by Maria Medina | Dec 27, 2024 | Market Trends
Inventory Trends: Over the years, Miami-Dade’s inventory of condos and townhouses has fluctuated: 2019: 14,662 units 2020: 12,898 units 2021: 6,434 units 2022: 6,673 units 2023: 7,690 units 2024: 10,443 units. Key Insight: While inventory grows, it remains below...
by Maria Medina | Nov 6, 2024 | Market Trends
Following the election, the Federal Reserve will likely continue with gradual interest rate cuts as inflation remains low and stable. The Fed’s recent approach, described as a “recalibration” to align with a lower inflation environment, suggests that further...
by Maria Medina | Oct 5, 2024 | Market Trends
What is a 1031 Exchange? A 1031 Exchange is a tool in U.S. tax law that allows property investors to defer paying capital gains taxes when they sell one investment property and purchase another “like-kind” property within a specific timeframe. Named after Section 1031...
by Maria Medina | Sep 12, 2024 | Market Trends
This week, the average rate for a 30-year fixed mortgage dropped to 6.2%, slightly lower than last week’s 6.35% and down from 7.18% a year ago. This marks the lowest rate since February 2023. The 15-year fixed mortgage rate also fell to 5.27%, compared to 5.47%...
