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Tag: #miamimortgage

How Inflation Affects the Housing Market

Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two.The Relationship Between Housing Inflation and Overall InflationShelter inflation is the measure of price growth specific to housing. It comes from a survey of renters and homeowners that’s done by the Bureau of Labor Statistics (BLS). The survey asks renters how much they’re paying in rent, and homeowners how much they’d rent their homes for, if they weren’t living in them.Much...

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Construction Updates For E11even Residences And Beyond

E11EVEN Residences and Beyond in Downtown Miami has received it’s Urban Design Review Board approval for the 65-story tower’s design, giving them the go-ahead to continue with construction after having begun the site work after groundbreaking earlier this summer…

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Buyer Traffic Is Still Stronger than the Norm

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time of...

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Miami Spice 2023 | Participating Michelin-Recommended Restaurants Part 2

For our grand finale of Miami Spice 2023, we are venturing to Michelin-Recommended restaurants based in the Coral Gables area. We hope that you enjoy our guides and that they help you to venture out and try something new in our beautiful city. It is a fun way to broaden your horizons…

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Why You May Still Want To Sell Your House After All

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says:“Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market.”So, ask yourself this: why did I want to move in the first place?Chances are your...

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Gen Z: The Next Generation Is Making Moves in the Housing Market

Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning their own homes.If you’re a member of this generation, and you’re interested in pursuing your own dream of homeownership, here’s some information you may find helpful on why and where your peers are buying.The Reasons Gen Z Want To Become...

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St. Regis Residences, Miami In Brickell Files For Construction Permit + Releases A New Amenity

While the demolition permit of the existing structure at 1809 Brickell Avenue is being considered, Related Group has filed for their construction permit to begin work on St. Regis Residences, Miami. While this happens in the background, they are also offering a new amenity to the owners…

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Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC]

Some HighlightsThere are only about half the number of homes for sale compared to the last normal years in the market. That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight. If you’re thinking of selling, get in touch with a local real estate agent so your house can stand out while there’s such a shortage of supply and buyers are craving more options.

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A Construction Update For The Waldorf Astoria Miami Residences (And Some Bonus History)

Since our last update in March, the developer of Waldorf Astoria Miami Residences in Downtown has been hard at work getting ready for the tallest tower South of New York to rise 100 floors over Downtown Miami…

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