Tagged : condos

Found 38 blog entries tagged as "condos".

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Five compelling reasons Selling your home or Condo this summer makes sense.

1. Strong Buyer Demand: The most current Buyer Traffic Index from the National Association of Realtors (NAR) reports that buyer demand continues to be strong across the vast majority of the country. These home buyers are ready, willing, and able to step up and make a purchase. These buyers are in the market right now!

Very often, more than one buyer is competing for the same property. Take full advantage of the home buyer activity presently in the market.

2. Less Competition: Inventory for homes and condos is at or just under the 6-month supply needed for a normal real estate In other words, there are not enough homes and condos for sale to satisfy the demand from

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Pet Friendly HOmes Sought by buyers

One of the many reasons for Owning your own home is the opportunity to bring your four-legged family member along with you. A recent study by NAR (National Association of Realtors) found that a love for our pets, has had a significant impact on the home buying and selling process.

In 2018, more than 72 billion was spent on pets in the United States. William E Brown, NAR's President elaborated on the connection between pet owners and their property search.

Mr. Brown suggested, "It is important to understand the unique needs and wants of animal owners when it comes to home-ownership. Realtors® understand that when someone buys a home, they are buying it with the needs of their whole family in mind; ask pet

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The Impact of A Lack Of Housing Inventory

 As the housing market travels down the road to complete recovery, the housing bust of a decade ago is a faded memory. Home values have increased, home and condo sales are up, and distressed properties (short sales and foreclosures) have dropped to the lowest points in years. Forecasts for the housing market the rest 2018 is a continued strengthening.

However, the shortage of inventory may be a cause for concern. Buyer Demand typically rises during the summer months, however, the supply of properties is not keeping up with the demand.

Industry Expert's Take

NAR's Chief Economist, Lawrence Yun was quoted as saying, "The worsening inventory crunch through the first 3 months of the year inflicted even

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Parents Say Their Kid's Opinion On What House To Buy Matters

Harris Poll recently released a study by Sun Trust Mortgage reporting that "55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their child played a significant part in their decision to buy."

Diving further into the report by parent's age, millennials (18-36 year olds) lead the pack with 74% of home-owners stating that the opinion of their child was a big contributing factor in choosing the home they purchased. 

83% of renters believe that their child's opinion on which home to purchase will be a significant factor in their decision process when they begin looking at homes for sale or condos for sale.

With That

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As the 2015 year ends, the overall picture for real estate across the country is very positive. With improved job numbers and mortgage rates still at fairly low levels, home sales have driven the best results in the real estate market since the recovery began. Usually, during the last few months of the year as most of the country faces the winter weather, real estate activity tends to slow down. However, that is not the case for this year.

Findings from the US Department of Housing and Urban Development (HUD®) most recent scorecard which monitors key market data and recovery efforts, real estate activity had continued strong into October. According to the report, there was a 10.7 percent rise in sales for new construction homes sold in October combined

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Recent findings from Freddie Mac’s Multi-Indicator Market Index show over the last twelve months, states and metropolitan areas who’s real estate markets have regained their stable activity range has doubled. The MiMi looks at real estate markets across the country and measures houses for sale and condos for sale in these markets against their long-term average to understand how quickly these markets have bounced back.

The study shows the national real estate housing market is reaching the outer limits of stable activity, however, it is still significantly lower than it’s highest level. Freddie Mac’s deputy chief economist, Len Kiefer says markets in general are coasting at their own individual pace. He said, “When we observe MiMi's annual improvement,

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The latest Weekly Applications Survey conducted by the Mortgage Bankers Association® finds demand for home purchase is currently up 29 percent higher than for the same period in 2014. Since purchase application demand is widely looked at as a reliable gauge for future home sales, predictions are that we will see a sales bump in the coming months.

The good news was revealed during a week that found loan demand to purchase homes for sale and condos for sale very much flat from the previous week and at the same time mortgage rates rose. Rates for mortgages were higher for all types of loans including conforming and jumbo loans for 30-year fixed rates, FHA backed loans and 15-year fixed rate loans.

Even with the small increase, demand to refinance was

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Miami Luxury Real Estate Scores High Median Sales Prices

The Median Sales Price for Miami Luxury Real Estate increased greatly in first Quarter 2015 as compared to same period last year. The Median Sales Price for residential homes priced in excess of 1 million was $1.7 Million; which represents an increase of more than 6 percent as compared to January - March 2014, where the median price was $1.6 million. Luxury Miami Condos also saw a 13.3% increase in the Median Sales Price of $1.7 million, versus just 1.5 million during the same quarter last year.

Miami was recently ranked 7th (out of 10) most important global cities that matter to the wealthy according to the latest Knight Frank Wealth Report. with New York City ranking #1. 

With warm

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