Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.
The sales gallery is conveniently located near the construction site where the tower will soon stand and offers a unique opportunity to experience firsthand the elevated concept that Cipriani Residences Miami is bringing as well as the convenience of the location…
The Light Group at Douglas Elliman is proud to announce another new neighbor has been added to the chic South of Fifth enclave of South Beach. After much searching, considering and negotiating, we are very proud to have put together an exceptional deal for $7.3 million on a one-of-a-kind, high-floor residence…
The official poster of the 59th Annual Coconut Grove Art Festival was designed by Benjamin Frey, who depicts a rich history of aviation in our quirky yet cool community…
It’s time to start looking forward to the Coconut Grove Arts Festival! The 59th Annual Coconut Grove Arts Festival is scheduled to take place February 18, 19, and 20th at 2700 South Bayshore Drive…
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.