Mortgage Rates Increase But Still Under 5%

Home loan rates increased by .125% last week, in reaction to good economic news.  As interest rates increase your purchasing power decreases, so why wait for interest rates to go up further?  They are still at historically low rates.

Buying, Mortgage information
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Foreclosure Numbers Show We Still Have A Long Road to Recovery

Although national foreclosures in November were down 8%  from October, they are still up 18% over last November.  With Florida in second place behind Nevada in having the highest number of foreclosures, we are still a long way off from being able to say the market has recovered.  Recent decreases in inventory and increases in […]

Foreclosures
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South Beach Real Estate – Continuum Condo Market Update

This gorgeous oceanfront development on 12 acres is a true vacation destination, even if you live here year round!  The Continuum, in Miami Beach’s South of Fifth neighborhood, currently consists of two condo towers and several lofts. The North Tower is 50 S Pointe Drive and the South Tower is 100 S Pointe drive. The […]

Buying, Market Summary, Miami Beach, Selling
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Miami Real Estate – Market Update November, 2009

This chart shows all of the single-family homes and condos that are currently on the market for sale, are under contract and pending, or that have sold.  The most telling one is the For Sale bars as it shows a steady decrease in inventory as properties are either pended, sold, or taken off of the […]

Buying, Market Summary, Selling
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EWM Real Estate Has Another Great Week of Sales!

Thanksgiving week is normally the start of a slow time for real estate sales.  Not for EWM, however.  Our  Miami-Dade  EWM offices totaled almost $23,000,000 in sales and leases.

Buying, Luxury Real Estate, Selling
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Pending Home Sales Up 46% in Miami-Dade County

Pending home sales from March through November are up 46% in Miami-Dade County.  The number of homes pending is important because there is normally a one to two month lag between the time a property goes under contract and when it actually closes.  Once a home is pended in the Multiple Listing Service it does […]

Buying, Selling
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Miami Beach South of Fifth Condos – Direct Ocean Views!

There are currently 23 one to 3 bedroom units on the market in the South of Fifth area of Miami Beach.  This is a great area of Miami Beach to be near every thing without being too close to the night clubs and heavy tourist area.  Your neighbors include Joe’s Stone Crab, The Big Pink, […]

Buying, Miami Beach, Neighborhood News, Restaurants
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Miami Beach Condos – Best Buys under $300,000

Even though the week of Thanksgiving normally kicks off the “slow” time for most real estate sales, in Miami it often kicks up the second high season.  With the opening of Art Basel, Miami this week and the start of winter up North, traffic increases again, especially for condos on the beach.  Here is a […]

Buying, Foreclosures, Miami Beach
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Miami Beach Condos Have Many Different Architectural Styles

There are so many different styles of architecture on Miami Beach, it is no wonder that just about anyone can find their ideal building or home on the Beach.  From the Art Deco and post war buildings of passed decades to the current luxurious high rises, there are plenty of options in all price ranges […]

Buying, Miami Beach, Selling
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Sales Under $250,000 Drive October's Existing-Home Sales Surge

48.5% of the increase in sales reported by NAR were under $250,000.  In the South, 51.6% of the sales were under $250,000.  The increase in sales was largely due to the expiration of the first-time homebuyers credit, which President Obama ended up extending and expanding.  Most experts expect the next couple of months sales to […]

Buying, Market Summary, Selling
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