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Condoideas Realty Group - Newsletter Februar 2024

I hope you enjoyed these beautiful last days of January in Miami. Weather was finally super enjoyable, not too hot, not too cold and sunny. People over the globe are coming to Miami to enjoy the weather beaches and restaurants. For this edition of my newsletter, I will give few information regarding the real estate market for investors, an analysis concerning the middle class relocating in more affordable states (such as Florida) and the impact of the mortgage rate declines on the real estate market.

Condoideas Realty Group - Newsletter January 2024

- What are my real estate predictions for 2024? continue reading to get a glimpse. On another note since the inventory is very slim, I'll be talking about why you should sell your vacation home and lastly we'll investigate why home buyers are ready to buy but sellers are not willing to sell.

Condoideas Realty Group - Newsletter December 2023

- December is here, the best month to enjoy Miami and all the cool stuff happening in town. As I'm writing this newsletter, it's much cooler than usual and temperatures have dropped. Tourists are starting o arrive because the weather is more pleasant here than almost anywhere else. If you have just arrived in Miami, enjoy it! In this newsletter, I will cover a few real estate topics such as cities that experiences the most rapid declines in homes prices (Miami is not part of it) , when would be a good time to buy and the last article will be about more and more Americans whom owns a mortgage-free home. Concerning the events in Miami, Art Basel is the main event for December month so many exhibits will occur in the city, you should definitively try to do as many as you can. The deal of the month is a beautiful 4 bedrooms house near Hallandale Beach in Broward County.

Condoideas Realty Group - Newsletter November 2023 -

Yes the best months have finally arrived. The cooler temperatures have already showed up a little and it feels great to be in Miami. The crowd has not yet invaded the beaches nor the restaurants. Perfect timing to be down here. In this newsletter, I will cover a few real estate topics such as insurance rates, the next generation of real estate portfolio, and the current mortgage situation. Lastly, I will give you a description of a new preconstruction project in Brickell Key. Yes Brickell Key is making space for 2 new towers. I'll be also sharing some events happening in Miami during this month. The deal of the month is a condo located in Miami Beach which allows short term rentals so it can be a great investment property for you at a minimal price.

Condoideas Realty Group - Newsletter October 2023

- Many buyers are asking me if now is a good time to buy a home. The Florida housing market has seen record-breaking prices for four months in a row, and mortgage interest rates are at a 20-year high. So, should you buy a home now or wait until interest rates go down? Let's look at the pros and cons of buying now.Increased Competition: If you wait for prices or interest rates to drop, others may do the same. This can lead to more competition and even fewer available homes. Rising Rents: Rent prices can increase over time, making it less financially stable compared to fixed mortgage payments. Uncertain Supply Increase: Even if interest rates drop slightly, there may not be a surge in new home listings.

Condoideas Realty Group - Newsletter May 2023 -

When were the highest mortgage rates in history? In October 1981 with the peak at 18.45%! The current mortgage rate is close to 7% and 99% of borrowers have a mortgage rate lower than 6% nowadays. So how

Condoideas Realty Group - Newsletter March 2023

Getting a mortgage can be challenging for older borrowers with no regular income. Lenders base their mortgage decisions on income, assets, debts, and credit scores and scrutinize the source and likelihood of income continuing. Discrimination based on age is prohibited (It is not in other countries) but lenders may consider age-related factors such as impending retirement.

Condoideas Realty Group- Newsletter December 2022.

During the last decade, Florida has known a housing bloom thanks to its high level of migration and the attractive interest rates. During that period, the volume of sales was high. Nevertheless, lots of expertss predicted that this tendency would stop. We were right. The tendency has reversed. Unfortunately, you don't see lines of people anymore waiting for open houses. The majority of us, expect demand to return this winter but who knows? The nationwide market is slowing down. Nevertheless, even if the nationwide market is slowing down, people will continue investing in Florida. Experts have noticed that South Florida is still appealing despite a recession. History proved it. After the Great Recession, South Florida recovered more quickly than the other state. People will continue to move to our beautiful state mainly to reduce their exposure to taxes.

Condoideas Realty Group- Newsletter November 2022.

The high season will soon be here, the weather is already awesome. Next month, our beautiful city will glow with new residents ready to enjoy their winter in the sun. It is funny how Miami can change in a such a short period. The demand for rentals is slowly increasing and buyers are starting to have a look at their options. In this edition of my newsletter, we will have an overlook at the latest real estate news. First let's talk about the purchase of a historical Miami Beach building. Yet again, a developer wants to buy a historical property to tear it down and build a brand new condo.To give you my point of view about the actual real estate in Miami, I have analyzed a sample of 11 condominiums in Brickell to understand the main tendency in this neighborhood. Tell me if the result strikes you, I was in shock. After that, we will discuss how the Federal Reserve policy influenced the rise of mortgage rates and of course the buying power of my clients. November will be full of surprises. Don't forget to go to the NightGarden at the Fairchild Tropical Garden, I have been there at least 3 times and I'm always mesmerized.

Condoideas Realty Group-Newsletter October 2022.

After storm Ian, part of the West coast is devasted. But don't worry, we just had a few days of rain in Miami and we are back to work. It has been years since Florida experienced a similar event. Many communities have been severely affected by this event. All my thoughts to families and friends who were affected by this disaster. In this newsletter, we will firstly discover how and if hurricane Ian will alter the real estate market in Miami. Which options do families who were impacted by the storm have? Booking an Airbnb, renting a condo or buying a new place? Then, we will inform you about the ongoing of the real estate market nationwide. The evolution of mortgage rates and the desire to invest in new properties significantly impacted the marketplace. Finally, I will talk about the shift of American residents from big cities to coastal towns. Places like Miami attract more and more residents so what are you waiting for?

Condoideas Realty Group-Newsletter March 2022.

March in Miami really is a wonderful month, I am extremely happy to see the warm nights back, coming along with the handful of events throughout the city. In this edition, we'll explore all aspects of the real estate market in this very special beginning of the year.  The inventory around Miami is still very low, and the market is hot! Observing rentals and sales from both owners' and renters' views is very interesting. In the second article, we'll explore the latest news about rental policies. We'll also review the top 10 cities to live in the country, with a lovely surprise on the list. To finish, discover my wonderful pocket listing at the Yacht Club at Portofino.

How about a winter trip to the Sunshine State whilst (almost) the entire country is under the snow? February is about to be a wonderful month, full of activities, events, but most importantly real estate news! This month we invite you to have a look at the upcoming preconstruction in Midtown Miami. Also, check out the trend for Millenial homeowners, as well as the new Miami program for future homebuyers.