Posts By :

Admin-rps

Orlando: Cooling After the Spike, Buyers Gain Leverage

 496 279 Admin-rps
By:
0

Orlando’s market cooled in 2025 with year-over-year value declines in some measures, signaling normalization after prior rapid growth.

Inventory and months-of-supply moved toward balance, giving buyers more negotiation room than in peak frenzy periods.

Tourism and short-term rental dynamics still influence pockets of the market, creating localized pricing differences.

Outlook: measured recovery possible if mortgage rates decline, while buyers find selective opportunities in balanced neighborhoods.

Buyer-Friendly Market Offers Great Opportunities for Homebuyers

 150 150 Admin-rps
By:
0

Sellers outnumber buyers by 36.8%, the largest gap since 2013, giving buyers more negotiating power, yet home prices remain about 2% higher year-over-year. Many sellers resist lowering prices, causing a mismatch with buyers focused on affordability. Markets in Texas and Florida favor buyers, while a few metros like Nassau County, NY, still favor sellers. Affordability may improve in 2026 with lower mortgage rates, but a big surge in sales is unlikely.

Continue to full article

Miami Home Prices Down in Mid-Fall

 496 279 Admin-rps
By:
0

Slide 1:
Miami home prices dip slightly in October, median listing at $629,900.

Slide 2:
Inventory rises 22% year-over-year, keeping pace with national trends.

Miami Buyers Return as Pending Sales Jump Sharply!

 496 279 Admin-rps
By:
0

Miami pending sales increased, attracting eager buyers despite high costs.

Mortgage rates eased, slightly reducing Miami payments.

Buyer interest surged as affordability improved to three-year highs.

New listings remained steady, keeping Miami’s housing market active.

Down payments above $72,000 continue to limit Miami buyers’ options.

How To Decide The Length Of Your Mortgage

 150 150 Admin-rps
By:
0

When choosing a mortgage, consider the loan length alongside interest rates, monthly payments, and your budget. Shorter loans typically have lower interest but higher monthly payments, which can be burdensome. A longer mortgage may allow for a more expensive home but results in more interest paid over time. Your plans for how long you’ll stay in the home and your income flexibility also influence the decision. Ultimately, evaluating these factors will help determine the best mortgage term for your situation.

Continue to full article

Orlando: Fall Pause, Balanced Market Heading Into 2026

 496 279 Admin-rps
By:
0

Orlando’s market cooled through fall, with listings increasing and closed sales flattening after pandemic-era surges.

Tourism-linked employment and migration flows continue to sustain base-level demand.

Entry-level and mid-price homes remain resilient, while the luxury tier softens.

Forecast: Balanced conditions and mild price growth expected by early 2026 as interest rates stabilize.

Timing your last mortgage payment before closing

 150 150 Admin-rps
By:
0

When selling a home, the last mortgage payment timing depends on the closing date and mortgage terms. It's recommended to pay the final amount about 7 days before closing to ensure funds clear. The lender's payoff statement includes principal, interest, fees, and escrow deficits. Cancel autopay early to avoid errors. If overpaid, lenders must refund excess within 30 days. Check all loans for different due dates.

Continue to full article

Paying Off Mortgage Early: 6 Ways And The Benefits

 150 150 Admin-rps
By:
0

To pay off a mortgage early, consider these six strategies:

1. Make biweekly payments to reduce the loan term and save on interest.
2. Refinance to a shorter loan term for lower interest rates and payments.
3. Reevaluate your budget to free up funds for extra payments.
4. Round up monthly payments to the nearest hundred to reduce interest.
5. Direct extra payments toward the principal to decrease the loan balance.
6. Make an extra annual payment using bonuses or tax refunds to save on interest and shorten the term.

Continue to full article

Could South Florida’s Housing Market Boom Through 2026?

 496 279 Admin-rps
By:
0

Ultra-luxury demand remains strong, with high-net-worth buyers driving record-setting sales and keeping South Florida on the global real estate map.

Affordable condos are stable, with prices holding steady and new regulations increasing buyer confidence and financing opportunities.

A buyer’s market is expected through mid-2026, offering more inventory and better negotiation power for those ready to purchase.

If mortgage rates ease toward the low 6% range, demand could surge, potentially shifting the market toward a balanced or seller-favorable environment.

When Is the Best Time to Buy in Miami?

 496 279 Admin-rps
By:
0

Miami’s best time to buy a house is projected in early December 2025.
Peak inventory and favorable pricing align with winter seasonal trends.
Reduced competition allows buyers more flexibility in negotiations.
Timing purchases with seasonal peaks may result in substantial savings.
Local market planning ensures buyers act efficiently when listings peak.