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Trendy Home Designs

Posted by on Dec 17, 2014 in Blog | 0 comments

6 Trends Driving New-Home Designs

Article by Realtor.org

 

6 building trendsWhat is luring home buyers to new homes? Technology, the outdoors, and “super kitchens” are among what Nick Lehnert, executive director at KTGY, and Mollie Carmichael, principal at John Burns Real Estate Consulting, recently shared with BUILDER Online on some of the design drivers in the new-home market.

Here are some of the trendy home designs they point to:

1. Super kitchens: The kitchen is not just a hub for cooking but has become a center of the home for entertainment and conversations. Builders have been opening the kitchen to other rooms and the kitchen island is becoming key to separating the spaces. The island adds more seating along with extra prep space. As kitchens become more open, pantries are getting bigger to accommodate the need for storage.

2. Outdoor/indoors merged: The interiors are feeling stretched by carving out spaces that seamlessly allow home owners to walk into outdoor retreats. But buyers want those outdoor spaces to be private, a stray from the once traditionally “public” backyard. As such, more builders are taking note and carefully positioning the architecture of the home to make sure the outdoor space offers more privacy.

3. Bigger garage spaces: Builders are taking note of buyers’ preferences for more space in the garage, and not just for squeezing in their cars. The garage can be a workspace, hobby haven, and place for added extra storage.

4. Office space: The office/den is in demand as more people work from home, but the best location for it is to still in question. Traditionally, the home office has been located off the main entry of the home. But now builders are rethinking the location as buyers show preferences to have the office closer to the “living” area, particularly near the kitchen hub and family room.

5. Tech-spot: More home owners are constantly plugged into their technology, and the growth of connected homes likely will lead to even more need for tech hubs in the house. Some builders are designing small “server” rooms as smart technology enters more homes.

6. Dual homes: More people are squeezing under one roof as young adults stay with their parents longer, aging parents move in, and cultural preferences further the trend. Builders are taking a keen interest in multigenerational living arrangements. For example, Lennar has launched a NextGen brand of floorplans geared to multigenerational living, which include separate main entrances and options like a 500-square-foot attached suite for a private residence.

 

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Consumer Debt

Posted by on Dec 16, 2014 in Blog | 0 comments

South Florida consumer debt decreases in Q3

Article by South Florida Business Journal

 

debt freedomConsumer debt in Miami-Fort Lauderdale was down 3.32 percent in the third quarter of 2014 compared to the same period last year, according to Equifax’s (NYSE: EFX) National Consumer Credit Trends Report.

Consumers in Miami-Fort Lauderdale had $135 billion in debt, compared to $140 billion in the third quarter of 2013.

The reason? Homeowners in those areas aren’t taking on new mortgages because they were hit hard during the housing market crash. In addition, while housing prices are on the rise, many sales are cash sales now, said Dennis Carlson, Equifax’s deputy chief economist.

“It is a place that was hit very heavily by the housing price burst. Miami and Fort Lauderdale were decimated,” he said.

Three markets in Florida – Miami, Tampa, and Orlando – experienced decreasing levels of consumer debt while the national consumer debt increased by 0.97 percent. Of the two 25 metropolitan statistical areas, only eight experienced decreases in consumer debt.

“The thing here is that the balances are driven quite largely by mortgage debt. The average mortgage is $200,000-$220,000 while an auto loan is $25,000. Credit cards aren’t typically as high,” Carlson said.

However, the downward trajectory is slowing down. From 2012 to 2013, mortgage debt decreased by 7.3 percent, while between 2013 to 2014, that change slowed to 5.7 percent.
That’s moving in a good direction, Carlson said.

“As the market continues to flush out the rest of the distressed properties, I would expect mortgage balances to slow their decline or at some point in fact start to rise again,” he said.

Equifax consumer debt numbers are a total of lending for first and second mortgages, autos, bankcards, and retail. And while mortgage debt is down in Miami-Fort Lauderdale, all other types of lending is up. “That tells me that people are ready to move on and in some cases rebuild and expand. They’re spending again, they’re buying,” Carlson said.

Auto debt was up 11.7 percent in the third quarter of this year compared to the same time last year, bankcard debt was up 5.7 percent, and retail debt was up 7 percent.

First mortgage debt was down 5.5 percent and second mortgage debt was down 7.4 percent.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Vizcaya at Christmas

Posted by on Dec 15, 2014 in Blog | 0 comments

Enjoy a Holiday Evening at Vizcaya

Article written by the Coconut Grove Grapevine

ViscayaSomething really special to see would be Vizcaya at Christmas time. Now you can. Go back 100 years with a special Holiday Evening at Vizcaya on Wednesday, December 17, from 6 to 9 pm.

James Deering came to Vizcaya on Christmas Day of 1916 and celebrated his arrival with a party. Now, to honor Deering’s arrival, and the holiday season, the Main House will be open at night – an opportunity that comes only once or twice a year. They’re decorating for the holidays as Mr. Deering might have 100 years ago, with poinsettias lining the walk as you make your way down to the house, ivy wreaths and draping garland, a big tree full of old-world ornaments and historic holiday music playing on the organ.

With a complimentary holiday drink and treat to start the night off, you’re free to wander at your own pace. Sit in the Courtyard and enjoy the music, visit the Living Room to see the tree and the custom built organ or visit the Café and Shop to take care of last minute shopping needs.

Whatever you decide to do, get your tickets here to enjoy a perfect way to spend a night with family and friends around the holidays at the Holiday Evening at Vizcaya!

Members: $15 adults; $10 children 6-12
Non-members: $25 adults; $15 children 6-12

Vizcaya is at 3251 S. Miami Avenue.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Holiday by the Bay

Posted by on Dec 10, 2014 in Blog | 0 comments

Palmetto Bays Holiday Celebration

 

Palmetto BaySaturday, Dec 13th
3 – 7 PM
Ludovici Park (17641 Old Cutler Rd)

Snow at 6PM

Palmetto Bay will be hosting its annual Holiday by the Bay celebration with free rides, musical concerts, free pictures with Santa, and an array for vendors of foods, arts and crafts. There will also be a blizzard blowing around 6 PM with a faux snow storm. There will be an on-stage story-telling by the library staff. There will also be performances from the Howard Drive Elementary dance troupe, “Ballet-in-the-Park” performing “The Nutcracker”, and Southwood Middle School and Christ Fellowship.

As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.

Florida Can Weather Next Big Hurricane

Posted by on Dec 7, 2014 in Blog | 0 comments

Experts agree hurricane-free years have lowered the risk of catastrophic loss

Article by the Real Deal

 

florida home insuranceThe end of the hurricane season Sunday marked Florida’s ninth year without a hurricane – years that have given insurers time to rebuild from the damages caused in 2004 and 2005.

Experts agree that the hurricane-free years have lowered the risk of the sort of catastrophic loss the area has seen in the past. Hurricane Wilma, for example, caused a $1.7 billion deficit after it hit South Florida in October 2005. Hurricane Andrew caused $25 billion in damages in 1992, according to the Sun Sentinel.

Sam Miller, executive vice president of the Florida Insurance Council, told the paper the state is now better positioned than anywhere else to handle a major hurricane.

Florida’s Hurricane Catastrophe Fund has increased its available cash and lowered its potential exposure, making it financially strong for the 2015 storm season. Citizens Property Insurance Corp. imposed a storm assessment surcharge on policyholders following Hurricane Wilma amounting to $2.9 million, the Sentinel reported. Two surcharges have been set to end earlier than planned.
As one of Miami’s best realtors, you will find that I am honest & knowledgeable with over 10 years of experience selling homes in numerous areas within Miami-Dade. As a Miami native, I not only know but specialize in many neighborhoods including Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne, Miami Beach, High Pines, and South Miami.

If you are considering buying or selling your home and would like to work with an excellent realtor who specializes in any of these areas, feel free to contact me directly at 786-488-9756 or email me at John@JohnSeidel.com today for your consultation. I look forward to hearing from you.

Check back with us frequently as we are constantly posting the latest sales, statistics, and local news on Miami’s Real Estate market.