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Waiting to Buy a Home?

Waiting to Buy a Home? You May Miss out on Low Interest Rates In December, the Federal Reserve raised the key interest rate by a quarter-point to range of 0.25% to 0.5%, the first rate increase in nearly a decade.1 While some experts expect the Fed to raise rates gradually this year, some economists expect rates to increase three or four more times this year .2 Increases are anticipated to amount to a quarter-point each time, and when they do o...

What’s in Store for the Housing Market in 2018?

What’s in Store for the Housing Market in 2018? What will the year hold for the real estate market? Will the market favor buyers or sellers? Will home prices continue to rise? While it’s impossible to predict the future, experts rely on current market trends to forecast what may happen this year, if present trends continue. This information outlines several predictions experts have made about the national housing market in 2018. The also hav...

Short Sales & Foreclosures in Miami-Dade County

By 2013, distressed homes accounted for 14% of all sales nationally. In 2012, they were at 22%. Most people understand foreclosures come about when the owner no longer makes payments on their mortgage. At this point, the bank works to take back ownership of the property and then sells it off. Short sales are different because the owner and the bank work together to sell the property prior to the home going into foreclosure. Why is it ca...