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Greater Miami’s 3 hottest markets in 2017

Lakes of the Meadow in Kendall is going to be Greater Miami’s hottest market in 2017 – or at least that’s how Redfin sees it. And it has a point. With a healthy median sale price ($318,200), a quick turnaround

Douglas Elliman report: sales falling, prices rising in Miami’s housing markets

Douglas Elliman released its Q4 report for the Greater Miami real estate market today, and the numbers reaffirm trends we saw throughout 2016 – housing affordability is falling along with demand. However, at least on the single-family side of

3 stats currently defining Miami’s luxury condo market

Miami is one of America’s great cities, but it has some problems – its luxury condo market being one of the biggest. And a recent report from Condo Vultures Realty shared three stats that really drove that fact home: 1.

Canada passes Colombia in Miami real estate searches

As of Oct. 2016, Canada surpassed long time leader, Colombia, to become the top international country searching for real estate in South Florida through the Miami Association of Realtors’ search portal, www.Miamire.com, according to MIAMI Association of REALTORS. Colombia had previously led

New legislation entices Miami builders to go big on affordability

A proposal to amend the Miami Comprehensive Neighborhood Plan (MCNP) aims to to create new incentives for affordable building – something the city desperately needs. The amendment, which is sponsored by District Three Commissioner Frank Carollo and due for

Why are so many home sales failing to close in Miami?

Deals to sell homes failed at a much higher rate in 2016 than in 2015, and that was particularly true here in Miami. That was the finding of a striking new report from Trulia, which computed the number of

2 of the nation’s safest cities are in Greater Miami

Parkland is the safest city in Greater Miami, and Weston is a close second. That’s according to Neighborhood Scout, which used FBI crime data to calculate and compare crimes per capita in U.S. cities. Nationwide, both Parkland and Weston

Miami named a top 3 job market

Miami is the nation’s twelfth-best city for jobs, and has the country’s No. 3 job market, according to a new report from WalletHub. The Magic City’s job market is likely to appeal to young professionals on the cusp of entering

Buying beats renting throughout Greater Miami

It makes more financial sense to buy than rent in Greater Miami, according to new research from ATTOM Data Solutions. In its analysis, which incorporated 2017 rent data from HUD, wage data from the Bureau of Labor Statistics and public record sales deed data from 540 counties,

Miami housing stock country’s No. 5 most valuable

Miami’s housing stock is the No. 5 most valuable in the entire country, according to a year-end analysis from Zillow. Altogether in 2016, Miami’s residential properties tallied a worth of just over $818 billion, topping other major markets like

Miami new construction continues strong growth

The Miami new construction market continues to put up strong numbers, according to research from Dodge Data & Analytics. In November, Miami saw more than $351 million in total residential construction spending, which is a 22 percent decline from Nov. 2015. Year-to-date construction spending, though,

This week in Miami real estate: Shoma Group makes decision on Eleven on Lenox

Lots of interesting things happened this week in the world of real estate. Notable stories this week include the Shoma Group tapping Douglas Elliman for a project and AquaLuna reaching completion. And because we missed last week, we’ll also

Miami’s affordability crisis continues to grow

There is an affordability crisis building in Miami. In a fourth quarter market report released this week, ATTOM Data Solutions provided stats on price and wage growth in Miami, and the numbers showed a less-than-complimentary relationship. Since the market’s

Miami luxury and middle-market home sales skyrocket in November

Miami’s real estate market posted stellar numbers in November, particularly among middle-tier and luxury homes, a new report from the Miami Association of Realtors and local MLS showed. Single-family home sales jumped 13.1 percent year-over-year last month – a massive

Florida No. 2 for population growth – will real estate markets follow?

The U.S. Census released it 2016 population estimates this week, showing state-by-state growth from 2015 to 2016, and almost nowhere were gains bigger than in Florida. The state’s population made a 367,525-person leap from 20.24 million to 20.61 million

Miami is a top 10 market for immigration – that is great for housing

There are more than 44 million immigrants living in the U.S. They account for about 13.6 percent of the total population, and together represent billions in annual real estate transactions – Miami is one of the eight best cities at

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