Douglas Enclave Blog
We are in the middle of “the year of cold feet,” with would-be homebuyers backing out of purchases due to fears of losing their jobs – among other reasons. In the Miami market, these skittish individuals are opting to rent at buildings like Douglas Enclave now and wait for a more comfortable time to buy. ...
The decision to rent over buy is not just about affordability. Reports show that millionaires are continuing a long-term trend of renting for a variety of reasons. Kiplinger writer Dori Zinn examined the significant increase in millionaire renters throughout the U.S. and found that the following factors drove their choice: “high housing costs, better investment ...
Miami now has the dubious distinction of being the nation’s leader in frustrated home sellers pulling their listings off the market, a new report shows. This comes as housing prices remain stubbornly elevated in Miami, which reinforces why renting is the smart choice today. For every 100 for-sale listings in Miami, 59 of them are ...
It has become nearly impossible for aspiring condominium buyers to afford the purchase of even a one-bedroom unit in Miami, given the intense regulatory requirements for owners to fund condo association reserves, repairs and recertification compliance. New reports from the Miami Herald show that recent tweaks to post-Surfside condo safety law reforms are not making ...
In South Florida – especially Miami, renting is the obvious choice over buying for the foreseeable future. A new report emphasizes this trend by showing how frustrated local sellers are “yanking” their homes off the market, making an already tight market even tighter. MarketWatch, citing data from Realtor.com, reports that delistings are rising faster than the number of ...
A little-known home equity tax could further stall the for-sale housing market, keeping much-needed new inventory on the shelf, a new report shows. That reinforces the major edge renting has in the ongoing rent v. buy debate. Realtor.com notes that “millions of American homeowners are sitting on a hidden tax burden they never planned for – one that ...
The Federal Reserve held the line on the benchmark interest rate during its June meeting, keeping the for-sale housing market in a holding pattern for the time being. This means renting continues to be the right move, especially in the Miami market. Without a substantial rate cut, mortgage rates will remain elevated. Pricing relief does ...
While there are many obvious financial benefits to renting instead of buying in today’s housing market, other compelling factors further strengthen the case to rent now. The combination of monetary and intangible benefits is especially evident at brand-new Miami apartment building Douglas Enclave. On the financial side, the Federal Reserve’s continued unwillingness to reduce the ...
In Miami, renting a brand-new apartment at Douglas Enclave makes much more sense than buying for many reasons. The case for renting goes way beyond expenses, but that is certainly a pivotal factor. There has been a flurry of recent media coverage about stubbornly elevated mortgage rates and the increasingly fleeting American dream of homeownership. ...
There is great news for those seeking an attainably priced apartment in Miami without having to compromise on amenities, location and lifestyle. Brand-new Miami apartment building Douglas Enclave is offering exactly that through its limited collection of studio apartments. Douglas Enclave’s studios are available for $1,995/month – an unbeatable monthly rent in the Magic City. ...