Condoideas Realty Group Blog
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Condoideas Realty Group is the Miami's Finest Real Estate Agency. Condoideas offers you the services you need when you have a project to buy or sell your home in Miami. Our Website provides you with the best deals on Luxury Condos in Miami with photos, Key Plans, Floor Plans, and Prices. To know more bout Miami Condos and Real Estate prices, the best choices, when to buy, and more follow..
Condoideas Realty Group Blog
2w ago
Millennials, those born between 1981 and 1996, are buying houses at an unprecedented rate, driving up prices in the process. For many millennials, the timing has rarely seemed ideal to purchase a home. Older millennials faced the 2007-2008 financial crisis just as they were nearing 30, leading to a major economic downturn. Younger millennials, entering ..read more
Condoideas Realty Group Blog
2M ago
In the current housing market, familial assistance is becoming increasingly common. According to a survey commissioned by Redfin, over a third of millennials and Gen Zers intending to purchase a home anticipate receiving help from their parents or relatives in the form of a cash gift for their down payment. Alternatively, these younger demographics are ..read more
Condoideas Realty Group Blog
3M ago
There is a surge in luxury home sales, propelling prices to record highs despite a mixed housing market. In the fourth quarter of 2023, the average price for a U.S. luxury home reached an all-time peak of $1.17 million, marking an impressive 8.8% increase from the previous year. These are homes in the top 5 ..read more
Condoideas Realty Group Blog
3M ago
Buyers are once again active in the housing market, taking advantage of a recent drop in mortgage rates below 7%. This shift has prompted the return of opportunistic buyers who had put their search on hold during the previous year’s significant decline in home sales. The decline in mortgage rates, which reached a peak of ..read more
Condoideas Realty Group Blog
6M ago
Jorge Pérez known as America’s “Condo King” is the founder of Florida’s largest property developer, the Related Group. His company faced a tumultuous journey during the 2008 financial crisis. Losing $3 billion in condominium sales and grappling with a $2.5 billion debt burden, Pérez also battled a serious health issue. Now, at 74, he is ..read more
Condoideas Realty Group Blog
7M ago
The United States has been grappling with a persistent housing shortage, often referred to as the “housing crisis.” This issue became glaringly evident in 2022, particularly in the multifamily real estate sector, where investments in apartment buildings dropped by a staggering 74% by May 2023 compared to the previous year. The housing shortage is not ..read more
Condoideas Realty Group Blog
8M ago
Southeast Florida’s real estate landscape is experiencing a surge in cash buyers, driven by rising mortgage rates and a continued influx of affluent out-of-state and international purchasers. Cash transactions now constitute a significant portion of the market, particularly in the high-end segment of properties valued at $1 million or more. This shift is most pronounced ..read more
Condoideas Realty Group Blog
9M ago
The recent surge in mortgage rates, inching close to 7%, has cast a shadow over the real estate market, frustrating potential homebuyers. The average rate on a 30-year fixed mortgage now stands at 7.09%, raising concerns about the overall affordability of homeownership. Many prospective buyers were expecting rates to taper off after last year’s peak ..read more
Condoideas Realty Group Blog
11M ago
In today’s turbulent housing market, the age-old question of how much one should spend on a house remains an enigma, even for experts. The traditional advice, stating that no more than 28% of a borrower’s gross monthly income should be allocated to housing costs, seems comforting but fails to provide a definitive answer. The reality ..read more
Condoideas Realty Group Blog
1y ago
The soccer superstar turned down a lucrative offer from Saudi Arabia to play for Inter Miami, the soccer club co-owned by David Beckham. Lionel Messi’s decision to choose Miami as his new home has sent ripples of excitement through the real estate market. This move not only elevates Miami’s status as a global sporting destination ..read more