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Buyers Category

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.

All-Cash Sales Reach a New High

May 7th, 2014 Written By Carol Pawley



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).

The best is yet to come for Boomers

March 31st, 2014 Written By Carol Pawley



According to a recent survey, 57% of baby boomers (ages 49-67)  plan to move out of their current home, and 70 percent believe the house they retire in will be the best home they’ve ever owned!

Here are additional survey findings

• Visitors only: Most boomers – 83 percent – don’t expect family to move into their home in the future, indicating they expect any “house guests,” including adult children, to be temporary.

• Putting down roots: Many boomers have planted roots in their communities and want to remain in a familiar place. Of those surveyed who are not already retired, 72 percent plan to retire in the same state.

• Easy living:
When asked to pick the most important factor in choosing their next home, low-maintenance features topped the list (42%).

• Not just yet
:  28 percent of boomers who are not yet retired, never plan to retire; and the 46 percent who plan to retire still anticipate working part-time.



Lender lowers FICO score to 550

March 26th, 2014 Written By Carol Pawley


Carrington Mortgage announced plans to further sharpen its focus on reaching and serving “underserved” borrowers (typically those in the sub-640 FICO score range) – a sizable market that has been mostly ignored by lenders.  The California firm has lowered its minimum credit requirement to a  FICO score of 550, and expanded its guidelines on a number of FHA, VA and USDA loan programs, extending eligibility to more property types and reducing overlays.

Florida Outshines the Nation

March 19th, 2014 Written By Carol Pawley


New construction continues to create job growth in South Florida, helping lead the state’s economic recovery as it continues to outshine the nation.

Hiring data released Monday showed Miami-Dade County added 2,400 new construction jobs in January, up 7.6 percent over the same month in 2013. Broward County added 4,400 building-related jobs in January, up 14.1 percent year-over-year.  As the tourism-oriented sunshine economy amps up, joblessness in Florida was below that of the nation for the sixth consecutive month.


Stop by to say hello |OPEN HOUSE |3700 Alhambra, Coral Gables

March 7th, 2014 Written By Carol Pawley


Prestigious Coral Gables Location


Open House: STOP BY THIS SUNDAY FROM 1:00 TO 3:00 PM

Surrounded by multi million-dollar homes, 3700 Alhambra is the prestigious address you have been seeking. The property’s 9,500 sq. ft. corner lot can make your dream home a reality. Upon entering, you will encounter a 3 bedroom 2 bathroom residence with tremendous potential. Important features include high ceilings, crown moldings, hard wood floors, fireplace, spacious kitchen, and a 2-car garage that offers endless possibilities. 3700 Alhambra rests gracefully on an elegant and quiet tree lined street that will take your breath away. Dare to dream, come be the architect of the perfect lifestyle for you and your family in Coral Gables.


1215 West Ave – South Beach’s New and Upcoming Vacation Condos

December 14th, 2013 Written By Carol Pawley

The center of South Beach is home to this beautiful future boutique style condo. Ideal for the short-term rental prospect, 1215 on West embodies the Luxury Vacation Rental concept. This six-story project consists of 45 one bedroom/ one bathroom units from 440 to 520 square feet and is outfitted with a rooftop pool having views of South Beach and Biscayne Bay, 63 covered parking spaces with valet service, and a ground level restaurant overlooking West Ave. Starting from just $290,100, 1215 West Ave. is a short term luxury condo nearly impossible to come by in South Beach.

For more information contact Carol Pawley, 305-992-6188,

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