Are you planning to buy your first house and don’t know what price range to search for? Or are you only curious about how much is your price-to-income guideline? Well, this was the main questions the study of Hosing Markets and Finance made by the American Enterprise Institute’s Center (A.E.I.) was trying to solve.
If you were trying to find a magical equation that gave you the specific amount you can spend on buying a new home, I am sorry to tell you that it is a bit more difficult than that.
CNN money recently reported about a survey made in 200 US metro areas. While comparing buying and renting costs, it appears that buying is way more interesting than renting in more than 75% of the polled areas!! Read the rest of this entry »
Last year, the Icon Brickell was the perfect example of the floridian market during the crisis. Banks were foreclosing on 2 of the 3 towers, investors cancelling their preconstruction contracts.
Today three-quarters of the units have sold. The banks had forecasted 3 years to achieve the sales of all the units but 18 months were sufficient. Most of the buyers are Brazilians and Argentineans. Read the rest of this entry »
Miami Real Estate Blog 