Day Care “Learning Experience” at The Grove at Miramar

Coming soon!!!!! Day Care “Learning Experience” at The Grove at Miramar.
We are very close to finish it and We hope this helps your family and the whole Miramar community as well.

Proximamente Day Care “Learning Experience” at The Grove at Miramar.
Estamos de terminar la construccion y Esperamos poder colaborar a las Familias y a la
Comunidad de Miramar.

learningexpe fotos1

Long-Term Mortgage Rates Fall – 30-Year at 3.64%

From The Associated Press
Sept. has been a volatile month for mortgage rates. The average
is down from 3.73% last week. One year ago, the 30-year FRM
averaged 4.72%.

WASHINGTON (AP) – U.S. long-term mortgage rates fell this
week following a sharp rise the week before, making September
the most volatile month for the key 30-year loan since March.

Mortgage rates have been running near historic lows, spurring
prospective homebuyers, amid an uncertain economic outlook.
Mortgage buyer Freddie Mac says the average rate on the
30-year, fixed-rate mortgage dropped to 3.64% from 3.73%
last week. By contrast, the average rate stood at 4.72% a year ago.

A sharply divided Federal Reserve last week cut its benchmark
short-term interest rate for a second time this year but declined
to signal that further cuts are likely in 2019. The Fed rate
influences many consumer and business loans.

The average rate for 15-year, fixed-rate home loans declined
this week to 3.16% from 3.21% last week.

Freddie Mac surveys lenders across the country between Monday
and Wednesday each week to compile its mortgage rate figures.
The average doesn’t include extra fees, known as points, which
most borrowers must pay to get the lowest rates.

The average fee on 30-year fixed-rate mortgages rose this week
to 0.6 point from 0.5 point.

The average fee for the 15-year mortgage was unchanged at 0.5 point.

The average rate for five-year adjustable-rate mortgages fell
to 3.38% from 3.49%. The fee remained at 0.4 point.

Copyright 2019 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten
or redistributed.

Fannie Mae Prediction: Two More Interest Rate Cuts in 2019

The Federal Reserve hasn’t hinted at any new short-term interest rates cuts, but a Fannie Mae analysis suggests two more over the next four months.
WASHINGTON – Fannie Mae economists are forecasting two more quarter-point interest rate cuts by the Federal Reserve this year. It expects the Fed will move to cut rates in September and again in December.
That could bode well for lowering mortgage rates for the remainder of the year. Even though the Fed’s short-term interest rate doesn’t have a direct effect on long-term mortgage rates, it does tend to influence them. The impact on adjustable-rate mortgages is usually even more direct.
Consumer demand for housing remains strong, Fannie Mae’s Economic and Strategic Research Group notes in a recent report. However, limited inventory – notably at the affordable end –  is inhibiting growth in the single-family housing market, the report notes.
Fannie Mae’s Home Purchase Sentiment Index surged to a record high in July as home buyers showed stronger interest in the real estate market. But even as mortgage rates near record lows, the limited availability of homes for sale is constraining growth, researchers note.
“Though the current expansion recently became the longest on record, reverberating trade tensions and general economic uncertainty continue to weigh on growth,” says Doug Duncan, Fannie Mae’s senior vice president and chief economist. “The persistent trade tensions between the U.S. and China threaten to further reduce business investment, disrupt equity markets, degrade household wealth, and diminish consumer spending, the country’s primary economic engine of late. To help shield financial markets, buoy consumers, and perhaps nudge inflation slightly higher, we now expect the Fed will cut interest rates by 25 basis points two more times in 2019, up from our previous prediction of one.”
Mortgage rates will likely respond if the Fed acts. Mortgage rates are currently near the lowest level in recent decades, Duncan notes. The 30-year fixed-rate mortgage averaged 3.60% last week, according to Freddie Mac. More homeowners are finding incentive to refinance.

20M owners could lower mortgage payments by refinancing

“We estimate that 35% of outstanding mortgages are now ‘in the money,’ meaning borrowers may realize significant cost savings by refinancing; as such, we expect the share of refinance originations to grow through the remainder of the year,” Duncan says. “However, while existing homeowners may be able to enjoy the benefits of lower interest rates, many would-be homeowners, and the purchase mortgage market generally, remain unable to capitalize on the favorable rate environment due to the chronically limited supply of homes available for sale.”

Source: Fannie Mae

As senior population rises in Florida, lots more new housing is on the way for them

Attracted by a growing housing demand caused by the burgeoning senior citizen population in South Florida, a Houston-based developer is staking out Fort Lauderdale and Coral Gables as locations for multiple elder communities in the region.

Belmont Village Senior Living owns and operates 29 communities in major U.S. cities, as well as in Mexico City. The company recently broke ground on a rental project for the elderly on Seminole Drive in Fort Lauderdale near the Galleria Mall. The projected opening: the first quarter of 2020.

Patricia Will, founder and CEO of Belmont, said her company intends to build between five and 10 luxury rental communities between Palm Beach and Coral Gables, which is where Belmont expects to build its second South Florida enclave with the assistance of Baptist Health South Florida.

Florida is a national leader in drawing senior citizens from other states as permanent residents. According to a recent survey by MagnifyMoney, a site owned by Lending Tree, baby boomers and older people who have surpassed retirement age are fueling a rapid growth in the upper age groups of warm weather states such as Florida and Arizona. And they are bringing lots of financial power with them.

Miami Home Sales Rise in May, Fueled by Low Mortgage Rates and New Tax Law


Skyline of Miami, Florida, USA at Brickell Key and Miami River.
Skyline of Miami, Florida, USA at Brickell Key and Miami River.












21, 2019
Miami Home Sales Rise in May, Fueled by Low Mortgage Rates and New Tax Law

MIAMI — Miami-Dade County total home sales jumped year-over-year in May as low mortgage rates and new tax laws continue encouraging encourage domestic buying activity, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
Miami total home sales jumped 6.6%, from 2,622 in May 2018 to 2,796 in May 2019. Miami single-family home sales increased 10.2%, from 1,230 to 1,355. Miami condo sales increased 3.5%, from 1,392 to 1,441.
“Miami real estate home sales for all property types increased in May,” MIAMI Chairman of the Board José María Serrano said. “Miami’s lifestyle coupled with a growing economy, new tax laws and low mortgage rates continue fueling the market. Miami has now posted more single-family and condo sales in the first five months of this year compared to the same period last year.”
Total Miami Home Sales Rise in May Total Miami-Dade County Home Sales rose 6.6% year-over-year, from 2,622 to 2,796. Miami single-family home sales increased 10.2%, from 1,230 to 1,355. Miami condo sales increased 3.5%, from 1,392 to 1,441.
According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 4.07% in May, down from 4.14% in April. The average commitment rate across all of 2018 was 4.54%. Mortgage interest rates have been declining sharply since late last year.
Total sales volume decreased to $1.30 billion last month from $1.32 billion in May 2018. Single-family dollar volume increased 6.3% from $673.6 million to $716 million. Condo dollar volume decreased 9.4% from $645.8 million to $585.2 million.
Lack of access to mortgage loans continues to inhibit further growth of the existing condominium market. Of the 9,307 condominium buildings in Miami-Dade and Broward counties, only 12 are approved for Federal Housing Administration loans, down from 29 last year, according to Florida Department of Business and Professional Regulation and FHA.
7.5 Consecutive Years of Price Appreciation in Miami Miami-Dade County single-family home prices increased 2.9% in May 2019, increasing from $350,000 to $360,000. Miami single-family home prices have risen for 90 consecutive months, a streak of 7.5 years. Existing condo prices decreased 0.8%, from $245,000 to $243,000. Condo prices have increased or stayed even in 92 of the last 96 months.
Miami Distressed Sales Stay Low, Reflecting Healthy Market Only 5.6% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 6.4% in May 2018. In 2009, distressed sales comprised 70% of Miami sales.
Total Miami distressed sales decreased 7.1%, from 169 to 157.
Short sales and REOs accounted for 1.0 and 4.6%, respectively, of total Miami sales in May 2019. Short sale transactions decreased 14.7% year-over-year while REOs decreased 5.2% percent.
Nationally, distressed sales represented 2% of sales in May, down from 3% in April and from 3% in May 2018. Less than 1% of May 2019 sales were short sales.
Miami Real Estate Selling Close to List Price The median number of days between listing and contract dates for Miami single-family home sales was 59 days, a 34.1% increase from 44 days last year. The median number of days between the listing date and closing date for single-family homes was 107 days, a 16.3% percent increase from 92 days.
The median time to contract for condos was 78 days, a 6.8% increase from 73 days last year. The median number of days between listing date and closing date increased 5.4% percent to 118 days.
The median percent of original list price received for single-family homes was 95 percent. The median percent of original list price received for existing condominiums was 93.1 percent.
National and State Statistics Nationally, total existing-home sales jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May. Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018).
Statewide closed sales of existing single-family homes totaled 30,742 last month, up 9.6% over May 2018, according to Florida Realtors. Looking at Florida’s condo-townhouse market in May, statewide closed sales totaled 12,217, up 1.6% compared to a year ago.
The national median existing-home price for all housing types in May was $277,700, up 4.8% from May 2018 ($265,100). May’s price increase marks the 87th straight month of year-over-year gains.
In May, statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year for the 89th consecutive month. The statewide median sales price for single-family existing homes was $266,000, up 4.3% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $195,000, up 3.7% over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.
Miami’s Cash Buyers Represent Almost Double the National Figure Miami cash transactions comprised 36.2% of May 2019 total closed sales, compared to 39% last year. Miami cash transactions are almost double the national figure (19%).
Miami’s high percentage of cash sales reflects South Florida’s ability to attract a diverse number of international home buyers, who tend to purchase properties in all cash.
Condominiums comprise a large portion of Miami’s cash purchases as 48.3% of condo closings were made in cash in May compared to 23.2% of single-family home sales.
Balanced Market for Single-Family Homes, Buyer’s Market for Condos Inventory of single-family homes increased 8.7% in May from 6,219 active listings last year to 6,759 last month. Condominium inventory increased 2.5% to 15,893 from 15,502 listings during the same period in 2018.
The increase in inventory is for properties above $300,000 for condos and for properties above $600,000 for single family homes.
Months supply of inventory for single-family homes increased 5% to 6.3 months, which indicates a balanced market. Existing condominiums have a 13.7-month supply, which indicates a buyer’s market. A balanced market between buyers and sellers offers between six- and nine-months supply.
Total active listings at the end of May increased 4.3% year-over-year, from 21,721 to 22,652. Active listings remain about 60 percent below 2008 levels when sales bottomed.
New listings of Miami single-family homes decreased 7.7% percent to 1,737 from 1,881. New listings of condominiums decreased 11.8%, from 2,629 to 2,319.
Nationally, total housing inventory at the May increased to 1.92 million, up from 1.83 million existing homes available for sale in April and a 2.7% increase from 1.87 million a year ago. Unsold inventory is at a 4.3-month supply at the current sales pace, up from both the 4.2 month supply in April and from 4.2 months in May 2018.
To access May 2019 Miami-Dade Statistical Reports, visit

Leisure Townhomes New Pre-Construction Hallandale Beach

Leisure Townhomes is a new community development consisting of 5 modern townhomes with 2 bedrooms + den and 2.5 bathrooms in 1,500 sq ft. The homes are currently being sold at pre-construction. Located in the heart of Hallandale, enjoy living in a rapidly growing area with family in mind. The homes are centrally located with easy access to I-95 and close proximity to Fort Lauderdale Airport, the beach, Hollywood Boardwalk and Aventura Mall.
2 Bedroom 2.5  Baths. 1500 sf Ft Living area. Impact Glass.
Heading South on US-1, turn right on SE 5th Street, then turn right on SE 3er Av and take first left to SE 3er. Property will be located on the right.

For more information contact Habibi Briceno at

Sales Manager: Rocio Lopez Varela
855-668-8773 Ext.213/ Cel:786-320.4410



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La desarrollada PMG dió a conocer la noticia de la construcción del nuevo rascacielos que estará hubicada en Biscayne Boulevard en un cocktail realizado en el Hotel Sheraton, uno de los proyectos mas ambiciosos para este 2019 en materia de bienes raíces.

Son los edificios más altos  los que definen por excelencia el paisaje urbanístico de las principales ciudades del mundo. El mundo identifica a Nueva York o a Dubai por ejemplo, gracias a su arquitectura y la majestuosidad de sus rascacielos.

En el caso de Miami, este 2019 será lanzada la torre más alta de la ciudad: Waldorf Astoria Hotel & Residences. El proyecto tendrá 330 metros de altura -el doble de altura de los edificios que lo rodean-, y 99 pisos. Con estos estructura se convertirá rápidamente en el ícono arquitectónico de Miami.

Pero no solo será un auténtico ‘rascacielos’, sino que además contará con el lujo y servicios de primer nivel, entre ellos: un exclusivo spa a cargo de Deepak Chopra con una superficie de 1500m2, sala de reuniones, 3 piletas- dos exteriores y una interior-, y apartamentos amueblados con vistas directo al mar.

La presentación en el Sheraton también dio la posibilidad de conocer otras opciones para inversores en Real Estate. PMG (Property Markest Group)- encargada de la construcción del próximo edificio más alto-, tiene una unidad de negocios, donde también construye edificios para renta.

“Una vez construido y rentado en su totalidad, se vende el edificio entero a un fondo. Este negocio al inversor que entra como socio de la compañía, le genera excelentes retornos en un producto muy buscado hoy por los grandes grupos, por ser un negocio seguro”, afirma Fabian Parolari, representante de Ventas Internacionales.

¿Cuál es la ventaja? el inversor se asocia con el desarrollista -que posee 6 billones de dólares en activos-, e invierte junto a la empresa en proyectos de renta de lujo, donde uno al ser socio participa de los beneficios de la empresa en un modelo que está teniendo un éxito muy grande en este momento en el mercado de Miami.

“Es la primera vez que se realiza un evento de la empresa en Argentina, y estamos muy contentos de poder presentar estos dos proyectos de inversión, entre ellos el de “Biscayne”, afirmó Sergio Pintos, director de PMG.

Biscayne es parte del concepto de “Comunities” que ya está teniendo un resultado mejor al proyectado originalmente tanto en velocidad de alquileres como en valor por pie cuadrado lo cual hace mucho más atractivo por parte del mercado inversor entrar en X Biscayne ubicado en Downtown, la zona que más desarrollo va a tener en los próximos 10 años con una inversión estimada de 10 billones entre pública y privada.

X Miami, situado enfrente de donde se construirá X Biscayne, fue el primer proyecto dentro del concepto X Comunities. El edificio se terminó en mayo de este año y está teniendo un éxito de rentas por encima de lo esperado.

Con el diferencial de estar en el corazón del Downtown Miami, esta torre fue denominada como ‘ideal para los millennials’ ya que vienen amueblados, compactos, y presenta un precio absoluto de alquiler muy conveniente si se compara con el resto de los departamentos de la zona -gracias a esto es considerado el edificio más rentable de la zona Miami y Brickell-.

Los antecedentes de PMG son un diferencial muy importante que conquista también a los inversores, por ejemplo: EchoBrickell, otro de los proyectos de la empresa, marcó el récord por metro cuadrado en la historia de Brickell.

Próximamente, durante el 2019, será el turno del futuro edificio más alto de Miami, que cumple con todos los requisitos para marcar un nuevo récord en ventas.



The developed PMG announced the news of the construction of the new skyscraper that will be located in Biscayne Boulevard. The announcement was made in a cocktail held at the Sheraton Hotel, one of the most ambitious projects for this 2019 in the field of real estate.

It is the tallest buildings that define the urban landscape of the main cities of the world. The world identifies New York or Dubai for example, thanks to its architecture and the majesty of its skyscrapers.

In the case of Miami, this 2019 will be launched the tallest tower in the city: Waldorf Astoria Hotel & Residences. The project will be 330 meters high – twice the height of the buildings that surround it – and 99 floors. With these structures, it will quickly become the architectural icon of Miami.

But not only will it be a true ‘skyscraper’, but it will also have luxury and first class services, among them: an exclusive spa by Deepak Chopra with an area of 1500m2, meeting room, 3 outdoor pools- two an interior-, and furnished apartments with direct sea views.

The presentation at the Sheraton also gave the possibility of knowing other options for investors in Real Estate. PMG (Property Markest Group) – responsible for the construction of the next tallest building – has a business unit, where it also builds buildings for rent.

“Once built and rented in its entirety, the entire building is sold to a fund, this business to the investor who enters as a partner of the company, generates excellent returns on a product much sought after by large groups, as it is a business sure, “says Fabian Parolari, representative of International Sales.

What is the advantage? the investor is associated with the developer -which has 6 trillion dollars in assets-, and invests with the company in luxury income projects, where one as a member participates in the profits of the company in a model that is having a Very big success at this time in the Miami market.

“This is the first time that a company event has been held in Argentina, and we are very happy to be able to present these two investment projects, including the xBiscayne,” said Sergio Pintos, director of PMG.

X Biscayne is part of the X Comunities concept that is already having a better result than originally projected both in rental speed and in value per square foot which makes it much more attractive for the investing market to enter X Biscayne located in Downtown, the area that more development will have in the next 10 years with an estimated investment of 10 billion between public and private.

X Miami, located in front of where X Biscayne will be built, was the first project within the X Comunities concept. The building was completed in May of this year and is having a success of rents above expectations.

With the differential of being in the heart of Downtown Miami, this tower was named as ‘ideal for millennials’ since they come furnished, compact, and presents an absolute rental price very convenient when compared to the rest of the departments of the zone – thanks to this is considered the most profitable building in the Miami and Brickell area.

The background of PMG is a very important differential that also wins over investors, for example: EchoBrickell, another of the company’s projects, set the record per square meter in the history of Brickell.

Soon, during 2019, it will be the turn of the future tallest building in Miami, which meets all the requirements to set a new record in sales.