market
April 9, 2024
Are you thinking it’s time to list a property for sale? The Kern Team is here to represent you, but we’re also here to help you make sure you’re well-informed on the front end of any real estate transaction. Timing Makes a Difference First, it’s important to consider market trends and seasonality if you have the ability to list your home any time. Spring and early summer tend to be the most active seasons for real estate transactions. Many buyers are eager to purchase before the start of the new school year or to take advantage of favorable weather conditions for house hunting. Here in Miami it can be beneficial to list in Spring or early Summer, but it’s important to realize […]
January 23, 2024
Miami has always been a beach oasis with sun and surf, now we’re moving toward becoming a green oasis by prioritizing eco-friendly living. Climate change has been a constant topic in the news. We continuously see more financial incentives offered for environmentally friendly and sustainable building and renovation practices. Now is the time to get in on the eco-friendly train. Moving Towards Sustainable Living The Miami skyline is evolving, and part of that includes more commitment to sustainable architecture. Residential and commercial buildings alike are incorporating more features that focus on being more environmentally conscious. Using sustainable materials and incorporating energy-efficient designs are bringing Miami into the future of eco-friendly construction. Neighborhoods are incorporating more green spaces including parks and […]
January 2, 2024
A neighborhood we get asked about commonly is Little Gables. For those that don’t know, Little Gables is surrounded by Coral Gables on three sides, and the city of Miami to the north. It exists as a quirk of a fight in the 1920s between John Stadler – who owned most of the land that is now Little Gables but then was a fruit orchard – and George Merrick, the founder of the Gables. Stadler didn’t want to sell the land to Merrick and so the area never got incorporated into the city of Coral Gables and is still unincorporated Miami-Dade County. Many homeowners are attracted to Little Gables because it has a lot of the perks of the Gables […]
December 19, 2023
Over the past few years, Miami’s real estate market has been somewhat unique when compared to the average trends across the US. 2023 held some surprises that we didn’t see coming at the end of 2022. Everything else we’re about to tell you is our best prediction based on our experience as well as what we see other experts saying. Beware of any market forecasts that claim to know exactly what will happen and when – we haven’t seen anyone with a working crystal ball yet! Slow and Steady is the Name of the Game in 2024 We’re not anticipating any big or fast changes on the horizon. Expect to see home prices increasing gradually through at least the first […]
December 12, 2023
Maybe it’s because we’re in real estate, but a common conversation we have with people in January involves them telling us that this is going to be the last year they rent. With that in mind, we wanted to compile a little bit of advice for people who are gearing up to enter into homeownership and getting out of the rental cycle. A Home is a Solid Investment While you’re renting you’re essentially investing your money in your landlord’s real estate without getting any long term return. On the flip side, each mortgage payment you make is like adding money to your home’s equity piggy bank. It may seem like a little at a time, but it does add up […]
May 23, 2023
It feels like we spend a lot of time talking about helping growing families find homes with more space, more rooms, bigger yards, more of… everything! There is definitely a time in life when upsizing everything seems like the most obvious choice, but what about the opposite? Downsizing has always been popular for empty nesters for several reasons – who wants to maintain a few extra bedrooms & bathrooms when no one is using them? When you’re looking for the right property for you, bigger isn’t necessarily better. New Season of Life The two biggest reasons most people find themselves shopping for a new home are relocation to a new place, and changes happening in their lives that they want or […]
May 2, 2023
Pinecrest is one of our favorite neighborhoods. You’ll find many mid-century ranch homes on large lots and gorgeous natural scenery plus some of the most stunning mansions in Miami-Dade. Just north of Palmetto Bay and only about 20 minutes from downtown Miami, there’s a reason leafy Pinecrest is so in-demand: it is great for young families (boasting fantastic schools) and those that are looking for a little space to spread out while still being close to it all. Great Opportunities for Buyers The end of 2022 saw more homes on the market in Pinecrest than we’ve seen in years. However, the price per square foot is up – the average at the end of 2022 was $868 in Pinecrest. Price […]
April 18, 2023
The last couple of years have been a wild ride, there’s no denying that. Miami has been one of the U.S. cities that has not followed the nationwide trends as closely as the majority of the country. But are we immune from a negative trend across the States? What Makes Miami Different? One of the simplest things setting Miami apart from most of the U.S. is the size. We are the 7th largest metro area in the country. Secondly, Miami has a higher-than-average concentration of luxury homes. On top of that we are a coastal city which entices buyers from not only all over the U.S., but internationally as well. Miami is a destination city within a state that has […]
March 21, 2023
Higher interest rates are affecting real estate markets nationwide, and Miami can’t escape the impact fully.. That said, we are still enjoying one of the strongest markets in the country despite some cool-down. So, let’s talk about what you need to know no matter which side of the Miami market you’re on: buyer or seller. Where are We Now? The current average interest rate for mortgages is sitting just below 6.5%, but many of our lenders can do better than that. Feel free to ask us for a recommendation. This is the highest we’ve seen rates since the end of the year in 2007, so it feels high. However, it’s worth recalling that in the fall of 2000 it was right […]