Elite Sales Group Miami Real Estate Blog

With a housing market with low inventory, we have seen a rise in negotiations.   Negotiations include:  (1) The buyer who wants a deal on your home (2)The buyer’s agent who wants to get the most for his client (3) The inspector who works for the buyer and may find...

With low housing inventory down 11.7%, we have seen home prices rise.  Many people are staying in their homes due to the effects of COVID-19 and the economic impact it has had.  The limited available inventory in the housing market has created price wars and as a result, a further...

Do you keep hearing that mortgages are at an all-time low?  That is because the 30-year mortgage rate is now the lowest in the past 50 years.  According to Freddie Mac, the 30-year fixed-rate mortgage fell to 2.88% this week and the 15-year fixed-rate dropped to 2.44%.     This has created...

Although we are in the midst of a pandemic, it does not stop the real estate industry.  With low inventory in the market, sellers are in a great position to sell their home.  There are, however, certain things to consider in preparing your home to ensure the safety and health of...

The #1 Reason to List Your House Right Now   1.9KSHARES 1.7K 92 28 149 The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available...

Buying a Home Early Can Significantly Increase Future Wealth   11.6KSHARES 11.3K 135 42 189 According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, “The dream of homeownership is alive and well within...

Homeownership Rate on the Rise to a 6-Year High   1.7KSHARES 1.6K 59 19 93 Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. See...

  What To Consider Before Buying An Older Property Whether it's the character and charm of an older home with its original features, hardwood floors, and wood burning fireplace, or the quaint historic feel of the neighborhood in which it is found, there is a certain appeal to older property.  But purchasing...

Miami-Dade commissioners approved a $10 million subsidy for a developer to build what was described as one of the largest movie studios outside of California, the second government-backed production facility in the Miami area.

Miami-Dade included the economic-development program in a 2004 ballot initiative that approved $2.9 billion worth of projects. All but $15 million has been allocated since commissioners approved their first earmarks on Nov. 5, which reserved $10 million for a commercial complex and private-jet terminal at the Opa-locka Airport and $14 million for a theme park a developer wants to build next to Zoo Miami. The allocation that drew the most controversy was the commission’s later decision to give $9 million to SkyRise Miami, the observation tower that won a Miami referendum while promising not to use city funds in the project.

Why is Real Estate back on Top especially in Miami? If you are someone who has given up on the dream of real estate investment, before even giving it a serious look, consider a few trends says Elite Sales Group of Miami . Construction is on the rise, foreclosures and repossessions are decreasing....