While historically the homebuying season reaches a peak towards the last quarter of the year, 2020 has proven to be a remarkable exception. A continuously growing number of people are in search of acquiring a home, and the spike has not shown signs of withering down. And amongst the seeking homebuyers, experts have observed a […]
A recent report released by Zillow revealed that the number of households headed by a Latinx member that own their homes is at its highest since 2008. Latinx refers to individuals who identify with Latino, Hispanic, or Spanish origin. There are roughly 60 million people in the US who identify as Latinx, comprising 18% of […]
As with many things in 2020, the housing market is in an “uncertain” place right now. In previous months, the industry has seen an increase in new home mortgage applications in regards to 2019, amid the Coronavirus. But, at the same time, experts forecast a tsunami of chapter 7 bankruptcy cases due to the impact […]
No one expected 2020 to be the year of a global pandemic. Up until the initial months of the year, everything was business as usual (with a few exceptions). But now COVID-19 has changed the way we live our lives. And has also changed the way we do business. This is especially true when it […]
The Builder Application Survey (BAS) sponsored by the Mortgage Bankers Association (MBA) indicates an increase of 54.1 percent in mortgage applications for new home purchases in June 2020, compared to June 2019. The BAS also indicates a 20 percent increase in regards to May 2020. The registered variation does not take into account any adjustment […]
The estimated taxable real estate value rose for most Miami-Dade municipalities and for all Broward county. The State of Florida performs property appraisals every year in January. This year, right before COVID-19, the valuation created some agitation in the real estate market. The preliminary estimated taxable value increased by 4.6% in Miami-Dade, from $307.2 billion […]
The March 2020 report from the Miami Association of Realtors, shows an increase of sales in the real estate market. “The Miami real estate market extended its run of solid expansion through March 2020,” said Jorge L. Guerra Jr. the association’s chairman of the board. “While COVID-19 is expected to temporarily impact home sales on […]
Dear valued clients, Thank you for being our customer and allow us to help you the very best we can. At this time of uncertainty, we want you to know we are here to assist you and your clients. We remain open to process your real estate closings. In an effort to comply with the […]
During the process of buying and selling real estate, several documents among the execution of the deed and the mortgage must be notarized; we are happy to share that Florida passed a new bill that allows remote online notarization (RON) for real estate transactions. The House Bill 409 went into effect on January 1, 2020. […]
The drop in mortgage rates during 2019 marked a dramatic turnaround from the previous year expectations, when mortgage rates briefly reached 5 percent and the Federal Reserve indicated two interest rate increases. Instead, surging trade wars shivered confidence in the markets, the Fed cut rates and investors —hungry for the relative security of mortgage debt […]
