How Will Future Foreclosures Affect the Housing Market in 2022? The scale of the upcoming foreclosure rise may have a cause and effect on the Florida home market. This will be determined by how lenders handle troubled borrowers who have fallen behind on their payments. According to a recent study...
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Miami Real Estate Market Predictions & Trends In 2022
The Miami real estate market is nothing short of impressive. Located on the Southeast tip of the Florida peninsula, The Magic City has developed a reputation for pristine white-sand beaches, great weather, even better food, and eclectic culture that can’t be found anywhere else. However, it is worth noting that such regional...
Miami Construction Costs Soaring As Land, Materials, Labor Prices Surge
Despite supply chain issues and increases to the cost of labor, land and building materials, local contractors say demand for construction is still high. “In the past 12 months, the cost of a typical construction project in Miami probably increased by 20%,” said Chris Kennedy, vice president of preconstruction for...
Miami’s Housing Market Still on Fire in Early 2022
Over 40 percent of all closing in January were cash transactions According to the Miami Association of Realtors, the greater Miami residential property market continued its historic run of home sales with its best-ever January sales month as existing condo transactions surged for the 16th consecutive month. The red-hot market...
In Miami The Biggest Question Homeowner’s Who Are Interested In Selling Are Asking…
Working with homeowner's who are contemplating selling their home on a daily basis the biggest question I get asked is.... if I sell my home, where do I move? Well I'm here to give you some clarity and reassurance if you find yourself asking the same question. As many of...
What Will Real Estate Look Like in 2022?
It’s likely that 2022 won’t be as red hot as 2021 was - though you can still expect some flames. While home prices will continue to rise, most experts are predicting 10% appreciation, rather than last year’s 20%. It will still be a seller's market - however, multi-bid situations and homes going for 30% or 40%...