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June was a banner month in Miami residential real estate

Single-family homes in Miami sold at an average rate of 42.3 per day for the past four months, and June marked the second-best in city history, according to a new report by the Miami Association of Realtors (MAR) and

These 11 Miami neighborhoods have the fastest growing home values in South Florida

While South Florida has generally seen modest home value growth, some neighborhood values have increased by double digits this year. According to a recent Redfin study, nearly half of the top 23 increasing home values throughout the area belong

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Miami construction rates saw notable jump in June, report says

Total Miami construction rates increased in June, according to recent data from Dodge Data & Analytics. These numbers indicate diversion from the recent pattern of declining construction, which has occurred frequently due to excess inventory. The report considered all

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See which Miami market will provide the highest ROI for investors

Real estate investors are always on the lookout for which neighborhoods will provide them with the highest return on their investment. HomeUnion indicated ZIP codes in 20 major metros that maximize real estate returns while minimizing risk over the next

In Florida, it’s cheaper to own than rent a home

With rising home prices and high competition, many renters may think it is not worth it to switch over to homeownership. However, it is often better financially to own a home than to rent. GOBankingRates found that it is more

South Florida zip codes with the longest commutes

Miami-Dade County residents can expect commute times of at least 60 minutes, according to a new study. Esri’s calculations considered commuters via public transportation along with private modes. Broward and Palm Beach counties made it on the list, but

South Miami to require solar panels on all new homes

South Miami passed a law Tuesday in which all new homes — including some renovation projects — must have solar panels installed, according to a recent Miami Herald report. The new measure will take effect Sept. 18 and is the first of

Miami has one of the least affordable housing markets in America

Miami is a hotspot for those seeking sunshine, miles of beautiful beaches and an active city nightlife. However, many residents can barely afford their own home there — the city came in at No. 2 on the Department of Housing and

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Miami ranks 15th in the country for ‘green’ buildings

Miami came in at No. 15 in the 2017 National Green Building Adoption Index, down one spot from last year. The report looked at the growth of Energy Star and LEED–certified office spaces since 2005 in the 30 largest cities in the

Colombians once again the top searchers of Miami properties

Colombians are once again the top internationals looking for Miami real estate, according to the Miami Association of Realtors. As they were in March, Colombians made up most of the searches for Miami-area housing on the association’s website in

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New state law seeks to penalize condo fraud

Condo board fraud and other improper behavior by condo building administrators is not punishable by jail time and other penalties under new state law sign by Gov. Rick Scott, according to media reports. After media reports and state investigations found

Local real estate firms team to launch lending company Vaster Capital

Two prominent real estate firms in Miami have partnered to create Vaster Capital, a lender that will specialize in bridge loans for residential and commercial real estate. Fortune International Group, a development company, and Rialto Capital Management, an investment

Miami housing construction dips again, report says

Dodge Data & Analytics released new statistics on money spent on new Miami construction Thursday. The report considered all May 2017 constructions starts in the Miami area. There was a positive change for nonresidential construction starts between May of this year

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Scammers are still targeting Miami Realtors, MAR says

A fake Florida Realtor board is once again sending letters to Florida real estate professionals in an attempt to scam them, according to a recent report by the Miami Association of Realtors. The association sent out an updated alert Thursday advising members

The average millennial needs to save for 16 years to afford a home in Miami, study says

As millennials have aged into the largest homebuying population in the country, economists and real estate experts have spent considerable time figuring out why the group is slow to buy homes. Millennial spending habits have been blamed, as has

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Here’s how much ocean views cost compared to city views in Miami

Agents know that prospective property buyers will pay a premium for ocean views. A study by Ross Milroy, a local real estate expert, shows exactly how much more one would have to pay for an ocean view in today’s

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