The National Association of Realtors (NAR) predicts a 6% average mortgage rate for 2025, which could enhance housing affordability and demand. This forecast includes 1.45 million new housing starts, primarily single-family homes, and a median home price increase to $410,700. While lower mortgage rates may stimulate the market, challenges like supply shortages and regional price disparities remain. The...
Real Estate & Mortgage News
Presidents' Day celebrates all past and present U.S. presidents. It reflects on the nation's founding principles and values, including the Constitution and union. Reading of Washington's Farewell Address by a U.S. senator remains an annual event for decades.Many patriotic and historical groups celebrate Presidents' Day with reenactments and...
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was common for friends and lovers of all...
By 2030, house prices are projected to rise significantly, with the average home costing around $382,000, up from $257,000. California and Hawaii are expected to be the most expensive states, with median home values reaching over $1 million and nearly $890,000, respectively. Other states like Washington, Colorado, and Utah will also see high prices due to demand and limited supply. Economic factors,...
Commercial foreclosures rose 11% from the previous month and 27% from the previous year, reaching 725 in December 2024, one of the highest levels in recent years. California led with 257 foreclosures, followed by New York with 73 and Florida with 67. The increase reflects financial strain in the commercial sector due to interest rates and economic pressures. Historical data shows cycles of distress and...
Easier Market for Buyers: Real Estate experts predict 2025 will offer a more stable South Florida market.Interest Rate Stabilization: Interest rates are expected to stabilize around 6% to 6.5%, easing affordability....
Se espera que las tasas hipotecarias bajen en 2025, facilitando la compra de vivienda. Además, más propietarios podrían vender, aumentando el inventario y las oportunidades en el mercado.Aumenta tu puntaje crediticio pagando facturas a tiempo y corrigiendo errores en tus reportes de crédito....
Florida, particularly South Florida, is experiencing strong demand for office space despite national vacancy rates reaching a 45-year high. A report indicates that one-quarter of U.S. office space could be vacant by early 2026, largely due to remote work trends. In contrast, South Florida's business-friendly environment has attracted companies, resulting in lower vacancy rates compared to major...
Prime commercial property on Collins Ave in Sunny Isles Beach, surrounded by affluent clientele from Bal Harbour, Aventura, and Golden Beach. This 3,688 sq. ft. building sits on a corner lot with exceptional visibility at a high-traffic intersection, with over 54,000 vehicles passing daily. Across from the iconic Porsche Design Tower and minutes from luxury...