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Luxury Home Sales in Miami on Fire
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FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
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Luxury Home Sales in Miami on Fire
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Luxury Home Sales in Miami on Fire

August 1, 2011 (Shirley Allen)

Sales of new and resale homes in Miami climbed up 1.4 percent from May to June, but sales of luxury homes shot up 21.2 percent from May and sales for the first six months of this year are 13.4 percent higher than during the same period last year according to the latest data released from DataQuick.

A total of 9,857 new and resale houses and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in June. Sales were 1.4 percent higher than May and were 6.0 percent higher than June of 2010.

Home sales in the region typically increase 6.7 percent between May and June. Home sales were 20.7 percent lower than Miami’s average June sales rate of 12,427, but were the highest total for the month of June since 2007.

New home sales, like many regions in the country, remained at depressed levels. A total of 526 new homes closed escrow in June, 1.5 percent above May’s levels, but 9.0 percent lower than June of 2010. Sales of new homes were at their lowest level on record for the area in June.

Cash buyers were responsible for 64.2 percent of the purchases in June, which was down from 64.9 percent in May, but up from 56.9 percent a year earlier. The record for cash purchases was in March 2011, when 68.6 percent of the sales were for cash.

Absentee buyers, usually investors and vacation home buyers, accounted for 37.1 percent of all homes sold in June. The prices they paid were also less than previous months with the median price paid in June being $90,700, which was down from $98,000 in May and down from $105,000 in June of 2010.

Foreign buyers made up nearly 6.5 percent of all purchases in June. The median price paid by foreign purchasers for condos was $110,000, while the median price paid for single-family homes was $165,000.

Out of all the foreign buyers who had an identifiable address, 76 percent had an address in Canada.

The overall median price paid for new and resale homes and condos in June was $135,000, which was down 1.5 percent from May, and down 10.0 percent from June of last year. The median home price is 53.4 percent below the peak median price of $290,000 in June 2007.

Miami’s multi-million dollar luxury market remained hot. Sales of houses and condos for $2 million or more were up 21.2 percent from May and up 27.2 percent from June of last year. Muy caliente!

Tags: DataQuick, existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
Data Quick

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
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There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
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Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
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August 1, 2011 (Shirley Allen)

Sales of new and resale homes in Miami climbed up 1.4 percent from May to June, but sales of luxury homes shot up 21.2 percent from May and sales for the first six months of this year are 13.4 percent higher than during the same period last year according to the latest data released from DataQuick.

A total of 9,857 new and resale houses and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in June. Sales were 1.4 percent higher than May and were 6.0 percent higher than June of 2010.

Home sales in the region typically increase 6.7 percent between May and June. Home sales were 20.7 percent lower than Miami’s average June sales rate of 12,427, but were the highest total for the month of June since 2007.

New home sales, like many regions in the country, remained at depressed levels. A total of 526 new homes closed escrow in June, 1.5 percent above May’s levels, but 9.0 percent lower than June of 2010. Sales of new homes were at their lowest level on record for the area in June.

Cash buyers were responsible for 64.2 percent of the purchases in June, which was down from 64.9 percent in May, but up from 56.9 percent a year earlier. The record for cash purchases was in March 2011, when 68.6 percent of the sales were for cash.

Absentee buyers, usually investors and vacation home buyers, accounted for 37.1 percent of all homes sold in June. The prices they paid were also less than previous months with the median price paid in June being $90,700, which was down from $98,000 in May and down from $105,000 in June of 2010.

Foreign buyers made up nearly 6.5 percent of all purchases in June. The median price paid by foreign purchasers for condos was $110,000, while the median price paid for single-family homes was $165,000.

Out of all the foreign buyers who had an identifiable address, 76 percent had an address in Canada.

The overall median price paid for new and resale homes and condos in June was $135,000, which was down 1.5 percent from May, and down 10.0 percent from June of last year. The median home price is 53.4 percent below the peak median price of $290,000 in June 2007.

Miami’s multi-million dollar luxury market remained hot. Sales of houses and condos for $2 million or more were up 21.2 percent from May and up 27.2 percent from June of last year. Muy caliente!

Tags: DataQuick, existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
Data Quick

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 1, 2011 (Shirley Allen)

Sales of new and resale homes in Miami climbed up 1.4 percent from May to June, but sales of luxury homes shot up 21.2 percent from May and sales for the first six months of this year are 13.4 percent higher than during the same period last year according to the latest data released from DataQuick.

A total of 9,857 new and resale houses and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in June. Sales were 1.4 percent higher than May and were 6.0 percent higher than June of 2010.

Home sales in the region typically increase 6.7 percent between May and June. Home sales were 20.7 percent lower than Miami’s average June sales rate of 12,427, but were the highest total for the month of June since 2007.

New home sales, like many regions in the country, remained at depressed levels. A total of 526 new homes closed escrow in June, 1.5 percent above May’s levels, but 9.0 percent lower than June of 2010. Sales of new homes were at their lowest level on record for the area in June.

Cash buyers were responsible for 64.2 percent of the purchases in June, which was down from 64.9 percent in May, but up from 56.9 percent a year earlier. The record for cash purchases was in March 2011, when 68.6 percent of the sales were for cash.

Absentee buyers, usually investors and vacation home buyers, accounted for 37.1 percent of all homes sold in June. The prices they paid were also less than previous months with the median price paid in June being $90,700, which was down from $98,000 in May and down from $105,000 in June of 2010.

Foreign buyers made up nearly 6.5 percent of all purchases in June. The median price paid by foreign purchasers for condos was $110,000, while the median price paid for single-family homes was $165,000.

Out of all the foreign buyers who had an identifiable address, 76 percent had an address in Canada.

The overall median price paid for new and resale homes and condos in June was $135,000, which was down 1.5 percent from May, and down 10.0 percent from June of last year. The median home price is 53.4 percent below the peak median price of $290,000 in June 2007.

Miami’s multi-million dollar luxury market remained hot. Sales of houses and condos for $2 million or more were up 21.2 percent from May and up 27.2 percent from June of last year. Muy caliente!

Tags: DataQuick, existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
Data Quick

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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