Slide background
Slide background
Slide background
Slide background
Slide background
Slide background
Slide background

Archive for May, 2014

Fixed Mortgage Rates Continue Falling

May 27th, 2014 Written By Carol Pawley

mortgage low rates

Key fixed-rate loans are now trending at 4.14%––the lowest level in seven months, according to the latest survey by mortgage buyer Freddie Mac. That average rate is down from last week’s 4.20%. 

In the short term, experts predict these lower rates will hold steady. In the latest Mortgage Rate Trend Index poll, 89% of the analysts and loan experts said they expect mortgage rates will remain unchanged over the next week.  Bottom line, if you are shopping for a mortgage, you have timed it right and there is no better time to lock than the present.

Miami Beach is getting ready for a big weekend.

May 23rd, 2014 Written By Carol Pawley

 

Memorial-Day-Wallpaper

More than 100,000 visitors are expected to fill the beach over the Memorial Day holiday.

In case you are brave enough to venture out there, here are a few pointers:

– Ocean Drive will be closed Friday May 23, 7:00 a.m. through Tuesday, May 27, 7:00 a.m. Some access to the east/west streets (100 and 200 blocks) between Washington Avenue and Ocean Drive, 6 to 15 streets, will also be restricted. Local residents with the proper zoned decals will be allowed to enter.

– Collins Avenue will be one-way northbound nightly 7:00 p.m. until 7:00 a.m. (Friday-Monday). No street parking will be allowed on Collins Avenue between 5 and 15 streets as those lanes will be used to extend pedestrian pathways. Valet operations will also be moved – guests should check with the hotel for location.

– Washington Avenue will be one-way southbound nightly 7:00 p.m. until 7:00 a.m. (Friday-Monday). Access to east/west streets between 5 and 17 streets will be restricted.

Personally, I think a BBQ at home with family and friends may be a much better idea!

All-Cash Sales Reach a New High

May 7th, 2014 Written By Carol Pawley

200264346-001

 

RealtyTrac reports that 42.7 percent of all U.S. residential property sales in the first quarter were all-cash purchases. The highest level since it began tracking all-cash purchases in the first quarter of 2011.

Cash sales made up more than half of all sales in Miami, New York, Detroit, Atlanta, and Las Vegas. Among metropolitan statistical areas with a population of at least 500,000, those with the top five highest percentages of cash sales were all in Florida: Cape Coral-Fort Myers, (73.6 percent), Miami (67.1 percent), Sarasota, (65.1 percent), Palm Bay, (64.1 percent), and Lakeland, (61.8 percent).

  • Logo
  • Logo
  • Logo
  • Logo
  • Logo
  • Logo