Michael Correra's (brickellspecialist) Blog

======================================================================             Update # 2      Jan 23,2012====================================================================== It was reported today in the Miami Herald  , that the president's past actions in streamlining visas from Brazil had...

======================================================================                Update #1======================================================================   The White House announced another 50 people will be employed by the US Embassy in Beijing as well as in the consulates around Chi...

Just a few weeks ago we were discussing how harmful the visa procedures for Chineseand Brazilian tourists to the US have diverted may tourists to Europe, Canada and otherdestinations.  The breaking news from a high official in Washington today explained the  changeswith specific details: (1) 80% ...

Yesterday , no matter how I tried to explain that a $200/mo HOA fee could result in savings of $72,00 plus over a 20 year period than a $500 HOA fee and that should be considered when comparing prices of condominiums ,it had no effect on the buyer.She just reacted to the price as too high and tha...

Miami Beach has become more expensive in the last few years despite the big drop in prices since 2007.However , there are many properties where the mortgages are priced much higher than the existing market value , leading to the need to process short  sales to find a solution to these distressed ...

    It has been announced that China-based Shandong Heavy Industry Group-Weichai Group has paid $477 million  to acquire a controlling interest in  Miami-based Bertram Yacht s owned by  manufacturer Ferretti Group .Although there has been small Chinese investments of real estate , like a recent p...

  The Department of Housing and Urban Development (HUD)  is making it easier for first time home buyers to get into their home by buying a HUD property at full list price , but provide  several concessions that include a FHA 203k loan for needed repairs rolled up into the mortgage , and  as well ...

To answer this question we have to turn back 17 years at which time  South Beach developer Craig Robbins ,turned his sights on the once run down Design District ,and as with South Beach bought up properties most developers were running away from .Although today the area is not heavily populated ,...

According to a study by economist Gary Englehart of the University of Michigan's Survey Research Center , many home owners have not adjusted their price expectations downward to keep in sync with actual declines in values since 2008 .This has contributed to a wide gap between what sellers are hop...

According to  a recent MSNBC.com article,as a way to assist struggling homeowners avoid foreclosure , lenders are accepting more short sales.Short sales and foreclosures increased in 2010, but in 2011, short sales increased  26,000 nationwide, at at the same time  foreclosures dropped by 255,000,...