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Yanoska Diaz's Blog

By Yanoska Diaz | Agent in Miami, FL
  • December Housing Trends. Who is buying properties?

    Posted Under: Market Conditions, Home Buying, Home Selling  |  December 7, 2013 9:39 AM  |  222 views  |  2 comments

    Average Property Price Per Region

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    Who is Buying Properties

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    Homebuyer Traffic

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    Housing trends data used in this publication are from the Campbell/Inside Mortgage Finance HousingPulse monthly survey. For more information, go to HousingPulse.com .

  • Buy-to-Rent Market will continue its growth

    Posted Under: Market Conditions in Miami, Home Buying in Miami, Home Selling in Miami  |  October 9, 2013 9:43 AM  |  309 views  |  No comments
    The buy-to-rent market is only a fraction of what it could be, according to a research report from Morgan Stanley and the market is ready for major growth in the coming years.

    Morgan Stanley housing research report predicts that the buy-to-rent market can continue growing from today's $17 billion to perhaps over $100 billion over the next several years.

    According to analysts, real estate investors may be able to anticipate a more than 10 percent return on investments, as rents nationwide continue to rise.

    In Miami-Dade County there is still a great number of investment opportunities dispites the increase in property values in recent years.

    The opportunities are not just limited to distressed sales as arm-lenth transactions in many sections of the County can lead to a healthy 10 or even higher percent of return on condominiums, single family or multi-family residential properties.

    Yanoska Diaz
    Miami Realty Services, Inc
    305-772-0504
    yanydiaz@yahoo.com
  • Cuba legalizes Real Estate Brokers

    Posted Under: Home Buying in Miami-dade County, Home Selling in Miami-dade County, Agent2Agent in Miami-dade County  |  September 27, 2013 3:36 PM  |  327 views  |  No comments

    My fellow Cuban-American Realtors, did you miss "The Real Deal" article posted September 26, 2013? I would love to share your thoughts on this blog.

    Real estate agents make up one of several groups that are newly allowed to operate as private professionals in Raul Castro’s Cuba.

    Though buying and selling homes was legalized in 2011 for the first time in decades, making money by connecting buyers with sellers was still technically against the law.

    What will come next? Re/Max(r), Coldwell(r) or EWM(r) Havana?

  • Factors that are playing a major role in South Florida market conditions

    Posted Under: Market Conditions in Miami-dade County, Home Buying in Miami-dade County, Home Selling in Miami-dade County  |  September 22, 2013 8:19 AM  |  352 views  |  No comments
    The South Florida Real Estate market its hotter than it has been for at least the past 10 years. The questions pop in this forum and many others: What is happening in South Florida? Will prices continue to appreciate?

    The following observations derived from a Real Estate Agent, that's me! who typically handles distressed inventory, mainly Bank Owned properties. My clientele has been composed by Lending Institutions on the Selling side and "all cash" Investors on the Buying side, 99.9% of the time since 2007.

    Inventory shortages for quality homes.

    Delays in foreclosure processing.

    The much-predicted foreclosure wave that was expected to dump more homes onto the market did not materialized.

    Fewer borrowers are entering default, and banks are better managing the properties they do have on their books.

    The number of days a home sits on the market has also decreased, meaning properties are selling faster.

    Increase number of potential Buyers. More Buyers create a competitive environment and that makes it more difficult to find quality investment properties.

    Investors are aware that the area has continued to enjoy steady appreciation.

    Increasing demand on rentals.

    The lack of available homes is maddening for those consumers who thought 2012 and 2013 would be the years to buy.

    If you, as a Real Estate professional cater to a different clientele I would love to hear your input!

    Yanoska Diaz
    Miami Realty Services, Inc
    305-772-0504
    yanydiaz@yahoo.com
  • 2012 End of Year Data for Chase Priority Partner Short Sale Program

    Posted Under: Home Buying in Miami, Home Selling in Miami, Foreclosure in Miami  |  February 15, 2013 12:45 PM  |  3,904 views  |  No comments
    In 2012, JP Morgan Chase Bank completed over 78,000 Short Sales and Deeds in Lieu of Foreclosure. These numbers were less than expected by Chase because Borrowers stopped submitting short sale applications as they discovered that it was unknown whether the Mortgage Debt Relief Act was to be extended or let expire. The great news is that it was extended!

    Florida completed 13,301 short sales in 2012. This is second only to California, with 24,785 short sales completed.

    Cycle times for List to Close for 2012 was 136 days and cycle times for Contract to Close was 73 days, a significant decrease with the implementation of the Chase Priority Partner Program.  

    As a Chase Certified Short Sale Agent I am very proud of the program’s opportunity to reach homeowners earlier in the delinquency process and educate them on their liquidation options and decrease cycle times.

    If you or someone you know has a Chase Loan on a home which is "underwater" and/or struggling to make payments please review the incentives available to qualified Home Owners.

    http://www.trulia.com/blog/yanoskadiaz/2013/01/chase_priority_partner_program_expedites_short_sale_process

    Yanoska Diaz

    Miami Realty Services, Inc

    Chase Priority Partner

    yanydiaz@yahoo.com

    305-772-0504


  • Multifamily Housing Market is recovering

    Posted Under: Home Buying in Miami-dade County, Home Selling in Miami-dade County, Rental Basics in Miami-dade County  |  January 28, 2013 7:05 PM  |  375 views  |  No comments
    According to DSnews.com the industry seems to agree the multifamily housing market is recovering well and will continue to show positive signs this year. Both Fannie Mae and the National Association of Home Builders report low vacancies and climbing rents for 2012 and anticipate a strong market in 2013.
    Fannie Mae expects asking rent prices to increase about 2.5 percent this year. Average rent growth over the year in 2012 was about 3.25 percent, exceeding Fannie Mae’s forecast of 3 percent for the year.
    http://www.dsnews.com/articles/index/research-points-to-strong-multifamily-sector-this-year-2013-01-25
 
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