sell Archives - Rava Realty

The COVID effect: The surprising impact of the pandemic on Miami-Dade real estate

Posted by:

Months of stay-at-home orders, growing numbers of infections and deaths, working remotely while the kids are attending school in the next room, stop-and-start business closures, and no end in sight to the COVID-19 pandemichave all had an unexpected impact on Miami-Dade’s real estate market. It’s just not what you probably think it is.

COVID-19 has turned out to be an ...

Continue Reading →
0

Mortgage rates notch new low

Posted by:

The average rate for a 30-year fixed-rate mortgage dropped .07 percentage points for the week ending Sept. 10, reaching 2.86 percent — anew low since Freddie Mac began conducting the survey in 1971. This time last year, the mortgage rates averaged 3.56 percent. Fifteen-year mortgages declined, too, to an average of 2.37, while five-year mortgages were up 18 percentage points to 3.11.

Sam Khater, Freddie Mac’s chief economist, said a late summer slowdown in the economic recovery was to thank ...

Continue Reading →
0

Manhattan is Cold, the Suburbs and Brooklyn are Hot! Here’s what the resi market looked like in July

Posted by:

In Manhattan, the drops were stunning. July contracts for co-ops priced between $4 million and $5 million were down 94 percent from the same month last year. No contracts were signed for condos above $20 million. Across all price brackets, condo and co-op contracts were down 56 percent.

But in Brooklyn — where New Yorkers often migrate to in search of bigger homes and more open space — the numbers surged: 178 new condo contracts in July, up from 147 last ...

Continue Reading →
0

Selling Your Home in the Age of Coronavirus? Here Are All Your Top Questions, Answered​

Posted by:

Can I sell my house during the COVID-19 pandemic?

Yes, you can still sell a home during the coronavirus pandemic, particularly now that states are beginning to reopen.

Is it safe to sell your home during such an outbreak?

There are several precautions your real estate agent can take to safely show your home to interested buyers. Masks on, shoes off, and hand ...

Continue Reading →
0