Price appreciation, low mortgage rates, and declining inventories in 2013 together contributed to more bidding wars. Take a look at our Sunday, December 29, 2013 Miami Herald Neighbors page for a market outlook...
the National Association of Realtors (NAR), in 2012 the average Realtor made
scarier is thatReal Estate
Agentswith over 16 years of
experience averaged only $47,100 last year according to NAR."
Now is the time to put your home on the market right after the first of the year, especially here in Coral Gables. AFlorida Realtorsarticle shows that pending sales are slowing down. The Pending Home Sales Index indicates a projection of almost 10 % higher home sales in 2014, and an 11% increase in existing home prices. Read the article.
I want to share this article with you from the South Florida Business Journal:
South Florida led the nation in all-cash home sales
according to a study by RealtyTrac.
Just over 70 percent of October home sales in South Florida were cash deals,
the highest among the Top 50 metropolitan areas. Many of the purchasers in
those deals are investors, often foreign investors, or wealthy, second-home
buyers. Working families rarely have the resources to shell out cash for a
home. Read article.