Miami Real Estate Podcast

Economic Insights: August 2024 — Dr. Marci Rossell | Ep. 89

Welcome to another installment of Economic Insights, brought to you by the Miami Real Estate Podcast! This month, our correspondent Jessica Edgerton from Leading Real Estate Companies of the World®️ brings us the latest analysis from their Chief Economist, Dr. Marci Rossell. Tune in as Jessica shares Dr. Rossell's top 5 takeaways for August 2024.Japan’s Economic Shockwaves: The Bank of Japan's surprise rate hike created global market volatility, particularly affecting the "carry trade" strategy. Despite this, Dr. Rossell believes it is unlikely to trigger a global or U.S. recession.
U.S. Federal Reserve Rate Cut Expectations: With inflation at 2.9% — the lowest since 2021 — a rate cut is expected in September, and another after the November election. Mortgage rates could stabilize around 5.5%.
Mortgage Rate Fluctuations: Mortgage rates have increased slightly, but as they approach 5.5%, refinancing risks diminish, potentially bringing stability by year-end.
No Evidence of U.S. Economic Slowdown: Despite high prices, consumer spending and job growth remain strong, with GDP growth projected at 2.9%. Dr. Rossell sees no signs of a U.S. recession.
Global Economic Outlook: Japan's economic changes have affected countries with overvalued currencies, but as the U.S. Federal Reserve lowers rates, emerging markets like Mexico and Brazil could benefit from increased investment.
 
Guest: Dr. Marci Rossell
Host: Jessica Edgerton
Producer: Omar De Windt, Veronica Paris
 

Miami Condo Market Health Check — David Podein | Ep.88

In this episode of the Miami Real Estate Podcast, we sit down with David Podein, an equity partner at Haber Law, to explore the current landscape of Miami's condo market. David breaks down the market into three key segments: the high-end market, which is thriving with record-breaking prices; the middle market, facing challenges due to new reserve requirements and recertification costs; and the lower end, struggling with aging buildings and expensive repairs.
David shares valuable advice for condo buyers, emphasizing the importance of conducting thorough due diligence on a building’s financial health, reserves, and upcoming projects—essentially treating the purchase like an investment in a company. He also discusses recent Florida legislation, including Senate Bill 4D and HB 1021, which have increased transparency and empowered condo owners.
Finally, David delves into the growing trend of condo terminations, where entire buildings are sold to developers, and provides insight into strategies like "conditional terminations" that give associations more control. Whether you're a buyer, investor, or simply curious about Miami's real estate market, this episode offers key insights you won't want to miss.
Guest: David Podein
Host: Omar De Windt
Producer: Veronica Paris

Lead to Loyalty: 4 Keys to Real Estate Success — Bill Brothers | Ep. 87

Unlock the keys to real estate success in Miami with insider tips from Cervera Real Estate Top Producer, Bill Brothers. Discover invaluable advice for new agents on how to kickstart your career and thrive in the competitive Miami real estate market. In this episode, Bill shares his insights on: 🔑 The 4 essential keys to real estate success for new agents 🔑 Best practices for converting prospects into loyal clients 🔑 Effective follow-up strategies that lead to closing deals 🔑 The art of closing the deal and building long-term client loyalty 🔑 Mastering real estate branding to stand out in the Miami market Don't miss out on these game-changing strategies—tune in now and take your first step toward becoming a top producer in Miami real estate! Subscribe to our podcast for more expert tips and insider knowledge.Host: Omar De Windt Producer: Veronica Paris 

NAR Settlement Agreement, Condo Market Health Check & More! — Alicia Cervera Lamadrid | Ep. 86

Miami real estate expert Alicia Cervera Lamadrid shares her perspective on the NAR settlement agreement, the Miami condo market, and key issues impacting South Florida real estate.  
Often hailed as one of Miami's most influential power players, Alicia Cervera Lamadrid stands as an indomitable force in the vibrant South Florida real estate industry. Throughout her remarkable real estate journey, Cervera Lamadrid has worked alongside various iconic developers to achieve the successful sellout of more than 125 luxury high-rise condominiums across South Florida, facilitating over $20 billion in sales. Together with her visionary mother, Alicia Cervera Sr., founder of Cervera Real Estate, and her sister, Veronica Cervera Goeseke, she has played an integral role in the revitalization of neighborhoods across the region, including Brickell, Miami Beach’s South of Fifth, Downtown Miami, Coconut Grove, and Edgewater. 
Today, as Managing Partner of Cervera Real Estate, she oversees more than $4.5 billion of real estate sales in pre-construction and general real estate. Above all, Cervera Lamadrid remains more bullish than ever on the future of Miami and its status as a leading global city.
Host: Omar De Windt
Producer: Veronica Paris
Guest: Alicia Cervera Lamadrid

Economic Insights Report: June 2024 — Dr. Marci Rossell | Ep. 85

Here is your June 2024 Economic Insights Report, presented by Miami Real Estate Podcast correspondent Jessica Edgerton and Dr. Marci Rossell, Chief Economist for Leading Real Estate Companies of the World.

How to Webinar Like a Pro — Olivia Steele | Ep. 84

Olivia Steele, #GIRLBOSS and Digital Business Consultant joins us for an episode on how to upgrade your webinar game, from mastering your presentation skills to maximizing engagement, Olivia shares her top strategies.
Objective Setting
Monetization Strategy
Technology Recommendations
Audience Promotion
Creative Monetization
Olivia Steele is a CEO, Angel Investor, and mother known for her expertise in virtual communication sales strategy. She's pioneering a new venture called Divine Feminine Leader, aiming to redefine virtual client interactions to luxury-level engagements. Olivia has developed the world's only virtual retail sales certifications, collaborating with top luxury brands. She boasts a 1500% increase in sales for brands she's worked with. Olivia is also committed to investing in the future of fearless females, blending innovation, investment, and advocacy in her approach.
 
Host: Omar De Windt
Guest: Olivia Steele
Producers: Omar De Windt; Veronica Aizpurua
Art: Alberto Arevalo
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Economic Insights Report: March 2024 — Dr. Marci Rossell | Ep. 83

In this episode of Economic Insights for March 2024, presented by the Miami Real Estate Podcast in collaboration with LeadingRE and Luxury Portfolio International, our hosts, Chief Economist Dr. Marci Rosell and podcast correspondent Jessica Edgerton, explore the factors influencing the Federal Reserve's target interest rate. With the economy growing at around 2.5% and inflation hovering at 2%, there's a nuanced calculation to determine the appropriate Fed funds target rate. The discussion delves into the importance of monitoring inflation closely and adjusting interest rates accordingly, to maintain economic stability.
Furthermore, they examine the structure of the Federal Reserve System and its regional banks, emphasizing their pivotal role in shaping monetary policy decisions. Shifting focus, they analyze the dynamics of mortgage rates and the challenges facing commercial real estate, particularly office spaces. While some sectors, like warehousing and senior housing, thrive, office space accounts for a significant portion of commercial real estate facing challenges.
Zooming out to a global perspective, they discuss significant shifts in working-age populations in major economies like China, which is facing a decline in its workforce. This demographic trend has far-reaching implications for global economic dynamics. Lastly, they touch on upcoming updates in the antitrust landscape before concluding the episode.
Join them as they navigate through these economic insights, providing valuable perspectives on the current economic landscape. Stay tuned for more updates in their future episodes.

2024 Rental Market Insights — Richard Ross | Ep. 82

In this podcast episode, Richard Ross, CEO of Quinn Residences, discusses the 2024 rental market. Quinn Residences, an institutionally backed developer, owns 5,200 homes in the southeastern U.S., focusing on starter homes. They offer affordable rental communities with amenities and position their homes as 46-50% cheaper to rent than buy. The episode explores rental market trends, Quinn Residences' approach, and future industry trends, including technology and green features. The company collaborates with realtors, considers market expansion, and identifies hot growth markets. Overall, the episode provides insights into the current state and future trends of the rental market.

Economic Insights Report: December 2023 — Dr. Marci Rossell | Ep. 81

Today we’re bringing you the latest Economic Insights by Dr. Marci Rossell, chief economic for Leading Real Estate Companies of the World. This interview features Miami Real Estate Podcast correspondent Jessica Edgerton together with Dr. Rossell delivering her top 5 economic insights of December 2023, including:
 
Federal Reserve Activity 
The Federal Reserve indicated in December that it was likely to make at least three rate cuts in 2024. With CPI inflation at 3% mid-month, just shy of the Fed’s 2% target rate, Dr. Rossell anticipates that Fed cuts are likely to begin in the second quarter of 2024, if not sooner. The December markets rallied in response to the Fed’s announcement, with bank stocks hitting gains not seen since before the March banking crisis. 
 
U.S. Spring Market Predictions 
In mid-December mortgage rates fell below 7% for the first time since August, and consumers responded accordingly, with refis up 2% and year-over-year listings up 7%. Dr. Rossell believes the market will continue to stabilize during 2024, with a notable inflection point for the better coinciding with the Fed’s first anticipated rate cut in the spring. Nonetheless, Dr. Rossell cautions against comparisons to past market patterns. “Sellers may think it’s 2020, and buyers may think it’s 2008. It’s a new year. This will be 2024, and it’s going to be its own thing.” She also cautions us to take economic news during the first quarter with a grain of salt, as markets will likely be lurching through a “two steps forward, one step back” pattern through the end of March. 
 
U.K. Update 
The overall outlook for the U.K.’s housing market improved in November, with sales up for the first time since November 2022. While market analysts were keeping a close eye on a steeper-than-usual decline in U.K. home prices in December, Dr. Rossell does not anticipate massive disruptions to their housing market in 2024. She notes that the country’s years-long adjustment to Brexit is coming to a close, and “we’re far enough into the new economic reality that the shockwaves are diminishing as long-term stability – both economic and political – sets in.” 
 
2023 U.S. Labor Market in Review 
When asked what surprised her the most about the 2023 economic climate, Dr. Rossell responded: “The ongoing strength of labor markets. We raised rates from 0% to over 5%, and while inflation came down accordingly, we saw no meaningful impact to the labor market. Folks not only kept their jobs, but we saw 200K new jobs created every month.” She attributes the strength of the jobs market in 2023 in part to online professional networks creating less lag- time for individuals between jobs, as people tap into their networks and avoid longer-term unemployment. 
 
All Eyes on AI in 2024 
When asked about uncertainties of particular concern to her in 2024, Dr. Rossell stated that AI regulation should be a priority for legislators in the coming year, as the technology’s impact on markets and the economy will continue to grow exponentially. “I’m concerned we can’t seem to get it together enough to pass simple things like a farm bill,” she said. Given the significant implications of 
AI, Dr. Rossell believes reasonable AI-focused lawmaking will be necessary to prevent potential unintended consequences to the economy in 2024. 
 
Host: Omar De Windt
Guest: Dr. Marci Rossell
Producers: Omar De Windt; Veronica Aizpurua
Art: Alberto Arevalo 
Follow: Spotify / Apple Podcasts / YouTube / Instagram

Navigating Senate Bill 4D and Property Transformations — John Cadden | Ep. 80

In this episode of Navigating Senate Bill 4D and Property Transformations, we dive deep into the transformative landscape of condominium ownership, guided by the sweeping changes brought about by Senate Bill 4D. Join us as we explore the impact of these legislative shifts on consumers, homeowners, and investors alike, unraveling the intricacies of condo conversions and deconversions.
Our expert guest sheds light on the defining processes and circumstances that lead to each transformation, providing valuable insights for those navigating the evolving real estate terrain. Learn how businesses in this space play a crucial role in assisting others and discover the potential pitfalls condominium owner's associations may encounter during the deconversion journey.
As we dissect the biggest mistakes associations make in the deconversion process, we also unravel the risks associated with a DIY termination versus enlisting the expertise of specialized groups. Whether you're a homeowner, investor, or part of a condominium association, this episode offers a comprehensive guide to understanding and navigating the changing dynamics of property ownership in the wake of Senate Bill 4D.