Jose Mourino Realtor Associate

08/04/2018

06/19/2018

Builder confidence slips as lumber prices soar

WASHINGTON – June 18, 2018 – Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). NAHB says the decline was due in large part to sharply elevated lumber prices, but overall sentiment remains on solid footing.

"Builders are optimistic about housing market conditions as consumer demand continues to grow," says NAHB Chairman Randy Noel. "However, builders are increasingly concerned that tariffs placed on Canadian lumber and other imported products are hurting housing affordability. Record-high lumber prices have added nearly $9,000 to the price of a new single-family home since January 2017."

"Improved economic growth, continued job creation and solid housing demand should spur additional single-family construction in the months ahead," says NAHB Chief Economist Robert Dietz. "However, builders do need access to lumber and other construction materials at reasonable costs in order to provide homes at competitive price points – particularly for the entry-level market where inventory is most needed."

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as "good," "fair" or "poor." The survey also asks builders to rate traffic of prospective buyers as "high to very high," "average" or "low to very low." Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

In June's survey, all three HMI indexes inched down a single point. The index measuring current sales conditions fell to 75, the component gauging expectations in the next six months dropped to 76, and the metric charting buyer traffic edged down to 50.

Looking at the three-month moving averages for regional HMI scores, the Northeast rose two points to 57, while the West and Midwest remained unchanged at 76 and 65, respectively. The South fell one point to 71.

© 2018 Florida Realtors®

06/18/2018

The top 10 threats to real estate in 2019

CHICAGO – June 15, 2018 – Rising interest rates and the economy are the top two current issues to watch in real estate, according to the Counselors of Real Estate’s (CRE) Top Ten Issues Affecting Real Estate 2018-2019, a list of the biggest threats to the housing market. For the first time, CRE broke its annual list down into current and longer-term issues to watch during the industry’s next year.

Top current issues to watch

Interest rates and the economy: As interest rates rise, commercial and residential real estate markets are seeing several changes, such as decreasing demand for commercial property and higher home mortgage rates. Rate increases are making homes less affordable and also limiting the value appreciation for commercial real estate. “Lack of wage growth for all but the wealthiest population segment is dampening housing demand and limiting consumer spending that the economy needs for growth,” the report notes.
Politics and political uncertainty: Tax reform and policies aimed at balancing trade with other countries will have an impact on jobs, incomes, and both commercial and residential property, according to the report. “Congressional action to relax certain bank lending and asset management regulations was also among developing trends that may improve access to capital.”
Housing affordability: The lack of affordable homes across income brackets, excluding the wealthiest, is being fueled by low wages, rising mortgage rates and the underproduction of housing for nearly two decades.
Generational change/demographics: Four distinct generations are exerting influence on commercial and residential real estate, such as in office design, student and elder housing, amenities and location preferences.
E-commerce and logistics: Volatility in the retail sector, such as from the increase of e-commerce, is leading to a growth in warehouses.
Top longer-term issues

Infrastructure: Roads, bridges, airports, water and sewer lines, electricity, and public transit are rapidly deteriorating, the report notes. An estimated $4.5 trillion is needed to improve critical infrastructure by 2025, according to the American Society of Civil Engineers. “The lack of serious effort by the U.S. to address its condition and much-needed revitalization leads the list of broader and emerging issues affecting real estate.”
Disruptive technology: The report highlights advances in robotic manufacturing and warehousing; driverless cars and trucks; the extensive availability and utilization of personal and transactional data (aimed at enhancing business decisions); “smart” building technology that enables efficiency; global connectivity; automated business processes; and information protection through cybersecurity. “Nearly every aspect of real estate is undergoing dramatic change as these types of technology are adopted.”
Natural disasters and climate change: The ongoing threat of natural disasters and climate change can result in high-priced property and environmental damage. This includes everything from severe storms, wildfires and floods to earthquakes, volcanic activity and rising sea levels.
Immigration: “If reduced by law, (immigration changes) will have a negative impact on new housing starts and home purchases, as well as worsen the current skilled labor shortage in the U.S.,” the report cautions.
Energy and water: Natural resources that are vital to property and quality of life are being threatened by environmental damage (manmade and from changing climates) as well as “entangling state and local regulations that are complicating development and lack the standardization that national regulations would provide.”
CRE additionally notes several other issues making its “watch list,” including rising construction costs; urbanization/suburbanization (with suburbs adapting citylike development and amenities); tax cuts (which may positively impact commercial properties; legislation is still developing); and societal leadership (social activism among younger Americans that is fueling business and social reform at many levels).

Source: The Counselors of Real Estate

© Copyright 2018 INFORMATION INC., Bethesda, MD (301) 215-4688

06/15/2018

FOR SALE in 1bed/1bath.

06/15/2018

FOR SALE beautiful condo in 1bed/1bath.

06/15/2018

LUXURIOUS 1BD/1BTH RIVERFRONT CONDO IN HIGHLY SOUGHT AFTER BRICKELL ON THE RIVER, NORTH TOWER, FEATURING MARBLE FLOORS, GRANITE COUNTERS, WASHER/DRYER IN UNIT, BALCONY FACING WEST, ALLOWING YOU TO ENJOY WATCHING THE SUN SET & YACHTS PASSING ON THE MIAMI RIVER. BUILDING LOCATED ON THE MIAMI RIVER WITH CONTEMPORARY DESIGNED LOBBIES AND AMENITIES, INCLUDING 24-HOUR SECURITY, HEALTH & FITNESS CENTER, SAUNA, STEAM ROOM, BUSINESS CENTER, PARTY ROOM, POOL, BBQ, VALET PARKING, W/METROMOVER STOP RIGHT OUTSIDE OF LOBBY. THERE IS A DRY CLEANER, DELI AND MARKET DOWNSTAIRS, STEPS FROM THE BUILDING. WALKING DISTANCE TO BRICKELL CITY CENTRE, DOWNTOWN OF MIAMI, RESTAURANTS $ SHOPS.

MY WEBSITE: jmourino.weichertbroward.com
Phone #: 954-2404755

06/15/2018

Enjoy expansive bay and intracoastal views from every window of this upgraded and spacious 2 bedroom, 2 bathroom corner unit at The Mark on Brickell, featuring split floor plan with custom-made kitchen, bathrooms, closets & laundry room, porcelain floors throughout, freshly painted, and wraparound balcony that allows you views of the bay and intracoastal. Bldg offers great pool & gym with panoramic water views, whirlpool bath, bbq, tennis & racquetball courts, sauna, clubroom, business center, convenience store inside the bldg, as well as a restaurant. Internet & cable included. Well-managed building in final completion of multi-year upgrade project of all common areas, including pool area. Perfect location, walking distance to Brickell City Center, restaurants & shops.

My website: jmourino.weichertbroward.com
Phone # 954-2404755

05/25/2018

In April, Florida's housing sector reported more closed sales, higher median prices and more new listings from owners ready to enter the market, according to the latest housing data released by Florida Realtors®.

05/21/2018

A stronger economy, wage growth and an improving job market are expected to march home sales and prices higher in 2018 but low supply and weakening affordability will impact the rate of increases, according to speakers at a residential real estate forum during the 2018 Realtors® Legislative Meetings & Trade Expo.,

05/20/2018

Enjoy expansive bay and intracoastal views from every window of this upgraded and spacious 2 bedroom, 2 bathroom corner unit at The Mark on Brickell, featuring split floor plan with custom-made kitchen, bathrooms, closets & laundry room, porcelain floors throughout, freshly painted, and wraparound balcony that allows you views of the bay and intracoastal. Bldg offers great pool & gym with panoramic water views, whirlpool bath, bbq, tennis & racquetball courts, sauna, clubroom, business center, convenience store inside the bldg, as well as a restaurant. Internet & cable included. Well-managed building in final completion of multi-year upgrade project of all common areas, including pool area. Perfect location, walking distance to Brickell City Center, restaurants & shops.

05/10/2018

Enjoy expansive bay and intracoastal views from every window of this upgraded and spacious 2 bedroom, 2 bathroom corner unit at The Mark on Brickell, featuring split floor plan with custom-made kitchen, bathrooms, closets & laundry room, porcelain floors throughout, freshly painted, and wraparound balcony that allows you views of the bay and intracoastal. Bldg offers great pool & gym with panoramic water views, whirlpool bath, bbq, tennis & racquetball courts, sauna, clubroom, business center, convenience store inside the bldg, as well as a restaurant. Internet & cable included. Well-managed building in final completion of multi-year upgrade project of all common areas, including pool area. Perfect location, walking distance to Brickell City Center, restaurants & shops.

02/08/2018

"La mayoría de los inquilinos quieren tener una casa": es el momento de comprar para los inquilinos porque hay expectativas de que las tasas de interés para hipotecas subirán en el 2018 y un sólido mercado laboral y expectativas de fortalecimiento en el crecimiento de la economía empujarán a ingresos más altos.

La gente quiere cambiar su estilo de vida, casarse, tener una familia y tener su propia casa. (publicado en noticias y eventos, Florida Realtors)