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Miami partners with local startup to ease development zoning hurdles

Gridics has announced a partnership with the city of Miami to create Zonar.City, the first digital zoning software application of its kind. The application is designed to aid in the sometimes slow and painful zoning process by expediting development plan compliance reviews, conducting real-time 3D

Marina Palms developer awarded for redeveloping old boating dock

Two Miami developers are being recognized for their work in turning an unused oceanfront property into a condo and yacht club development. The City of North Miami Beach awarded Marina Palms Yacht Club & Residences developers Neil Fairman and George Helmstetter of

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Miami can sue banks for predatory housing loans, Supreme Court rules

The Supreme Court ruled Monday that the city of Miami has standing under the Fair Housing Act to sue three major banks for predatory housing loans, according to reports. Stemming from the housing market collapse of 2007, Miami sued

Developer Henry Torres on how to successfully bring luxury units to a saturated market

Bringing luxury condos to a Miami market that is already saturated with similar products would be harrowing for some developers. But not for Henry Torres, CEO of the Astor Companies, who said there are still ways to differentiate a

Miami is the No. 2 destination for Millennials

    Realtor.com ranked the top 10 cities where young people want to be, placing Miami at No.2. According to the article, Miami attracts waves of Millennials with its word-class nightlife, up-and-coming neighborhoods and a healthy job market. According to Realtor.com

The 5 Miami markets where home prices dipped the most this year

Yesterday we looked at the local markets where the median home price has risen the most this year. Nearly all of the markets on the list are considered luxury, a positive sign for a sector of the market that

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The 5 Miami markets where home prices jumped the most in Q1

  A period of instability in Miami’s housing market is finally easing, as 2017 looks to be a year where doomsday predictions for the market give way to stability and growth, according to Douglas Elliman’s first quarter 2017 report.

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Miami rents have decreased in the past year

  Miami rents decreased 0.6 percent in the past year to an average of $1,849, according to the March Zillow Real Estate Market Report. From 2015 to 2016, rent in Miami increased 5.0 percent. Rents rose only 0.7 percent nationwide compared to

Miami bucks trend of growing empty nester households

More aging parents are staying put rather than selling their homes as the amount of “empty nester” households has risen to record highs, according to Zillow. The number of empty-nest households, or homeowners aged 55-plus who have no kids

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Miami is one of the least affordable cities for teachers, study says

Teachers play a vital role in society and the economy, but school systems are seeing a shortage in qualified teachers. That’s in part because teachers often can’t afford to live where they work, according to a new study. Nearly

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Miami’s distressed home sales keep dropping

  Distressed sales in Miami have dropped significantly in the first quarter of 2017 and since last year, a positive development for a market readjusting after a boom while shaking off some effects of the market crash. According to

Knock down churches to build housing in working-class areas, Miami politician says

Miami is one of the least affordable housing markets in the country. Despite a glut of housing units on the market and more set to come online, affordable housing is not very prevalent in Miami’s working-class neighborhoods. But there

The top 5 best and worst-performing Miami housing markets in Q1 2017

Home sales are slowing down in the Miami area, but there are a few areas that are bucking the trend. First-quarter sales figures showed that Miami-Dade had 5,939 sales closing so far this year. That’s down 14 percent from Q1

Miami foreclosures fall below pre-recession levels

Miami foreclosure activity falls below pre-recession averages, according to a new report from ATTOM Data Solutions. Nationwide first quarter foreclosure activity also was reported as below pre-recession levels. The Miami-Fort Lauderdale-West Palm Beach MSA reported 6,612 properties with foreclosure

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Cash sales drop significantly in Miami

Despite a slight rebound in February 2017, cash sales of homes in Miami have declined significantly, a sign that international and big-money investors are cooling on the market, according to a recent market study. There were 289 homes paid

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Homes sold faster than ever this March

Homes sold faster this March than any other March in seven years, thanks to rising demand and still-shrinking inventory, according to Redfin’s recent housing market report. Home sales jumped 9 percent in March when compared with March 2016, even as

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