South Florida On The Market

Oceanfront living in Surfside blocks from Bal Harbour Shops. Spacious one-bedroom unit with an open floor plan and two full bathrooms. Featuring water and city views from the oversized balcony and a stunning panoramic sunset scenery in the evenings. Easy access to the beach, lounge chairs, jogging path, pool, spa, gym, BBQ area with seating, valet, in-house management, and 24hr lobby attendant. Tennis courts across the street and minutes from shopping, restaurants, grocery store, and entertainment. Located next to the ultra-luxurious Eighty Seven Park by Renzo Piano.

Mortgage rates in the U.S. have hit another record low. The average for a 30-year, fixed loan tumbled to 2.72%, down from 2.84% last week and the lowest in data going back almost 50 years, Freddie Mac said in a statement Thursday. It was the 13th record low this year. The previous one, 2.78%, held for two weeks. Americans are racing to scoop up homes, taking advantage of 30-year loan costs that have been below 3% since July. While the boom is a key source of strength for the pandemic economy, demand is far outstripping supply, sparking  bidding wars  and pricing many would-be buyers out of the market. Weaker  retail sales  data released this week helped push down yields for the Treasury bonds that guide mortgages, suggesting consumers are becoming more hesitant amid a resurgence of Covid-19 cases and lack of a fresh federal stimulus package. Read the full story here Start your South Florida home  here

MIAMI  — Miami-Dade County median prices increased year-over-year in April 2020 as home sales saw expected declines as a result of the global COVID-19 situation, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. “Despite the expected COVID-19 impact on April sales, we are already seeing a surge in pending sales that will result in a significant increase in closed sales in the next couple of months,” MIAMI Chairman of the Board Jorge L. Guerra Jr. said. “With stay-at-home orders ending and South Florida slowly reopening, listings and buying activity has definitely rebounded. Pent-up demand, historically low mortgage rates and the robust fundamentals of the South Florida housing market is already leading to increased buying activity.” The market bottomed in mid-April and surging pending sales should result in sales increases in the next couple of months. South Florida Realtors are seeing a rise in mortgage applications and additi

Selling your home is often an emotional decision. Homeowners can feel an attachment to their home because of the memories they’ve created there, the lessons they learned as a homeowner, the pride they feel in owning. But when the time comes to move out, whatever the reason—upsizing, downsizing, relocating—you’ll want to know these top 5 common mistakes that sellers make so you can avoid them. 1. Letting Emotional Attachment Influence the Asking Price Your home might be your most prized possession, but it’s also an asset and the market determines it’s value. Allow an objective and knowledgeable real estate agent to value your home to ensure a reasonable listing price that will result in a sale. 2. Overpricing your Home We know you love your home, but don’t worry, others will too if it’s priced fairly. Overpricing your home will only result in a stale listing and further price reductions. 3. Not Making Necessary Repairs and Removing Clutter Improve your property’s value