2020 Real Estate Outlook:

Expert Predictions For Mortgage Rates

Home Prices, Tech And More

The 2019 housing market has been one of low rates, high demand and limited supply—particularly on the lower-priced end of the market.

Will 2020 be more of the same? According to experts, yes and no.

We spoke to six mortgage, real estate, and housing professionals. Here’s what they say is in store for the year to come:…READ MORE

What You Need To Do Before You Go House Hunting

House hunting online has become the new “Great American Pastime.” But before you go house hunting for real, it is strongly recommended that you get your mortgage “getting” house in order.

Mortgage financing is about 3 things; your credit history, the money you have set aside for the down payment and closing costs, and what you do to earn enough income ...READ MORE

The Miami Springs & VG markets continue to be strong.

Inventory remained stable.

This is good for buyers and sellers

39 active listings this week, with 6 new ones

2 closed sales this week

14 listings under $400,000 (Note:The inventory in this price range has increased during the last few weeks)

10 listings between $400,000 and $500,000

13 active listings are priced over $500,000

2 properties are listed over $1,000,000.

18 active listings have had a price reductions (2 this week).

What does this mean? Usually, the property was overpriced from the beginning. The sellers are recognizing the market is changing. Prices are not increasing as fast as the last several years. Sellers should not miss potential buyers and deal with increased competition.

Sellers that haven’t been able to sell their property in this market should re-evaluate their pricing, strategy and adjust accordingly based on their market circumstance.

Timing is everything. If you re on the fence about selling, get off and put your house on the market.

During the period of November 8, 2019, through November 15, 2019 there were reported 6 new listings, 2 closed sales, 2 pending sales, 1 active with contract, 0 expired listings, 1 cancelled listing, 0 Temp off market, 2 price reductions and 0 price increase. Interest rates remain low. A GREAT TIME TO BUY OR SELL.

Attention Sellers!

Low Inventory + Low Interest rates + Increasing prices = Sellers Market.

The Market will change. Act Now!

The table below shows the current status of the Miami Springs/VG real estate market as of Friday, November 15, 2019. All closed sales are within the last 90 days.

HOW DOES YOUR HOUSE COMPARE?

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

A complete list of all the properties for sale in Miami Springs or any other area of Miami-Dade County can be sent to you on regular basis. Request it at: charlie@leonardrealestategroup.com

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