Real Estate in south Florida has always been a hot commodity. However since the reopening after last year’s lockdowns, the market has been exploding. Month after month we have seen a steady increase in the sales price for homes in South Florida. Even with property values increasing, the demand has not let up. The […]
According to Craig Studnicky, principal of Miami-based brokerage ISG World, the condo market has been pretty stable for the past two to three years. Even with many people relocating to south Florida, condo prices per square foot have remained the same. Though the average sales price rose, according to Studnicky, that was mostly due to […]
Buying a single Family home in South Florida just got more expensive. Latin American Buyers and big Tech Firms could be the reason why. According to the latest Sales Report provided by the Miami Realtors Association, the Miami-Dade County experienced a 5% increase in the median home sales price in the month of April – […]
Ever since the early days of the Covid-19 pandemic, South Florida has lured in real estate buyers from densely populated states, such as New York and California. Florida’s lower taxes, favorable weather, and relatively low number of Coronavirus cases have made the Sunshine State a no-brainer when it comes to purchasing real estate. In 2020, […]
Despite the COVID-19 breakout, Real Estate sales have seen a noticeable increase throughout 2020, compared to 2019. A continuously growing number of people are in the hunt for properties, especially among the younger generations. This is remarkably true in the state of Florida, which has seen record-breaking numbers in the final quarter of the year. […]
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 […]
