Tag Archives | Lenders

Miami Condo Sales Explode in 1st Qtr 2011

Miami Condos Sales Explode in 2011

Closed and pending sales data for condominiums in the first quarter of 2011 Miami-Dade County show a forty-four (44%) increase over the same period in 2010. All this without last years “First Time Buyers Credit!”

These increased sales have reduced the available inventory significantly, with available units dropping to just a twelve month supply. This is good news for both sellers and buyers. It indicates that there are a … Read More

Rent vs Buy in Miami? It Depends on the Market.

June 4th, 2010

Rent vs Buy in Miami? It Depends on the Market

There was a very interesting analysis of the rent vs buy decision in the Wall Street Journal recently. It all depend on the numbers…the math of an individual market. Interestingly enough most people find it difficult to buy in a buyer’s market and difficult to sell in a seller’s market. Completely backwards.

We have set up some new links to well priced … Read More

Miami Pending Sales Explode in First Qtr 2010…Why?

Miami, Florida

Miami Pending Sales Explode in First Qtr 2010…Why?

Short sale condos pending contract exploded in the first quarter of 2010 in Miami-Dade county. These are the contracts for short sale listings that have yet to be approved by the seller’s lender or lenders. Although the pending sales growth initially looks like a good indicator for the housing market, it may really be meaningless as many short-sales never actually close but instead become bank … Read More