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This Week in Miami Real Estate: Home price increase, retirement destination for the upper-class and more.

by admin

Fannie-Mae-Housing-MIA

Having trouble keeping up to date on all of Miami’s top real estate news? Some of this week’s top stories include May’s spike in home prices, and Florida ranking among the best states to retire wealthy.

In case you missed it, here is a recap of this week’s top stories:

  • Modern Doral nearly sold out- Construction of the Modern Doral properties are set to conclude in 2017, that hasn’t stopped the units from nearly selling out, currently sitting at 90 percent sold. Read more on these luxury homes
  • Florida among best states for wealthy retirement- Florida has always been a popular retirement destination. The South Florida Business Journal reports that it also may be one of the best for retirement of the upper-class.
  • Lennar sees increase in construction and prices- Lennar, the nation’s second-largest homebuilder, delivered more homes at higher prices in quarter two. The Miami Herald reports on what this means for the city and for Lennar itself.
  • Miami area home prices experience 5.9 percent increase- For the fifth consecutive month, single-family homes in the Miami area increased. Read more about the spike
  • Greystone set to build 100 unit apartment complex- Greystone recently received a $22 million loan in order to build apartments with 11,000 square feet of ground-floor retail. Read more on the project here.

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