Maji's Market Minute

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Maji's Market Minute Market Update – June 2023 Courtesy of Florida Association of Realtors “Interesting look at the year-over-year market stats. Although I believe we really need to look at month over month to get an even more accurate picture of the market. “ Watch the Video Here: https://youtu.be/mMormvOoUyg 𝐅𝐨𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐦𝐨𝐧𝐭𝐡 𝐨𝐯𝐞𝐫 𝐦𝐨𝐧𝐭𝐡 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐩𝐥𝐞𝐚𝐬𝐞 𝐠𝐨 𝐭𝐨 https://miamihometrends.com/miamihometrends Like “Majic” I’ll […]
Maji's Market Minute Renting or Selling Your House: What’s the Best Move? Renting or Selling Your House: What’s the Best Move? If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained […]
Maji's Market Minute Tips To Reach Your Home Buying Goals in 2023 Tips To Reach Your Home Buying Goals in 2023 Some Highlights If you’re planning to buy a home in 2023, here are a few things to focus on. Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them. Let’s connect so you have […]
Maji's Market Minute The True Cost of Selling Your House on Your Own The True Cost of Selling Your House on Your Own Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as a FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you’re currently considering selling your […]
Maji's Market Minute Lavish Floating Social Club Plans to Party Off Shores of Historic Wildlife Retreat This is extremely concerning! There are plans for a luxury party barge off the coast of Belle Meade off Bird Key!   Bird Key is a historic island that used to be a Rookery (nesting seabird colony). Sadly it collapsed in 2019 and some of the seabirds (some endangered) migrated to the Morningside Rookery which […]
Maji's Market Minute DID YOU KNOW THAT JULY 5TH WAS …   National Bikini Day! 😮 Photo Courtesy of Nationaltoday.com AND…   National Apple Turnover Day!! 😋                      Photo Courtesy of Nationaltoday.com hmmm…this is a dilemma! 🤔 Which would you choose.. Apple turnover OR wearing a bathing suit? SERIOUSLY.. WHO COMES UP WITH THESE???   😂 Maji Ramos Real […]
Maji's Market Minute Today’s Housing Inventory Is a Sweet Spot for Sellers One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale […]
Maji's Market Minute Miami-Dade Single Family $600K to $1M Home Sales Rise; South Florida Showing Appointments Increase Year-over-Year Miami-Dade Single-Family $600K to $1M Home Sales Rise; South Florida Showing Appointments Increase Year-over-Year   Link: https://www.miamirealtors.com/2023/06/22/miami-dade-single-family-600k-to-1m-home-sales-rise-south-florida-showing-appointments-increase-year-over-year/ By Chris Umpierre Courtesy MiamiRealtors.com MIAMI — Miami-Dade County single-family $600,000 to $1M home sales surged while South Florida showing appointments also rose year-over-year, according to May 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the […]
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Maji's Market Minute What Does the Carillon Miami Beach Case Mean for Condo-Hotels? What Does the Carillon Miami Beach Case Mean for Condo-Hotels?   Link: https://therealdeal.com/miami/2023/06/15/its-a-condo-no-its-a-hotel-inside-the-condo-hotel-conundrum/ By Lidia Dinkova Research by Adam Farence Courtesy of TheRealDeal.com  When Rasikaran and Jhansi Boaz set out to buy a condo in 2008, they chose an oceanfront Canyon Ranch-branded project in Miami Beach, partly thanks to its amenities. The complex, now called Carillon Miami […]
Maji's Market Minute Maji’s Market Minute 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. […]
Maji's Market Minute The Main Reason Mortgage Rates Are So High 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 […]
Maji's Market Minute A Drop in Equity Doesn’t Mean Low Equity 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 […]
Maji's Market Minute Are Home Prices Going Up or Down? That Depends… (Teaser Video) I’ve been a Miami realtor since 1993. I’m a second-generation Realtor and a Miami native. I’ve been following the real estate market most of my life.  Did you know that July was the low  of the real estate market in the country? And it has slowly been coming up. You’re not going to hear this in the news […]
Maji's Market Minute Are Home Prices Going Up or Down? That Depends… 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 […]
Maji's Market Minute Is It Really Better To Rent Than To Own a Home Right Now? 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 […]
Maji's Market Minute This Real Estate Market Is the Strongest of Our Lifetime 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. […]
Maji's Market Minute When is the Best Time to Look At a Property? 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 […]
Maji's Market Minute Planning to Retire? It Could Be Time To Make a Move. 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 […]
Maji's Market Minute Homeownership Is an Investment in Your Future 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 […]
Maji's Market Minute The True Value of Homeownership 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 […]

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