Mortgage Lenders Turn Down About 1 In 10 Florida BuyersLendingTree study: The number of buyers approved for a mortgage loan has hit a post-recession high, but of 50 cities with the most denials, the
Aug 1 2017 37430 3
July's First-Time Homebuyer Report for Miami Metro Area
Posted by Homesnap on 7/22/2017 inMiami Metro Area
With an 11.9% increase over the last 10 years, the population of the Miami Metro Area is growing faster than other parts of the country. Also, with 5,564,635 residents, it is the ninth-most populated metro area in USA. Miami-Dade County, Broward County, and Palm Beach County are the three largest counties in terms of population. With a median age of 30 years, homes in the Miami Metro Area tend to be relatively old.
Homes in the Miami Metro Area are generally more expensive than others in the country with a median home value of $162,800 and an average list price of $383,573.
The typical dwelling in the Miami Metro Area is a two-bedroom condo worth about $398,425. To purchase a similar home, a buyer with good credit and a $79,685 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,454 monthly payment. The property tax rate is $14.29 per $1,000 of taxable assessed value.
Team H&L Miami @ Real Estate Empire Group is a fast growing boutique Real Estate firm established in 2001. It began to revolutionize property sales as well as marketing through brokers, agents, and an....
Latest Blog Posts
This is a short but insightful article on the steps that you take NOW to assist you in getting the lowest possible rate on your mortgage. Please keep in mind that for most of us this will be the