Interest rates have dropped again.  They are currently around 3.75% making properties even more affordable!  Now your challenge will be finding a property.  Inventory in Miami has dropped significantly and the competition with cash buyers is fierce.  In the last two weeks I have seen several properties go on the market and have multiple offers […]

Edina Realty, a Minneapolis-St Paul real estate subsidiary of HomeServices of America, Inc., has decided to stop syndicating its listings to non-brokerage sites, such as Realtor.com, Trulia,  and Zillow.   Edina’s arguments are outlined in Inman News and bring up some interesting concerns regarding “advertising” on third party sites. I work with several buyers and […]

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 […]

I have lived in Miami for over 20 years and would have a hard time following these directions “6 BLACKS NORTH OF MIARCALE MIE”.  I am not making that up.  Luckily I played a lot of “Scramble” as a kid and deciphered it to read 6 blocks north of Miracle Mile….

Today the National Association of Realtors will be in Washington DC to address several real estate issues that Congress is contemplating to address the federal deficit.  Some of the issues being addressed include: Mortgage Interest Deduction: long enjoyed by homeowners, this deduction has been recommeded to be eliminated as part of  large tax reform proposal Capital Gains – Exclusion […]

Miami and Phoenix are seeing a rise in asking prices, based on a Trulia Price Monitor Report.  There are still a lot of good buys out there, but many buyers are frustrated when a new property comes on the market and goes under contract almost immediately.  Decreasing inventory and aggressive pricing by listing agents, mean […]

I drive Riviera every day on my way to and from work and love all of the renovations that have been going on on that street between Hardee and U.S.1.  Whether on a waterfront lot, like the house below, or a dry lot, over 6 homes have recently had major remodeling done. I love the […]

This bank-approved short sale at The Grandview Palace in North Bay Village has water views from every room.  Other features include: crown molding baseboards updated kitchen with stainless steel appliances, granite counters & a pantry two full baths two good-size balconies All this for $136 per squar foot!

Come by for lunch and preview this updated home.  3/2, newer roof & septic, hurricane shutters, gas stove, room for pool and great price $449,000!

During a Sunday get together, the rent vs buy question came up and a lively discussion ensued.  The individuals who were pro-renting argued that renting provided: cash flow/opportunity cost:  not having money tied up in a mortgage, taxes, and insurance, allowed more money for investing, travelling, miscellaneous purchases  flexibility:  if they wanted to move into different […]