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Average downtown Miami condo could cost $750,000 by 2025, report says

  After a slowdown in 2016, the Downtown Miami condo market is expected to make a rebound this year, and will continue to do so until prices reach previously unforeseen numbers, according to a new municipal study. Last year

Major commuter rail, expansive downtown station to go online this summer

A new public transportation system will arrive in Miami by the summer, and is bringing with it a massive mixed-use development to Downtown Miami. Brightline, the new rapid-transit line linking Miami to Orlando, is expected to begin service out

Miami to get a Chinatown, and what that could mean

Most major cities have Chinatowns – Chicago, Los Angeles, New York. So why not Miami? The City had the same thought last year in February when it passed a resolution designating the stretch of Northwest Seventh Avenue that runs between

The logo for the Florida REALTORS association.
Florida REALTORS targeted by scam letters

Over the weekend, many Florida REALTORs members received letters from an organization called the “Florida Board of Realtors,” which does not exist. Florida REALTORS has notified its 164,000 members of what is likely a phishing scam. The scam involves illegitimate “final notices” seeking

Details on 6 of Miami’s hottest developments

Miami’s real estate market slumped in 2016, with the pace of sales and appreciation slowing. But still, the market remains hot – flushed with buyers from around both the country and the globe. It’s an attractive market with rising

Engel & Völkers launches the Estrada-Zea Team

Engel & Völkers Miami, a luxury real estate firm, recently announced the launch of the Estrada-Zea Team, established by married couple Juan Estrada and Margarita Zea, both residential advisors who specialize in luxury condos. The husband-and-wife duo, who are

Report gives insights into Miami’s luxury single-family market

ONE Sotheby’s International Realty released its annual real estate market report this week, detailing last year’s performance of Miami’s real estate market, and particularly intriguing insights into the area’s luxury single-family market. Here are a few of the report’s

What’s the average mortgage debt in our state?

Floridians on average have more mortgage debt than borrowers in most other states, an analysis from Business Insider confirmed this month. How much debt exactly? According to data Business Insider obtained from Experian, $177,932 in 2016, making it the

Miami’s new construction market trips in January

Miami’s new construction market plummeted in January, as spending dropped double digits from a year prior, according to research from Dodge Data & Analytics. But the dip isn’t so bad. Yes, residential construction spending from Jan. 2016 to Jan.

Survey: Borrowers worry how Trump and DeVos will manage this barrier to homeownership

The Millennial homeownership rate fell to a 30-year low last year, and a big contributor to that trend is growing student loan debt. The country has an opportunity to address the issue under newly elected President Donald Trump and

3 trends that defined Miami’s housing market in January

In its monthly market report, Redfin dissected dozens of markets across the nation and found that in January, buyers typically faced three challenges: rising prices, low inventory and a fast market. That was certainly true in Miami. Prices continue

Miamians are undervaluing their homes

There is a slight disconnect between homeowners and appraisers in Miami, according to Quick Loans’ latest National Home Price Perception Index (HPPI). The good news is the disconnect is in the favor of homeowners. In February, homeowner opinion in Miami placed

When does owning in Miami become a better deal than renting?

Buying a home in Miami is a great deal – so long as the owner stays in it for more than two years. That was the conclusion of Zillow’s latest Breakeven Horizon report, which calculates how long the average homeowner

3 things driving buyers to Miami Beach

Greater Miami is a patchwork of neighborhoods – each defined by its culture, population, and residential and commercial makeup. Here’s why people are buying in Miami Beach: Putting forth a big environmental effort – Miami Beach is unique in

Two signs that Miami’s housing market is in for a correction

The most consequential question facing the housing industry today is: Are we approaching a correction? National Association of Realtors Chief Economist Lawrence Yun said in January that 2016 was the market’s best year since the Great Recession. He thanked job

Little Havana designated a ‘national treasure’ by National Trust

What Miamians have long believed the National Trust for Historic Preservation (NTHP) has just confirmed: Little Havana is a national treasure. And indeed it is. The neighborhood is representative of the original American Dream, a refuge where the disenfranchised

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