Market Trends

Great time to buy…Great time to sell

Miami Real Estate Marketplace Time for Buyers For those who have waited for housing prices to come down this has to be the right time to buy . A property can be bought for 10 or 20% less than a similar one a few years ago. Interest rates are currently around 3.5%, at its lowest in 30 years. It's time to lock in low interest rates so buyers have an incentive to buy. Time for Sellers The overall economic indicators show fundamentals are holding up, consumer confidence... Continue Reading >

Why Buying Real Estate Could Mean Gains Ahead

Miami Real Estate Marketplace NAR, the National Association of Realtors forecasts that 2013 could be a return to normalcy, with healthy price appreciation, an increase in both existing and new home sales, and a drying up of shadow inventory( properties either in foreclosure that have not been sold or homes where owner are delaying to place in the market until prices improve). Interest rates are expected to remain low though inflation could put upward pressure on both rates and home prices. For commercial practitioners,... Continue Reading >

Commercial Real Estate Vacancies Slowly Declining, Rents Rising

Miami Real Estate Marketplace Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market, according to the National Association of Realtors® quarterly commercial real estate forecast. Market has been slowly building momentum Lawrence Yun , NAR chief economist, said the market has been slowly building momentum. "Job creation is the key to increasing demand in the commercial real estate sectors,"... Continue Reading >

Miami-Dade construction projects on the horizon in 2013

Miami Real Estate Marketplace "Construction starts in Miami-Dade County posted strong gains in 2012 after a deep six-year slide. With a host of projects on the horizon, the local construction The cranes are coming back to Miami. The battered construction industry is going higher in the new year after showing strong signs of life in 2012. Will Miami feel more like Manhattan in a few years? It just might. So far, there has been more talk than action, fewer shovels in the ground than grand announcements. Even... Continue Reading >