Why Aren’t Home Prices Crashing?

Written by Miami Beach Mortgage Syndicated User on April 6, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Miami Beach Mortgage, Mortgage Miami Beach.

There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:“[H]ome prices...

Florida Mortgage | How SVB’s Collapse Could Affect the US Housing Market in 2023

Written by Miami Beach Mortgage Syndicated User on April 6, 2023. Posted in Miami Beach Mortgage, Mortgage Miami Beach.

Florida Mortgage | How SVB’s Collapse Could Affect the US Housing Market in 2023 | NMLS ID 1834853 #svbcollapse #floridarealestate #floridamortgage

Two Roads Development Officially Launches EDITION Miami Residences In Edgewater

Written by Miami Beach Mortgage Syndicated User on April 5, 2023. Posted in Edgewater Miami Luxury Condos, EDITION Miami Residences Edgewater, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction, Renderings, Two Roads Development.

EDITION Residences, Miami Edgewater opened for reservations in the 3rd Quarter of 2022 to an amazing reception. Those who are familiar with the brand from Miami Beach already knew what to expect from a level of service to the elevated finishes that the brand embodies…

Two Reasons You Should Sell Your House

Written by Miami Beach Mortgage Syndicated User on April 5, 2023. Posted in For Sellers, Housing Market Updates, Miami Beach Mortgage, Mortgage Miami Beach, Selling Myths.

Wondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below):Let’s break those reasons down and explore how they might resonate with you.1. I Want To Take Advantage of the Current Market and Make a ProfitWhen you decide to sell your house, how much you’ll make from the sale will likely be top of mind. So, here’s some good news: according to the latest data, the average seller...

How Changing Mortgage Rates Can Affect You

Written by Miami Beach Mortgage Syndicated User on April 4, 2023. Posted in Buying Myths, For Buyers, Interest Rates, Miami Beach Mortgage, Mortgage Miami Beach.

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship between mortgage rates and a typical monthly mortgage payment:Even a 0.5% change can have a big impact on your monthly payment. And since rates have been moving between 6% and 7% for a while now, you can see how it impacts your purchasing power as rates go down.What This Means for YouYou may be tempted...

Brickell’s Ora By Casa Tua Releases New Renderings And Details As Sales Begin

Written by Miami Beach Mortgage Syndicated User on April 1, 2023. Posted in Brickell Financial District, Casa Tua Miami, Fortune International, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction, Ora by Casa Tua, Renderings.

Ora by Casa Tua has released details about FOUR new restaurant concepts that will be incorporated into the new residential tower at 1210 Brickell Avenue along with prices and initial renderings…

Terra And Major Food Group Join All-Star Development Team For The Villa In Edgewater

Written by Miami Beach Mortgage Syndicated User on April 1, 2023. Posted in Design & Architecture, Major Food Group, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction, Terra Group, Waterfront Edgewater Condos.

It’s a new development party! An impressive team of creative minds has come together with plans to construct a new 58-story tower in Miami’s Edgewater district. The condo is slated to be called The Villa, and will replace a Zaha Hadid design that was planned a few years back…

Facts About Closing Costs [INFOGRAPHIC]

Written by Miami Beach Mortgage Syndicated User on April 1, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Miami Beach Mortgage, Mortgage Miami Beach, Move-Up Buyers.

Juggernauts Groot Hospitality And Tao Group Team Up In Edgewater With Casadonna

Written by Miami Beach Mortgage Syndicated User on March 31, 2023. Posted in Around Town, Edgewater, Groot Hospitality, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, Tao Hospitality.

The two highest-grossing entertainment conglomerates are partnering up to bring Casadonna to Edgewater. The name “Casadonna” is clearly a nod to the location. Meaning “house of women” in Italian, the new eatery will be housed in the historic waterfront Miami Women’s Club located at 1737 North Bayshore Drive…

We’re in a Sellers’ Market. What Does That Mean?

Written by Miami Beach Mortgage Syndicated User on March 31, 2023. Posted in For Sellers, Miami Beach Mortgage, Mortgage Miami Beach, Selling Myths.

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house?It starts with the number of homes available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market...

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