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 […]

Location, Location, Location!  This house is walking distance to South Miami plus: – Updated kitchen with stainless steel appliances, gas stove, granite counters, – Newer roof and septic tank – Hurricane shutters – 3bedroom/2 bath/1 car garage $450,000.  7925 SW 55 Ave., details

Several articles in newspapers this week plus the Case Schiller index, help to illustrate the importance of remembering that real estate is local.  Just because national housing news is negative, does not mean that is the case in Miami! Miami real estate prices appear to be stabilizing and in some areas are actually starting to creep up. […]

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.

The Jade is a beautiful, modern, waterfront building that is walking distance to all of the activity on Brickell Avenue.  Built in 2004, the Jade has amazing resort-like amenities including a spectacular infinity pool, state-of-the-art gym, entertainment rooms, private elevators to your residence, and views galore. The Jade was one of the first luxury buildings […]

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 […]

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 […]

Still doubt the Miami real estate market is rebounding?  EWM’s Coral Gables/South Miami office did over $21,000,000 in sales this week.  We had 12 new listings and 21 sales.  Inventory is decreasing and buyers are still out there in droves.

There was a great Viva Miami MediaPlanet insert in today’s Miami Herald titled: Miami Grows followed by, “Industries unite in the expansion of PortMiami, as the city sets sights on becoming an economic engine for South Florida and the nation”. Though obviously a promo piece, it spews out some positive numbers: – PortMiami contributes more […]

Money magazine reports that 30 year mortgage rates dropped to 3.94% to tie rates last hit in October.  15 year rates hit new record low.  I might have refinanced a bit too early, but changing my last interest rate to a lower one saved me over $300 per month on my mortgage payment even though […]