Blog - Carlos Herrera

by Carlos Herrera

Was your mortgage denied? Your are not alone. Tips to prevent that result

Applying for a mortgage is like taking a test to graduate. Except instead of a diploma, the prize is a home. The “pass” rate on mortgage approval, though, is surprisingly low. Surveying 4,900 buyers, the Zillow Consumer Housing Trends Report 2022 finds that in 2022, 28% of applicants were denied a mortgage, down from 34% […]
by Carlos Herrera

Why are young people still willing to buy their first home in the current market?

Homebuyers in their 40s and younger are still planning to buy homes, even though most believe the market favors homesellers, according to a Bank of America 2023 Homebuyer Insights Report. More than half of homebuyers surveyed (55%) believe the market is more competitive this year than last, yet 62% of Gen Z and 55% of […]
by Carlos Herrera

76-Story Brickell Tower “Casa Tua by Ora” Scheduled For UDRB Hearing

A proposal to build a 76-story tower at 1210 Brickell Avenue is scheduled for an Urban development Review Board hearing next week. Sales for condos are already underway, with the project being marketed under the Ora by Casa Tua name. The project is proposed to include: 540 residential units 53,841 square feet of office 24,260 square feet […]
by Carlos Herrera

What can you rent with a $1,500 budget in South Florida?

A $1,500 monthly rent budget will only get you so far in many of the biggest cities in the country. But how far can that same budget go in South Florida? Rentcafe used MLS data from 200 U.S. cities to determine which city offers the most square footage for $1,500 per month. Nationally, $1,500 will […]
by Carlos Herrera

South Florida by the numbers: Billion with a “B”

“South Florida By The Numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics. Oil baron Nelson Bunker Hunt once said “a billion dollars isn’t what it used to be.” And maybe he had a point! What was once an unreachable, elusive holy grail of big money numbers has […]
by Carlos Herrera

New Renderings Released Of Riverwalk Planned Behind Hyatt

The developers that are planning a three-tower redevelopment of the Hyatt Regency site in Downtown Miami have released new renderings of public space planned, including a riverwalk. The developer are requesting city commission approval for a side yard setback waiver. Commissioners are permitted to approve a waiver if it is determined that public benefits are provided. The […]