10 Most Google Questions on Miami Shores! Thinking about moving to Miami Shores or just curious about what this charming community has to offer? In this article, we'll answer the 10 most Googled questions about Miami Shores, covering everything from housing and schools to amenities and local services. Whether you're relocating or simply exploring, this guide will give you a comprehensive overview of life in this vibrant village.  1. What is the Average Home Price in Miami Shores? The average home price in Miami Shores for 2024 has been $1.585 million, with 93 closed sales so far. These homes typically feature 3 bedrooms, 2 bathrooms, and around 2,087 square feet, averaging about $717 per square foot. When broken down by size, the price per square foot can vary. For instance, homes between 1,000 and 1,500 square feet sold for an average of $884,000, which is about $700 per square foot. On the higher end, properties over 3,500 square feet averaged $5,023,000 or $978 per square foot. These numbers reflect the diverse housing market in Miami Shores, catering to various preferences and budgets. 2. How is the School System in Miami Shores? Miami Shores offers diverse educational opportunities with public, charter, and private schools, making it an attractive option for families. Public schools include Miami Shores Elementary (PK-5), Horace Mann Middle School, and Miami Edison High School. The charter school option, Doctors Charter School of Miami Shores, serves middle and high school students in partnership with Barry University. For private education, there are several choices such as Montessori School,  Presbyterian Church School, St. Rose of Lima Catholic School, and Miami Country Day School. Higher education is also accessible, with Barry University's main campus located within the village. 3. What Parks Are Available in Miami Shores? Miami Shores boasts beautiful parks that cater to outdoor enthusiasts and families alike. Bayfront Park, located at 9501 N Bayshore Drive along Biscayne Bay, offers stunning water views and green spaces for recreation. Memorial Park at 9400 NE 2nd Ave honors the armed forces and serves as a venue for community ceremonies. These parks provide a serene escape and are a key part of the community’s commitment to preserving green spaces. 4. Top Amenities and Things to Do in Miami Shores? Residents and visitors can enjoy a variety of amenities in Miami Shores. The Aquatic Center is a popular spot for swimming and water activities. The Miami Shores Country Club offers a beautiful golf course for enthusiasts, while the Tennis Center provides courts for players of all skill levels. These amenities, along with various community events and recreational programs, make Miami Shores a vibrant and engaging place to live. 5. Is Miami Shores a Good Place for Families? Miami Shores is known for its family-friendly atmosphere, largely due to its residential focus with single-family homes and limited commercial development. The community actively engages residents through farmers' markets, holiday parades, arts and crafts festivals, outdoor movie nights, and seasonal events. Summer camp programs offer a range of activities for children, including sports, arts, crafts, and field trips. With easy access to major expressways, local police, and a dedicated fire department, Miami Shores offers both convenience and a sense of security for families. 6. What is Miami Shores Known For? Often referred to as the “Village Beautiful,” Miami Shores is known for its unique blend of small-town charm, community spirit, and lush landscapes. The village features tree-lined streets and architectural diversity, with homes dating back to the 1920s and 1930s in styles such as Mediterranean, Mid-Century Modern, Art Deco, and Spanish Revival. Miami Shores has two distinct areas: Central Shores, which has a more robust energy, and the East Side, known for its tranquil coastal feel. 7. What Shopping and Dining Options Are Available in Miami Shores? Miami Shores has a revitalized downtown area offering a mix of trendy dining options, including Pura Vida, Tinta y Café, Sins Gastrobar, and Pinch Kitchen. For those willing to explore a bit further, the nearby Little River area provides additional eateries like Gaucho Ranch and Wine, Citadel, and Surrey Hills coffee shop. Additionally, upscale shopping destinations such as Bal Harbour Shops and the Miami Design District are just a 10-minute drive away, providing a range of retail and dining experiences. 8. What is the Property Tax Cost in Miami Shores? Property taxes in Miami Shores are relatively high, with a rate of 2.28% as of 2023. This places Miami Shores as the third highest in property tax rates among 18 neighborhoods in the area. These taxes contribute to local government funding and are based on the property values, reflecting the premium nature of this residential community and the quality of services and infrastructure provided. 9. Is Miami Shores Safe? Safety is a common concern for those considering moving to a new area. Miami Shores has its own local police and fire departments, unlike many other neighborhoods that rely on Miami-Dade resources. While it's advisable for potential residents to consult with the local police department for detailed information on safety, having a dedicated law enforcement presence contributes to the community's sense of security. 10. What is the Commute Like from Miami Shores to Downtown Miami? Miami Shores is conveniently located about 6 miles from downtown Miami, with a typical drive taking between 25 to 35 minutes, depending on traffic conditions. Commuters have multiple route options, including NE 2nd Ave, Biscayne Blvd, and I-95. This proximity makes Miami Shores an attractive option for those who work in the city but prefer the quieter, more residential atmosphere of the village. If you're considering a move to Miami Shores or simply want to learn more about this beautiful community, feel free to reach out. As a local expert, I'm here to help you discover all that Miami Shores has to offer. Whether you have questions about the housing market, schools, amenities, or anything else, I can provide you with the insights you need to make an informed decision. Contact me today to start your journey toward finding your dream home in Miami Shores!

Read more

  SUMMARY OF OUR 2024 MIAMI SHORES HOUSING REPORT Despite this neighborhood experiencing what ‘feels’ like a slower market, overall home values have gone up since 2023. Figures show a 7.68% increase in value with only a slight increase in inventory levels. The best metric to figure out the pace of the market is looking at the Cumulative Days on Market, which has a small change of 3 days. Even with high rates throughout the year, it shows homes were not sitting on the market for long. This can be attributed to sellers being more realistic with their prices, as the figures show a 5.4% average discount on asking price. Overall in terms of price per sqft there actually appears to be a significant increase from 2024 of $681 compared to 2023 with $594 in price per sqft. This is a change of 14%. That's great to see considering the macro events in the global economy. Miami Shores’s 2025 looks promising and residential real estate long-term prospects over the next 3-5 years is very promising due to significant population replacement with major corporate commercial construction coming to fruition. Miami is and will be a continued emerging hub for high-earning residents and businesses alike and there is major upside across most luxury markets. In the short term there is stability and in some cases corrections within specific markets. Problems focus mainly around lower level and lower quality product: old buildings and older homes particularly in high flood zone risk areas. Taking Action from 2024 Buyer and Seller Psychology As someone who deeply understands market dynamics and buyer behavior, my approach focuses on blending data analysis with insights gained from daily interactions with clients and industry professionals. By listening closely to the hundreds of buyers and sellers I engage with annually, I uncover the reasons behind these market trends. This allows me to predict shifts with greater accuracy and offer more informed guidance. In 2024, the overall sentiment among buyers can be described as cautious, with many grappling with high home prices, increased interest rates, and a lack of desirable options, leading them to hold off for the perfect opportunity. Sellers, on the other hand, face their own set of challenges, particularly the limited availability of suitable replacement properties. This scarcity often causes them to aim for top dollar, though those with less-than-perfect homes should consider adjusting their expectations to better align with current market realities. Looking ahead, a potential decline in interest rates could unleash a wave of pent-up demand, revitalizing the market and possibly driving prices up once again. For buyers, focusing on prime areas like Miami Shores, El Portal, Morningside, and Belle Meade remains a wise move, though it’s crucial to monitor interest rate trends and inventory levels closely. Notably, in Q2 and Q3 of 2024, I’ve observed a noticeable shift in seller psychology. More sellers are now realizing that pricing homes above record levels per square foot is not resonating with buyers, prompting a more realistic approach to pricing. This trend is likely to continue, making strategic pricing essential for success in today’s evolving market landscape. Click the links below if you want to speak to Peter or request a Home Equity Report Click here to share your thoughts with Peter   I want a home equity report on my home

Read more

  Which Family-Friendly Neighborhood in Miami Becoming a Destination for Buyers? Miami Shores Miami Shores is a hidden gem that seamlessly combines coastal charm, a family-friendly environment, and a vibrant community spirit, making it a top choice for homebuyers. In this article, we’ll dive into what makes Miami Shores a sought-after destination for prospective homeowners, exploring its prime location, family-oriented lifestyle, cultural offerings, and investment potential.  *Read the 10 Most Googled Questions on Miami Shores here Prime Location and Easy Accessibility Nestled in a prime spot, Miami Shores offers convenient access to key areas of Miami. Bordering I-95, it provides seamless north-south connectivity, making commutes a breeze. Located just 8 miles north of downtown Miami and Brickell, residents enjoy the proximity to the city's bustling core while still savoring the tranquility of a residential neighborhood. To the east, Miami Beach is easily accessible via the Biscayne Bay Causeway, offering quick routes to the vibrant North Beach area. Surrounding communities include El Portal, Morningside, Belle Meade to the south, and Biscayne Park and North Miami to the north.                                     A Close-Knit Community Atmosphere Miami Shores is known for its warm and welcoming community spirit. Residents frequently come together for neighborhood events, block parties, and festivals, fostering a sense of belonging and creating lifelong connections. The streets, lined with well-maintained homes, add to the neighborhood's charm, offering a safe and inviting environment that is perfect for families. Family-Friendly Living Families are drawn to Miami Shores for its exceptional amenities and educational opportunities. The area is home to top-rated public and private schools, including Miami Country Day School and St. Rose of Lima School. Additionally, Barry University, a prestigious four-year private university, is located right in the neighborhood. Miami Shores is also rich in family-oriented amenities. The neighborhood boasts numerous parks and playgrounds, along with community centers offering programs and activities tailored for children and families. Exclusive perks for residents include the Miami Shores Recreation Center, which features private swimming pools, tennis courts, and sports fields. For golf enthusiasts, the Miami Shores Country Club offers an 18-hole course, a driving range, and a dine-in restaurant, catering to players of all skill levels. Investment Potential Beyond its community charm and scenic appeal, Miami Shores offers promising real estate investment potential. Compared to other single-family home markets like Coconut Grove, Coral Gables, and Pinecrest, Miami Shores stands out as one of the more affordable options. The neighborhood has experienced significant growth and appreciation in recent years, thanks to its coastal location along Biscayne Bay and its picturesque, tree-lined streets filled with Spanish-Mediterranean-style homes. Home prices in Miami Shores range from an entry point of around $900,000, with the average home costing approximately $1.25 million. For those looking for new construction, prices can range from $3 to $5 million, offering a diverse range of options for prospective buyers.  *Read THE Q1-Q3 HOUSING REPORT FOR MIAMI SHORES Learn More About Miami Shores Curious about the economic performance of Miami Shores, the most sought-after streets, or how property values have appreciated since 2020? Feel free to call or email me for detailed insights and personalized assistance. As a local real estate expert, I am here to help you explore Miami Shores and guide you toward making an informed decision for your next home.

Read more

  Building a Home in Miami Shores: Costs, Timelines and Upsides of a Custom Home  This article focuses on the costs, timelines, and other questions you might have regarding Building A Custom House in Miami Shores. At the end of this article, you’ll understand if it financially makes more sense to buy a custom-built home or build one yourself instead. How Much Does It Cost to Build a House in Miami Shores? Building a house, especially a high-end custom home, starts at $650 per square foot. It’s important to note that this cost is calculated based on the gross square footage, not just the air-conditioned space. This comprehensive rate covers all aspects, from tiles and lighting to millwork and flooring, ensuring a fully finished home. While the minimum cost per square foot is $650, it can go up to $1,000 per square foot or even higher. Custom homes come with a higher price per square foot, but the value they offer is unquestionably worth it, often commanding significantly higher selling prices. While custom homes do carry a higher per square foot price tag, I am committed to providing guidance on what makes financial sense. I can offer insights into market caps and estimated selling prices based on your desired finishes. I prioritize transparency and won’t encourage overspending. As your agent, I’ll help you determine your spending ceiling, ensuring you build a home you love and can profitably sell when the time comes. Is it Cheaper to Build or Buy a Luxury House? In prime areas, the price of purchasing a ready-made home has seen a remarkable surge. Compared to the previous year, property values have risen by 20% to 30%, and the increase is a staggering 50% when we look back just two years. Despite this surge in demand, our market is experiencing a significant shortage of newly built homes, even though a massive 90% of buyers are actively seeking new properties. At present, the cost of a custom-built home on a dry lot can fall within the range of $900 to $1,400 per square foot. If you have your sights set on a custom waterfront home, you should be prepared for expenses ranging from $1,700 to even $2,500 per square foot. Considering these price points, building a house in Miami Shores can often be the more financially prudent choice. Is This the Right Time to Build a Custom Home? From a real estate perspective and considering market analysis, my unequivocal recommendation is to opt for the construction of a custom home. This choice not only aligns with sound financial principles but also avoids overpaying for someone else’s efforts and time. The current state of the market is characterized by extraordinary property values, making it an opportune moment for the creation of luxurious custom homes. The demand for such homes has surged, resulting in sales prices that are now 50% higher than pre-pandemic levels. Exemplary custom homes, particularly those with meticulous finishes, consistently command prices that exceed expectations and set new records. Given the scarcity of such properties, buyers are willing to invest generously in acquiring them. Therefore, even if the construction cost averages around $800 per square foot, the potential for selling at $1,4000 or higher per square foot represents a remarkable 75% profit margin. * Read the Housing Report 2024:Q1-Q3 to see if home values have gone up or down The Process of Building a Custom House Step 1: Land Selection It’s essential to be aware of varying regulations, including restrictions on the percentage of land you can build on. Finding the perfect land can be challenging in the Shores therefore I often explore off-market opportunities. Step 2: Assembling Your Dream Team  Assemble a team: designer, architect, and General Contractor. Involve the designer early to align architectural and interior design, preventing delays and extra costs. Early collaboration avoids complications and overspending. Step 3: Design and Sketches Now, you’ll dive into the design process, with your team providing full designs and sketches of your future home. This stage usually involves a two-month back-and-forth process before final plans are ready. Step 4: Refining the Details With your schematic designs in hand, the next step delves into the finer details of your home, including interiors, exteriors, materials, and finishes. You’ll also engage electro-mechanical consultants and structural engineers to bring your design to life and prepare for city submissions. This phase typically spans 8 to 10 months. Step 5: The Permitting Process The next stage involves obtaining the necessary permits, which requires submitting your team’s plans to the city for approval. Typically, permitting takes 8 to 10 months, following the design phase, resulting in an 18-month timeframe from design to permitting. Step 6: Demolition and Ground Preparation Demolishing a home is straightforward; permits take a few weeks. Plan utility disconnection two months ahead to avoid delays. Careful pre-construction planning is essential. Step 7: Construction and Interior Finishing Home construction takes around 18 months. Initial phase (6-8 months) builds the shell, including roof, doors, and plumbing. Next, 8 months finish interiors, plumbing, electrical, and millwork. Final Recommendations Before you Start Building  1. Understanding the economic context is vital when making your decisions. Make sure that the chosen location can accommodate the type of property you aim to build. Cutting corners is not advisable when building high-end custom homes, as discerning buyers are willing to invest in quality. Quality supply is limited, and well-executed homes consistently attract potential buyers. 2. Selecting the right team from the very beginning is crucial. It’s not just about the numbers; it’s about choosing a team with a proven track record, extensive experience, and a demonstrated ability to work cohesively. Checking their references is essential, and it’s a wise practice to speak with previous clients about their punctuality and adherence to budget. Working on high-end homes with top-tier finishes necessitates skilled labor, which can be challenging to secure. In Miami, finding artisanal labor is not always straightforward. Successful teams have a closely-knit, in-house workforce, minimizing reliance on subcontractors. 3. When it comes to interior design, it’s important to set realistic expectations. It’s vital to differentiate between knowing your preferences and being prepared to invest in them. It’s not uncommon for buyers to opt for the lowest quote, only to later discover unexpected delays and increased costs. Building a home has many challenges, however, it can see some of the biggest rewards and yields in real estate investing. Often, paying for someone else's work can come at a premium, with the downside of not loving the home. Building your custom home has its benefits: built to taste, greater yield, and location. If you are considering building a home vs buying a move-in ready home, please give me a call at 617-733-2519 and we can chat about the pros and cons of both. As always, please read the other articles about Miami Shores on our recent blogs.

Read more

Forecasts the Miami Real Estate Market  Introduction to the 2024 Predictions   In this blog post, we explore the Miami real estate market’s outlook for 2023 and 2024. We delve into the state of the Miami Real Estate Market in 2023, and examine both the luxury condo market and the housing market. We highlight the prime areas to consider for living and investment in 2024, and what areas or markets to avoid. Our track record reflects a consistent ability to accurately forecast market trends, guiding readers on what to invest in and what to steer clear of. Today, we provide insights into the transition from the 2023 market to 2024. What is Happening with the Miami Real Estate Market in 2023? Inventory is Low, Prices are Up While there was a surge in both volume and prices, this trend is not expected to be perpetual. In 2022, the Miami real estate market witnessed record-high prices, and there was concern that increasing interest rates would weaken it. Surprisingly, prices either continued to rise or remained stable in most markets. The luxury market, in particular, did not lose any of its strength. The reality is that we are dealing with low levels of inventory and high demand. There are many buyers who are waiting to jump on opportunities. The Miami luxury condo market faces high demand with lots of buyers waiting for an opportunity. One of the Miami real estate predictions is that any potential interest rate decrease could spark a market surge as sidelined capital is unleashed. According to NAR, we are still in the expansion phase of the real estate cycle. Given we are not building sufficient housing units to cover the 4 million in shortage, we do not expect to enter the hyper-supply phase any time soon.  The Luxury Market Sees the Highest Growth A trend seen is that the higher the price per SF, the more drastic the price changes have been since Covid (Sometimes a shocking 400% higher). We are talking about properties that sell for $1,000 per SF or more. These are the newer, prime properties in prime locations such as Coral Gables, Coconut Grove, Pinecrest, or Miami Beach. Dry lot homes in Coral Gables or Coconut Grove (brand new or from the last 8 years) Trading for $1,000-$1,400 per SF, pre-Covid these numbers were $400 to $700 Homes in Gated Communities  Trading between $1,000 to $2,000 per SF, pre-Covid this was $500- $800 Waterfront Homes Trading between $2,000 and $4,000 per SF. Pre-Covid a $2,000 SF+ sale was an anomaly Migration in Ongoing Migration has slowed down, but that is compared to the levels of 2021/2022. We still get many relocation requests. We are at the start of becoming a new capital of the world and there is so much cash moving into Miami.  There are several indicators pointing to the fact that Miami’s net migration is still stronger than it was before the onset of the COVID-19 pandemic. For instance, in 2023, we’ve seen a significant uptick in license plate changes, indicating a noteworthy influx of new residents. What’s especially noteworthy is the influx of young people and businesses into the city, a vital factor in its ongoing economic evolution. The introduction of new talent into the workforce is a significant driver of this transformation.                         High Earning Households Are Moving to Florida ranked by net migration   Attracting Major Corporations Notably, Miami has attracted major corporations like Citadel and witnessed a surge in technology and business ventures. It’s safe to say that the city is still in the early stages of establishing itself as a formidable economic engine within the United States. Wealth continues to flow into Miami, showing no signs of slowing down. A remarkable statistic is the number of new business applications per capita over the past year, which surpasses that of any other city. This trend represents a genuine force driving Miami’s economic growth. It’s not just about individuals seeking a haven for their pensions or a place to park their money. Miami has transformed into a place where people come to generate wealth actively, altering its perception. Miami Real Estate Predictions: Best Places to Invest/Live in Miami? So once you decide to invest in Miami where do you go? Basically all around the urban core (30/40 min drive) is a prime location. We are talking about Miami Shores, Coral Gables, Coconut Grove, Pinecrest, or Miami Beach. Miami is a relatively easy commutable city and where you want to live is more of a personal choice. These areas however offer prime real estate and are close to A-rated schools and the downtown area. More and more people are now buying a condo as a primary residence, while before these were considered more for the investment market. As the Miami housing market is drying up, buyers are targeting large condos that can replace a single-family home. The luxury condo market is up 30% in the last 12 months as the supply for large residences has dried up. Those that can’t find a home will look at large condos and they are extremely limited. We are talking about the real luxury condos, prime units in the condos are extremely hard to come by. The supply of new products is also extremely limited. Although new condos are answering this gap in the market we will only see 1100 new units coming in in the next year and 4400 in the following 4 years if all goes according to plan. That is not enough to answer the demand. Building a home takes even longer around 2.5 to 3.5 years. Miami Real Estate Predictions: What Miami Real Estate Poses Most Risk? Risks in the Condo Markets When considering real estate investments in Miami, it’s crucial to exercise caution, especially when dealing with older buildings. The collapse of Champlain Towers resulted in a reduction of the assessment period from 40 to 25 years, underscoring the need for maintenance and renovations in aging condominiums. Many of these older condo complexes will inevitably require significant repair work. For some condo owners, meeting the financial demands of these assessments, which can easily reach millions of dollars, can pose a considerable challenge. In such cases, developers often step in to purchase these condos, taking advantage of the potential risk associated with older properties. With the new reserve rule in place, which mandates the presence of financial reserves to cover these assessments, associations are striving to be well-managed. However, the inherent risk remains substantial. We thoroughly evaluate various aspects of a condo, including its finishes, location, amenities, floor plans, and financial aspects. The importance of effective management cannot be overstated, as numerous pitfalls can arise when it is not handled properly. If management fails to acknowledge reality or hasn’t allocated sufficient funds when necessary, it could ultimately lead to long-term difficulties for the property owners. In the current market, buyers face challenges in finding new condos, especially in the $3 million to $5 million price range in Miami Beach. This shortage often directs attention towards older condominiums. It’s essential to clarify that we don’t advise avoiding all older condos. We emphasize however, the importance of caution and thorough research. Risks in the Single-Family Markets When it comes to homes, I warn buyers of homes in flood zones in Miami Beach, Coconut Grove, or Coral Gables. Older homes are experiencing large increases in insurance premiums. These premiums can go up to $50K/$60K, superseding your annual taxes. Therefore, you should avoid older homes (even renovated homes) in the flood zone. If you want to be on the water look for a new home built according to the latest code.  Conclusion Years analyzing real estate markets, I feel confident to know what drives this market and what to expect in the year to come. We have strong confidence in the robustness of this market, and Miami remains a consistent magnet for corporations and affluent individuals looking to relocate. The demand for Miami real estate is substantial, but the availability of properties is constrained. Both buyers and sellers are anticipating a drop in interest rates, and when that occurs, we expect the market to experience another surge. The luxury market offers high appreciation potential for both condos and homes. Please really consider the message above and when it comes time to invest in Miami, I hope you pick up the phone and have a direct conversation with me about the pros and cons of homes and condos in Miami. I look forward to the truth as it's the only way buyers and clients will be able to make highly safe investments. 

Read more

Stunningly Scarce Inventory Breaks Market Trends | MIAMI SHORES EDITION Miami Shores is not immune to the general Miami real estate market trend. Sellers are cautious about selling due to higher rates when purchasing their next home. Buyers are prudent in buying for the same reason. I’ve knocked on hundreds of doors in the neighborhood in the past month speaking to residents about selling. The common reaction is “Where am I going to go?”. The concern isn’t a lack of awareness of where to move, but a fear if they sell they’ll be faced with higher mortgage payments which will bring their home affordability down. It’s obvious in the real estate world that interest rates have hit their all-time high in the past 20 years, reaching 8% couple of weeks. Looking back to last October of 2022, rates were hovering around 7%, and a year before near 3.5%. You might be assuming home prices have decreased from the rate hike, as anyone would predict when looking at historical trends. What if I told you the opposite has occurred? Home prices in Miami Shores have gone up 9.5% from October 2022 to October 2023. ***Read the Housing Report 2024: Miami Shores How could this be possible? Simple. Inventory levels are at some of the lowest levels we’ve seen and are keeping prices steady. Last year this time there were 4.5 months of supply, whereas in October 2023, there were 3 months. Supply is getting chopped down, fewer homeowners are wanting to sell, and demand is still sparking. Home values on average are at $1.293M in October 2023, up 12.9% when compared to October 2022. New construction homes can’t catch up to meet demand. There are only 2 available new construction homes on the market right now with another 5-7 lots being developed as we speak. Who’s to say those will be for resale, most likely for the homeowner to live in themselves? They are available on average between $1,200 to $1,500 per sqft with lots averaging 10,000-15,000 sqft. A couple of homes overlooking the bay have been sold these past few months, selling on an average of $1,700 per sqft for a teardown or project. My Advice to Sellers There must be a known need to move. I call it the 5 D’s: Death, Divorce, Diapers, Downsize, Debt. A changing life occasion will be the motivating factor to enter the market to sell and find a new home. That’s not to say if retirement is on the horizon, now is the best time to sell your home. My Advice to Buyers Don’t get caught up trying to time the market. I recognize home affordability is harder since rates are at an all-time high. Instead, be motivated to purchase according to your financial budget. Plan on what you can afford as a monthly payment and target home prices that will meet that criteria. Work with your real estate agent to create a plan around affordability. This will eliminate any strain on chasing rates. The good news, home prices may level off and start seeing reductions, helping you win a home on your terms. As to the future, when rates do come down, be prepared for home prices to shoot up again, causing another surge in values.  

Read more