Monthly Archives: June 2009
Is the glass half full or half empty for the downtown Miami condo market?
We know the majority of the condominium units in these buildings are unsold…but many of the developers of these buildings are now renting the vacant units to tenants and now that prices have come down we are actually seeing contracts being signed and closed… Continue reading
Filed under condominiums, Downtown Miami
What is the Difference between a Short Sale and a Foreclosure, and how will it affect me?
This is an all to common question being asked today. To keep things as simple and short as possible, I am not going to go into the details of these transactions; rather I am only going to give you my … Continue reading
Filed under condominiums, Downtown Miami, Foreclosure, market conditions, Miami, Miami Beach, real estate, REO, short sale
Real Estate Investing back to basics Part 1
Think back to just a few years ago when the real estate market was booming, and talk at most watering holes centered around someones real estate investment and how much money they made on their venture. Waiters, homemakers, doctors, and … Continue reading
Filed under Uncategorized
The Ugly Truth About Loan Modifications
Ok, so just about everybody has heard about loan modifications, or loan mods for short. They are also called loan workouts, loan restructuring, among others. I’m going to explain what types of loan mods exist, and who can or can’t likely get them. Continue reading
Filed under Uncategorized
Downtown Miami condos filling up fast
The city of Miami wants you to know there are, in fact, plenty of humans living in new condos. And there are more each day. Continue reading
Filed under Uncategorized
How Did We Get Here…
2001-2005; United States housing bubble 2001: US Federal Reserve lowers Federal funds rate 11 times, from 6.5% to 1/75% 2002-2003: Mortgage denial rate of 14% for conventional home purchase loans is half of 1997 – as quoted from the Federal … Continue reading
Filed under Uncategorized
Timing the market
make sure you understand everything before you make a move. Be honest about your purpose for wanting to buy, realize that unless you are an experienced investor that has been through several market cycles you should not jump in head first but approach with caution keeping your eyes and ears open Continue reading
Filed under Uncategorized
Miami Beach wants to evict famous riding rooster Mr. Clucky
…the city has decreed that Mr. Clucky — the bike-riding rooster known for weaving his way through the laid-back crowds at Lincoln Road Mall — must go. Continue reading
Filed under Uncategorized
Seeds for current economic crunch planted long ago
…Miami-Dade County. As far back as two years ago, real estate experts were predicting property price declines of as much as 20 percent in metro Miami. Yet, the county’s forecast, as stated in its five-year financial outlook, was that property tax rolls would simply remain flat in the 2009-10 budget year. Continue reading
Filed under Uncategorized
