BeaRocha

07/27/2023

“Demand for new homes cooled in June primarily due to a more than quarter-point rise in mortgage rates over the previous month,” says Danushka Nanayakkara-Skillington, NAHB’s assistant vice president for forecasting and analysis. “However, the lack of existing inventory and the Federal Reserve nearing the end of its rate hikes signal that demand for new homes may rise in the coming quarters.”

Newly built home sales fell 2.5% last month. NAHB cited higher mortgage rates and some supply chain issues for electrical transformers as the leading cause.

07/25/2023

According to the Florida Legislature's demographic office, Florida's population is projected to increase to more than 25 million people by April 2032, representing an almost 11% increase from the current population of 22.6 million Floridians in April.

The Fla. Legislature’s demographic office says that the state had 22.6M Floridians in April, and predicts it will have 25.1M by April 2032 – an almost 11% increase.

07/23/2023

Buying vs. Renting: Making the Right Financial Decision for You

Most owners have earned more than $100,000 in equity over the last decade, but discrepancies among racial groups persists, according to new NAR data.

07/19/2023

"Housing Market Myths Debunked! 🏠💡

No Crash: Today's market isn't like 2008. Stricter lending, more equity.
Homeowners Will Sell: Life events trigger sales, regardless of rates.
Rates ≠ Prices: Higher rates don't always mean lower home prices.
Credit Myth: Good-credit buyers aren't subsidizing bad-credit buyers. 🚫📈
Stay Informed! 💪🏽 "

Here are the four biggest myths about the housing market currently running rampant, and why experts say they’re just not true.

07/18/2023

🌴 Luxurious 2-Bedroom Unit in Key Biscayne! 🌊

This fully remodeled and fully furnished 2-bedroom, 2-bathroom unit is a true gem! With 1,782 sqft of living space, an open kitchen concept, and wood-like porcelain floors throughout, it exudes elegance and comfort.

Available starting August 10th, 2023, this unit is located at the prestigious Towers of Key Biscayne. Here, you'll enjoy an array of amazing amenities, including a tennis court, kids' playroom, two pools, gyms, billiards and poker room, BBQ area, watercraft storage, in-house restaurant, beach service, and 24-hour lobby and gate security.

Conveniently situated just steps away from the beach, this property offers the perfect blend of style, comfort, and convenience. Whether you're seeking a permanent home or a weekend getaway, this luxurious unit is an absolute must-see.

Don't miss out on this opportunity! Schedule a viewing today and experience the ultimate in coastal living. 🏖️🏠

07/18/2023

🌴 Discover the Magic of Miami! 🌊

Miami, not just a city, but a vibrant tapestry of culture, entertainment, and natural beauty! 🏖️ From world-famous celebrities like Shakira and Messi to the pulsating energy of the Design District and the luxury of Brickell City Center, there's always something exciting happening here.

But wait, there's more! 🌟 Indulge your taste buds at Michelin-star restaurants that'll leave you craving for more.

And let's not forget the true gems of Miami - our breathtaking beaches and the mesmerizing Biscayne Bay, captivating hearts with their picturesque views and endless adventures.

Come and experience the allure of Miami, where dreams come to life, and every moment is an unforgettable memory! 🌅🌴

07/17/2023

Mortgage rates continued to rise and nearly hit the dreaded 7% mark, according to Freddie Mac’s (OTCQB:FMCC) latest Primary Mortgage Market Survey.

“Mortgage rates increased to their highest level since November 2022,” said Freddie Mac's Sam Khater.

07/13/2023

To address Miami's affordability issue in 2015, MIAMI Realtors explored various solutions such as container homes, ADUs, overlay zones, micro-units, teacher housing, adaptive reuse, community land trusts, utilizing houses of worship, and housing in parking garages.

When Miami was ranked one of the least affordable housing markets in 2015, the leaders of MIAMI Realtors came together to brainstorm on solutions. Some of the ideas from that meeting were: container homes, accessory dwelling units (ADUs), overlay zones, micro-units, teacher housing on campus, repurp...

07/12/2023

🏠 Why do long-time homeowners choose to rent when they can afford to buy? The answer may surprise you: less responsibility and more freedom to spend!

Why do long-time homeowners rent when they can afford to buy? For more and more older adults, it’s simple: less responsibility with more money to spend.

07/09/2023

🌴Coming Soon🌴For Rent, Towers of Key BIscayne 🌟🏖️☀️

07/09/2023

Miami Market Report for April 2023
report

Official statistics on the Miami-Dade County real estate market

07/08/2023

investing in homeownership has its advantages, but timing is crucial. Home prices have been stable despite rising mortgage rates, driven by a lack of supply. Builders are responding to demand, but affordability remains low, leading to high rental prices. While the stock market shows no concerns, a high housing index raises worries about future prices. Stay informed and consider the long-term perspective when investing in real estate.

People need a roof over their heads, making “home” a life necessity – and also, on the side, a good investment. As a result, buying sooner is better than later.