

There seem to be two different real estate markets. One for the rich and wealthy and one for everyone else.

Our goal is to determine a competitive price range that works in your favor.

Loan application fee and credit report are spelled out in your bank's Good Faith Estimate.

This is an overview of the different exemptions you might get for your property in Florida.

A 1031 Exchange is a method of deferring capital gain taxes when selling your property

You must set aside your personal dreams and expectations and replace them with sound, objective business decisions

You will want to be aware of the dynamics of cash in and cash out. And the more precise you can be, the better.

Owning rental property is to make the largest profit from the cheapest investment'

Purchase a condo hotel. This new trend in vacation home offers the benefits of enjoying a second home without the concerns about renting it.

Because developers need financing to satisfy their lenders they are willing to offer buyers a chance to

Current trends in equity loans and refinancing have made it much easier to realize cash from Real Estate

Condoideas can help you understand the tax benefits of home ownership

Regrets can be costly when it comes to real estate. The stakes are high

Traditionally, a closing takes place in an office where documents may be easily signed.

Why consider owning your own condo? There are many advantages to become a property owner.

We often hear a basic concern: I'm looking for a condo or a house to buy, but ...

Our experience can guide you through the entire real estate process

In 1980, the U.S. Government implemented the Foreign Investment In Real Property Tax Act (or'FIRPTA'). The purpose of this law is