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Published by Maji Pace Ramos on June 20, 2023
Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions:
1. Why Are Mortgage Rates So High?
2. When Will Rates Go Back Down?
Here’s the context you need to help answer those questions.
1. Why Are Mortgage Rates So High?
The 30-year fixed-rate mortgage is largely influenced by the supply and demand for mortgage-backed securities (MBS). According to Investopedia:
“Mortgage-backed securities (MBS) are investment products similar to bonds. Each MBS consists of a bundle of home loans and other real estate debt bought from the banks that issued them . . . The investor who buys mortgage-backed security is essentially lending money to home buyers.”
Demand for MBS helps determine the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate. Historically, the average spread between the two is 1.72 (see chart below):
Last Friday morning, the mortgage rate was 6.85%. That means the spread was 3.2%, which is almost 1.5% over the norm. If the spread was at its historical average, mortgage rates would be 5.37% (3.65% 10-Year Treasury Yield + 1.72 spread).
This large spread is very unusual. As George Ratiu, Chief Economist at Keeping Current Matters (KCM), explains:
“The only times the spread approached or exceeded 300 basis points were during periods of high inflation or economic volatility, like those seen in the early 1980s or the Great Financial Crisis of 2008-09.”
The graph shows how the spread has come down after each peak. The good news is, that means there’s room for mortgage rates to improve today.
For breaking news on the Miami Real Estate Market please subscribe to:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ Maji’s Market Minute YouTube channel: https://bit.ly/
So, what’s causing the larger spread and making mortgage rates so high today?The demand for MBS is heavily influenced by the risks associated with investing in them. Today, that risk is impacted by broader market conditions like inflation and fear of a potential recession, the Fed’s interest rate hikes to try to bring down inflation, headlines that create unnecessarily negative narratives about home prices, and more.
Simply put: when there’s less risk, demand for MBS is high, so mortgage rates will be lower. On the other hand, if there’s more risk with MBS, demand for MBS will be low, and we’ll see higher mortgage rates as a result. Currently, demand for MBS is low, so mortgage rates are high.
2. When Will Rates Go Back Down?
Odeta Kushi, Deputy Chief Economist at First American, answers that question in a recent blog:
“It’s reasonable to assume that the spread and, therefore, mortgage rates will retreat in the second half of the year if the Fed takes its foot off the monetary tightening pedal and provides investors with more certainty. However, it’s unlikely that the spread will return to its historical average of 170 basis points, as some risks are here to stay.”
Bottom Line
The spread will shrink when the fear investors feel is eased. That’ll mean we should see mortgage rates moderate as the year goes on. However, when it comes to forecasting mortgage rates, no one can know for sure exactly what will happen.
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #realestatemarket #rentvsbuy #homeownershipmatters #investinyourfuture #makthebestdecision
❤🖤💚❤🖤💚❤🖤💚
Published by Maji Pace Ramos on June 16, 2023
You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently.
Home prices rose rapidly during the ‘unicorn’ years. That gave homeowners a considerable equity boost. But those ‘unicorn’ years couldn’t last forever. The market had to moderate at some point, and that’s what we saw last fall and winter.
As home prices dropped slightly in the back half of 2022, equity was impacted. Based on the most recent report from CoreLogic, there was a 0.7% dip in homeowner equity over the last year. However, the headlines reporting on that change aren’t painting the whole picture. The reality is, while home price depreciation during the second half of last year caused equity to drop, the data shows homeowners still have near-record amounts of equity.
The graph below helps illustrate this point by looking at the total amount of tappable equity in this country going all the way back to 2005. Tappable equity is the amount of equity available for homeowners to access before hitting a maximum 80% loan-to-value ratio (LTV). As the data shows, there was a significant equity boost during the ‘unicorn’ years as home prices rapidly appreciated (see the pink in the graph below).
But here’s what’s key to realize – even though there’s been a small dip, total homeowner equity is still much higher than it was before the ‘unicorn’ years.
And there’s more good news. Recent home price reports show the worst home price declines are behind us, and prices have started to go up again. As Selma Hepp, Chief Economist at CoreLogic, explains:
“Home equity trends closely follow home price changes. As a result, while the average amount of equity declined from a year ago, it increased from the fourth quarter of 2022, as monthly home prices growth accelerated in early 2023.”
The last part of that quote is particularly important and is the piece of the puzzle the news is leaving out. To further emphasize the positive turn we’re already seeing, experts say home prices are forecast to appreciate at a more normal rate over the next year. In the same report, Hepp puts it this way:“The average U.S. homeowner now has more than $274,000 in equity – up significantly from $182,000 before the pandemic. Also, while homeowners in some areas of the country who bought a property last spring have no equity as a result of price losses, forecasted home price appreciation over the next year should help many borrowers regain some of that lost equity.”
And even though Odeta Kushi, Deputy Chief Economist at First American, references a slightly different number, Kushi further validates the fact that homeowners have a lot of equity right now:“Homeowners today have an average of $302,000 in equity in their homes.”
Context is everything when looking at headlines. While homeowner equity dropped some from last year, it’s still near all-time highs. Let’s connect so you can get the answers you deserve from an expert who’s here to help as you plan your move this year.
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #homeownerequity #homevalueappreciation #equitygrowth #realestatemarket #tappableequity #unicornyears #positiveturn #forecastedappreciation #contextmatters #expertadvice
Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home 
prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). Here’s an explanation of each.
Year-over-Year (Y-O-Y): 
This comparison measures the change in home prices from the same month or quarter in the previous year. For example, if you’re comparing Y-O-Y home prices for April 2023, you would compare them to the home prices for April 2022.
This comparison measures the change in home prices from one month to the next. For instance, if you’re comparing M-O-M home prices for April 2023, you would compare them to the home prices for March 2023.
We’re about to enter a few months when home prices could possibly be lower than they were the same month last year. April, May, and June of 2022 were three of the best months for home prices in the history of the American housing market. Those same months this year might not measure up. That means the Y-O-Y comparison will probably show values are depreciating. The numbers for April seem to suggest that’s what we’ll see in the months ahead (see graph below):
However, on a closer look at M-O-M home prices, we can see prices have actually been appreciating for the last several months. Those M-O-M numbers more accurately reflect what’s truly happening with home values: after several months of depreciation, it appears we’ve hit bottom and is bouncing back.
Here’s an example of M-O-M home price movements for the last 16 months from the CoreLogic Home Price Insights report (see graph below):
So, if you’re hearing negative headlines about home prices, remember they may not be painting the full picture. For the next few months, we’ll be comparing prices to last year’s record peak, and that may make the Y-O-Y comparison feel more negative. But, if we look at the more immediate, M-O-M trends, we can see home prices are actually on the way back up.There’s an advantage to buying a home now. You’ll buy at a discount from last year’s price before prices start to pick up even more momentum. It’s called “buying at the bottom,” and that’s a good thing.Bottom Line
If you have questions about what’s happening with home prices, or if you’re ready to buy before prices climb higher, let’s connect.
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #
#buyatthebottom #fullpicture #connectforexpertadvice #markettrends
Published by Maji Pace Ramos on June 13, 2023
You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.
A lot of the time, these reports are assuming things that aren’t realistic for the average household. For example, the methodology behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they’d spend on costs tied to buying a home and put it in an investment portfolio.
But here’s the thing – most people who rent aren’t making those investments. Ken Johnson, Co-Author of the BH&J National Price-to-Rent Index, explains:
“One of the difficulties with the rent and reinvest model is many people . . . simply rent and spend the difference. . . . That’s wealth destroying.”
So, before you renew your rental agreement, think about the opportunity to build wealth that homeownership provides.
Bottom Line
If you’re unsure whether to continue renting or to buy a home, let’s connect to help you make the best decision.
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #realestatemarket #rentvsbuy #homeownershipmatters #investinyourfuture #makthebestdecision
When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point.
1. The Current Mortgage Rate on Existing Mortgages
First, let’s look at the current rate on existing mortgages. According to the Federal Housing Finance Agency (FHFA), as of the fourth quarter of last year, over 80% of existing mortgages have a rate below 5%. That’s significant. And, to take that one step further, over 50% of mortgages have a rate below 4% (see graph below):
Now, there’s a lot of talk in the media about a potential foreclosure crisis or a rise of homeowners defaulting on their loans, but consider this. Homeowners with such good mortgage rates are going to work as hard as they can to keep that mortgage and stay in their homes. That’s because they can’t go out and buy another house, or even rent an apartment, and pay what they do today. Their current mortgage payment is more affordable. Even if they downsize, with today’s higher mortgage rates, it could cost more.
Here’s why this gives the housing market such a solid foundation today. Having so many homeowners with such low mortgage rates helps us avoid a crisis with a flood of foreclosures coming to market like there was back in 2008.
2. The Amount of Homeowner Equity
Second, Americans are sitting on tremendous equity right now. According to the Census and ATTOM, roughly two-thirds (around 68%) of homeowners have either paid off their mortgage or have at least 50% equity (see chart below):
In the industry, the term for this is equity rich. This is significant because if you think back to 2008, some people had to make the difficult decision to walk away from their homes because they owed more on the home than it was worth.
But this time, things are different because homeowners have built up so much equity over the past few years alone. And, when homeowners have that much equity, it helps us avoid another wave of distressed properties coming onto the market like we saw during the crash. It also creates an extremely strong foundation for today’s housing market.
Bottom Line
We are in one of the most foundationally strong housing markets of our lifetime because homeowners are going to fight to keep their current mortgage rate and they have a tremendous amount of equity. This is yet another reason things are fundamentally different than in 2008.
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #realestatemarket
(via FB/Conservation International)
Full article at: https://lnkd.in/eG4QCXaG
What a difference a day makes, look at this weather! Two days ago it was raining with hail.
Did you know that it’s the best time to look at a property during a torrential rainstorm? This is when you can actually see flood patterns and drainage, and if you can get inside the property, you can see if there are any active leaks.
I personally love looking at properties during a rainstorm. I actually did this on Tuesday during the storm to look at a building I am considering purchasing as an investment and I wanted to see how the flood patterns were after hours of torrential rain.
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #besttimetobuy #buyerstips #floodinginmiami #homeinspectionsmiami #homeownersinsurance
https://www.iseechange.org/
on ISeeChange.
Report Flooding
“Flooding again on Lucaya St. in Coconut Grove after about 10m of heavy rain.”
– David C.
ISeeChange is proud to serve as the flood reporting tool for the City of Miami. This year, ISeeChange and Miami-Dade County have launched a new partnership to track and understand resident flood experiences. Additionally, we’re taking a closer look at urban heat, tree planting priorities, and pollution in certain areas of the County.
Help us understand how these issues are impacting your community. Every story you share counts, and helps us know where to focus efforts to make our community better.
Make sure you are logged in to the ISeeChange mobile app (and turn on push notifications!) to receive real-time flood alerts for the Miami area this season.
We’ll only send you a text if flooding is confirmed:
ISC on iPhone
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Stay safe, Miami!
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#ISEECHANGE #flooding #reportflooding #majigreeninitiative #googlemaji
https://www.iseechange.org/
If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs.
Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision.
Consider How Long You’ve Been in Your Home
From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many homeowners are living in their houses even longer (see graph below):
When you live in a home for a significant period of time, it’s natural for you to experience a number of changes in your life while you’re in that house. As that life changes and milestones happen, your needs may change. And if your current home no longer meets them, you may have better options waiting for you.
Consider the Equity You’ve Gained
Additionally, if you’ve been in your home for more than a few years, you’ve likely built up significant equity that can fuel your next move. That’s because the longer you’ve been in your home, the more likely it’s grown in value due to home price appreciation. Data from the Federal Housing Finance Agency (FHFA) illustrates that point (see graph below):
While home price growth varies by state and local area, the national average shows the typical homeowner who’s been in their house for five years saw it increase in value by over 50%. And the average homeowner who’s owned their home for 30 years saw it almost triple in value over that time.
Consider Your Retirement Goals
Whether you’re looking to downsize, relocate to a dream destination, or move so you live closer to loved ones, that equity can help you achieve your homeownership goals. NAR shares that for recent home sellers, the primary reason to move was to be closer to loved ones. Plus, retirement played a large role for those moving greater distances.
Whatever your home goals are, a trusted real estate advisor can work with you to find the best option. They’ll help you sell your current house and guide you as you buy the home that’s right for you and your lifestyle today.
Bottom Line
Retirement can bring about major changes in your life, including what you need from your home. Let’s connect to explore your opportunities in our local market.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
#nextchapterhome #homeownershipjourney
Published by Maji Pace Ramos on June 2, 2023
There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains:
“The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as for a clearer picture of the economic outlook.”
If you’re in that position, remember that it’s important to consider not just what’s happening today but also what benefits you may gain in the long run.
There’s a lot of information out there about how homeownership helps build a homeowner’s net worth over time. But even today, many people think first about things like 401(k)s before they think of owning a home as a wealth-building tool. It’s especially important if you’re a young prospective homebuyer to understand how homeownership is another key way to invest in your future. An article from Bloomberg notes:
“Millennials have higher average 401(k) balances than Generation X did when they were the same age, but they’re not any better off financially. . . . A lot of that has to do with being less likely to own a home.”
To help you understand just how much owning a home can have a positive impact on your life over the years, take a look at what the data shows. The same Bloomberg article helps show the gap in wealth between renters and homeowners who are 65 years and older (see graph below). The difference is substantial, even when incomes are similar.
So, if you want to create wealth to help set you up for success later on, it may be time to prioritize homeownership. That’s because, whether you decide to rent or buy a home, you’ll have a monthly housing expense either way. The question is: are you going to invest in yourself and your future, or will you help someone else (your landlord) increase their wealth?
Bottom Line
Before putting your homeownership plans on hold, let’s connect to go over your options. That way, you’ll have expert advice on how to make the best decision right now and the best investment in your future.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#investinyourfuture #wealthbuilding
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
#homeownershipmatters #smarthomebuying #wealthbuildingtool #prioritizehomeownership #housingexpenses #buildnetworth #homeownershipbenefits
Published by Maji Pace Ramos on June 2, 2023
Published by Maji Pace Ramos on June 2, 2023
and the food was delicious!
Published by Maji Pace Ramos on June 1, 2023
Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides.
Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live.
Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.
You May Feel Happier and More Fulfilled
Owning a home is associated with better mental health and well-being. Gary Acosta, CEO and Co-Founder at the National Association of Hispanic Real Estate Professionals (NAHREP), explains:
“Studies have shown the emotional and psychological benefits that homeownership has on a person’s health and self-esteem . . .”
Similarly, Habitat for Humanity says:
“Residential stability among homeowners is related to improved life satisfaction, . . . along with better physical and mental health.”
Your home connects you to your community. Homeowners tend to stay in their homes longer than renters, and that can help you feel more connected to your community because you have more time to build meaningful relationships. And, as Acosta says, when people stay in the same area for a longer period of time, it can lead to them being more involved:
After all, it makes sense that someone would want to help improve the area they’re going to be living in for a while.You Can Customize and Improve Your Living Space
Your home is a place that’s all yours. When you own it, unless there are specific homeowner’s association requirements, you’re free to customize it however you see fit. Whether that’s small home improvements or full-on renovations, your house can be exactly what you want and need it to be. As your tastes and lifestyle change, so can your home. As Investopedia tells us:“One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.”
Owning your home can change your life in a way that gives you greater satisfaction and happiness. Let’s connect today if you’re ready to explore homeownership and all it has to offer.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #truevalue #homeownership #buildingwealth
Published by Maji Pace Ramos on May 31, 2023
Wow!
(via FB/Miami History)
Published by Maji Pace Ramos on May 31, 2023
Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared.
Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word:
“Something that is greatly desired but difficult or impossible to find.”
The pandemic profoundly changed real estate over the last few years. The demand for a home of our own skyrocketed, and people needed a home office and big backyard.– Waves of first-time and second-home buyers entered the market.
– Already low mortgage rates were driven to historic lows.
– The forbearance plan all but eliminated foreclosures.
– Home values reached appreciation levels never seen before.
It was a market that forever had been “greatly desired but difficult or impossible to find.” A ‘unicorn’ year.
Now, things are getting back to normal. The ‘unicorns’ have galloped off.
Comparing today’s market to those years makes no sense. Here are three examples:
Buyer Demand
If you look at the headlines, you’d think there aren’t any buyers out there. We still sell over 10,000 houses a day in the United States. Of course, buyer demand is down from the two ‘unicorn’ years. But, according to ShowingTime, if we compare it to normal years (2017-2019), we can see that buyer activity is still strong (see graph below):
Home Prices
We can’t compare today’s home price increases to the last couple of years. According to Freddie Mac, 2020 and 2021, each had historic appreciation numbers. Here’s a graph also showing the more normal years (2017-2019):
We can see that we’re returning to more normal home value increases. There were several months of minimal depreciation in the second half of 2022. However, according to Fannie Mae, the market has returned to more normal appreciation in the first quarter of this year.
Foreclosures
There have already been some startling headlines about the percentage increases in foreclosure filings. Of course, the percentages will be up. They are increases over historically low foreclosure rates. Here’s a graph with information from ATTOM, a property data provider:
There will be an increase over the numbers of the last three years now that the moratorium on foreclosures has ended. There are homeowners who lose their homes to foreclosure every year, and it’s heartbreaking for those families. But, if we put the current numbers into perspective, we’ll realize that we’re actually going back to the normal filings from 2017-2019.
Bottom Line
There will be very unsettling headlines around the housing market this year. Most will come from inappropriate comparisons to the ‘unicorn’ years. Let’s connect so you have an expert on your side to help you keep everything in proper perspective.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #unicorns #realestatemarket
Published by Maji Pace Ramos on May 30, 2023
We have owned a vacation home for over 15 years and it is the place we truly relax. We call it “Fake Retirement” which isn’t even accurate as I work a lot from there but it’s still vaca.. 
For many of us visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. Just the thought of not having to pack as much puts a smile on my face. 
Nothing beats the feeling of turning on the road for our vacation home. 
If that sounds like you, now’s the time to think about your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes:
“. . . if the idea of vacationing at the same place every year makes you feel instantaneously relaxed, buying a vacation home might be a wise move.”
To help you decide if making a move like this is right for you, let’s explore why you may want to consider purchasing a vacation home today.
Benefits of Owning Your Vacation Home
You don’t have to worry about finding a place to stay. It can be a challenge to find a rental where you want when you want. Some summer vacation destinations are more popular than others, meaning your favorite place may be booked up in advance. Bankrate explains why owning your vacation home means you don’t have to worry about that sort of inconvenience:
“. . . a second home can offer a place to have quality time with your family and ensures that you always have a vacation destination.”
It’s an investment. Home values typically appreciate over the long haul. That holds true for your vacation home as well, especially if it’s in an area with growing market demand. This can help grow your net worth with time.
Vacation homes may provide tax benefits. If you own a vacation home, you may be eligible for tax deductions based on where it is. However, before buying, you’ll want to consult with a tax professional to discuss first as taxes can vary by location.
It could potentially turn into a retirement location. If you love the location of your vacation home, you could potentially sell your primary residence and retire there in the future.
How a Pro Can Help You Find Your Perfect Match
As you’re preparing for summer vacation, remember, you could potentially visit your second home instead of another rental unit or hotel. If that sounds appealing to you, a local real estate agent is your best resource. They have the knowledge and resources to help you understand the area and what vacation homes are available in your budget. Plus, these agents can explain the perks of how owning a second home can benefit you.
There are very different considerations when purchasing a second home, especially one you intend on working from as well. Ideally, you should work with an agent that owns one. As a second homeowner for 17 years, I know what to look for. If it isn’t in my market don’t fret, I have taken years cultivating my real estate agent sphere. I know and refer to realtors around the world.
Bottom Line
If any of these reasons for owning a vacation home resonate with you, let’s connect. You still have time to enjoy spending the summer in your vacation home.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#vacationhomesflorida #miamivacationhomes #1031exchange
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #vacationhome #vacation #summer add #vacationhomemiami #vacationhomeflorida
Published by Maji Pace Ramos on May 29, 2023
Published by Maji Pace Ramos on May 26, 2023
Something to consider on Memorial Day Weekend before setting off fireworks. 🧐
Fireworks are beautiful 🎇 but for our Veterans sufferings from PTSD it’s can be a terrifying trigger. Imagine being in a war zone and the struggle of
coming back to civilian life and compound that with our love of fireworks as a form of celebration. It is difficult for the brain to differentiate between the sound of gunfire and fireworks especially w PTSD.
I was a USAA certified agent and worked with military families for years and have always thought that fireworks on Memorial Day was so very odd.
Memorial Day is a holiday that honors our Veterans and those that have given the ultimate sacrifice. Lets not make this day more difficult for the very people we are honoring.
#fireworksandptsd #fireworksandveterans #fireworks #memorialday2023 #googlemaji #majiramosrealestateadvisorpa #majigreeninitiative #fireworksdisplay #USAA #veterans
Published by Maji Pace Ramos on May 25, 2023
If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house.
Here’s what industry experts are saying about why selling now has its benefits:
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):
“Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.”
Selma Hepp, Chief Economist at CoreLogic:
“We have not seen the traditional uptick in new listings from existing homeowners, so undersupply of housing will continue to heighten market competition and put pressure on prices in most regions. Some markets are already heating up considerably, but price premiums that we saw last spring and summer are unlikely.”
Clare Trapasso, Executive News Editor at Realtor.com:
“Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country . . .”
Jeff Tucker, Senior Economist at Zillow:“
If you’re thinking about selling your house, let’s connect so you have the expert insights you need to make the best possible move today.
305-519-7940 | maji@majisold.com
Coldwell Banker Realty• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisoldFor the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
Highlights of the Morningside Home Tour Volunteer Brunch
#morningsidehometour
#historichomesofmorningside
#morningsidehometour2023 #morningside #googlemaji #morningsidepark #historichomesmiami #majismarketminute #Cushman #majigreeninitiative
Published by Maji Pace Ramos on May 24, 2023
You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession, you may be wondering if it still makes sense to buy a home today. The short answer is – it does. Here’s why.
Homeownership actually shields you from the rising costs inflation brings.
Freddie Mac explains how:
“Not only will buying today help you begin to build equity, a fixed-rate mortgage can stabilize your monthly housing costs for the long-term even while other life expenses continue to rise – as has been the case the past few years.”
Unlike rents, which tend to rise with time, a fixed-rate mortgage payment is predictable over the life of the mortgage (typically 15 to 30 years). And, when the cost of most everything else is rising, keeping your housing payment stable is especially important.The alternative to homeownership is renting – and rents tend to move alongside inflation. That means as inflation goes up, your monthly rent payments tend to go up, too (see graph below):
A stable housing payment is especially important in times of high inflation. Let’s connect so you can learn more and start your journey to homeownership today.Like “Majic” I’ll get it CLOSED!(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisoldFor the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://
~ YouTube channel: https://bit.ly/
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #tipsforbuyers #inflation #homeownership
The process of buying a home can feel a bit intimidating, even under normal circumstances. But today’s market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up as buyers compete over the available homes.
Navigating all of this can be daunting if you’re trying to do it alone. That’s why having a skilled expert to guide you through the homebuying process is essential, especially today. Bankrate shares this perspective:
“Advice and guidance from a professional real estate agent can be invaluable, particularly amid a hot or unpredictable housing market.”
Experience – Real estate professionals know the ins and outs of what’s happening today, how it impacts buyers, and how to navigate any hurdles that may pop up.
Negotiations – Your real estate advisor advocates for your best interests. Having an expert on your side provides assistance with the purchase agreement. An agent can also help you negotiate potential seller concessions if the inspection reveals issues with the home.
Pricing – Making an offer and negotiating with a seller can be one of the most difficult and stressful parts of the homebuying process. A skilled agent will help you understand what similar homes are selling for so you have the full picture of what you may want to offer.
All of these reasons combined may be why 86% of recent buyers used an agent according to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR). NAR also has this to say about why an agent is so essential today:“A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget. Agents are also a great source when you have questions about local amenities, utilities, zoning rules, contractors, and more.”
What’s the Key To Choosing the Right Expert?
It starts with trust. You’ll want to know you can trust the advice they’re giving you, so you need to make sure you’re connected with a true professional. No one can provide perfect advice because it’s impossible to know exactly what’s going to happen at every turn – especially in today’s market. But a true professional can give you the best possible advice based on the information and situation at hand.
They’ll help advocate for you throughout the process and coach you on the essential knowledge you need to make confident decisions. That’s exactly what you want and deserve.
Bottom Line
It’s critical to have an expert on your side who is skilled in navigating today’s housing market. If you’re planning to buy a home this year, let’s connect so you have a real estate advisor on your side to give you the best advice and guide you along the way.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
Published by Maji Pace Ramos on May 19, 2023
If you’re thinking about buying a home, you want to know the decision will be a good one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment.
This year, we aren’t seeing home prices fall dramatically. As the year goes on, however, some markets may go up in value while others may lose value. That’s why it’s helpful to keep the long-term view in mind. Experts project a return to a steadier rate of price appreciation in the years that follow.
Home Price Appreciation in the Years Ahead
Over 100 economists, investment strategists, and housing market analysts were polled by Pulsenomics in their latest quarterly Home Price Expectation Survey (HPES). The report indicates what they believe will happen with home prices over the next five years. As the graph below shows, after mild depreciation this year, these experts forecast home prices will return to more normal levels of appreciation through 2027.
The big takeaway is experts aren’t forecasting a drastic fall in home prices nationally, even though some markets will see home price appreciation while others may depreciate. And when they look further out, they see steady price appreciation in the long run. That’s a great example of why homeownership wins over time.
What Does This Mean for You?
Once you buy a home, price appreciation raises your home’s value, and that grows your household wealth. Here’s how a typical home’s value could change over the next few years using the expert price appreciation projections from the survey mentioned above (see graph below):
In this example, if you bought a $400,000 home at the beginning of this year and factor in the forecast from the HPES, you could accumulate over $54,000 in household wealth over the next five years. So, if you’re wondering if buying a home is a sound decision, keep in mind what a strong wealth-building tool it is long term.
Bottom Line
According to the experts, while we may see slight depreciation this year, home prices are expected to grow over the next five years. If you’re ready to become a homeowner, know that buying today can set you up for long-term success as home values (and your own net worth) are projected to grow. Let’s connect to begin the homebuying process today.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
Use these tips to make your best offer in today’s sellers’ market. Let’s connect so I can help you buy that home you’ve been wanting.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #todaysmarket #buyerstips #homebuying #homebuyingmiami
I’ve often seen the birds flying back and forth and dusk and dawn. It is such a beautiful sight. 
🐦⬛
🪽We need to be extra careful right now and preserve this very special island which makes our neighbourhood so magical.
Published by Maji Pace Ramos on May 17, 2023
If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.
Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:
“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.”
If you’ve been waiting for the best time to sell, this is your chance. But remember, before you put your house on the market, you’ve got to get it ready. And if you haven’t started that process yet, you’ll need to move quickly. Here’s what you should keep in mind.Work with an Agent To Determine Which Updates To Make
Start by prioritizing which updates you’ll make. In February, realtor.com asked more than 1,200 recent or potential home sellers what updates they ended up making to their house before listing it (see graph below):
As you can see, the most common answers included landscaping and painting. Work with a trusted real estate agent to determine what projects make the most sense for your goals and local market.If Possible, Plan To Have Your House Staged
Once you’ve made any necessary repairs and updates to your house, consider having it staged. According to the National Association of Realtors (NAR), 82% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. Additionally, almost half of buyers’ agents said home staging had an effect on most buyers’ view of the home in general. Homes that are staged typically sell faster and for a higher price because they help potential buyers more easily picture their new life in the house.Bottom Line
Are you ready to sell this spring? Let’s connect to plan your next steps. You can start by making a checklist of what you think your house needs to get ready. Then, we can work together to prioritize your list and move forward together.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
Published by Maji Pace Ramos on May 16, 2023
Published by Maji Pace Ramos on May 16, 2023
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know.
Inflation and the Housing Market
While the Fed’s working hard to lower inflation, the latest data shows that, while the number has improved some, the inflation rate is still higher than the target (2%). That played a role in the Fed’s decision to raise the Federal Funds Rate last week. As Bankrate explains:
“Keeping its inflation-fighting streak alive, the Federal Reserve has raised interest rates for the 10th time in 10 meetings . . . The hikes aimed to cool an economy that was on fire after rebounding from the coronavirus recession of 2020.”
While the Fed’s actions don’t directly dictate what happens with mortgage rates, their decisions do have an impact and contributed to the intentional cooldown in the housing market last year.
How This Impacts You
During times of high inflation, your everyday expenses go up. That means you’ve likely felt the pinch at the gas pump and in the grocery store. By raising the Federal Funds Rate, the Fed is actively trying to lower inflation. If the Fed is successful, it could also ultimately lead to lower mortgage rates and better homebuying affordability for you. That’s because when inflation is high, mortgage rates tend to be high. But, as inflation cools, experts say mortgage rates will likely fall.
Where Experts Think Mortgage Rates and Inflation Will Go from Here
Moving forward, both inflation and mortgage rates will continue to impact the housing market. And as Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
“Mortgage rates are likely to descend lower later in the year as the consumer price inflation calms down . . .”
Mike Fratantoni, Chief Economist at the Mortgage Bankers Association (MBA), explains:“We continue to expect that mortgage rates will drift down over the course of the year as the economy slows . . .”
Don’t let headlines about the latest decision from the Fed confuse you. Where mortgage rates go from here depends on what happens with inflation. If inflation cools, mortgage rates should tick down as a result. Let’s connect so you have expert insights on housing market changes and what they mean for you.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #mortgagerates
Published by Maji Pace Ramos on May 15, 2023
FLASH SALE: USE mom code
Published by Maji Pace Ramos on May 15, 2023
Mother’s Day celebration.
Published by Maji Pace Ramos on May 15, 2023
Mother’s Day can be a painful time, especially for people living with loss. Author Rebecca Soffer shares ideas for how to care for yourself or loved ones on a tough day.
Over 25 neighbors so far maybe more.
Most in favor. I expressed my concern with drainage of the seawall so it does not become a retention pool and potentially flood out our neighborhood.
The seawall addresses sea rise but not flooding from rain which is much more common.
What do you think?? How do you feel about the flooding in the park and this project?
I am proud of our neighbors that are here. 😊
#morningsidemiami_life #morningsidepark #morningsideparkshorelineproject #climatechange #searise #climatechangesolutions #majigreen #majigreensustainablesolutions #googlemaji #majiramosrealestateadvisor
#morningsidehometour2023 #morningsidemiami #Zoi #miamihistorichomes #historichomesofmorningside #morningsidemiami_life
Published by Maji Pace Ramos on May 10, 2023
Morningside is a Bayfront historic community. We are actually the first historically designated community in Miami and we are having our historic home tour this month on the 21st in conjunction with our 100-year anniversary party.
This will be a very special event and will attract many people. We have not had a tour since 2019!
In addition to the historic home and garden tour, we are going to have a vendor showcase, food trucks, and a VIP experience. This is all new this year.
There are some sponsorship opportunities starting at $500. Anything from print ads to vendor tables.
THE DEADLINE IS FRIDAY!!
Please contact me. For more information.
Thank you.
Celebrating 100 Years: Morningside Historic Home Tour
https://docs.google.com/
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Morningside resident since 2002
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#morningsidemiami #historichomesmiami #bayfrontneighborhoods
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #morningside #historiccommunity #bayfront #100yearanniversary
Published by Maji Pace Ramos on May 9, 2023
My grandfather had ac in Cuba in the 1950’s but then again he was brilliant. He designed and built it for his home. Well at least the primary bdrm and his office. 
(via FB/Ron Richter/FLASHBACK South Florida – Memories and Memorabilia)
Published by Maji Pace Ramos on May 9, 2023
So this is what’s being built at the old Planetarium. Looking forward to seeing what Viscaya does with it.
(via FB/Larry Shane/FLASHBACK South Florida – Memories and Memorabilia)
Published by Maji Pace Ramos on May 9, 2023
Who remembers the Pink Floyd Laser Light shows? They were so awesome! These pics bring me back. Good times. 
Sad that it’s now gone.
(via FB/Larry Shane/FLASHBACK South Florida – Memories and Memorabilia)
Published by Maji Pace Ramos on May 9, 2023
Why Today’s Housing Market Is Not About To Crash
There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up.
But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why.
It’s Harder To Get a Loan Now
It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then, banks had different lending standards, making it easy for just about anyone to qualify for a home loan or refinance an existing one. As a result, lending institutions took on much greater risk in both the person and the mortgage products offered. That led to mass defaults, foreclosures, and falling prices.
Things are different today as purchasers face increasingly higher standards from mortgage companies. The graph below uses data from the Mortgage Bankers Association (MBA) to show this difference. The lower the number, the harder it is to get a mortgage. The higher the number, the easier it is.
Unemployment Recovered Faster This Time
While the pandemic caused unemployment to spike over the last couple of years, the jobless rate has already recovered back to pre-pandemic levels (see the blue line in the graph below). Things were different during the Great Recession as a large number of people stayed unemployed for a much longer period of time (see the red in the graph below):
Here’s how the quick job recovery this time helps the housing market. Because so many people are employed today, there’s less risk of homeowners facing hardship and defaulting on their loans. This helps put today’s housing market on stronger footing and reduces the risk of more foreclosures coming onto the market.
There Are Far Fewer Homes for Sale Today
There were also too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to fall dramatically. Today, there’s a shortage of inventory available overall, primarily due to years of underbuilding homes.
The graph below uses data from the National Association of Realtors (NAR) and the Federal Reserve to show how the months’ supply of homes available now compares to the crash. Today, unsold inventory sits at just a 2.6-months’ supply. There just isn’t enough inventory on the market for home prices to come crashing down like they did in 2008.
Equity Levels Are Near Record Highs
That low inventory of homes for sale helped keep upward pressure on home prices over the course of the pandemic. As a result, homeowners today have near-record amounts of equity (see graph below):
And, that equity puts them in a much stronger position compared to the Great Recession. Molly Boesel, Principal Economist at CoreLogic, explains:
“Most homeowners are well positioned to weather a shallow recession. More than a decade of home price increases has given homeowners record amounts of equity, which protects them from foreclosure should they fall behind on their mortgage payments.”
Bottom Line
The graphs above should ease any fears you may have that today’s housing market is headed for a crash. The most current data clearly shows that today’s market is nothing like it was last time
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
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Published by Maji Pace Ramos on May 8, 2023
Published by Maji Pace Ramos on May 8, 2023
Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988.
And, data from the latest rental report from Realtor.com shows rents continue to grow today, even though it’s at a slower pace than we saw at the height of the pandemic:
“In March 2023, the U.S. rental market experienced single-digit growth for the eighth month in a row . . . The median asking rent was $1,732, up by $15 from last month and down by $32 from the peak but is still $354 (25.7%) higher than the same time in 2019 (pre-pandemic).”
The graph below uses national data on the median rental payment from Realtor.com and median mortgage payment from the National Association of Realtors (NAR) to compare the two options. As the graph shows, depending on how much space you need, it’s typically more affordable to own than to rent if you need two or more bedrooms:So, if you’re looking to live somewhere where you have two or more bedrooms to accommodate your household, give you more breathing room to spread out your belongings, or dedicate the extra space to practice your hobbies, it might make sense to consider homeownership.Homeownership Allows You To Start Building Equity
In addition to shielding you from rising rents and being more affordable when you need more space, owning your home also allows you to start building your own equity, which in turn grows your net worth.And, as home values typically rise over time and you pay off your mortgage, you build equity. That equity can set you up for success later on because you can use it to help fuel a move to an even bigger space down the line. That’s why, according to Zonda, the top reason millennial homeowners bought their home over the past year was to build their own equity instead of someone else’s.Bottom Line
If you’re trying to decide whether to buy a home or continue renting, let’s connect to explore your options. With rents rising, it may make more sense to pursue your dream of homeownership.
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
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#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
Published by Maji Pace Ramos on May 5, 2023
Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains:
“Downsizing is somewhat common among older people and retirees who no longer have children living at home. But these days, younger people are also looking to downsize to save money on housing . . .”
And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration.When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. Realtor.com shares:
“A smaller home typically means lower bills and less upkeep. Then there’s the potential windfall that comes from selling your larger home and buying something smaller.”
That windfall is thanks to your home equity. If you’ve been in your house for a while, odds are you’ve developed a considerable amount of equity. Your home equity is an asset you can use to help you buy a home that better suits your needs today.And when you’re ready to make a move, your team of real estate experts will be your guides through every step of the process. That includes setting the right price for your house when you sell, finding the best location and size for your next home, and understanding what you can afford at today’s mortgage rate.
What This Means for You
If you’re thinking about downsizing, ask yourself these questions:
- Do the original reasons I bought my current house still stand, or have my needs changed since then?
- Do I really need and want the space I have right now, or could somewhere smaller be a better fit?
- What are my housing expenses right now, and how much do I want to try to save by downsizing?
Once you know the answers to these questions, meet with a real estate advisor to get an answer to this one: What are my options in the market right now? A local housing market professional can walk you through how much equity you have in your house and how it positions you to win when you downsize.
Bottom Line
If you’re looking to save money, downsizing your home could be a great help toward your goal. Let’s connect to talk about your goals in the housing market this year.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
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#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
Never thought I would say that, but we just came back from hiking in New Mexico and Arizona, and Colorado. High elevation, desert and trust me… humidity is a good thing.
Okay, so what’s going on in our market? Every time I travel, it’s like everything explodes. I had a new listing that went online right before I left town that went under contract while I was out of town. I was negotiating that and the inspections. I had another property that wasn’t even on the market that we’re negotiating a contract on right now and a buyer that presented an offer on a short sale. All of this happened while I was out of town so I was negotiating remotely and my team was handling anything that required a physical presence.
So what am I seeing? I’m seeing properties that are still going above list price with no contingencies, all cash, and no inspection contingencies.
It’s still a pretty crazy market.
Of course, the values have gone down a little bit, not every property is seeing that type of activity. And it also depends on the market and the area.
If you are interested in buying or selling, contact me.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest news on the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #housingmarket #contingencies
@BNI US National Conference. #2023bniusnc #bnibiscayneconnection #majismarketminute
and a sprint 
thru Dallas to catch our connecting flight. Loved New Mexico, Az and Co but it is so dry, New Mexico has crazy weather and it’s high elevation not to mention 2 diff time zones. Takes more than a minute to get used to. (We hiked almost every day.)
Petrified Forest, AZ was so cool! Crazy to think we were walking in these ancient forests where dinosaurs roamed.
#petrifiedforest #googlemaji #majigreensustainablesolutions
Published by Maji Pace Ramos on May 1, 2023
(via FB/Pat Klock Parker)
Published by Maji Pace Ramos on May 1, 2023
Published by Maji Pace Ramos on April 29, 2023
We stopped at a gas station and the front door was locked due to high wind! 
Published by Maji Pace Ramos on April 29, 2023
Published by Maji Pace Ramos on April 29, 2023
Published by Maji Pace Ramos on April 29, 2023
Published by Maji Pace Ramos on April 28, 2023
Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home to help combat rising costs. DM me to learn about the options in our local market that could be what you’re looking for.
For more green tips please follow:
www.facebook.com/MajiGreenSustainableSolutions
Maji Ramos,
Maji Green-Sustainable Solutions
#itseasybeinggreen
#majigreensustainblesolutions #majigreen #googlemaji #majiramosrealestateadvisorpa #majiramosenvironmentalistrealtor #sustainablerealtor #majismarketminute #miamihometrends
#energyefficiency #greenhome #firsttimehomebuyer #opportunity #housingmarket #househunting #makememove #homegoals #houseshopping #housegoals #investmentproperty #downsizing #locationlocationlocation #keepingcurrentmatters
Published by Maji Pace Ramos on April 27, 2023
You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today.
According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you think twice about buying a home for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.
Let’s look at the latest information with context so we can see how this compares to previous years.
It Isn’t the Dramatic Increase Headlines Would Have You Believe
In recent years, the number of foreclosures has been down to record lows. That’s because, in 2020 and 2021, the forbearance program and other relief options for homeowners helped millions of homeowners stay in their homes, allowing them to get back on their feet during a very challenging period. And with home values rising at the same time, many homeowners who may have found themselves facing foreclosure under other circumstances were able to leverage their equity and sell their houses rather than face foreclosure. Moving forward, equity will continue to be a factor that can help keep people from going into foreclosure.
As the government’s moratorium came to an end, there was an expected rise in foreclosures. But just because foreclosures are up doesn’t mean the housing market is in trouble. As Clare Trapasso, Executive News Editor at Realtor.com, says:
“There’s no reason to panic, at least not yet. Foreclosure filings began ticking up . . . after the federal foreclosure moratorium ended. The moratorium was enacted in the early days of COVID-19, when millions of Americans lost their jobs, to prevent a tsunami of homeowners losing their properties. So some of these proceedings would have taken place during the pandemic but got delayed due to the moratorium. This is a bit of a catch-up.”
Basically, there’s not a sudden flood of foreclosures coming. Instead, some of the increase is due to the delayed activity explained above while more is from economic conditions. As Rob Barber, CEO of ATTOM, explains:
“This unfortunate trend can be attributed to a variety of factors, such as rising unemployment rates, foreclosure filings making their way through the pipeline after two years of government intervention, and other ongoing economic challenges. However, with many homeowners still having significant home equity, that may help in keeping increased levels of foreclosure activity at bay.”
To further paint the picture of just how different the situation is now compared to the housing crash, take a look at the graph below. It shows foreclosure activity has been lower since the crash by looking at properties with a foreclosure filing going all the way back to 2005.
While foreclosures are climbing, it’s clear foreclosure activity now is nothing like it was during the housing crisis. In addition to all of the factors mentioned above, that’s also largely because buyers today are more qualified and less likely to default on their loans.
Today, foreclosures are far below the record-high number that was reported when the housing market crashed.
Bottom Line
Right now, putting the data into context is more important than ever. While the housing market is experiencing an expected rise in foreclosures, it’s nowhere near the crisis levels seen when the housing bubble burst and that won’t lead to a crash in home prices.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#brickellcondosforsale #pendingsale #axisbrickell #brickell #miamicondosforsale #miami_home_trends #miamihometrends #majismarketminute
#majisold #majipaceramos #miamirealtor
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Published by Maji Pace Ramos on April 27, 2023
PENDING!
1111 SW 1st Ave #1017-N Miami, FL 33130
Brickell 2 + Den / 2 bath condo in Axis North Tower!
Offered at $600,000.00
3D Virtual Tour
https://www.coldwellbankerhomes.com/fl/miami/1111-1st-ave-sw-1017-n/pid_53149963/
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For breaking news on all things Miami Residential Real Estate please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute
#brickellcondosforsale #pendingsale #axisbrickell #brickell #miamicondosforsale #miami_home_trends #miamihometrends #majismarketminute
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Published by Maji Pace Ramos on April 26, 2023
There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.
Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest.
1. Mortgage Rates
While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now (see graph below):
As the graph shows, mortgage rates have experienced some volatility during that time. And even a small change in mortgage rates impacts your purchasing power. That’s why it’s so important to lean on your team of real estate professionals for expert advice to stay up to date on what’s happening in the market. While it’s hard to project where mortgage rates will go from here, many experts agree they’ll likely continue to remain around 6%-7% in the immediate future.
2. Home Prices
Over the past few years, home prices appreciated rapidly as the record-low mortgage rates we saw during the pandemic led to a surge in buyer demand. The heightened buyer demand happened while the supply of homes for sale was at record lows, and that imbalance put upward pressure on home prices. However, today’s higher mortgage rates have slowed down price appreciation.
And, the truth is, home price appreciation varies by market. Some areas are seeing slight declines while others have prices that are climbing. As Selma Hepp, Chief Economist at CoreLogic, explains:
“The divergence in home price changes across the U.S. reflects a tale of two housing markets. Declines in the West are due to the tech industry slowdown and a severe lack of affordability after decades of undersupply. The consistent gains in the Southeast and South reflect strong job markets, in-migration patterns, and relative affordability due to new home construction.”
To find out what’s happening with prices in your local market, reach out to a trusted real estate agent.
3. Wages
The most positive factor in affordability right now is rising income. The graph below uses data from the Bureau of Labor Statistics (BLS) to show how wages have grown over time:
Higher wages improve affordability because they reduce the percentage of your income it takes to pay your mortgage since you don’t have to put as much of your paycheck toward your monthly housing cost.
Home affordability comes down to a combination of rates, prices, and wages. If you have questions or want to learn more, reach out to a real estate professional who can explain what’s happening locally and how these factors work together.
Bottom Line
If you’re planning to buy a home, knowing the key factors that impact affordability is important so you can make an informed decision. To stay up to date on the latest on each, let’s connect today.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
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#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #homeaffordability
Published by Maji Pace Ramos on April 25, 2023
Painted Desert, AZ.
Published by Maji Pace Ramos on April 25, 2023
Painted Desert, AZ. Cool skies.
Published by Maji Pace Ramos on April 25, 2023
Monument Valley selfie fun.
Published by Maji Pace Ramos on April 25, 2023
me and my shadow. @monumentvalleyarizona
Published by Maji Pace Ramos on April 25, 2023
Monument Valley, AZ at 7 am. The morning light with shades of gold and copper. We had the valley to ourselves! It opens to the public at 8. This is sacred ground, you can feel it.
Published by Maji Pace Ramos on April 25, 2023
The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now.
Here’s what industry experts are saying right now about the spring housing market and what it means for you:
Selma Hepp, Chief Economist, CoreLogic:
“We see more competition among buyers . . . Housing supply also tends to grow during the spring months. And this is also the time of year when relatively more migration happens, as people graduate and move elsewhere looking for jobs.”
Greg McBride, Chief Financial Analyst, Bankrate:
“I don’t expect big moves in prices in the span of a month, but like the flower buds of spring, the housing market is showing signs of improvement. A pick up in activity with inventory still low does bode well for home prices.”
Rick Sharga, Founder and CEO, CJ Patrick Company:
“If you can find a home you love and can afford at today’s prices, don’t wait. Home prices in most of the country are unlikely to crash, and mortgage rates will only come down very gradually if they decline at all this year.”
Jeff Tucker, Senior Economist, Zillow:
“The market is still much friendlier this spring for buyers who can overcome affordability hurdles, but buyers are going to see more competition than they might expect because there are not many homes on the market to go around. New listings are increasing, which they almost always do this time of year, but not nearly as quickly as usual.”
Bottom Line
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
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#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #springhousingmarket
Published by Maji Pace Ramos on April 24, 2023
Morning has broken in Monument Valley, Az.
Mitchell Mesa.
Published by Maji Pace Ramos on April 24, 2023
The Power of Pre-Approval
If you’re buying a home this spring, today’s housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination to find the right house and act quickly when you go to put in an offer. One thing you can do to help you prepare is to get pre-approved.
To understand why it’s such an important step, you need to know what pre-approval is. As part of the process, a lender looks at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you understand how much money you can borrow.
Freddie Mac explains it like this:
“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”
Basically, pre-approval gives you critical information about the home-buying process that’ll help you understand how much you may be able to borrow so you have a stronger grasp of your options. And with higher mortgage rates impacting affordability for many buyers today, a solid understanding of your numbers is even more important.
Pre-Approval Helps Show You’re a Serious Buyer
That’s not the only thing pre-approval can do. Another added benefit is it can help a seller feel more confident in your offer because it shows you’re serious about buying their house. And, with sellers seeing a slight increase in the number of offers again this spring, making a strong offer when you find the perfect house is key.
As a recent article from the Wall Street Journal (WSJ) says:
“If you plan to use a mortgage for your home purchase, preapproval should be among the first steps in your search process. Not only can getting preapproved help you zero in on the right price range, but it can give you a leg up on other buyers, too.”
Bottom Line
Getting pre-approved is an important first step when you’re buying a home. It lets you know what you can borrow for your loan and shows sellers you’re serious. Connect with a local real estate professional and a trusted lender so you have the tools you need to purchase a home in today’s market.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #preapproval
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
#majigreensustainblesolutions #majigreen #cnet #googlemaji #majiramosrealestateadvisorpa #
Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.
According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current house for ten years. If you’ve been in your home for a while, think about how much in your life has changed since you moved in. Even if you thought it would be your forever home when you bought it, it doesn’t have to be. Work with a local real estate agent to explore all your options in today’s market before settling for your current home.
That’s actually what a lot of homeowners are doing right now. A recent survey from Realtor.com finds that, of people who are considering selling in 2023, one in three are thinking about moving because their home no longer meets their needs. And according to the same report from NAR, that’s consistent with this year’s top reasons for selling, which include:
Want to move closer to friends or family
Moving due to retirement
Home is too small or too large
Change in family situation
Job relocation
If things in your life have changed, it may be time to make a move. And there’s good news: it’s still a great time to sell. Here’s why.
We’re in a strong sellers’ market. That means homes listed at market value and in good condition are getting attention from buyers and selling quickly. Lean on your expert real estate advisor for the best advice on getting your house ready to sell.
Your equity can power your next move. There’s a good chance you have a significant amount of equity right now thanks to record levels of price appreciation in recent years. When you sell, you can use that equity to help afford your next home. In fact, NAR’s report from above shows 38% of recent buyers used the money from the sale of their previous home to cover the down payment on their next one. Work with a local real estate agent to learn how much equity you have and what you can do with it in today’s housing market.
Bottom Line
If your home no longer meets your needs, consider selling it so you can find your dream home. Let’s connect so you can learn about your options.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://
~ YouTube channel: https://bit.ly/
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #timetomove
Published by Maji Pace Ramos on April 20, 2023
🌳🌳🌳🌳🌳🌳🌳🌳
#NAR #earthday2023 #majigreensustainablesolutions #Realtor #googlemaji #majiramosrealestateadvisorpa #majiramosrealtor #majismarketminute #miamihometrends
#majiramosenvironmentalistrealtor
https://www.facebook.com/100067045220819/posts/546450164266486/?mibextid=SDPelY
Published by Maji Pace Ramos on April 19, 2023
Published by Maji Pace Ramos on April 19, 2023
Brickell Key is forever a mood 🌴
(via IG/remotepilotmike)
@visitmiami #brickellkey #miami_home_trends #majismarketminute
https://www.facebook.com/photo/?fbid=539465801680549&set=a.532780045682458
Published by Maji Pace Ramos on April 18, 2023
5 Reasons Millennials Are Buying Homes
In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to become a homeowner. Here’s why other millennials have made that decision (see graph below):
This graph shows why millennials are buying homes according to Zonda’s 6th annual millennial survey. The top reasons include building equity, a change in life stage, wanting stability, rising home values, and wanting to make somewhere truly their own. Here’s a look at each in more detail.
Building equity – Homeownership is a long-term investment that allows you to build wealth, increase your net worth, and become more financially stable. Beyond that, the alternative to owning a home is typically renting. With the way rents have risen so dramatically over time, it may make sense to build your own equity instead of the equity of the person you’re renting from.
A change in life stage – As a millennial, you’re reaching your prime homebuying years. That means you may be at the point where you need more space or a different location.
Stability or settling down – This could mean establishing your career or just generally deciding more concretely what you want your life to look and feel like. As that idea becomes clearer, you may want to establish that lifestyle in a particular place and put down roots.
Rising home values – By purchasing a home, you own an asset that traditionally increases in value over time. That can mean your home will have a higher resale value if you decide to move again.
Wanting to make somewhere “mine” – Owning a home gives a sense of freedom because you can customize it however you want, make updates as you see fit, and be yourself in a place that’s solely your own.
Bottom Line
There are plenty of great reasons why millennials are buying homes today. If you’ve thought about becoming a homeowner and any of these reasons resonate with you too, let’s connect to explore your options.
Like “Majic” I’ll get it CLOSED! 
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji
Think Twice Before Waiting for Lower Home Prices
As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.
A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, reports:
“U.S. home prices rose by 0.8% in February . . . indicating that prices in most markets have already bottomed out.”
And the latest data from Black Knight shows the same shift. The graph below compares home price trends in November to those in February:
So, should you keep waiting to buy a home until prices come down? If you factor in what the experts are saying, you probably shouldn’t. The data shows prices are increasing in much of the country, not decreasing. And the latest data from the Home Price Expectation Survey indicates that experts project home prices will rise steadily and return to more normal levels of appreciation after 2023. The best way to understand what home values are doing in your area is to work with a local real estate professional who can give you the latest insights and expert advice.
Bottom Line
If you’re waiting to buy a home until prices come down, you may want to reconsider. Let’s connect to make sure you understand what’s happening in our local housing market.
Like “Majic” I’ll get it CLOSED!
(Maji) Maria Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com http://bit.ly/majismarketminute-blog
~ YouTube channel: https://bit.ly/MajisMarketMinute
#majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
#majisold #majipaceramos #miamirealtor #miamirealestate #miamirealestategent
#majiramos #Miamirealetstatemarket #homesellinginmiami #miamilistingagent #miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue #miamihometrends #movingtomiami #miamineighborhoods
#googlemaji #lowerhomeprices #thinktwice
#majiramosrealestateadvisorpa
Published by Maji Pace Ramos on April 14, 2023
To explain what a sellers’ market is and why it presents great opportunities for homeowners ready to make a move.
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com
~ YouTube channel: https://bit.ly/MajisMarketMinute
Maji Ramos Real Estate Advisor P.A
305-519-7940 | maji@majisold.com
Coldwell Banker Realty.
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog
#miami_home_trends #miamihometrends #majismarketminute
#majisold #majipaceramos #miamirealtor
#miamirealestate #majiramos
#miamirealestategent
#homesellinginmiami #miamilistingagent
#majiramosrealestateadvisor
#Miamirealetstatemarket
#miamihomesforsale #miamicondosforsale #priceyourhouseright
#homevaluation #zillow #zestimate #homecalculator #whatsmyhomeworth #hasmyhomegonedowninvalue
~ YouTube channel: https://bit.ly/
305-519-7940 | maji@majisold.com
#majisold #majipaceramos #miamirealtor
#miamirealestate #majiramos
#miamirealestategent
#homesellinginmiami #miamilistingagent
#majiramosrealestateadvisor
#Miamirealetstatemarket
#miamihomesforsale #miamicondosforsale #priceyourhouseright
Offered at $600,000.00
Exclusively Listed by:
Maji Ramos Real Estate Advisor, P.A.
305-519-7940 | maji@majisold.com
Coldwell Banker Realty
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
For breaking news about the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com
~ YouTube channel: http://bit.ly/majismarketminute-blog
#brickellcondosforsale #justlistedmiami #newlylisted #axisbrickell #brickell #miamicondosforsale #miami_home_trends #miamihometrends #majismarketminute
#majisold #majipaceramos #miamirealtor
#miamirealestate #majiramos
#miamirealestategent
#homesellinginmiami #miamilistingagent
#majiramosrealestateadvisor
#Miamirealetstatemarket
#miamihomesforsale #miamicondosforsale
#homebuyers #homesellers #homevaluation #whatsmyhomeworth #zillow
#googlemaji #majismiami
Pro Tip: This is the best time to see a home or a street. Obviously with a lot of caution. I actually just had this conversation with a client.
For breaking news about the Miami Real Estate Market please subscribe to my blog or YouTube channel:
~ Maji’s Market Minute Blog on MiamiHomeTrends.com
~ YouTube channel: http://bit.ly/majismarketminute-blog
Maji Ramos Real Estate Advisor P.A.
305-519-7940 | maji@majisold.com
MiamiHomeTrends.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
Coldwell Banker Realty
#noflood #torrentialrain #floodingmiami #protipsforbuyers #tipsforbuyers #whattoconsiderwhenbuyingahomeinmiami #homebuyingMiami
#miami_home_trends #miamihometrends #majismarketminute
#majisold #majipaceramos #miamirealtor
#miamirealestate #majiramos
#miamirealestategent
#homesellinginmiami #miamilistingagent
#majiramosrealestateadvisor
#Miamirealetstatemarket
#miamihomesforsale #miamicondosforsale
#homebuyers #homesellers #homevaluation #whatsmyhomeworth #zillow
#googlemaji #majismiami
I saw him when I was driving on S Miami Ave 2 days ago but couldn’t stop safely and I had to get to an appt. I was so concerned about this little guy! 
#andybellinson #miamishores #miamishoresvillagecouncil #voteforandy
The Current Housing Shortage Helps Keep Home Prices from Crashing
For the latest breaking news for the Miami Real Estate Market please subscribe to my blog or YouTube channel:
Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog
YouTube
https://bit.ly/MajisMarketMinute
Maji Ramos Real Estate Advisor P.A.
Founder of the Maji Sold Team and Maji Green Sustainable Solutions
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog
#miami_home_trends #miamihometrends #majismarketminute
#majisold #majipaceramos #miamirealtor
#miamirealestate #majiramos
#miamirealestategent
#homesellinginmiami #miamilistingagent
#majiramosrealestateadvisor
#Miamirealetstatemarket
#miamihomesforsale #miamicondosforsale #housingshortage
In today’s Maji’s Market Minute, we are going to discuss what is going on with housing pricing.
We all know that interest rates have gone up substantially and very quickly.
We are in major inflation.
Soooooo…
Why haven’t home prices come down? 
Well…that comes down to one simple fact:
Supply and Demand
We do not have enough inventory.
This is not just a localized issue, this is a nationwide issue and I don’t see this changing anytime soon.
If you are looking for a home and you happen to find something, I would jump on it.
Even if predictions are that rates may go down a little bit and maybe pricing will go down a little bit, what good is that if there’s no inventory?
If you are a seller that is thinking about selling and you need to buy, I would seriously get in that game right now.
If you are a buyer looking for a primary residence, I would start looking now because inventory is not going to change anytime soon.
Like “Majic”, I’ll get it closed.
For the latest on the Miami Real Estate market subscribe to my blog:
Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog
YouTube
https://bit.ly/MajisMarketMinute
Maji Ramos Real Estate Advisor P.A.
Founder of the Maji Sold Team and Maji Green Sustainable Solutions
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
#miamirealestatemarket #ismyhomevaluegoingdown #majiramosrealestateadvisorpa
Published by Maji Pace Ramos on April 6, 2023
Did anyone see the moonset yesterday around 6:30 am? It didn’t look real! 
Published by Maji Pace Ramos on April 6, 2023
https://www.facebook.com/photo/?fbid=597706609054453&set=a.334810102010773
Published by Maji Pace Ramos on April 5, 2023
Citizen 14% rate increase!
I saw this on the news last Wednesday. I find it very curious this is not more prevalent in our South Florida news. It is in Central and Northern Florida.
For up-to-date info on the Miami Real Estate Market please subscribe to my blog or Youtube channel.
Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/majismarketminute-blog
YouTube
https://bit.ly/MajisMarketMinute
Maji Ramos Real Estate Advisor P.A.
Founder of the Maji Sold Team and Maji Green Sustainable Solutions
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
• About me: https://linktr.ee/majisold
#homeownersinsurance #majigreensustainablesolutions #majiramosrealestateadvisorpa
#miami_home_trends #miamihometrends #majismarketminute
#majisold #majipaceramos #miamirealtor
#miamirealestate #majiramos
#miamirealestategent
#homesellinginmiami #miamilistingagent
#majiramosrealestateadvisor
#Miamirealetstatemarket
#miamihomesforsale #miamicondosforsale
#homebuyers #homesellers #homevaluation #whatsmyhomeworth #zillow
#googlemaji #majismiami #citizenrateincrease #citizens #condopolicy
Published by Maji Pace Ramos on April 4, 2023
https://www.facebook.com/val.silidker/posts/10158773421360683
Published by Maji Pace Ramos on April 4, 2023
One of my favorite architects of all time.
https://www.facebook.com/ajplusenglish/videos/710293309112179
Published by Maji Pace Ramos on April 4, 2023
https://www.facebook.com/photo/?fbid=593588969465220&set=a.374911951332924
Published by Maji Pace Ramos on April 4, 2023
Published by Maji Pace Ramos on April 3, 2023
https://www.facebook.com/stunningworldlover/posts/231171696088028
Published by Maji Pace Ramos on April 3, 2023
#S2AModular #sustainability #googlemaji #majigreen #majiramosrealestateadvisorpa #majigreensustainablesolutions
Published by Maji Pace Ramos on April 3, 2023
Published by Maji Pace Ramos on April 2, 2023
Respect! #rolemodels
https://www.facebook.com/photo/?fbid=605765164926665&set=a.369322198570964
Published by Maji Pace Ramos on April 2, 2023
So nobody got my April Fools joke?
https://www.facebook.com/photo/?fbid=597666059060876&set=a.552333140260835
Published by Maji Pace Ramos on April 1, 2023
Published by Maji Pace Ramos on March 29, 2023
ok this looks so cool!
Augmented reality art show featuring Salvadore Dali bringing his work to life! 
Dali is one of our favorite artists and.. well I just love cool tech.
The Salvadore Dali Experience Miami
2 bedrooms + den/2 baths
Offered at $599,000
Covered Parking
Exclusively Listed by the Maji Sold Team.
Maji (Maria) E Ramos Real Estate Advisor, P.A.
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Expert Negotiator
• Market Trends Expert
• Miami native
• Bilingual – English & Spanish
For the latest news on the Miami Real Estate market, please subscribe to my blog or YouTube channel.
#miami_home_trends #miamihometrends #majismarketminute
#majisold #majipaceramos #miamirealtor
#miamirealestate #majiramos
#miamirealestategent
#homesellinginmiami #miamilistingagent
#majiramosrealestateadvisor
#Miamirealetstatemarket
#miamihomesforsale #miamicondosforsale
#homebuyers #homesellers #homevaluation #whatsmyhomeworth #zillow
#Brickellcondosforsale #axiscondosforsale #axisbrickell #googlemaji #majismiami
I’m Maji Pace Ramos, and I’ve been a Miami realtor since 1993. 2nd Generation Realtor and a Miami Native. 
Real Estate is in my blood. I’ve been studying this market most of my life. I’m obsessed with it. I know it’s a little weird. Have been since I was in high school. 
If you want to keep your pulse on this crazy rollercoaster 
of a market, follow my blog.
Like “Majic” I’ll get it closed.
I had to go under the deck 😳 to get him. Anyone that know me knows I would never ever do this bc I’m a germ phobe but there was no choice. I bruised my chest and knee, this was not fun. I finally grabbed him and brought him in. He then got bathed twice bc ewwww.. and slept for 1.5 days.
Now when we open the door he takes off. Don’t think he’ll do that again. 😅
Oh yeah and my nephew slept through the entire ordeal!
I mean it was loud, lights were turned on by his window, there was cursing..a lot of cursing. 🤬Good think he’s a sound sleeper bc he’s a professional athlete and needed his rest.
Koko’s new name is F*%#ing Koko. 😾
#adventuresofgingerkokoandsaqui
That was my absolute favorite bar on Sobe in the early 2000s! Now the addresses are different but this so looks and feels like the old Purdy Lounge. 
Fine jewelry at very good pricing!
They also repair jewelry.
#gabrieledwardjewelers #bnibiscayneconnection #googlemaji #majiramosrealestateadvisorpa #majismarketminute #miami #jewelrystoremiami #miami_home_trends #majismiami
The Maji Sold Team participated in the sale. We brought the buyer.
There were over 15 offers! We went in over ask with a post occupancy for the seller. The contract was not contingent on financing and this was one of the most complicated transactions I have had in 29 years!
Many issues arose due to the very recent changes in the financing guidelines for older condos which affected this transaction even though it was a condo/townhouse. The property did not appraise either. We had issues with the property management company as well. It was a mess!
I was able to dispute the appraisal successfully. This is extremely difficult to do and I have only done this 3 times in my career!
We received a seller credit and we CLOSED!!
This is when experience and masterful negotiation skills matter most.
Like Majic I’ll get it closed!!
(Maji) Maria E Ramos Real Estate Advisor, P. A.
305-519-7940 | maji@majisold.com
Published by Maji Pace Ramos on March 16, 2023
Adventures in Little Havana with my mom and nephew Matthew Grant who’s home for spring break.
Ate at Lung Yai Thai Tapas. Cute small restaurant with good food. We got there at 12 and did not have to wait. By 12:30 it was packed and a line was forming. They don’t take reservations and if you go, be prepared to order all your food at one time.
The Chef is from Bangkok and it’s been featured in Conde Nast and in the Michelin Guide. Overall I thought it was very good with a creative menu. The curry was very tasty but the pad thai was the star.
I have to say that my fave is still Ricky Thai Bistro in North Miami. The owners are from Thailand and bring back spices when they go.
But it’s not in Little Havana which is an experience in and of itself plus where else can you get passionfruit sake?!
#littlehavana #littlehavanamiami #lungyaithaitapas #majismiami #googlemaji #rickythaibistro #MiamiNative #miamiseeitlikeanative #majiramosrealestateadvisorpa #miami_home_trends #majismarketminute
Florida insurance companies add new requirements to avoid insuring older homes
by Stassy Olmos | ABC Action News
Insurance agents say that companies are changing policy requirements to avoid the financial risk of older roofs
#miami_home_trends #majismarketminute #majisold #majipaceramos #miamirealtor #miamirealestate #majiramos #miamirealestategent #homesellinginmiami #miamilistingagent #majiramosrealestateadvisor #Miamirealetstatemarket #miamihomesforsale #miamicondosforsale #homebuyers #homesellers #realestatemarketpresentation #majiramosrealestateadvisorPA #isitagoodtimetobuy #isitagoodtimetosell #realestateadvisor #equity #hasmyhomelostvalue #homevalutation #zestimate #zillow #homecalculator #floridainsurancecompanies
Condos What questions to ask before buying or renting
This is today’s Maji’s Market Minute. Today we’re going to discuss condos and what to look for.
First and foremost, you have to ask if there is a structural inspection report or if there’s one coming. This is very important right now, in lieu of what happened with Champlain Towers in Surfside, and with all the recent changes with the insurance guidelines, lending guidelines, and building guidelines.
So this is very, very important, especially now.
How do you get this information?
Well, you need to talk to the property management company or the condo association via the condo board. You need to know what questions to ask to get the answers you need.
I know condos. I was a past President of a South FL Condo Board. So if you have any questions or you want some representation when you’re looking to buy a condo, contact me.
Like “Majic” I’ll get it closed.
#miami_home_trends #majismarketminute #majisold #majipaceramos #miamirealtor #miamirealestate #majiramos #miamirealestategent #homesellinginmiami #miamilistingagent #majiramosrealestateadvisor #Miamirealetstatemarket #miamihomesforsale #miamicondosforsale #homebuyers #homesellers #miamibeachcondosforsale #analyzation #headlines #inventories #listingsgent #absorptionrate #miamihometrends #didmyhousegodowninvalue #condos
This is Maji Pace Ramos with today’s edition of Maji’s Market Minute, on a very, very sunny day in Miami. 
Today we are going to discuss what’s going on with the headlines and the market.
Basically, we have to be really careful with the teaser headlines. They are effective for getting you to open the link but how accurate are they really?
Don’t chase the headlines, just follow the stats. That’s the moral of the story.
The headlines are saying that foreclosures have doubled but what they’re not saying is from what? What’s the reference here? We had historically low foreclosure rates, so doubling is actually still low. That’s the funny thing.
The real issue is inventory.
We are at a seven-year, all-time low of inventory in January, which is historically the strongest listing month of the year, that’s the problem.
If you are thinking about selling, this would be a great time to sell. Based on most of my resources, we should be looking at more homes for sale later this year. Then of course the market could shift.
Like “Majic” I’ll get it closed.
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
• About me: https://linktr.ee/majisold
For breaking news in the real estate market, subscribe to Maji’s Market Minute Blog on MiamiHomeTrends.com
http://bit.ly/
#miami_home_trends #majismarketminute #majisold #majipaceramos #miamirealtor #miamirealestate #majiramos #miamirealestategent #homesellinginmiami #miamilistingagent #majiramosrealestateadvisor #Miamirealetstatemarket #miamihomesforsale #miamicondosforsale #homebuyers #homesellers #miamibeachcondosforsale #analyzation #headlines #inventories #listingsgent #absorptionrate #miamihometrends #didmyhousegodowninvalue
Published by Maji Pace Ramos on March 3, 2023
Investors expect the Fed to raise interest rates soon, and this week’s increase in the 30-year, fixed-rate mortgage reflects that.
Last week it was 6.5%.
Like “Majic” I’ll get it closed.
#miami_home_trends #majismarketminute #majisold #majipaceramos #miamirealtor #miamirealestate #majiramos #miamirealestategent #homesellinginmiami #miamilistingagent #majiramosrealestateadvisor #Miamirealetstatemarket #miamihomesforsale #miamicondosforsale #homebuyers #homesellers #realestatemarketpresentation #majiramosrealestateadvisorPA #isitagoodtimetobuy #isitagoodtimetosell #realestateadvisor #equity #hasmyhomelostvalue #homevalutation #zestimate #zillow #homecalculator #datetherate #marrythehome #datetheratemarrythehome
Source:
Published by Maji Pace Ramos on February 27, 2023
FHA Loans Now Cost $117 Less Per Month
By Kerry Smith
FHA lowered its mortgage-insurance premium for borrowers by 30 basis points. The $117 monthly savings is based on a $467.7K home with 3.5% down.
Full article:
https://bit.ly/MMMBlogFHALoan117less
For breaking news in the real estate market subscribe to Maji’s Market Minute Blog:
http://bit.ly/majismarketminute-blog
Like “Majic” I’ll get it closed.
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
• About me: https://linktr.ee/majisold
#miami_home_trends #majismarketminute #majisold #majipaceramos #miamirealtor #miamirealestate #majiramos #miamirealestategent #homesellinginmiami #miamilistingagent #majiramosrealestateadvisor #Miamirealetstatemarket #miamihomesforsale #miamicondosforsale #homebuyers #homesellers #realestatemarketpresentation #4QMarketStats #majiramosrealestateadvisorPA #isitagoodtimetobuy #isitagoodtimetosell #realestateadvisor #equity #hasmyhomelostvalue #homevalutation #zestimate #zillow #homecalculator #fhaloans #FHA
Published by Maji Pace Ramos on February 18, 2023
Published by Maji Pace Ramos on February 15, 2023
Published by Maji Pace Ramos on February 14, 2023
Published by Maji Pace Ramos on February 13, 2023
This is an issue facing many older coastal buildings. I’ve mentioned this several times in my blog.
For breaking news in the real estate market subscribe to Maji’s Market Minute Blog:
http://bit.ly/majismarketminute-blog
Published by Maji Pace Ramos on February 9, 2023
I’m Maji Pace Ramos, and in today’s Maji’s Market Minute, we’re going to discuss
what I consider to be one of the biggest issues in our current real estate market… the insurance crisis.
I mentioned this during a presentation I gave last week that will be on my blog probably next week.
Basically the insurance crisis is a very big issue.
Two days after that presentation, Coldwell Banker, the largest real estate company in the world,
changed our addendums with changes referencing these issues.
The Florida Association of Realtors, which prepares our legal contracts, will be changing the standard contracts probably in the next month or two.
Lenders are changing their guidelines, and insurance companies are as well. This is a big issue.
What does this mean?
If you are thinking about selling, get in the game. This is a super complicated market, and I know it well.
If you need any assistance or have any questions on this topic, please reach out.
Like “Majic” I’ll get it closed.
Market Projections Presentations:
https://bit.ly/MMM-market-projections-presentations
Published by Maji Pace Ramos on February 7, 2023
𝟰𝗤 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝗮𝘁𝗶𝘀𝘁𝗶𝗰𝘀 𝟮𝟬𝟮𝟮
𝗳𝗼𝗿 𝗦𝗼𝘂𝘁𝗵 𝗠𝗶𝗮𝗺𝗶-𝗗𝗮𝗱𝗲 𝗖𝗼𝘂𝗻𝘁𝘆
Prepared exclusively for:
The Coral Gables office of Coldwell Banker Residential Real Estate
Statistical Information for: December 31, 2022
Coral Gables
Coconut Grove
Pinecrest
Palmetto Bay
South Miami
Prepared by: Joseph J. Parker
𝗦𝘁𝗮𝘆 𝘁𝘂𝗻𝗲𝗱📣
𝗳𝗼𝗿 𝗺𝘆 𝗹𝗮𝘁𝗲𝘀𝘁 𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗲 𝗠𝗶𝗮𝗺𝗶 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 🏡
𝗰𝗼𝗺𝗽𝗮𝗿𝗶𝗻𝗴 𝗽𝗮𝘀𝘁 & 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝘀𝘁𝗮𝘁𝘀 𝗮𝗻𝗱 𝗺𝘆 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝟮𝟬𝟮𝟯! 🔮
https://bit.ly/MMM-market-projections-presentations
For breaking news in the real estate market subscribe to Maji’s Market Minute Blog:
http://bit.ly/majismarketminute-blog
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
• About me: https://linktr.ee/majisold
Published by Maji Pace Ramos on February 3, 2023
for my latest presentation on the Miami Real Estate Market 🏡
comparing past & current stats and my projections for 2023! 🔮
https://bit.ly/MMM-market-projections-presentation
For breaking news in the real estate market subscribe to Maji’s Market Minute Blog:
http://bit.ly/majismarketminute-blog
About me: https://linktr.ee/majisold
Published by Maji Pace Ramos on February 2, 2022
Morning has broken. Taken this morning @ Rusty Pelican – Key Biscayne, FL.
We truly live in paradise!
Published by Maji Pace Ramos on January 30, 2023
Published by Maji Pace Ramos on January 23, 2023
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog:
Published by Maji Pace Ramos on January 19, 2023
This week, I’m contesting an appraisal that came in significantly lower than the sales price.
Will the seller pay the difference?
I don’t know. There were multiple offers on this property.
Will my buyer pay the difference?
I don’t know that either because there’s also work that needs to be done, but it doesn’t really matter.
I’m still contesting it.
I think I have a solid case, and although it’s a lot more work for me to get the information on this,
(I actually have one comp that’s a really good one) I’m still doing it.
It is a lot more work for me because this information is not readily available.
I’ve had to really dig for this and I am still doing it because I look out for my clients.
Like “Majic” I’ll get it closed.
Published by Maji Pace Ramos on January 16, 2023
Celebrating the life and legacy of Dr. Martin Luther King Jr.
Published by Maji Pace Ramos on January 11, 2023
Did you know that 80% of buyers are unsatisfied with the purchase of their
homes that they made during the pandemic in the last couple of years?
Did you also know that those buyers now have equity in those homes,
and it’s the perfect time to upgrade to their dream home?
If you are unsatisfied with the home you bought a couple of years ago, please contact me.
I can make your dreams come true.
Published by Maji Pace Ramos on January 10, 2023
Published by Maji Pace Ramos on January 10, 2023
Beautiful walk in the park. The moon was hiding behind a cloud.
Published by Maji Pace Ramos on January 10, 2023
but get this, 
Published by Maji Pace Ramos on January 6, 2023
Published by Maji Pace Ramos on January 5, 2023
Happy New Year! 🎇
Hope you all had a peaceful and wonderful holiday season.
I’ve been very, very busy. On my way to the Christmas Eve celebration with the family, I was negotiating a seller credit for my buyer, actually, right up until I got to my cousin’s house. I was a little bit late to the party. 🙃 A couple of days later I had inspections on another property and I’m now strategizing for the negotiation on that, for the appraisal and the inspections. It’s a very busy market. This is a very good time for buyers to be on the market. It’s the best market we’ve had for buyers in the last few years.
If you are a buyer and you’re interested in buying a property, get in the game.
If you want to close, CALL ME. and hopefully…
I will have time to take down my Christmas tree and decor this weekend. 😂
Like “Majic” I’ll get it closed.
About me: https://linktr.ee/majisold
Published by Maji Pace Ramos on December 31, 2022
Published by Maji Pace Ramos on December 28, 2022
I’m Maji Pace Ramos and I wanted to wish you all a HAPPY HOLIDAY SEASON! 🥂❄️🥳🎊🎇🍾🎍🎉
I had two deals 🏡 go under contract 1 1/2 weeks ago and yes, we are in the middle of the holidays and the real estate market is still going. 📈🔥 It is a little unusual for this time of the year, but it’s definitely a really good time for buyers to present offers because it is a little bit slower. Having said that, both of these contracts had multiple offers.
So… why did mine get selected? I think one of my superpowers is knowing how to read people. 🦸🏻♀️ I’m very good at it. I’ve been doing this for a very long time and I know how to tell what sellers want and the listing agents are looking for. So if you want your offers accepted, contact me.
Like “Majic” I’ll get it closed.
Happy Holidays!
❄️🔥🥳🎉🧧🎍🥂🍾🎇❄️🔥🥳🎉🎊🎍
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
About me: https://linktr.ee/majisold
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog:
Published by Maji Pace Ramos on December 25, 2022
Published by Maji Pace Ramos on December 23, 2022
Published by Maji Pace Ramos on December 20, 2022
I’m at inspection today for one of the two properties that went under contract last week and a few things have come up.
Some of it was covered up under paint and renovations. It is very important to do inspections.
Like “Majic” I’ll get it closed.
Happy Holidays!
🎄🕎❄️🎅🏻☃️🎄🕎❄️🎅🏻☃️🎄🕎❄️🎅🏻☃️
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
About me: https://linktr.ee/majisold
Published by Maji Pace Ramos on December 17, 2022
Published by Maji Pace Ramos on December 16, 2022
Like “Majic” I’ll get it closed.
About me: https://linktr.ee/majisold
Published by Maji Pace Ramos on December 15, 2022
Is it a good time to buy? 🏡 Boy, is that a question I get every day. 😁
Short answer, it really depends on what news you listen to and what you believe.
1. What do you think is going to happen with the mortgage rates?
2. What do you think is going to happen with inventory?
In my opinion, inventory is the real issue. But what do YOU think? Based on those two answers, that will determine whether you think it’s a good time to buy. Now, if you’re asking me as a professional, is it a good time to buy?
I would say yes, it’s a very good time to buy. Right now, interest rates came down a bit. 📈 We are in the middle of the holiday season, which means fewer buyers. 🎄🕎🎅🏻People are distracted, not as much competition. However, having said that, there’s still some competition, and all you need is one other offer to blow your game. It is still a competitive market, it’s just not as competitive. So if you’re interested in buying, please give me a call.
Like “Majic” I’ll get it closed. 🗝️
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Real Estate Market Trends Expert
• Miami native
For breaking news on the real estate market subscribe to:
Maji’s Market Minute Blog
http://bit.ly/majismarketminute-blog
Follow me on social media:
https://linktr.ee/majisold
Published by Maji Pace Ramos on December 14, 2022
Maji’s Market Minute
Like “Majic” I’ll get it closed. 🗝️
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Real Estate Market Trends Expert
• Miami native
For breaking news on the real estate market subscribe to:
Maji’s Market Minute Blog
http://bit.ly/majismarketminute-blog
Follow me on social media:
https://linktr.ee/majisold
Published by Maji Pace Ramos on December 13, 2022
Published by Maji Pace Ramos on December 13, 2022
My design background came in handy today as well as my experience with over 12 renovations, advising good friends/buyers how they could attach a carport to the rest of the house and how to move laundry room from the carport to inside the home.
Also trying to determine which parts of the house were an addition so we can check permitting. All in a day’s work. It is very convenient having an Interior Design degree and experience as an Interior Designer. .
Like “Majic” I can help buyers envision potential of a home and assist sellers in staging, presenting homes in the best possible light to get the highest possible price in the shortest amount of time.
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Interior Design degree and experience
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog
http://bit.ly/majismarketminute-blog
Published by Maji Pace Ramos on December 10, 2022
Morningside lights.
Published by Maji Pace Ramos on December 10, 2022
Gorgeous moon rise over bird island tonight! Did anyone else see it?
Morningside Park
@morningsidemiami_living
Published by Maji Pace Ramos on December 9, 2022
Published by Maji Pace Ramos on December 9, 2022
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Interior Design degree and experience
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog
http://bit.ly/majismarketminute-blog
Published by Maji Pace Ramos on December 8, 2022
Last night, I received a text from a listing agent that my buyer’s offer was not accepted.
So, note to all buyers, don’t be fooled by all the crazy and conflicting news that’s out there.
THIS IS NOT A BUYER’S MARKET.
There are still multiple offers, and all it takes is one other offer to really create a problem for a buyer.
So just be very aggressive with your offers. Don’t dilly-dally.
Don’t wait, get them in. Present clean contracts with very few changes and terms. Lock it up and use the inspection period for your due diligence.
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Interior Design degree and experience
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog
http://bit.ly/majismarketminute-blog
Two of my favorite peeps in the office.
#holidayparty #coldwellbankerrealty #coldwellbankdercoralgables #merrickpark
Coldwell Banker Realty – Coral Gables Office!
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Interior Design degree and experience
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog
http://bit.ly/majismarketminute-blog
Published by Maji Pace Ramos on December 7, 2022
Maji Ramos Real Estate Advisor, P.A
305-519-7940 | maji@majisold.com
• Interior Design degree and experience
• Miami Realtor since 1993
• 2nd Generation Realtor
• Negotiation Specialist
• Market Trends Expert
• Miami native
For breaking news in the real estate market subscribe to: Maji’s Market Minute Blog
http://bit.ly/majismarketminute-blog
Published by Maji Pace Ramos on December 7, 2022
Great holiday party at Merrick Park! 
Published by Maji Pace Ramos on December 6, 2022
Yeah so we went to go look at this property 
, 
with custom lighting at the same time the father 
which they had moved to the outside porch area Published by Maji Pace Ramos on December 5, 2022
#worldsoilday #drfarshid #maji_green #majigreensustainablesolutions
Aqua Art Miami.
Aqua Art Miami.
Aqua Art Miami was so good!
I prefer the Art Miami off shoot exhibits in the historic hotels or containers.
This is where you find emerging artists.
Plus some of these rooms reminded me of my 1st apartment on Sobe in the 90’s.
Loved that apartment. Trip down memory lane. The 90’s were the golden age of Sobe. Soooo much FUN!!!
Ink Miami at the Dorchester, Sobe.
Woodstock poster.
Perihelion Collage.
The irridescent circles are basically earth in relation to the sun.
This piece was one of my faves.
Published by Maji Pace Ramos on December 4, 2022
Design Miami 2022.
Design Miami 2022
Design Miami 2022.
Market still moving at a fast pace.
Highlights:
With supply still limited relative to demand, the market is still moving at a fast pace,
and 24% of homes sold above list price, down from 28% a month ago and 42% a year ago.
64% of respondents reported properties sold in less than one month.
This is down from 70% a month ago and 82% in October 2021.
First-time buyers represented 28% of buyers, virtually unchanged from one month and one year ago.
26% of buyers were all-cash sales, up slightly from 22% last month and 24% in October 2021.
85% of buyers purchased in a suburb, small town, rural, or resort area.
Note: the REALTOR® Confidence Index is provided by NAR solely for use as a reference.
Resale of any part of this data is prohibited without NAR’s prior written consent.
Published by Maji Pace Ramos on December 3, 2022
Published by Maji Pace Ramos on December 1, 2022
Published by Maji Pace Ramos on November 30, 2022
