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June 3, 2020
Even before the pandemic, institutional real estate investors were already training their focus on smaller cities and online commerce. This is according to investment firm SEI and data provider Preqin. The two firms surveyed 117 fund managers and 60 institutional investors for a report on the future of real estate investing, expected to be released early Tuesday. Although the survey was conducted in the fourth quarter of 2019, it identified trends that are likely to be accelerated by the coronavirus pandemic, according to SEI vice presidents Ross Ellis and Jay Cipriano. For example, asset managers and investors polled by SEI […]
June 3, 2020
COVID-19’s impact on Virginia’s market less extreme due to strong economy and high demand While home sales activity has slowed across much of the U.S. as a result of COVID-19, the Commonwealth’s housing market has demonstrated greater resiliency than many housing markets across the country. In April, the number of home sales in Virginia was down 7% compared to April 2019. According to the National Association of REALTORS®, nationwide, April sales dropped 17% compared to last year. The number of pending sales in Virginia in April was down 28% compared to a year ago. By comparison, NAR has reported pending […]
June 2, 2020
Just Listed 6871 SW 32 Terr Miami, FL 33155 3 Bedrooms | 2 Bathrooms | 1,708 SqFt | 5,500 SqFt Lot Listed at $480,000 Completely updated home with 3 bedrooms, 2 bathrooms, and a separate 1 bedroom 1 bathroom cottage. Home features terrazzo floors, new kitchen with granite counter tops and stainless steel appliances, updated bathrooms and a large yard with a covered terrace. Home is centrally located near shopping centers, schools and main highways.
June 1, 2020
Just Sold 1132 Obispo Ave Coral Gables, FL 3 Bedrooms | 2 Bathrooms | 1,710 Total SqFt | 7,500 SqFt Lot Sold for $675,000 This Coral Gables 1926 Old Spanish style 3 bedroom/2 bathroom home with pool is a fabulous opportunity just 2 blocks from the Granada Golf Course & Country Club on a lovely tree-lined street. With traditional characteristics such as original swirled Corinthian columns in the foyer, French windows, a working fireplace & beautiful hardwood floors give this home a great balance for its modern features. Other features include updated bathrooms, an ample kitchen with s/s appliances, custom […]
May 29, 2020
Coronavirus slowed real estate market activity in April as expected during Florida’s safeat home restrictions. According to the April 2020 Market Report released by the Naples Area Board of REALTORS (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island), overall closed sales decreased 28.6 percent to 838 closed sales compared to 1,173 closed sales in April 2019. Inventory decreased as well in April by 29.1 percent to 5,394 homes compared to 7,605 homes in April 2019. The April report also confirms home values remain intact. “Our priority is the safety of Naples residents and our members, […]
May 29, 2020
Meg Staley, 39, moved back to her hometown of Norwich last July after spending 15 years working in Washington, D.C. for a structural engineering firm. After living with her brother for a few months while she adjusted to the move, she began searching for a home of her own early this year. Her search was halted by the pandemic. As the coronavirus pandemic leaves many industries grappling to avoid economic collapse, the housing market has come to a near standstill in the Norwich area as well. Compounding factors have led to both a decline in inventory and the time houses […]
May 29, 2020
Just Sold 6907 Trionfo St Coral Gables, FL 3 Bedrooms | 2 Bathrooms | 2,235 SqFt | 7,500 SqFt Lot Sold for $640,000 This house is all about location, location, location! Nestled just off Sunset Drive and S. Alhambra Circle in South Coral Gables with a short distance to Sunset Elementary (assigned school) and close to plenty of great attractions within downtown South Miami too. This 3 bedroom/2 bathroom/1-car garage house welcomes you home with an ample circular paved driveway for you and your guests. A front double door opens to a foyer entry to a large living and dining […]
May 28, 2020
Just Listed 1717 Madrid St Coral Gables, FL 4 Bedrooms | 3 Bathrooms | 2,181 SqFt | 7,500 SqFt Lot For Rent: $3,600/Month Beautiful 4 bed 3 bath home featuring impeccable wood floors details throughout. Spacious living and dining areas. Plenty of storage space in the kitchen, with center island and stove. This house offers privacy and tranquility, it has a private terrace and enclosed side yard. It also offers a one car garage plus plenty of parking. Included in the rent is also the yard maintenance, to keep the landscape looking fresh and beautiful.
May 27, 2020
Home prices were still gaining steam in March, as the country began shutting down in the face of the coronavirus pandemic. On a national level, prices in March rose 4.4% annually, up from 4.2% in February, according to the S&P CoreLogic Case-Shiller index. The 10-City Composite rose 3.4% annually, up from 3% in the previous month. The 20-City composite increased 3.9%, up from 3.5% in February. Due to reporting delays related to the pandemic, only 19 cities are included. Detroit’s price numbers were unavailable. “March’s data witnessed the first impact of the Covid-19 pandemic on the S&P CoreLogic Case-Shiller Indices,” […]