2017 South Florida Real Estate Trends

 Hot Topics and Trends that will affect the 2017 South Florida Real Estate Market
A new year always brings changes to the South Florida real estate landscape.  This year is sure to be no exception.
Contributing to this is:
–       An incoming president with differing political/fiscal views from the former administration
–       The Dodd Frank repeal
–       A stronger US Dollar (less foreign investment)
–       Short supply of single-family homes
–       Saturation of the condominium market.
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%.
Loosening of Lending Terms. Changes to Dodd-Frank could lead to ease in lending making it easier for buyer’s to obtain home financing.
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.
Short Supply of Single-Family Homes. Coupled with steady demand, especially in the first time buyer sector.
Decreasing Rental Rates. Condo rental prices are starting to slightly decrease after 4 years of continual appreciation.
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

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.

Click here to read the El Nuevo Herald (In Spanish) article that was referenced in the news interview.


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Exclusive Rua Realty Rentals

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.


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.

  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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Rua Realty in the News

Charlie Rua & Xavier Durana in front of the 6th Hole Rua Realty Flag.

Charlie Rua & Xavier Durana in front of the 6th Hole Rua Realty Flag.

Rua Realty Sponsors the 2nd Annual Somerset Academy Gables Golf Tournament at the Biltmore Hotel in Coral Gables

Rua Realty agents participated and sponsored the second annual Tournament. Somerset Academy Coral Gables is located in the desirable Golden Triangle of Coral Gables within close proximity to the Coral Gables Library and Youth Center.

Click here to learn more about the Coral Gables (33134) real estate market.


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