Mindblown: a blog about philosophy.
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Falling mortgage rates, looming condo reform deadline shape South Florida housing market
South Florida's housing market shows contrasting trends. While single-family home sales are increasing, the condo market is slowing due to rising inventory and declining demand. Closed condo sales fell between 2.4% and 7% across Miami-Dade, Broward, and Palm Beach counties, with inventory doubling in July. Despite longer selling times, condos are still selling for about…
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This is how many condo buildings have been inspected in Palm Beach County
In Palm Beach County, less than half of the condominiums requiring inspections by year-end have been inspected. Out of 600 buildings aged 30 years or older, only 210 have passed inspections, with 90 under review and 40 requesting extensions. A total of 260 condo associations have not submitted inspection reports. The low inspection numbers may…
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First Home, Smart Moves
Assess Financial Health: Understand your budget, credit score, and debts before starting your home search.Get Mortgage Pre-Approval: Secure pre-approval to define your budget and show sellers you're serious.
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2024 South Florida Luxury Homes: $8M-$12M Range
A new luxury single-family homes program is launched in South Florida for high-net-worth investors. Properties will range from $8M to $12M, offering a conservative IRR of 15% to 20%.
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Tasas Hipotecarias Estables: Esperando Un Respiro en Otoño
Las ventas de viviendas caen mientras los compradores hacen una pausa.Altas tasas hipotecarias limitan el poder adquisitivo e inventario.
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Nuevas Viviendas Se Reducen Para Ajustarse a Los Presupuestos
Los tamaños de las viviendas se reducen, resultando en menos pasillos y diseños más compactos. Los arquitectos eliminan áreas no esenciales como pasillos para crear espacios funcionales en hogares más pequeños.
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Puede La Fed Combatir La Inflación Sin Afectar La Vivienda?
La Reserva Federal mantuvo las tasas en un rango de 5.25%-5.5% debido a la inflación persistente. La inflación anual en EE.UU. fue del 3% a finales del segundo trimestre, bajando del 3.3% a mediados del mismo trimestre.
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Pago Inicial Promedio de una Casa en Florida en 2024
Comprar una casa en Florida implica un pago inicial significativo, que generalmente varía entre el 10% y el 20% del precio de compra. Los compradores de vivienda por primera vez suelen pagar alrededor del 7% y pueden acceder a programas de asistencia. Los factores que influyen en los pagos iniciales incluyen las tendencias del mercado…
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Tasas Hipotecarias Podrían Caer Por Debajo Del 6.5% en 2025
Posible Corte de Tasas en 2024: Si el mercado laboral se debilita para controlar la inflación.Mayor Asequibilidad: Tasas más bajas harían la vivienda más asequible.
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Proposed property taxes sent to all Palm Beach County homeowners
Homeowners in Palm Beach County will receive notices regarding proposed property taxes, detailing property values, potential assessment reductions, and related hearings. The 2024 Truth in Millage notices will outline proposed taxes and budget hearings, where final millage rates are established. The notices also provide information on governmental service charges and property market data, including assessed…
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