Forecasting Housing in 2019:
Not Better for Buyers, but Not Worse
If the expectations about housing in 2019 can be summed up in one word, it’s this: balanced.
After months and months on a runaway track, home prices have started to temper, and will continue to moderate in the upcoming year, according to new predictions by several sources. Analysts are anticipating anywhere from 2.2 to 3.79 percent growth in home prices for the year—a considerable dip from past years, but an indicator of a leveling-out market.
The deceleration, however, is not likely to overcome other pressures, like…READ MORE
For 10th Month Straight, Pending Sales Weaken
For the 10th month straight, pending sales weakened, according to the National Association of REALTORS® (NAR) October Pending Home Sales Index(PHSI). Activity fell 2.6 percent month-over-month and 6.7 percent year-over-year. On an annual basis, activity in all regions suffered, with an especially hard hit to the West.
“The recent rise in mortgage rates has reduced the pool of eligible homebuyers,” says Lawrence Yun, chief economist at NAR. According to Freddie Mac, the average ….READ MORE
The Miami Springs and Virginia Gardens markets continue to be very strong. The demand is high for any property under $400,000. The inventory levels are about the same as the last few weeks. How long will this sellers market last? A shift is on its way. Now is a good time to sell. Prices remain strong. Before long we will be in a Buyer’s market!
A market shift is on the way!
Call us to take advantage
The market continues to show activity. Our newest Listing is 1171 Nightingale Ave. Please take a look at it.!! The pending sales down this week. During the period of November 30, through December 7, 2018 there were 2 new listings, 2 closed sales, 4 pending sales, 0 expired listings
The table below shows the current status of the Miami Springs/VG real estate market as of Friday, December 7, 2018. All closed sales are within last 90 days.
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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: [email protected]
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however, we service all of South Florida
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Forecasting Housing in 2019: Not Better for Buyers, but Not Worse
If the expectations about housing in 2019 can be summed up in one word, it’s this: balanced.
After months and months on a runaway track, home prices have started to temper, and will continue to moderate in the upcoming year, according to new predictions by several sources. Analysts are anticipating anywhere from 2.2 to 3.79 percent growth in home prices for the year—a considerable dip from past years, but an indicator of a leveling-out market.
The deceleration, however, is not likely to overcome other pressures, like…READ MORE
For 10th Month Straight, Pending Sales Weaken
For the 10th month straight, pending sales weakened, according to the National Association of REALTORS® (NAR) October Pending Home Sales Index(PHSI). Activity fell 2.6 percent month-over-month and 6.7 percent year-over-year. On an annual basis, activity in all regions suffered, with an especially hard hit to the West.
“The recent rise in mortgage rates has reduced the pool of eligible homebuyers,” says Lawrence Yun, chief economist at NAR. According to Freddie Mac, the average ….READ MORE
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During the period of November 30th, throughDecember 7th, 2018 there were 2 new listings, 2 closed sales, 4 pending sales, 0 expired listings.
The table below shows the current status of the Miami Springs/VG real estate market as of Friday, December 7th, 2018. All closed sales are within last 90 days.
Disclaimer: The data relating to real estate displayed on this website comes in part from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed
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We can provide you with a market analysis so you can see how much your property is worth
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Our secret paradise in Miami Dade County!
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Charlie 305-726-8416
