Why We Aren’t Headed for a Housing Crash

Written by Miami Beach Mortgage Syndicated User on March 1, 2024. Posted in Housing Market Updates, Interest Rates, Miami Beach Mortgage, Mortgage Miami Beach, Pricing.

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep going up.Today’s market is very different than it was before the housing crash in 2008. Here’s why.It’s Harder To Get a Loan Now – and That’s Actually a Good ThingIt was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then, banks had different lending standards, making it easy for just about anyone to qualify...

Why You Want an Agent’s Advice for Your Move

Written by Miami Beach Mortgage Syndicated User on February 29, 2024. Posted in Buying Myths, For Buyers, For Sellers, Miami Beach Mortgage, Mortgage Miami Beach, Selling Myths.

No matter how you slice it, buying or selling a home is a big decision. And when you’re going through any change in your life and you need some guidance, what do you do? You get advice from people who know what they’re talking about. Moving is no exception. You need insights from the pros to help you feel confident in your decision. Freddie Mac explains it like this:“As you set out to find the right home for your family, be sure to select experienced, trusted professionals who will help you make informed decisions and avoid pitfalls.”And while perfect advice isn’t possible – not even from the...

JDS Development Group Unveils Mercedes-Benz Places in Miami’s Brickell Financial District

Written by Miami Beach Mortgage Syndicated User on February 28, 2024. Posted in Brickell Financial District, JDS, Mercedes-Benz Places, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction, Renderings.

Mercedes-Benz is entering the Miami real estate game by partnering with New York’s uber-successful JDS Development Group. Together they are bringing Mercedes-Benz Places to the Brickell Financial District. When completed, the sleek tower will reach 67-stories and offer 2.5 million interior square feet, making it one of the largest developments in Florida. The tower is currently under construction at 1 Southside Park in Brickell with 1133 SW 2nd Avenue as the address. This central address positions Mercedes-Benz Places with close proximity to the banks and financial institution that have made...

Why Today’s Housing Supply Is a Sweet Spot for Sellers

Written by Miami Beach Mortgage Syndicated User on February 28, 2024. Posted in For Sellers, Housing Market Updates, Miami Beach Mortgage, Mortgage Miami Beach.

Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why.An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now:Here’s a breakdown of how this benefits you when you sell. 1. You Have More Options for Your MoveAre you thinking about selling because your current house is too...

The Truth About Down Payments

Written by Miami Beach Mortgage Syndicated User on February 27, 2024. Posted in Buying Myths, First Time Home Buyers, For Buyers, Miami Beach Mortgage, Mortgage Miami Beach.

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case.Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize.As The Mortgage Reports says:“Although putting down 20% to avoid mortgage insurance is wise if affordable, it’s a myth that this is always necessary. In fact, most...

Four Seasons Residences in Coconut Grove | Floor Plans, Pricing & Details

Written by Miami Beach Mortgage Syndicated User on February 26, 2024. Posted in Coconut Grove Condos, Fort Partners, Four Seasons, Luxury Condos, Miami Beach Mortgage, Mortgage Miami Beach, New Construction, Renderings, Ugo Colombo.

As we reported last week, the Four Seasons Residences in Coconut Grove is launching sales…finally. Much speculation has been swirling about height of the building, number of units, size/layouts of each unit and, most importantly, price point. Well, I have laid out most of those details, below. ***Please contact me directly for pricing & floor plans*** Four Seasons Coconut Grove Residences Building Features Total of 72 private residences – 68 residences & 4 penthouses 22 stories tall 4 residences per floor 3+ bedroom floor plans, ALL with water views 2,895 – 3,974 square footage range...

Ritz Carlton Residences South Beach Plans Sprawling $125 Million Penthouse

Written by Miami Beach Mortgage Syndicated User on February 24, 2024. Posted in Design & Architecture, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction, Ritz Carlton Residences South Beach, Sagamore, The Ritz-Carlton Residences.

Details are still forthcoming. Please contact Michael Light for a private presentation at 786-566-1700. About a month after being quietly announced, details of the anticipated Ritz-Carlton Residences South Beach (formerly the Sagamore Hotel) are beginning to trickle out with whispers of the sprawling ultra-luxury oceanfront penthouse that is expected to command $125 million. The crown jewel penthouse is a combination of the two duplex penthouse in the 15-story development, answering the demand from rich buyers who seek to build a “triangle” of luxe residences in multiple cities that that owners...

How Changing Mortgage Rates Impact You [INFOGRAPHIC]

Written by Miami Beach Mortgage Syndicated User on February 24, 2024. Posted in Infographics, Interest Rates, Miami Beach Mortgage, Mortgage Miami Beach.

Some HighlightsIf you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.That’s because even a small change in mortgage rates can have a big impact on your purchasing power. 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.

Expert Home Price Forecasts for 2024 Revised Up

Written by Miami Beach Mortgage Syndicated User on February 23, 2024. Posted in Housing Market Updates, Miami Beach Mortgage, Mortgage Miami Beach, Pricing.

Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.So, let’s see exactly how experts’ thinking has shifted – and what’s caused the change.2024 Home Price Forecasts: Then and NowThe chart below shows what seven expert organizations think will happen to home prices in 2024. It compares their first 2024 home price forecasts (made at the end of 2023) with their newest projections: The middle column shows that, at first, these experts thought home prices would only go...

Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

Written by Miami Beach Mortgage Syndicated User on February 22, 2024. Posted in Housing Market Updates, Interest Rates, Miami Beach Mortgage, Mortgage Miami Beach.

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you. The experts agree the overarching downward trend should continue this year.While we won’t...

Author: Miami Beach Mortgage Syndicated User