Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December:
Federal Housing Finance Agency (FHFA): 17.6%
S&P Case-Shiller: 18.8%
CoreLogic: 18.5%
To show that they’re not seeing signs of softening, here’s a graph that gives the progression of all three indices for each month of 2021.
As the graph above reveals,...
At a time when inventory in Miami is at an all-time low and demand is at an all-time high, there could be no better timing of a flux of pre-construction projects on the horizon. With all of the people flocking to South Florida from the New York, Connecticut, California and Illinois, leaving a depleted supply of…
For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today’s market. That’s why, when asked what they find most difficult in the homebuying process, some buyers say it’s one of the hardest steps on the path to homeownership. Data from the National Association of Realtors (NAR) shows:
“For first-time home buyers, 29 percent said saving for a downpayment [sic] was the most difficult step in the process.”
If you’re finding that your down payment is your biggest hurdle, the good news is there are many down payment assistance programs available that...
Vita at Grove Isle, formerly known as “The Markers Grove Isle,” has been secretly marketed by a handful of luxury brokers for the past few weeks before the word was leaked to the public, and although sales have still not “officially” launched, the project is already 20% sold…
Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential.
Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in...
Mr. C Tigertail Residences has just hit 50% in sales even though they launched sales merely 5 months ago, and the developer, David Martin of Terra Group along with the Cipriani brothers, have released new renderings of the new luxury project. Check out all the new renderings here…
If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your home.
If that’s the case, you’re not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the Wall Street Journal...
The Standard is known around the world for its quirky yet chic brand image, offering a fun & comfortable vibe that is rich in culture, and what better area in Miami would be available than Midtown? The proximity to nightlife, high end shopping, everyday living, art galleries & everything else that Miami offers is key…
No expense has been spared in the 12,000 square foot sales gallery. Over $10 million has been spent on the oceanfront buildout. The gallery will house a 6,000 sf model apartment, theater, broker’s lounge with champagne and Macallan whiskey flowing and an immersive Bentley Brand room…
Some Highlights
If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home.
As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan.
If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership.
Content previously posted on Keeping Current Matters