Home prices in Florida are up according to Florida Association of Realtors January Housing report. The same holds true for the Miami real estate market. Inventories have been decreasing steadily, as can be seen in the graph below.
Category: Investment Real Estate
The difference between home ownership and investment real estate
The 49th annual Coconut Grove Arts Festival is just one of the many art festivals and events that take place in Miami. We have art walks in a variety of neighborhoods (Coral Gables, Coconut Grove, Little Havana, Wynwood)throughout the year, the Beaux Art Festival, Art Basel, and many other satellite fairs. If you are an art lover in town for the festival and are considering a real estate purchase, here are some areas to consider
Coconut Grove
Coral Gables
Miami Beach
Brickell
Wynwood/Midtown Miami
Aventura/Sunny Isles
The 49th annual Coconut Grove Arts Festival is just one of the many art festivals and events that take place in Miami. We have art walks in a variety of neighborhoods (Coral Gables, Coconut Grove, Little Havana, Wynwood)throughout the year, the Beaux Art Festival, Art Basel, and many other satellite fairs. If you are an art lover in town for the festival and are considering a real estate purchase, here are some areas to consider
Coconut Grove
Coral Gables
Miami Beach
Brickell
Wynwood/Midtown Miami
Aventura/Sunny Isles
If you are visiting Miami for the International Boat Show, welcome. Whether you are here for the first time or have been here often, if you are here for boats check out the marina resources on the right hand side of this blog. Interested in properties that are close to marinas? How about homes with their own dock? Boating around Miami, to the Bahamas or beyond is just one more reason I Love So Fla!
If you are visiting Miami for the International Boat Show, welcome. Whether you are here for the first time or have been here often, if you are here for boats check out the marina resources on the right hand side of this blog. Interested in properties that are close to marinas? How about homes with their own dock? Boating around Miami, to the Bahamas or beyond is just one more reason I Love So Fla!
Last week we did over $21,000,000 in sales. This week was over $17,500,000 with 32 sales and only 14 new listings. Inventory in Miami-Dade is decreasing steadily, as illustrated in the graph below. Inventory is even tighter once you start looking in a specific price range and community.
Last week we did over $21,000,000 in sales. This week was over $17,500,000 with 32 sales and only 14 new listings. Inventory in Miami-Dade is decreasing steadily, as illustrated in the graph below. Inventory is even tighter once you start looking in a specific price range and community.
I started receiving graduation announcements from friends’ children and my own son will be graduating in May. With all that is going on in the economy, I started thinking that maybe my husband and I should buy real estate that one of our three children could eventually live in. If you consider how much properties, salaries, job opportunities and the stock market has dropped and how much rents have risen, it kind of makes sense doesn’t it? Would you purchase property that your children could live in once they graduate? Or have you already?
Rents are tight in most markets and, due to the numbers of foreclosures, short sales, and number of people who have lost their jobs or have had their work hours decreased, the trend is expected to continue at least for the short term. However, Jim Woodard predicts this is a temporary trend.
If you are a renter, you may want to consider the affordability index in the city you live and work in and calculate the cost of renting vs. buying. If you are a landlord, you may want to look at Money Magazine’s Best Cities to Be a Landlord list
Tom Kelly addressed the issue of the mortgage interest deduction going away. Many argue that it is one way of raising taxes and decreasing the bulging federal deficit. What do you think?
Related blog:
Mortgage Interest Deduction: Should It Be Phased Out?