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%...
by Maria Medina | Sep 11, 2024 | Market Trends
Borrowers can improve their credit scores, extend the length of their loan, or eliminate private mortgage insurance to make mortgage payments more manageable. An upcoming interest rate cut might help make homeownership more attainable, although immediate savings for...
by Maria Medina | Jul 18, 2024 | Market Trends
In the report for 2024, the NAR shows some key trends and data on international transactions in U.S. residential real estate that include April 2023 through March 2024. During this period, foreign buyers bought homes in the United States, amounting to 54,300, which is...
