real estate miami: Miami condo market update - 07/04/19 10:32 AM
 
Miami has shown a rise in home sales this year compared to the same period in 2018. Encouraging advantages of buying in Miami have pushed condo sales up, such as low mortgage rates and the new tax law. The first trimester of 2019 showed a 6.6% increase in home sales and a 3.5% in condo sales (compared to 1.6% statewide).
 
Firstly, average 30-year conventional mortgage rates decreased to 4.07% in May 2019 compared to 4.54% the same period the previous year. However, there is a lack of mortgage loans where out of 9,307 condos in Miami Dade and Broward counties, only 12 … (1 comments)

real estate miami: The secrets of Miami's luxury real estate - 12/14/18 03:58 PM
 
Miami luxury real estate is known to be the richest South American's playground. It offers a good investment field, an amazing culture and an unparalleled weather!  But this time it has been involved in a Venezuelan embezzlement and money laundering investigation! 
The real estate market in South Florida has been involved in a multi-billionaire scheme of embezzlement and money-laundering for Venezuelan's state oil company PDVSA. $1.2 billion has been the total amount discovered in the criminal complaint for this case! At least 16 properties have been tied somehow to the investigation. 
When you are purchasing a unit in Miami there are some steps you … (0 comments)