Buying a first home is a major life event that can be both exciting and challenging. Florida offers attractive incentives for new homebuyers through Florida Housing Finance Corporation (FHFC). FHFC provides programs like the Florida First Mortgage Program with lower interest rates....
Exploring the Real Estate Landscape: Investing in Multi-Family Properties Continue to full article...
Home prices are expected to remain high in 2024, with limited inventory and high mortgage rates contributing to the elevated prices. Mortgage rates may fall slightly, but not significantly. Prospective buyers are advised to save for a down payment and work on improving their credit score. Wells Fargo and Chase savings accounts are not recommended for those looking for high-yield savings options. Income...
Only 2% of Miami homes sold at a loss from Early-Fall to Mid-Fall. Nationally, > 3% of U.S. homes experienced losses, with a ↑ 2.4% yearly. The median loss across the country was ~ $40K according to data....
University of Florida researchers found half of all households in Miami-Dade County are “cost-burdened,” with individuals pay more than 30% of their income on housing. Continue to full article...
Miami-Dade County's median sales price for houses is $618,217, up from $575,000 a year ago. Condo prices also increased, reaching $405,000 from $388,531. Broward County witnessed a similar trend with higher prices for single-family homes and condos....
Price your home competitively by conducting a market analysis or seeking guidance from a Real Estate professional. Consider selling to Real Estate investment companies for flexibility on home condition and quick cash transactions....
Pros: 1. Lower initial interest rates 2. Potentially lower payments if rates drop 3. Rate caps limit extreme interest rate increases...
The answer: It depends. Mortgage interest is only deductible when the loan — even if it’s a second mortgage — is used to buy, build or substantially improve your home. So if you used your HELOC or ... Continue to full article...
Miami-Fort Lauderdale-Pompano Beach is ranked 8th among large metros with the highest rents. Overall, the median rent in the metro was $2,450 in Early-Q4. Median rent by size: - Studio: $1,753 - 1-bed: $1,963...
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