Do you want to buy a property but worried about interest rates? Watch this video to find out what rising interest rates could mean for your property purchase in South Florida.
🎙️ In this video, Sep Niakan, founder of Blackbook Properties and CondoBlackbook.com, talks about how interest rates could affect the South Florida real estate market and what that means for you. So, whether you’re a first-time homebuyer or planning to take out a mortgage for a bigger house in Miami, stay put to find out whether you should make a move now or wait it out?
➤ Skip to Key Moments:
00:17 – Intro
00:39 – Should Miami buyers wait to buy?
01:27 – The math behind current interest rate increases
02:16 – Cash vs. Mortgage buyers – Miami stats
02:50 – Should you wait or buy in Miami’s strong housing market?
For those who didn’t know, Miami’s housing market, especially the luxury condo market, has been booming for over a year now. While the entire world was expecting the housing market to crash after the pandemic’s peak, we’ve been witnessing the exact opposite here in Miami. With each passing quarter, sales are posting new highs and inventory continues to tighten, touching new lows – capturing the intense demand for luxury condos in Miami.
You can read our Comprehensive, Q1 2022 Miami Luxury Condo Report for more details and analysis on sales, prices, days on market data, and inventory comparisons for Miami as a whole plus its major sub-markets here →
Or simply skim through the summary of our Q1 2022 Miami Luxury Condo Report here →
Some of the contributing factors that are driving more people to Miami include →
➤ Our pro-business and crypto-friendly attitude.
➤ Pocket-friendly, no-income-tax policies.
➤ Great beaches and year-round warmth.
➤ Flexibility afforded by new work from home policies.
➤ More high-end brands and product making their way into the luxury condo market in Miami.
➤ A global city ripe with an eclectic art and culture scene, shopping, nightlife, dining, and public transportation options.
Have an opinion? Leave a comment below; we’d love to hear it!
👍 Like and SUBSCRIBE for more insider views on Miami condos and lifestyle!
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Follow us on our Instagram @blackbookproperties!
Looking at Miami-area condos or homes?
Use our free property search:
https://www.condoblackbook.com
For the latest news on new Miami luxury condo developments, pre-construction buying opportunities, or real estate advice, check out our expert articles at:
https://www.condoblackbook.com/blog
Contact Me:
Sep Niakan
Founder, Condo Blackbook & Owner/Broker, Blackbook Properties
FL DRE BK3102146
(305) 697-7667
Email:
www.blackbookproperties.com
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