Helping Buyers, Sellers and investors reach their goals for over 20 years.

Dear Friends,

 

After much work and trials and errors we are very pleased to launch this new web site made for easy navigation and searches for you.  We are always looking for input so if you have any questions or comments we would welcome them.  We strive to get only to give the best to our community.  Look forward to hearing from you soon.  

Take Care,

April 23, 2014

Bank of America weekly update for April 23,2014


 

 


April 23, 2014

Holiday Issue

I hope you have been enjoying the WEEKLY ECONOMIC SUMMARY. Your next full issue will arrive next week. In the meantime, see the article below for spring lawn and garden tips that you can share with your clients and colleagues. 

 

Freebies for Your Lawn and Garden
You might not have to spend a cent to make your yard look great.

By Cameron Huddleston, Kiplinger.com

After a long, harsh winter, your garden might be in desperate need of some TLC. If you received a tax refund, you might want to put that money to use sprucing up your yard to improve your home’s curb appeal. But don’t despair if you don’t have extra cash to improve your lawn and garden. There are several freebies that can help you get the green space around your home looking great.

Free trees. Some local governments give away trees (typically seedlings) as part of Arbor Day celebrations. National Arbor Day is the last Friday in April, but many states observe it on different days. Check your local government’s web site to find out if it is giving away trees as part of an Arbor Day celebration.

Utility companies also offer customers free trees throughout the year to help reduce energy use through strategic planting, so check to see if your power company offers such a program.

You can get ten free trees when you join the Arbor Day Foundation. Membership is $10, so the trees technically aren’t free -- but it’s a small amount to pay for so many trees. Plus, your membership entitles you to a 33% discount on trees when you buy online from the foundation.

Free mulch. Many cities, counties and utility companies offer residents free mulch made from recycled leaves or wood from tree trimmings and tree removals if you pick it up. Some actually deliver the mulch for free.

Free seeds. The National Gardening Association has a seed swap forum that allows people to find seeds they want or share extra seeds with others. Fill out an online swap form to specify the seeds you want, and the association will contact you when someone can provide those seeds. Ideally, it should be a two-way exchange, but you don’t have to have seeds to swap in order to receive some.

Free fertilizer. Americans spend $5.25 billion on fertilizers for their lawns, according to the Environmental Protection Agency. Yet, you can get fertilizer for free by composting leaves, grass clippings, vegetable scraps and other organic waste. See the Eartheasy.com guide to composting to learn more.

Free gardening advice. You don’t have to spend a lot of money on gardening guides when you can get information for free from your local cooperative extension office. The U.S. Department of Agriculture has an interactive map that can help you find the office closest to you.

Free tools. Some cities have tool lending libraries that let residents borrow a variety of tools -- including garden tools -- for free. Check this list to see if there’s one near you, but note that some of these libraries require a membership fee. Or you can check Freecylce.org -- a nonprofit network of people offering items they no longer want for free -- to see if anyone in your community is giving away garden tools.

Reprinted with permission. All Contents ©2014 The Kiplinger Washington Editors.Kiplinger.com.



In the news this week (April 21 - 25, 2014)


Table Source: Vantage Production, LLC

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April 16, 2014

Parque Towers Beautiful Building with 5 Star Amenities

 A brief contact to let you know that we are selling fast. There are only 4 units left, in Tower 5, with 2b/3b/den/ , with  this beautiful water view, picture attached.(lines 4 and 6)

Tower 5

Units with 2b/3 b/den, with 1860 sqft, South view overlooking the Canal. Fantastic unobstructed view.

5-704=$865,000

5- 806=$875,000

5-1004=$895,000

5-1106= 905,000

 Displaying Parque Towers-Kenny.png

 

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April 16, 2014

Bank of America weekly update for April 16,2014

 

 


April 16, 2014

Last Week in Review

While last week’s economic calendar may have started off on the quiet side, the news picked up steam in the second half of the week. Read on for the highlights.


Table Source: Vantage Production, LLC


There was good news in the labor markets, as weekly initial jobless claims fell by 32,000 in the latest week to 300,000. This was near a seven-year low and a signal that the labor markets may be coming out of hibernation. In addition the four-week moving average of claims, which irons out seasonal abnormalities, also fell. Meanwhile, the Consumer Sentiment Index for April came in above expectations, showing that consumers are feeling positive about the economy.

The housing sector also had positive news to report, as foreclosure activity across the nation continues to decline. RealtyTrac reported that foreclosure filings fell to the lowest level since the second quarter of 2007. In addition, March was the forty-second consecutive month where foreclosure activity decreased from the previous year, with foreclosure filings declining by 23 percent from March 2013 to March 2014.

What does this mean for home loan rates? Typically good news helps stocks improve at the expense of bonds, including mortgage bonds (the type of bonds on which home loan rates are based). However, bonds and home loan rates improved last week as the stock market corrected from recent gains.  
 
In addition, the minutes from the March meeting of the Federal Open Market Committee imply that the Fed will continue tapering its bond and Treasury purchases this year. Remember that the Fed is now purchasing $30 billion in Treasuries and $25 billion in Mortgage Bonds to help stimulate the economy and housing market. This is down from the original $85 billion per month that the Fed had been purchasing. Additional tapering of these purchases will continue to impact our economy and home loan rates as we move ahead this year, and this is an important story to monitor.

 

Forecase for the Week

This week features an array of reports touching on key segments of the economy. 

  • Economic data came right out of the gate on Monday with Retail Sales, which is a measure of consumer spending.  
  • On Tuesday, we got a read on inflation at the consumer level with the Consumer Price Index.  
  • Key manufacturing data came out on Tuesday also, with the Empire State Index, followed by the Philadelphia Fed Index on Thursday.   
  • Housing numbers from the National Association of Home Builders  Housing Market Indexwere reported on Tuesday, while Housing Starts and Building Permits for March follow on Wednesday. These reports may show if the soft numbers earlier this year were due to the harsh winter weather—or if they were the start of a downtrend.  
  • As usual, weekly Initial Jobless Claims will be released on Thursday.

All capital markets will be closed on Friday in observance of Good Friday. In addition, the bond markets will close early on Thursday at 2:00 p.m. EDT.

As you can see in the chart below, foreclosure activity continues to decline. With more housing reports ahead this week, it will be interesting to see if the sector shows strong numbers after the harsh weather’s impact earlier this year.

Chart: RealtyTrac Foreclosure Report


Table Source: Vantage Production, LLC

In the news this week (April 14 - 18, 2014)


Table Source: Vantage Production, LLC

 

-- 

Kenny Raymond PA
The Raymond International Realty Group
Berkshire Hathaway HomeServices Florida Realty
Realtor/Associate
(786)443-9649 (cell)
(305)675-2695 (Fax)
SEARCH THE MLS LIKE AN AGENT FOR FREE:
www.kennyraymond.listingbook.com

825 Arthur Godfrey Rd- 2nd Floor, Miami Beach, FL 33140
Prudential's 2009-2012  year Legend award- Top 10  teams & Chairman's Platinum Circle 
 
Information deemed reliable but not guaranteed

 

 

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April 14, 2014

Raleigh sale to Tommy Hilfiger close

Raleigh sale to Tommy Hilfiger closes

HSAMPSON@MIAMIHERALD.COM

Fashion designer Tommy Hilfiger’s purchase of the iconic Raleigh Hotel closed Friday.

The purchase price for the 105-room hotel at 1775 Collins Ave. has not been disclosed. The property last sold in December of 2012 for $55 million to David Edelstein, developer and owner of the W South Beach, and Sam Nazarian, the founder, chairman and CEO of Los Angeles-based sbe.

A “transformational renovation” is planned for the hotel, which will remain under the management of sbe. Commercial real estate investment banking firm HFF, which marketed the property on behalf of he owners, announced Friday that the deal had closed.

Max Comess, a director in the hotel group at HFF, said in an interview that Hilfiger’s purchase — as well as sales of the St. Regis Bal Harbour and under-construction Edition hotel in Miami Beach in the last several months — show how important the region has become to hotel investors.

“These investors are willing to take big bets in Miami,” he said. “It’s really key to their overall global brand growth strategy. If you’re not in Miami Beach, it’s hard to be taken seriously on the global scale as either a brand or international hotel investor.”


Read more here: http://www.miamiherald.com/2014/04/11/4054031/raleigh-sale-to-tommy-hilfiger.html#storylink=cpy

 

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April 10, 2014

The Raymond International Group Recoginzed as a Chairmans Cirle Platinum Award and #7 team in the Company

We would like to thank everyone who have helped us achieve the success we have had again.  We will continue to strive to give the best all around Real Estate Services anyone can provide.  This is our pledge to all we work with.  There are many Realtors to choose from but we promise to always be by your side and always available to answer and help you with any of your Real Estate needs.   We have always had the best interest in our customers in mind which we believe shows in our continued success.

A special thank you to Donna Lancaster, Adriana Kambe and our COO Rei Mesa for providing us with great support, and always being there for us.

We are very proud to be the Top 1% of all Berkshire Hathaway Affiliates and number 7 Team in the Company for the 2nd year in a row.  Berkshire Hathaway Homeservices Florida Realty has over 2000 agents in over 40 offices statewide.

 

 

COO of Berkshire Hathaway Homeservices Florida Realty Rei Mesa and Kenny Raymond of the Raymond International Group.

 

Kenny Raymond PA
The Raymond International Realty Group
Berkshire Hathaway HomeServices Florida Realty
Realtor/Associate

(786)443-9649 (cell)

(305)675-2695 (Fax)

 

 

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April 9, 2014

Villas at Bay Harbor 3-5 Bedrooms Starting at $699,000 and $200persqft

These are located at 1150 98th Street in Bay Harbor Island.  Prices Starting at $699,000.00. For the investor some of these units will are already rented. There are 18 units in this project.  Please let me know if you have any questions if you would like more information I can send you floor plans and exact pricing.
• High ceilings in all living rooms and
bedrooms
• Impact-resistant glass
• ground floor terrace and patio
• rooftop terrace
• Private double carport
• 2 individual central aC/heating systems
• 2 water heater
• Primed paint-ready textured walls
• large laundry room with washer and 
 dryer, and utility sink
• Pre-wired for cable and phone
• Private elevators
• spacious walk-in closets
Inline image 2Inline image 3
Inline image 4
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Kitchen Features
• Custom-crafted, Italian cabinetry with 
 glass accents
• sub-Zero 48” refrigerator/freezer with ice 
 and water dispenser
• stainless steel ge ProfileTm appliances
• stainless steel ge hoods and sinks
• granite Countertops
laundry Room
• ge ProfileTm washer and dryer
Master Bath Features
• Imported marble floors and shower area
• Custom-crafted Italian cabinetry
• marble vanity top
• Bain ultra whirpool Thalassa tub
• mounted top toilet and bidet
• Jado faucets


Regards.

 

Kenny Raymond PA
The Raymond International Realty Group
Berkshire Hathaway HomeServices Florida Realty
Realtor/Associate
(786)443-9649 (cell) SEARCH THE MLS LIKE AN AGENT FOR FREE:
www.kennyraymond.listingbook.com

825 Arthur Godfrey Rd- 2nd Floor, Miami Beach, FL 33140
Prudential's 2009-2012  year Legend award- Top 10  teams & Chairman's Platinum Circle 
 
Information deemed reliable but not guaranteed.
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April 9, 2014

Bank of America weekly update for April 9, 2014

 


April 9, 2014

Last Week in Review

Economic news was generally positive last week, starting with the Jobs Report for March. Read on for the details.


Table Source: Vantage Production, LLC


The Labor Department reported that 192,000 jobs were created in March, as much of the country thaws out from the extreme winter weather. This was in line with expectations, and it’s a strong number given the reported number of jobs created in recent months. In addition, the figures for January and February were revised higher by 37,000 jobs.

The unemployment rate ticked up to 6.7 percent from 6.6 percent, while the more important labor force participation rate (LFPR) rose to 63.2 percent from 63 percent. Though the increase is positive, it remains near 35-year lows. The LFPR measures the proportion of working-age Americans who have a job or are looking for one, and it should be moving higher in a recovery.

In housing news, CoreLogic reported that home prices (including distressed sales) rose by 12.2 percent from February 2013 to February 2014. This represents 24 months of consecutive year-over-year increases. In addition, from January to February, prices were up 0.8 percent. However, despite the rosy gains, prices are still nearly 17 percent below their peak set in April 2006. The big gains from 2013 are starting to cool and return to more normal historical levels.

What does this mean for home loan rates? The Fed is now purchasing $30 billion in Treasuries and $25 billion in mortgage bonds (the type of bonds on which home loan rates are based) to help stimulate the economy and housing market. This is down from the original $85 billion per month that the Fed had been purchasing. The Fed will be closely watching upcoming reports, especially in the labor and housing markets, as it evaluates the timing of further tapering. These decisions will continue to impact our economy and home loan rates as we move ahead this year.

The bottom line is that now remains a great time to consider a home purchase or refinance, as home loan rates remain attractive compared to historical levels. Let me know if I can answer any questions at all for you or your clients.

 

Forecase for the Week

After last week’s busy economic calendar, economic reports don’t begin until Thursday this week

  • As usual, weekly Initial Jobless Claims will be released on Thursday. Last week’s claims jumped unexpectedly by 16,000, reaching a one-month high.   
  • On Friday, look for news on inflation at the wholesale level with the Producer Price Index. The Consumer Sentiment Index will also be released.  

In addition, the minutes from the March Federal Open Market Committee (FOMC) meeting will be released on Wednesday, and they could provide more insight regarding tapering and the Fed’s bond buying program. 

As you can see in the chart below, Corelogic reported that home prices rose by 12.2 percent from February 2013 to February 2014. This was a big change from the 9.95 percent increase from February 2012 to February 2013. Corelogic also forecast that home prices could rise by 10.5 percent year-over-year in March. 

Chart: CoreLogic Home Price Index


Table Source: Vantage Production, LLC

The Power of “Listening Slowly”

As a sales professional or service provider, you often meet with new clients and referral partners. But even if your questions are thorough, people may occasionally give vague or incomplete answers that, when left unexplored, could significantly impact both the guidance and service you give them.

In the book, Change-Friendly Leadership, management coach Rodger Dean Duncan suggests you try a technique called listening slowly, which Duncan learned directly from PBS NewsHour anchor Jim Lehrer.

“He urged me to ask a good question,” says Duncan, “listen attentively to the answer, and then count silently to five before asking another question. At first that suggestion seemed silly. I argued that five seconds would seem like an eternity to wait after someone responds to a question. Then it occurred to me: Of course it would seem like an eternity, because our natural tendency is to fill a void with sound, usually that of our own voice.”

So, how can this technique help you in meetings? When people are left with a few moments of silence, you’ll be amazed at how often and how quickly they will offer more information that can help you better serve them.

Of course, you don’t want to pause for five seconds after every single question—strictly factual and yes-or-no questions are fine as they are. But when you’re looking for a deeper-level answer, an opinion, or an expanded view into a person’s thoughts or needs, try incorporating the magic of listening slowly into your client meetings.

Please feel free to pass this tip along to your team and colleagues.

In the news this week (April 7 - 11, 2014)

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April 7, 2014

American optimism trends higher as home buying season starts

Lending

American optimism trends higher as home buying season starts

38% say now is a good time to sell

balloon takeoff

As the market enters the spring homebuying season, more homeowners are beginning to think now is a good time to sell a home, in addition to it being easier to get a mortgage, a government agency said.

According the latest Fannie Mae National Housing Survey, the share of respondents who say it is a good time to sell a home escalated to 38% in March, up from 26% for the same period a year ago.

Meanwhile, 52% of people believe it is easy to get a mortgage today, compared to 47% a year ago, matching the all-time survey high.

Americans are also beginning to feel more confident about their financial situation, with the percentage of people who expect their financial situation to worsen during the next 12 months dropping from 21% in 2013 to 12% in March.

On top of this, the share of people who say their personal financial situation improved during the past year reached an all-time survey high of 40%.

“The housing recovery continues to proceed in fits and starts. Rising mortgage rates and a lack of supply have dampened housing market momentum,” said Doug Duncan, senior vice president and chief economist at Fannie Mae.

“However, we see several positive signs going into this year’s spring home buying season, compared with last year. For example, consumers are less pessimistic about their personal finances, and more optimistic about the current selling environment and their ability to get a mortgage,” Duncan said.  

As noted in the Monday Morning Cup of Coffee, between reports from homebuilders, mortgage insurers and brokers, it looks like demand in the residential housing market is picking up, opening the door for broader acceleration compared to the slow growth that has been pulling the economy.

“Still, those who are pessimistic about buying or selling a home today tend to point to economic conditions as the primary issue, and most consumers continue to say the economy is on the wrong track,” Duncan said.  

In addition, the percentage of respondents who say home prices will increase in the next 12 months declined slightly to 48%, while the amount of people who say home process will go down dropped to 5%: an all-time survey low.

“Looking forward, we expect to see a pickup in economic growth later in the year, and this may boost the confidence of prospective buyers and sellers,” Duncan added.

Overall, more people are starting to think the economy is improving, with the share of respondents saying it is on the right track decreasing 2 percentage points from 33% last month.

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April 7, 2014

$29 million home sale sets Star Island record

REAL ESTATE

$29 million home sale sets Star Island record

 
 
A new contemporary-style mansion at 30 Star Island sold for $29 million. Agents Jill Eber and Jill Hertzberg of The Jills Team at Coldwell Banker say the island is in keen demand among high-end house hunters.
A new contemporary-style mansion at 30 Star Island sold for $29 million. 
LUIS TRAVIESO

MBRANNIGAN@MIAMIHERALD.COM

A new contemporary-style mansion at 30 Star Island Dr. sold Friday for $29 million, the highest price recorded for the Miami Beach island.

The seller of 15 Star Island was Alfonso C. Rey, founder and chairman of Miami-based Centurion Air Cargo, and the buyer was George Lindemann, a Palm Beach investor who is No. 488 on Forbes magazine’s list of billionaires with assets listed at $3.4 billion.

The latest sale at 30 Star Island is a spectacular, 16,000-square-foot estate, also on a 40,000-square-foot lot, with glass walls to take advantage of the views of Biscayne Bay. It has 11 bedrooms, 11 full and 2 half baths, and an 1,800-square-foot guest house with a private pool. The main home has a spa bathroom off the master suite, a theater, a gym, a gourmet chef’s kitchen, an elevator, a rooftop deck, a cabana and a five-car garage.

The sale was below the asking price of $35 million.

Several other properties on the island changed hands recently. Rosie O’Donnell sold her place there in 2013.

 

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