If you read the papers, listens to the news, or talk to friends, neighbors and acquaintences about the real estate market, you could be very confused as to what is “real” about it. Foreclosures and short sales are still high. Unemployment is still high and actually rose more vs. high and dropping. Inventory is still […]
Congress recessed and the flood insurance program expired last night. Lost in a debate over unemployment, COBRA payments and other issues, the National Flood Insurance Program was not extended and expired last night. This could mean delayed closings if you are purchasing a property where the lender requires flood insurance, since the NFIP is the […]
According to an article in today’s South Florida Business Journal, a report by IHS Global Insight suggests that in grossly overvalued markets, prices dropped an average of 37% from 2005 until the fourth quarter of 2009. In Miami, prices have fallen 35.8% in that time frame. The report suggests that for the country as a […]
Amazing views from this beautiful apartment at the Verona in Deering Bay. Amenities available include: small and large boat marinas, golf, tennis, restaurant, pools, gym and peace and tranquility. Proximity to downtown Miami, airport, Coral Gables, South Miami, University of Miami, Baptist Hospital, Pinecrest and Dadeland and the Falls shopping centers make this the perfect […]
The main reason the current mortgage market is like the diamond trade is because the Fed’s current policy has been to create the market for mortgage backed securities. The Fed agreed to spend $ 1.25 trillion through the first quarter of 2010 to purchase mortgage bonds, thereby keeping interest rates low and stimulating the housing […]
This house is great for entertaining; it is like having your own country club in your back yard! A North/South tennis court, pool, and large covered patio with electric awning and pass-through to kitchen make this deep acre lot the place to be. A large kitchen with granite counter tops, spacious living and dining room, […]
The S&P Case-Shiller Home Price Index for December will be out on Tuesday followed by the Commerce Department’s new home sales report on Wednesday and existing home sales report on Friday. These three reports will help give Wall Street, and the rest of the country, an idea of how the overall housing market is doing.