To all the moms; the profound impact you have on us is beyond measure, yet not acknowledged enough. Thank you for all of your unconditional love. Happy Mother’s Day!
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Top Agent Panel Hosted By Keller Williams
Thank you Keller Williams Realty Premier Properties for inviting our company Kirilauscas & Associates Realty to this event!
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Dirt Cheap Money Fueling Home Prices?
What’s fueling real estate prices? Among many factors, interest rates (or the cost to borrow money). Going back to the late 80s when 30 year mortgage rates where over 15%, fast forward now to 2017, good credit and good credentials will get you about 4%.
Think about the impact that has on, say, on a $500,000 mortgage. At 15% interest rate you are looking at a monthly mortgage payment of just under $8,000! Compute that $500,000 loan at 4%, you are down to $2,500 bucks a month. Huge impact. HUGE!
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Home Prices Up, But So Is Inventory
I wanted to share with you the latest (downloadable) Miami Dade Single Family Real Estate Stats and give you an opinion of how these numbers are affecting your home value. Long story short…
- The rate of sold properties (volume) is flat
- Prices keep going up
- And available inventory is increasing
What does this mean to you? The value of your home will continue to appreciate. However, if you know someone that’s thinking about selling, picking the right price and marketing strategy is more crucial than ever given the fact that available inventory (competition) is increasing.
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Mario Avalos 