South Florida has become a business hub hosting some of the most important international fairs attended by professionals and investors from around the world. South Florida has become the gateway to the United States and Latin America for companies or investors interested in doing business in America. Thanks to its...
Tag: interest rates
Rates Rise – House Prices Drop – Market Continues to Soften in Broward County
The market is certainly softening in South Florida and it will continue as long as rates stay high. Inventory is rising. The days of selling for over asking price are long behind us. The amount of price decreases on the MLS continues to increase. The 30 year fixed mortgage rate...
Recommendations for renting your commercial premises
1. Set the time: First, we suggest you set the period in which you want to give in renting your property, either a year, two, etc.; in this way you will have clear time you already rented your property, with it the future income you will have, to promote your...
What to Expect From the Housing Market This Summer
Here’s how rising interest rates, inflation and continued supply chain issues are affecting buying, selling and renting in the real estate market in the rest of 2022. Credit Devon Thorsby You may be in the market to buy a house, know someone who recently purchased or are waiting for the right...
The Real Estate Market Is Changing
As we make our way into the May of 2022, it has become clear that the glowing red real estate market is changing. Things are starting to cool off. There is starting to be more inventory available to potential buyers. Also, mortgage rates are on the rise. The average 30-year...
Housing Bubble 2.0? Fort Lauderdale data eerie similar to past
Overpriced Market "When the U.S. housing bubble burst more than a decade ago, it brought the global economy to its knees. It turned out that the multiyear housing boom through the early 2000s was hiding skeletons. Homebuyers, driven by a fear of missing out on home price gains, were stretching...
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%...
Mortgage Originations Drop as Rates Rise – What to Know
With interest rates rising, housing is becoming less affordable. Recent data has shown mortgage originations down 33% compared to last month. What does this all mean? 1st - Housing is becoming less affordable 2nd - We will start to see high listed properties sit on the market for longer. There...
