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Time to buy! Average 30-year mortgage rate falls to new 2016 lows
WASHINGTON (AP) – July 8, 2016 – Long-term U.S. mortgage rates fell this week to the lowest level since May 2013, driven down by financial tumult in Europe. Mortgage giant Freddie Mac says the average 30-year fixed rate mortgage fell to 3.41 percent from 3.48 percent a week ago. A year ago, the 30-year rate stood at 4.04 percent. The 15-year mortgage rate dropped to 2.74 percent, down from 2.78 percent last week and 3.20 percent a year ago. After Britain’s recent vote to leave the European Union, worried investors fled to the safety of...
read moreEXCLUSIVE: College seeks to buy city land in downtown Miami
Miami Dade College is in negotiations to buy a city-owned fire station in downtown Miami, according to sources at both the city and college. The city’s Planning, Zoning and Appeals Board is set to consider rezoning the 28,000-square-foot site at 144 N.E. 5th Street from “community facilities” to “central business district” on July 6. That measure, which would significantly increase the allowable density on the site, would also need city commission approval at a later date. Click Full Article for more details. Full Article Save Article Article...
read moreHow to Solve the Biggest Home Inspection Nightmares
Whether you’re planning to put your home on the market next week or not for 20 years, you need to take care of these problems now. Click Full Article below to learn how to fix these three biggest home inspection nightmares. Certain home inspection fails can stop a home sale dead in its tracks. If you are trying to sell your home, it’s important that you identify and fix any major issues in your home before putting it on the market, so you don’t waste time and money after the fact. Certain buyers may not continue the purchase...
read more10 Gadgets to Keep an Eye on Your Home While You’re Away
Set out on your next adventure with peace of mind with these 10 intelligent friends watching your home. Click Full Article below to learn how cutting-edge technology can make you safer. Going on vacation can induce travel-related stress, but with the world of home security progressing at the speed of light, flight delays should be the extent of your worries. From steel vault-like containers for packages delivered while you’re away to weatherproof cameras, gadgets work to keep your home safe while you’re away. Full Article Save...
read moreSouth Florida Construction | Miami Construction
The first half of 2016 has been a mixed bag for South Florida’s construction industry, with spending on contracts ebbing and flowing depending on the month. But despite that volatility, a new report from research firm Dodge Data & Analytics shows the industry is still outpacing 2015 — albeit marginally. During May, developers and homebuilders spent $204 million on non-residential construction contracts, marking a 15 percent decline year-over-year. That sector covers everything from government offices to hotels. Click Full Article for more...
read moreNew Hotel to open Atton Miami | Brickell Hotels
Atton Hotels will open its first U.S. hotel on Friday in Miami’s Brickell neighborhood. Atton Brickell Miami, a $65 million hotel at 1500 Southwest First Avenue, features 275 guest rooms and suites with views of Brickell’s skyline and the nearly 8-acre Simpson Park. The property also includes 4,000 square feet of meeting space, a rooftop pool with cabanas, a Vista bar with cocktails and tapas, a gym, a lobby bar and a full-service restaurant, Lima, helmed by chef Kyriacos Petrou, formerly of Shula’s Steakhouse at the Alexander Hotel. Click...
read moreMiami Is Building a Vertical Amusement Park – CityLab
If the world opened up to us like the opening credits for Game of Thrones, virtually every city on the map would have a giant Ferris wheel. Like the Titan of Braavos or the Great Pyramid of Meereen, observation wheels now loom over most of the major kingdoms on our map, from London to Melbourne to Singapore. Our title sequence might be more Wheels of Fortune than Game of Thrones. Miami, the Dorne of the United States, means to shake up the map. A Florida developer has just released designs for SkyRise Miami, a viewing tower and vertical...
read moreThis Mall Will Be So ‘Ginormous’ That It Will Come With Its Own Mini Suburb
When the country’s largest mall comes to western Miami-Dade, a major developer wants to be ready with a custom-made mini suburb next door. The Graham Cos. sold the owner of the Mall of America most of the land for its planned super-sized version inMiami-Dade, a 200-acre shopping theme park called American Dream Miami that would be about 40 percent larger than the original in Minnesota. Meanwhile, the Graham Cos. also is pursuing its own shopping complex just south of the American Dream Miami site, with commercial space for retailers looking...
read moreWynwood Miami | Coolest Streets in America | Wynwood Stores
Mirror, mirror on the wall. Who’s the coolest of them all? Wynwood is the sixth coolest street in the country, according to a new Cushman & Wakefield report. The neighborhood’s industrial history, street art and increasing millennial population contribute to Wynwood’s success, which has been fueled by retail growth, the report states. Nearly 27 percent of residents in the area are millennials. The average household income is only $44,350, and residential rents are in the “$$$” category, which Cushman & Wakefield defines as “hipsters...
read moreImproving Miami Transit, Smaller Apartments Needed For Downtown Lure – Neighborhood
A host of Downtown Miami’s most prominent real estate pros are calling on the region to improve transit options to fight a traffic “crisis.” The need for more transit options has much to do with the generational shift of preferences that Millennials—who have been moving into the downtown area—are seeking, says Miami DDA’s Alyce Robertson. “A lot of these Millennials don’t have the patience for sitting in the car for two hours a day going to South Timbuktu,” Alyce says. And Miami is a young city—120 years old by her count—and...
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