Real Estate NewsLetters Archive

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 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 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.