I usually save my market updates until the end of the quarter, but with so much activity going on I figured I should write a quick snapshot in case you are thinking of buying or selling a home in the next couple of months. Since January first of this year, there have been 58 new […]

On December 20 I wrote a post about some changes to federal laws that may affect Miami’s real estate market in 2014.  I neglected to include two more (well one is a Florida State Law, but I will include it here anyway).  The first one I thought would be extended by now, but since we […]

Realty Trac’s November Foreclosure Market Report shows that foreclosure start in Florida dropped 18.02% from the previous month and a whopping 45.9% drop year-over-year; completions were down 2.72% month-to-month and 15.59% from previous year; and overall foreclosure activity was down 15% and 23% respectively. These decreases show that the foreclosure crisis is almost over, but the Florida still […]

Another banner week at EWM, with our Coral Gables office sales for the week totaling over $23,000,000 and our Miami Beach office totaling over $12,000,000! EWM’s Gables office had 24 sales, with 7 going at or above asking, and 23 new listings, 6 of which are foreclosures. Sales are going strong due to a still- […]

Many of my clients have been calling me, shocked at how rapidly home prices have risen over the last year and questioning whether the South Florida real estate market is entering a new bubble.  Although this graph confirms that prices have gone up, we are a long way off from the peak.  Given that we […]

Palm Bay-Melbourne-Titusville, Lakeland, Tampa, Jacsonville, Orlando and Miami are among the top cities in the nation to buy foreclosures, according to RealtyTrac.  That being said, foreclosures have not been overwhelming the Miami real estate market and the demand for these properties far outstrips the current supply.  If you are a buyer, do not be fooled […]

I have had several long-time customers ask me what I think is going to happen to the Miami real estate market come January.  Although I don’t have a crystal ball, and the real estate market in Miami in general has been doing well with inventories down and prices up,  with bidding wars happening as multiple […]

Black Friday brings out buyers looking for bargains and buyers looking for Miami real estate investment properties are here in droves.  While most people are enjoying time with family and friends, Realtors are busy selling properties.  Driven by news reports of increasing prices, decreased inventories, and increasing rents both local and foreign buyers continue to […]

I have written several posts about short sales and the benefits of short selling versus a foreclosure.  An article in the Miami Herald last month stated that a short sale can cause a person’s FICO score to drop by 150 points or more, thereby making it difficult for the seller to borrow in the future.  […]

Further evidence of the improving Miami real estate market can be seen in EWM’s Coral Gables office sales for last week.  The total of sales and leases was $20,484,380.  Residential sales represented 90.5% of those transactions.   The total for all of EWM’s Miami Dade County offices was over $36,000,000. Today’s Miami Herald article, “South […]