What Is Going on with Mortgage Rates?

Written by Miami Beach Mortgage Syndicated User on May 3, 2024. Posted in Miami Beach Mortgage, Mortgage Miami Beach, Mortgage Rates.

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead.Economic Factors That Impact Mortgage RatesWhen it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be...

The Perks of Buying over Renting

Written by Miami Beach Mortgage Syndicated User on May 2, 2024. Posted in Miami Beach Mortgage, Mortgage Miami Beach, Rent vs. Buy.

Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place.1. Home Values Typically Go Up Over TimeThere’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term, home prices almost always go up (see graph below):Using data from the Federal Reserve (the Fed), you can see the overall trend is home prices have climbed steadily for the past 60...

What More Listings Mean When You Sell Your House

Written by Miami Beach Mortgage Syndicated User on May 1, 2024. Posted in For Sellers, Inventory, Miami Beach Mortgage, Mortgage Miami Beach, Selling Tips.

The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right.But the supply of homes for sale is growing. According to the latest data from Realtor.com, new listings (homeowners who just put their house up for sale) are trending up (see graph below): This graph shows more homeowners are putting that sale sign up in their yards compared to...

Now’s a Great Time To Sell Your House

Written by Miami Beach Mortgage Syndicated User on April 30, 2024. Posted in For Sellers, Miami Beach Mortgage, Mortgage Miami Beach, Mortgage Rates.

Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move.Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percent of respondents who say it’s a good time to sell is on the rise (see graph below):Why Are Sellers Feeling so Optimistic?One reason why is because right now is traditionally the best time of year to sell a house. A recent article from Bankrate says:“Late spring and early summer are generally considered the best...

The Michelin Guide Extends Its Honors To Hotels – These Miami Properties Are The First Recipients

Written by Miami Beach Mortgage Syndicated User on April 29, 2024. Posted in 1 Hotel & Homes South Beach, Design & Architecture, Faena House, Four Seasons, Mandarin Oriental, Market Trends, Mayfair Hotel, Miami Beach Mortgage, Mortgage Miami Beach, Mr. C Coconut Grove, Neighborhoods.

Long renowned for its’ luxury travel tips, The Michelin Guide has expanded its’ ratings from the coveted Michelin Stars for restaurants to add Michelin Keys for hotel and resort properties. 2024 is the debut year for the Michelin Key Hotels honors and unsurprisingly, Miami is well-represented on the list. In order to receive a distinction, the hotel property must be far more than an overnight lodging. These properties are highly curated and inspired offerings that significantly add to the traveler’s experience through five categories: architecture and interior design, quality and...

Equity Can Make Your Move Possible When Affordability Is Tight [INFOGRAPHIC]

Written by Miami Beach Mortgage Syndicated User on April 27, 2024. Posted in Affordability, Equity, Infographics, Miami Beach Mortgage, Mortgage Miami Beach, Move-Up.

Some HighlightsDid you know the equity you have in your current house can help make your move possible?Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer. The typical homeowner has $298,000 in equity. If you want to find out how much you have, connect with a local real estate agent for a Professional Equity Assessment Report.

Swire Offers The Residences At Mandarin Oriental, Miami Penthouse For $100 Million

Written by Miami Beach Mortgage Syndicated User on April 26, 2024. Posted in Brickell Key Condos, Luxury Condos, Mandarin Oriental, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction, Penthouses, Swire Properties.

Brickell Key’s crown jewel development is offering a glimpse into their crown jewel residence. The Residences at Mandarin Oriental, Miami has released two renderings and a few details on their jaw-dropping upper penthouse that is now offered for a reported $100 million. The centi-million price tag of the Mandarin’s penthouse is not simply a reflection of the current state of Miami’s luxury real estate market. The Residences at Mandarin Oriental, Miami is the culmination of over four decades of development on the tiny residential island. It will rise on the last available waterfront lot and...

The Four Seasons Private Residences, Coconut Grove Officially Launches | First Renderings

Written by Miami Beach Mortgage Syndicated User on April 26, 2024. Posted in Coconut Grove Luxury Condos, Coconut Grove Preconstruction, Four Seasons Coconut Grove, Miami Beach Mortgage, Mortgage Miami Beach, Neighborhoods, New Construction, Renderings.

A world-class team has converged in Coconut Grove, set to bring an iconic standalone residential offering to Miami’s historic Coconut Grove. The Four Seasons Private Residences, Coconut Grove has officially launched, with the development team of Fort Partners and CMC Group releasing the first official renderings and details. Four Seasons Residences Private Residences Coconut Grove’s Development Team The project is spearheaded by a partnership between Miami’s CMC Group and Fort Partners, two of the most prolific Florida development companies. CMC Group is led by Ugo Colombo, whose mark is...

Is a Multi-Generational Home Right for You?

Written by Miami Beach Mortgage Syndicated User on April 26, 2024. Posted in Buying Tips, For Buyers, Miami Beach Mortgage, Mortgage Miami Beach.

Ever thought about living in the same house with your grandparents, parents, or other loved ones? You’re not alone. A lot of people are choosing to buy multi-generational homes where everyone can live together. Let’s check out why they think it’s a good idea to see if it might be a good fit for you, too.Why People Are Choosing Multi-Generational LivingAccording to the National Association of Realtors (NAR), here are just a few key reasons buyers opted for multi-generational homes over the past year (see graph below): Two of the top reasons had to do with aging parents. 27% of...

Foreclosure Numbers Are Nothing Like the 2008 Crash

Written by Miami Beach Mortgage Syndicated User on April 25, 2024. Posted in Foreclosures, Miami Beach Mortgage, Mortgage Miami Beach.

If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. And that may leave you feeling a bit worried about what’s ahead, especially if you owned a home during the housing crash in 2008.The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.Here’s the latest information stacked against the historical data to put your mind at ease.The Headlines Make the Increase Sound Dramatic – But It’s NotThe increase the media is calling attention to is...

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