South Florida On The Market

One week earlier, a 30-year, fixed-rate mortgage averaged 3.05%; a year ago, it averaged 2.67%. Most economists predict more slight rises in 2022. Average long-term U.S. mortgage rates moved slightly higher in the final week of 2021. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark, 30-year home loan ticked up to 3.11% this week from 3.05% last week. A year ago, the 30-year rate stood at 2.67%. The average rate on 15-year, fixed-rate mortgages, popular among those refinancing their homes, rose to 2.33% from 2.3% last week. It was 2.17% a year ago. Many economists expect rates to rise next year after the Federal Reserve announced earlier this month that it would begin dialing back its monthly bond purchases – which are intended to lower long-term rates – to combat accelerating inflation. But even with the expected three rate increases next year, the Fed’s benchmark rate would still be below 1%. Despite historically low interest rates, many would-be hom

As Miami continues to grow, the same can now be said for its historically underutilized riverside district. Developers Driftwood Capital and MV Real Estate Holdings have announced plans to develop the Riverside Wharf Miami. Two towers rising 10 stories have been proposed, which will include the Dream Miami luxury hotel with 165 rooms, along with restaurant and entertainment spaces. A private marina and public riverwalk are also in the works. Architecture and landscape design will be by Jon Cardello of Cube3 architects and Savino-Miller Design Studio.  Construction is planned to begin in 2022, with completion in 2025. More information to come as it becomes available. Click the link to view properties for sale in the area:  Condos For Sale

St Regis Residences are set to launch sales in January 2022. Located at 1809 Brickell Ave. The two towers will continue to build on Miami’s global reputation. With units ranging from one-bedrooms to 7,000 square-foot duplexes and pricing starting at $2 Million, the luxurious buildings will remain true to the St. Regis’ historic five-star service. Brought to us by t he Related Group and Integra Investments, the 354 unit, 48-story Brickell development will be designed by Robert A.M Stern Architects. More information to come as it becomes available. Click the link to see other properties for sale in the area:  Brickell Condos For Sale

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

Though it’s located just a few miles from downtown Miami, One Park Grove feels like a peaceful world unto itself. And in addition to its unmatched bayside location, residents here have access to a wealth of services and amenities that rival those at any of the area’s high end hotels or members clubs. Here, residents’ needs are anticipated, their desires fulfilled, and their expectations exceeded. From its rooftop pool to its on-call butler service, One Park Grove represents the absolute pinnacle of luxury living. When it comes to services, all residents have access to a 24-hour concierge, valet, and butler, so no need will go unmet. At One Park Grove, every facet of life is attended to with assiduous attention to detail and the highest level of discretion. For more information: http://www.malenyshernandez.com/project-details/161/park-grove 3,679 sq.ft. / 340 sq.m. total 3 bedrooms 4 bathrooms 1 powder room 5th bedroom option 12 foot floor-to-ceiling glass overlooking Biscayne Bay

Having a hard time attracting buyers? Consider these ideas to revive your home's potential. 1. Check Off the basics. If you haven't done so already, eliminate clutter and family photos, repair obvious flaws and have the home professionally cleaned. 2. Rethink room staging. Can you shift around furniture to make small rooms look more spacious, or to create focal points in large spaces?   3. Amp up the color. With the right color combinations, you can make rooms look larger, or extra cozy, or more visually interesting, changing the entire feel of your home. 4. Boost curb appeal. Even simple steps like putting down new mulch, planting bright-colored flowers and painting your front can make your home look more inviting. 5. Update Your Photos. Consider new listing photos that play up your improvements and give the home a new look online.  6. Change Your Property Description. The best descriptions stage a home with words, helping buyers visualize how they'll enjoy the featur