News
Long-Term Mortgage Rates Climb to 6.29%
The average 30-year, fixed-rate mortgage didn’t spend much time hovering around the 6% mark. It rose 0.27 percentage points this week, up from last week’s 6.02%.
Miami housing inventory jumps as home sales fall in RE/MAX survey
Active inventory of homes for sale in Miami rose 33.9% month over month in June to 20,503 properties, while the number of transactions fell 7.3% to 8,193, according to the most recent RE/MAX National Housing Report.
Miami Rents Were Up 55% In February – Hottest U.S. Market By Far
Supply chain, labor shortages crimped pipeline in 2021, Newmark report shows.
Industrial spec development up, delivery down
Supply chain, labor shortages crimped pipeline in 2021, Newmark report shows.
Why Commercial Real Estate? 11 Reasons to Invest
Are you interested in exploring commercial real estate investments? Here’s what you need to know.
Why investor and tech executives are heading to Miami
Big investors are moving to Miami. Remote work amid the pandemic means that they don’t need to be on Wall Street or in Silicon Valley to do their jobs, so they’re heading south, not only for tax purposes, but for a change in culture. CNBC’s Jane Wells reports.
U.S. needs more warehouses to handle record returns this holiday and in coming years, CBRE says
The surge in digital orders has created a heightened demand for warehouse space in the U.S., so that retailers and delivery providers can handle all of the packages coming in and going out.
Mortgage Forbearance Helped Homeowners – and the RE Market
Freddie Mac: Forbearance did more than help at-risk owners. It also stopped a foreclosure surge from hurting the market and helped all homeowners retain their value.
Mortgage Rates Fall to New Lows – 30-Year Loan at 2.72%
Last week, a stock market surge pushed rates a bit higher. This week, the average 30-year, fixed-rate mortgage fell once again to 2.72%, its 13th record low this year.
Despite challenges, Miami-area real estate surges in 2020 | Opinion
Pat Klock Parker says that the Miami-area real estate market is healthy and steady overall, with an average of eight to nine months of inventory consistent from January to June of this year.
Miami-Dade approves interim contract for monorail to Miami Beach
Contract marks the first step in approving nearly $600M system across MacArthur Causeway.
Plans for a monorail between the city of Miami and Miami Beach took a step forward on Tuesday.
In spite of calls for a deferral from Miami Beach, the Miami-Dade County Commission approved a contract of up to $14 million with Genting Group and Meridiam Infrastructure North America Corp. to study the feasibility of building the monorail within a year to 18 months. The commission would vote on a final plan and contract after the feasibility study is completed, according to a spokesperson for the project.
30-Year Mortgage Rates Hit Another Record Low – 2.81%
It’s down from last week’s 2.87% as 30-year, fixed-rate loans hit a 10th all-time low this year. The average 15-year, fixed-rate mortgage dropped to 2.35% from 2.37%.
WASHINGTON (AP) – U.S. long-term mortgage rates fell this week as the key 30-year loan reached a new all-time low for the 10th time this year.
Home loan rates have marked a year-long decline amid economic anxiety in the recession set off by the coronavirus pandemic. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year mortgage fell to 2.81% from 2.87% last week. By contrast, the rate averaged 3.69% a year ago.
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