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The city of Miami is no stranger to suspicious all-cash transactions. A U.S. Department of Treasury pilot program that monitors suspicious all-cash real estate purchases shows that the city’s reputation for such transactions has not diminished, according to a recent
Both residential and commercial starts saw an increase in construction rates for April 2017. Since Miami’s overall construction rates have been falling for some time due to excess supply, this new report from Dodge Data & Analytics shows a notable
A sharp rise in single-family home sales in April was not enough to buoy the market, which saw a decrease in total existing sales that month due to declining condo sales, according to the Miami Association of Realtors. Single-family
Miami’s rental market is accelerating, but prices in some areas are showing sings of correction, according to recent data from Zumper. The apartment-listing service has released it’s map of neighborhood rental rates throughout Miami for Spring 2017. Miami is
As urban areas become more unaffordable, more and more residents are turning to suburbs not only to buy but to rent, according to a new study by Zillow. For the first time in four years, suburban rents are rising
Miami residents and those looking to move there already know that it is difficult to find affordable housing in the area. And because housing is so expensive, being able to put 20 percent down on a home could be
Single-family homes buoyed the Miami housing market in the first quarter of 2017 as condo sales continue to slide. But there are still some bright spots in the local condo market, as three submarkets showed gains in their condo
Miami’s start to the homebuying season continues its stellar pace, as sales of single-family homes, median sales price and total dollar volume have all increased year-over-year in the first quarter of 2017, according to the Miami Association of Realtors.
Miami has seen the third-highest growth in suburban renters of any U.S. market, according to a new study by RentCafe.com. Between 2011 and 2015, the Miami metro area has seen 56,800 new suburban renters, RentCafe reports. Only Riverside, CA,
The Realtor associations covering Fort Lauderdale and the Palm Beach area have announced plans to combine into what would be the third largest Realtor association in the country, the groups announced Thursday. More than 30,000 real estate professionals would
According to the Q1 2017 U.S. Home Equity & Underwater Report from ATTOM Data Solutions, nearly 5.5 million U.S. properties are seriously underwater, which represents almost 10 percent of all mortgages. This is up from 5.4 million in Q4,
Editor’s note: In his own words, John Reza Parsiani tells us about the current makeup of the Miami housing market, and how brokers should adapt to a saturated market. His words have been adapted from a Q & A
Miamians priced out of homeownership are not likely to find much relief on the rental market, as rents in Miami are the ninth-most expensive in the country, according to a new study by apartment searching website Zumper. In ranking the
As home shopping season goes into full swing, buyers may find that patiently waiting for late summer listings will lead to the best selection and prices. A new report from Zillow looked at the listings and price data
South Florida is the most-searched U.S. market by international consumers, and Canadians are the ones most interested in the locale, according to the Miami Association of Realtors. The Miami metro area, including Ft. Lauderdale and West Palm Beach, came
The prevailing sentiment in the housing market is that it’s a great time to sell, as housing prices and demand has steadily creeped up. While that may be the case, such a rosy portrait of the market doesn’t tell
