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Real Estate Quick market update – November 2023 According to the multiple listing service here in Miam-Dade County, the statistics are showing a median list price that has gone from $649,000 to about $699,000 since January to November.  Mind you… these are the median list prices are based on almost 19,000 listings that have been on the market since 2023 began.  What this […]
Real Estate May 2023’s Single Family Homes report for Miami-Dade County Many of you ask me for this information during our telephone conversations.  I figured I’d just put it on a quick blog, so that you don’t have to visualize the information in your head. Basically, we continue with a scenario of low inventory…so naturally the number of actual sales are down plus many sellers are […]
Real Estate What’s new in 2023’s real estate market in South Florida? It’s been a few months since I’ve posted a blog, and I apologize.  Much like most of you, I am trying to make sense of what is happening in the real estate market in South Florida in particular.  Actually, 2023 has started off very strong for me with many of my longtime clients putting the […]
Mortgages So why are mortgage rates increasing? Most people think it’s the FED rate hikes that control the mortgage rates.  It does not.  It controls the Fed Funds rate, which directly affects US Treasury notes .   What affects the mortgage rates are US Treasury notes.  Treasury bonds are one of the world’s safest investments.  If investors find the yields attractive and safe, […]
Real Estate What is the locked-in effect? The “locked-in effect” is what happens when:  Your current mortgage is so low that it’s just too attractive to stay put, as anywhere you move to will be too expensive to consider  You refinanced into a historically-low rate, the monthly payment is ridiculously low, and if you buy anything new, your rate will now be […]
Financial Information What is happening to the real estate market after the rate increases? Grab your coffee and get comfortable for a little chat. This is another one of those long winded conversations I have with my clients.  The Federal Reserve (the FED) is having to get aggressive with its fight against a recession and inflation.  Let’s face it.  The ultra low rates we have had for more than […]
Real Estate What is a housing bubble? I get this question a lot. So according to Investopedia: A housing bubble, or real estate bubble, is a run-up in housing prices fueled by demand, speculation, and exuberant spending to the point of collapse. Housing bubbles usually start with an increase in demand, in the face of limited supply, which takes a relatively extended […]
Real Estate Interested in moving out of Miami? April 11, 2022 Life in Miami has gotten expensive. In fact, we are the most expensive rental market in the country. Prices are high, but the factors affecting our economy (gas prices, food prices, inflation, increased interest rates) should be making everyone take pause and think about our own particular situation. If you are still […]
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Medicaid Are you stuck in your house because of Medicaid? Many baby boomers are Medicaid recipients.  They are also homeowners.  Some are considered “house poor” because they have no money in the bank, their homes are not in the best of conditions, and they cannot afford the cost of maintaining their homes.  Moreover, some cannot sell their homes because the cost of losing their Medicaid […]
Estate Planning Go ahead and use the fine china When I was growing up, my mother had a set of fine china, one that we couldn’t use.  As a child, that made no sense to me.  You bought it but why can’t we use it?   The answer was always the same:  It was for special occasions.  I am now in my mid-50’s and to […]
Financial Information What do low mortgage rates mean to you? Mortgage rates are always in the news and people always ask me “why should I care about rates rising or falling?”  So taking advantage of today’s news, I thought I’d do a brief summary on the matter. (I gave a similar explanation in my March 2020 blog).   1.  When mortgage rates drop, it means […]
Real Estate Feng Shui and real estate Feng Shui and Real Estate Just what is Feng Shui? The short answer is that it’s an ancient Chinese art and science that was developed some 3000 years ago to help people balance the energies in the places they lived. It’s pronounced Fung Shway and it translates to “Wind Water.” In Chinese culture, the elements […]
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Elizabeth Cooper-Garcia PA

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