There are now 80, that's right 80 pending sales in Coral Gables. My last blog post on May 1st reports 77 pending sales. 43 of these sales have pended within the last 30 days. The pending home list prices range from $ 178,000 to $ 12.7 Million. It seems quite a few buyers and investors have decided now is the time to make their move. Continue Reading!
Real Estate News Category
Mortgage industry experts polled by Bankrate.com this week are divided on what's going to happen to mortgage rates over the next 30 to 45 days. Forty-five percent (45%) of the panelists believe mortgage rates will rise; 46% believe they will stay about the same; and 9% think that rates will fall further. In my opinion mortgage rates will remain stable in the short run (this year) but the trend would be to rise in not a very far future. What do you think?...Continue Reading!
"The Housing Market may be Edging Toward a Bottom"-Good news Florida! In a release to The Associated Press on May 1st, Frank Nothaft, Freddie Mac's chief economist, said "The housing market may be edging toward a bottom" Washington (AP)- May 1, 2009. This is very good news. Rates on 30-year mortgages tie record low. Average rates on 30-year fixed mortgages slid to 4.78% from 4.8%last week, Freddie Mac said. Those who are able to refinance would save on their mortgage payments. Decreasing inventories...Continue Reading!
Staying on that theme…Miami is one of the US #1’s in domestic tourist destination. And foreign visitor numbers are still growing despite the global economic problems. This year has been a bumper year so far for tourist numbers. In the coming years with the new airport expansion capacity will more than double! - My contacts here are confident that Miami will be one of the selected cities selected to host even World Series. The official announcement hasn't yet been made, but...Continue Reading!
Coconut Grove neighborhoods may not have many sidewalks to speak of, but if you can make your way to the Commodore Bike Path or to South Bayshore Drive, you will have a pathway that leads you all the way north to Key Biscayne or south to Matheson Hammock Park and Fairchild Gardens. I hear many people complain about the fact that we don’t have sidewalks like other areas. But in my opinion the lack of them adds to the beauty of...Continue Reading!
MLS #: F1001064 Price: $320,000 4210 Sabal Ridge Dr Weston, FL 33331 Bedrooms: 3 Bathrooms: 2 Square Ft: 1,512 Garage Capacity: Two Stories: One I can't believe it already is May. School year is about to be over and it is now the perfect time to look for your dream home. Perfectly maintained in The Ridges (Weston School Area)... 1,512 Sq ft 3 Bedroom + 2 Full Bath traditional 1 Story Home with an over sized fenced...Continue Reading!
According to recent news reports, there may be anywhere from 36,000 to 100,000 homes across the country built between 2003-2008 that may contain tainted drywall imported from China. Drywall commonly used for interior walls and ceilings in homes is usually manufactured in the U.S. however, due to several hurricanes and the building boom, a shortage of drywall occurred. To stay on schedule many builders had to order drywall from outside the U.S. Unfortunately, this resulted in some tainted drywall being...Continue Reading!
Week of April 30, 2009 Boosters say we must dig Port of Miami tunnels to handle a coming cargo boom without hopelessly tangling trucks in downtown traffic. While far-cheaper solutions could work now, they admit, success would erode support for tunnels vital to growth — so we won't solve today's problems today. "We're looking to double the amount of cargo activities at the Port of Miami," says Port Director Bill Johnson. While he admits the easy answers — trucking at night, increasing rail use...Continue Reading!
The Cloisters On The Bay is the perfect gated community for those people who want real value in today’s market. Prices have been steadily falling and almost all of the units on the market have been reduced by more than $100,000. There are 12 units on the market in here which is quite a lot considering that there are 40 total. This high percentage of properties for sale contributes to the low prices because the villas are VERY similar to...Continue Reading!
434 Minorca has been on the market for 6 days, was priced to sell and is now a pending sale. Just adding to the list of 77 other pending sales in Coral Gables. For you sellers...This goes to show that aggressive pricing is what moves home sales. Continue Reading!