Rates Increased for Second Time This Year
As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end in order to curb future inflation concerns following reports of a strong labor market and economic conditions….READ MORE
2019 to Bring Change in Market Momentum
Although demand’s exploding and home prices are rising swiftly, analysts are anticipating a market moderation in the
next year. According to new projections, the fluctuation is forecasted to start in 2019.
Analysts at Freddie Mac are anticipatingappreciation will decelerate to 3.1 percent in 2019, with home sales to soften at a 2 percent growth rate and total 6.44 million. 2018, however, is anticipated to bear out as it has in recent years—fast-growing prices, which Freddie is pegging to rise 7 percent, and sales up 3.3 percent to a total 6.32 million.
What’s causing the cycle to shift?....READ MORE
Great community, great homes, great prices, great location.
We are committed to providing a premier level of
service.
All aspects of your real estate experience will be accompanied by Results through exceptional Service and Honesty. From the onset of our marketing meeting, we are dedicated to achieve your goals.
The Current Miami Springs Market
The Miami Springs and Virginia Gardens markets continue to be very desirable. There are still very good buying opportunities.
The market is hot and the inventory continues to get tighter. It is difficult to find entry level homes under $400,000.
Prices remain strong, however interests rates continue their slow climb up. Interest rates continue to be very good.
IF YOU ARE THINKING ABOUT SELLING….DO IT NOW!
During the period of June 8th, 2018 through June 15th, 2018 there was 1 new listing, 0 closed sales, 3 pending sales, 1 expired listing.
The table below shows the current status of the Miami Springs/VG real estate market as of Friday, June 15th, 2018. All closed sales are within last 90 days.
HOW DOES YOUR HOUSE COMPARE?
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: charlie@leonardrealestategroup.com
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Let Us Show You How We Can Get Your Property Sold
at the Highest Possible Price
We can provide you with a market
analysis so you can see how much
your property is worth.
Honesty | Service | Results
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190 Westward Drive
or call us 305-726-8416
Appointments available upon request
