The housing market faces opposing forces, with potential for either a boom or bust in 2024.Lower rates could stimulate demand, sparking another housing boom as homeowners seek new opportunities....
Real Estate & Mortgage News
South Florida submarkets achieve top rankings in the "Commercial Real Estate Outlook 2024" report by CBRE. The report highlights several South Florida submarkets among the top 50 in the nation....
Home prices can drop in 2025 due to oversimplified market mechanisms. Fannie Mae's survey anticipates a slower housing market in 2024 and 2025, with growth rates of 2.4% and 2.7%, respectively....
Mortgage rates are expected to rise again in the near term due to higher-than-anticipated inflation data.Buyers had hoped for rate cuts after rates dropped from ~8% in the fall to the mid-6% range in mid-December....
The median rent for a 1-bed in Miami was $2,650 in February. It was ↓ 1.5% MoM, but ↑ 1.9% yearly. For a 2-bed, the median rent was $3,500 in February....
Around 72% of potential homebuyers believe homeownership would be financially feasible if mortgage rates dropped below 5%. However, forecasts don't predict rates falling below 6% until 2025. Despite recent rate increases, any decrease is positive for buyers. Experts suggest that rates may gradually decline, but reaching below 6% this year is uncertain. Comparing mortgage rates, even a 1% difference...
Falling interest rates and increased inventory offer more options. Rates, though not historic lows, entice new market entries....
Miami-Dade is named the hottest apartment market in the U.S. for 2024, with 14 renters competing for each unit. The city’s thriving economy, lifestyle, location, and weather pressure apartment supply....
Bright and spacious 2BD/2BA corner condo unit at Bayview Towers with water views of the bay & intracoastal waterway as well as city skyline views. This home features NEW Impact Windows & Doors, a custom-designed kitchen, & a very spacious living & dining room with a balcony. The custom kitchen has a breakfast bar, wood cabinets, quartzite counters,...
Senate Bill 280 aims to regulate short-term rentals like Airbnb and VRBO in Florida through a statewide system. The bill standardizes regulations, creates a database for rental properties, and provides funding for enforcement. Some local leaders oppose the bill, citing concerns about loss of local control. Continue to full article...