Miami Real Estate Market Update: January 2024 Analysis
As we step into 2024, the Miami real estate market continues its robust performance, showcasing resilience amidst fluctuating national trends. With a keen eye on the latest data provided by CoreLogic, it's evident that Miami stands as a beacon of growth and opportunity in the housing sector. National Overview: Nationwide,…
New-Home Buyers: Consider ‘Phase Inspections’
Phase inspections, or inspections during a new build, help address potential problems. Qualified home inspectors should be trained in new-home construction. New-home buyers may want to bring an inspector into the construction process earlier and at multiple intervals – such as when the foundation is poured and again before the…
How the New Generation Is Revolutionizing Home Buying
Young buyers are changing the way they search for homes. Instead of relying solely on online listings or virtual tours, they are turning to social media to connect with real estate agents and explore properties and neighborhoods. Platforms like TikTok, Instagram, and YouTube have become essential tools for this generation,…
Guarding Against Wire Fraud in Real Estate Transactions: A Buyer’s and Seller’s Guide
In the fast-paced world of real estate transactions, the convenience of online communication and financial transactions comes with an increased risk of wire fraud. Buyers, sellers, Realtors®, real estate brokers, escrow officers, and closing attorneys are all potential targets for cybercriminals looking to exploit vulnerabilities in the system. In this…
Proposed FinCEN Regulation Against Money Laundering for Residential Real Estate Transfers
Preventing money laundering and ensuring transparency in real estate transactions are key aspects of maintaining the integrity of the financial system and protecting national economies. In this regard, the U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), has proposed a new regulation aimed at addressing the…
Florida’s Housing Market in January 2024: Price Increase and New Listings
The beginning of 2024 marked a period of growth for Florida's real estate market. According to the latest data from Florida Realtors®, January saw an increase in median prices, as well as the number of new listings and inventory compared to the previous year. Despite these positive signs, mortgage interest…
Miami has become the preferred destination for “cent-millionaires”
A recent report published by Helen & Partners revealed that Miami is the number one city in the world where cent-millionaires, individuals with over $100 million in assets, wish to have a second residence. This "Magic City" also stands out as one of the fastest-growing wealth centers in the…
Exploring the Phenomenon: Why New Yorkers and Californians Choose Florida?
Florida has become the dream destination for those seeking a change of scenery, with the main being none other than residents of New York and California. At the height of the pandemic, when the need for larger homes and outdoor spaces became imperative, residential properties in Florida's suburbs and interior…
Will mortgage rates go down in 2024?
Good news for borrowers: The wait for lower rates may soon be over. Mortgage rates have dropped quite a bit from where they peaked in October, and they could finally drop below 6% by the end of 2024. The latest economic data show that inflation is slowing and the economy is cooling.…
Is U.S. Ready for Boomers to Age in Place?
ORLANDO, Fla. – There’s a disconnect between perception and reality when it comes to “aging in place,” a recent U.S. Census Bureau survey found. The Census study analyzed older adults’ housing needs and identified 37 million older-adult households in the U.S. The study reported that 1 in 10 (11%) of these…