2017 South Florida Real Estate Trends
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Increase in Interest Rates. The Federal Reserve has stated they will continue to raise interest rates. With some analysts predicting roughly 3 separate rate increases in 2017. Potentially increasing all time low-level rates from roughly mid 3% on 30-year home loans to rates closer to 5%.
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Loosening of Lending Terms. Changes to Dodd-Frank could lead to ease in lending making it easier for buyer’s to obtain home financing.
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Strengthening Dollar. Equating to less value for foreigners interested in investing in the S. Florida real estate market. The condominium market has already experienced this effect.
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Short Supply of Single-Family Homes. Coupled with steady demand, especially in the first time buyer sector.
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Decreasing Rental Rates. Condo rental prices are starting to slightly decrease after 4 years of continual appreciation.
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Rising Sea Levels. Living in paradise comes with a cost. With The Earth’s average surface temperature increasing so have ocean water levels. This has a deep effect on South Florida’s real estate market.
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Rua Realty In The News
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 Charlie Rua providing real estate guidance & knowledge on Univision |
Rua Realty’s Managing Broker Appears on TV to share expertise on the South Florida Real Estate Market
Founder and managing broker, Charlie Rua, was recently interviewed on Univision to assist them in answering South Florida real estate related questions. The question was posed as to why Miami and Hialeah were cities a rental research study determined were some of the most difficult to rent for prospective tenants. The study took into account low average salaries vs the high rental asking prices. |
Exclusive Rua Realty Rentals
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2121 N. Bayshore #1219, Miami
Asking $3,700/month Stunning & Unobstructed Panoramic Views Reveal One of Miami’s Most Beautiful Views Over Biscayne Bay. Enjoy Sunrises & Sunsets From Almost Every Room In This Spacious Corner Unit Within Walking Distance to Park, Restaurants, Art & Shops. Property Was Recently Remodeled (Open Kitchen Design, New Flooring, Guest Bath & More). Washer Dryer Within Unit. Amenities: Bayfront Pool, Tennis Courts, 24 Hour Security & Gym. Two Assigned, Covered Parking Spaces. Enjoy Life in the Heart of the City. Pet friendly. |
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3225 Oak Avenue, Coconut Grove Asking: $2,000/month Wonderfully Situated 2/1 Duplex Steps From The Heart Of The Grove Restaurants & Shops. Nice Sized Rooms & Kitchen Which Include Stainless Steel Appliances. Washer/Dryer Located Within The Property. Shared Patio With 3227 Oak (Duplex Neighbor). Water, Sewer & Trash Pick Up Included. Two Parking Spaces With Room For One More. Pet Friendly. Tenant Occupied Through April 1, 2016. |
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3375 Percival Street, Coconut Grove
Asking: $3,500/month Remodeled Gated 3/2.5 Townhome in Coconut Grove. Features: New Kitchen W/ Stainless Steel Whirlpool Appliances, Marble Throughout, Closet Cabinetry, Impact Windows, ADT Pulse Alarm System, Impact Windows & Doors, High Ceilings, And Plenty of Storage Space. Garage, Two Gated Parking Spaces. Steps From Restaurants & Shops. |
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