Posted in Uncategorized

The Dynamic Nature of the Hospitality Industry

Whatever impresses clients today will be considered boring tomorrow. Take an old “Art Deco” hotel and modernize the interior, like this lobby at The Essex House in South Beach, and you will have reinvented yourself for the present time.

20140711-142048-51648920.jpg By scanning the remote environment for emerging trends, you can pinpoint what customers want and reinvent yourself time & time again. Because the only way to thrive in an overly-saturated hospitality market, like South Beach, is to evolve. The only thing you can always expect to be constant in life – is change.

Posted in Real Estate Investing

June – a slow month for Home Sales

 (increasing mortgage rates) “…may have taken some of the steam out of the market.”

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After hitting a 3.5 year record high, home sales took a dip of 1.2% in sales to an annual rate of 5.08 million home sales in June.  According to Lawrence Yun, Chief Economist for the National Association of Realtors, increasing mortgage rates “may have taken some of the steam out of the market.”

Nonetheless, there is still a lot of demand in most US cities. The problem lies in the most expensive regions: Hawaii, California, and the New York City metro area:

“We’re still dealing with a large pent-up demand,” he said. “However, higher mortgage interest rates will bite into high-cost regions of California, Hawaii and the New York City metro area market,” says Yun.

Foreclosures and short sales have taken a back seat in the market, accounting for 15% of existing home sales. With these distressed sales clearing the market, home sellers can expect a greater return on their properties as the median home price has increased 13.5% since June, 2012 – a consecutive gain in median home prices for 16 months!

If you are thinking of selling, there is a lot of demand for what buyers consider “good” homes and the conditions (demand) is continually improving, aside from the interest rate increase. But seriously, were we thinking that they’d actually stay that insanely low forever? Seriously? 

Source: Money.CNN.com

http://money.cnn.com/2013/07/22/real_estate/home-sales/index.html?section=money_realestate&

Posted in Real Estate Investing

Miami Lifestyle

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Ever wonder what it’s like to live in downtown Miami? Want to travel here but are limited by financial resources? Well thanks to online videos you can take a virtual tour practically anywhere in the world, and the best part is – it’s practically free (aside from the cost of an  internet connect and a device: pc, smartphone, etc.)

1. Let’s take a trip downtown.

2. Let’s have a look at some new construction coming to Brickell.

3. Not only is Miami already a very exciting place to be, but it is going to become even more amazing! Here’s a look at the $10 Billion Dollar Boom Coming to Miami!

  4. While we’re downtown, let’s go see Bayside Marketplace.

5.  A trip to Miami wouldn’t be complete without visiting the world renowned South Beach!

For more views of this fun and exciting city, visit my real estate image board at http://www.pinterest.com/johnwtanner