Miami Condo News

In the newly commissioned survey, “Seeking an Extraordinary Lifestyle,” 85% of respondents agreed with the statement, “I think real estate continues to be one of the better investments a person can make.” The study further revealed:

• 72% of respondents believe their primary home value has remained constant or increased in value over the last 12 months (46% remained constant; 26% increased).

• Nearly two-thirds of respondents report that current conditions have “no effect” on their likelihood to sell their primary home (63%).

• In the coming year, 79% believe the value of their primary home will continue to remain constant or increase (55% remain constant; 24% will increase).

• In the next year, more than half (54%) of the million-dollar homeowners plan to buy, sell, build or invest in a new home.

• 69% of million-dollar homeowners agree that now is a good time to add to one’s real estate holdings.

• 71% agree, “Over time, nothing beats real estate for building one’s personal wealth.”

The respondents feel that the media plays a role in the perception of the current real estate market conditions:
Half (50%) of respondents think the media exaggerates conditions to make the market seem worse than it is.

“This study confirms that even in a downturn economy, our readers are what we call ‘recession- proof’,” said Giulio Capua, vice president and publisher of Architectural Digest. “They continue to spend money on real estate and other luxury goods and services.”

According to Michael R. Good, president and chief executive officer, Sotheby’s International Realty Affiliates LLC, the study proves that real estate continues to be seen as a valuable investment opportunity, especially among consumers in the luxury market.

“This study validates the assertion that real estate is one of the best long-term investments a person can make, regardless of current market conditions. Affluent consumers know that real estate plays a key role in their long-term strategy to increase personal wealth,” said Good. “And among those consumers seeking to add to their real estate portfolio, the top criteria for choosing a property are location, price, amenities and home features.”

“The Aspen market is seeing steady home sales that compare to our market in 2004/2005. These were record setting sales years and at the time everyone considered the market to be hot. There are still a number of buyers looking for real estate and although asking prices have declined, prices paid have been comparable to the last year.” said Mike Russo, president of Aspen Sotheby’s International Realty. “The strength of the Sotheby’s International Realty network and its global recognition has helped us reach clients all over the world. In addition, the brand’s marketing support combined with our local statistical data has enabled us to showcase to our clients why real estate truly is a sound and valuable investment in their financial portfolios.”

Research Methodology
Beta Research Corporation conducted a geo-specific mail survey to 3,500 Architectural Digest subscribers with a household income of $100,000+ and a home valued at $1,000,000+ on behalf of Condé Nast Publications in the following designated market areas: New York, Los Angeles, Chicago, San Francisco/Oakland/San Jose, Boston, Atlanta, Miami/Ft. Lauderdale, San Diego, Denver and Detroit. The survey was conducted between February 19 and March 14, 2008. There were 510 respondents.

About Sotheby’s International Realty Affiliates LLC
The Sotheby’s International Realty network currently has more than 9,500 sales associates located in more than 485 offices in the United States and 32 other countries and territories.

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.

Florida Real Estate

This week’s cover story profile of Mount Sinai Medical Center by John Dorschner is a reminder of how important real estate is to all of South Florida. The venerable institution has been hampered by a land purchase it made at the dawn of this decade.

While relief from that injury may come soon for Mount Sinai, the overall South Florida real estate market, especially residential, has no quick remedies.

This morning the Florida Association of Realtors will release July home sales and price data. The experts will either declare the industry’s recession is almost over — or we’ll get the sinking feeling that the muck and mire of soft numbers will continue.

One such expert already has the answer, and it provides no solace.

In his online forum, Mark Zandi, the chief economist at Moody’s Economy.com, prescribes no breath-holding for the light at the end of the tunnel. Commenting in the forum, Hugh from Pembroke Pines asks Zandi about the burdensome effects of taxes and insurance on home affordability and the answer cuts to the core of what’s ailing the market.

“It is the key reason why the Florida housing market will be one of the last to recover from the current downturn,” Zandi writes.

Is the solution to add more price controls to insurance companies? De-electing gridlocked legislators? Harpooning greedy speculators or criminal mortgage brokers? No, Zandi says. Look to the skies.

“It is not only the very high insurance and tax bills, but it is also the uncertainty with regard to how high they will be in the future. We are certainly reminded of this now as storms traverse the Atlantic and move up the peninsula.”

Yep, our fate is in Mother Nature’s hands. Fewer Fays, less worrisome Wilmas and the real estate market will prosper. So, God help us.

Karen Pennland walks in the rain and wind from Tropical Storm Fay August 19, 2008 in Fort Myers Beach, Florida. NAPLES, Florida (AP) — Tropical Storm Fay moved inland Tuesday after making landfall in southwest Florida, bringing soaking rains and gusty winds but failing to become a minimal …

The catch in investing your money well in Miami real estate is easy you just need to be wise on picking where to have your investments set in. I think that with some little configuration and some added value on your handpicked location you can be good. But digging deep you need more than just that. Miami real estate is a broad topic to begin with and if you talk about options you will find yourself confused because of the number of potential investment you can do in the place. There are really large scales of investment that you can pick on with Miami real estate. But let me tell you that the best asset that Miami real estate can always boasts is its location. For most investors, location is gold and with that being said, it can be hard to find a good location that can still be available.

With a lot of investors investing in Miami, you may find yourself stuck on looking for that one location that you can consider as an asset. But I think with all that being a relatively important issue, I think that it can be wise to accept that you can have difficulties on locating your perfect location for investment. I think that right now the people who knew the market very well can always testify that it can be a rough scene sometimes especially if you have some rivals for a certain location, it can be hard to get what you want but of course it is a part of the market’s scene. Miami real estate is still on of the most celebrated real estate location in Florida and arguably in the nation. There are even past numbers to prove it.

Right now we can accept that every state in America is having the same economic crisis and it is something that people have looked into. Miami real estate investing is a good thing to start your investment with because you can always blossom in its market. Furthermore thinking that there are options in the same area can also be a good idea, especially if that idea can be feasible to an extent. The basic law in real estate investment is options can always give you some results. There are a lot of things that you can eventually call investment and with a lot of knowledge and know how, you can be on the right track.

I think that it is safe to say that Miami real estate can be one of the best things to have your money see progress. Investing in Miami real estate seems to be a good idea, it can be a big move for you but of course I am not pushing you to do it. I just want to say you can have it as an option, it can make you investment worth it and if you do well, it can be the best move you will make. Let us be vigilant on having research on its market so that we can also be aware on where it stands. Miami real estate is not something to laugh at. It is a market that can be a good option for you.

Miami, FL Condos

The mortgage company or bank representatives had their own agenda, which was to sell you a mortgage. The builder’s job was to build and sell his houses. If you had a real estate agent, his or her job was to make a commission from the sale. Unfortunately, that left you both to do your own due diligence, and it wasn’t easy.

A couple of years ago, we were in the halcyon days of real estate, where there was a feeding frenzy and price didn’t seem to matter.

In many respects, the monkeys were running the zoo. People judged the value of the home on what the monthly payments were going to be, and didn’t think about higher taxes, interest rates and insurance costs in their excitement to buy.

Contrary to popular myth, and now harsh reality, home values do not always increase. Throughout history, there have been many periods in which home values declined or stayed steady.

The period between the early ’80s to the late ’90s was brutal, when real estate drooped, then stayed pretty stagnant until it once more began to increase in value. Then home prices took off and went through the roof. Now the markets are in a tailspin once again.

As an investment, it can be difficult to ”play.” As your homestead, it can be a bit easier.

Take a look at the whole picture and decide whether you can make this house your home for the foreseeable future.

If you put enough down and didn’t get a super funky mortgage, you might be OK. Work on your budget. Can you afford the payments and expenses somehow? Did you plan to live there for a long time? Perhaps keeping that roof over your head makes the most sense.

Prices will increase again, but it could take a long, long time. If you absolutely cannot make it work, then difficult and probably painful decisions will need to be made.

Start with negotiating with your lender, if possible. The very last and most difficult process would be bankruptcy. I do hope you won’t need to travel down that dark path. It isn’t fun.

Miami Beach, Florida, US

Miami is a place where potential finds its niche. We all are aware on how the Miami real estate market works and do far we all have played some kind of a game trying to predict what kind of forecast will be flashing on our screens. Certain markets such as the commercial and residential have shown that they can be a productive market if you just let it reach its potential. The thing is it has other markets as well in which we can say that we can really invest with. More to a fact that the Miami real estate market can be something that we can all have considerations with, I think the bigger picture is that Miami can always be the one spot that people always desire to have a home with.

So we have to take good care of our investment, so that the bottom line is Miami real estate can be a good market to compromise. Going into putting much priority on markets that can be your one move that will be a good investment will be much more than just being into a market and looking at it in a more significant way. Considering that the Miami real estate has some other markets that we can put our investment into. The foreclosure real estate market for example, it is a nice example of investing out of the box. I think people now have been looking for options and with that being said. There are actually some gold mines in foreclosure properties.

My take on having the market adjust to what people have been targeting is that they are looking for investment that has a high probability of having success on. It’s surely a hard to find some markets that can prosper in such a short time but that is not always an easy task to do. If you look at the potential of the market you’ll find different things that we can always consider. I think that Miami foreclosure real estate is something that people now are looking into. The potential there is fresh and there are actually some important things that have come out of it. There are actually bargain foreclosure property hunters that prey on it and you’ll be surprised on the recognition of its market alone.

The integral part of the market is that it can be something that we can always use as a leverage to find good deals. Miami foreclosure real estate has been one of the markets that have shown some skin on being a relatively “Strong” market. Miami has always been known for potential and by that we can all see what its worth. Let me tell you that when considering the market you should always have a close look at it. Many investors have locked eyes on it in which have made some people pretty much curious on its market’s movement. Miami real estate is your market of choice and with what it offers the advantage of it can be seen in a straight notion.

This site is a site for anyone looking to buy or sell condos in the Miami area. We provide listings of all condos in the Miami area by city. If you are interested please take a look around Miami Condo HQ or if you are a real estate agent looking to sign up for an area near Miami you can visit our Real Estate Advertising page. We here at Miami Condo HQ hope you find the Miami condos or Florida Real Estate Agents you are looking for.