Local News
Real estate news in Atlanta
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
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
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
About 70 percent of renters say securing enough cash for a traditional down payment is the biggest obstacle to buying a home, according to a study by Zillow. With an average mortgage payment costing less on a monthly basis
Miami’s condo market has slowed considerably, as unsold units pile up to create previously unseen inventory levels. To address the problem, developers are getting creative with the kinds of incentives they’re offering to buyers. Luxury condo buildings are seeing international
Sustainability and an environmentally friendly community are amenities that more and more homebuyers are looking for, according to a recent survey by the National Association of Realtors. Here is perhaps the most obvious sign that green technology is a
Middle-market homes—ranging from $250,000 to $600,000—have seen substantial increases in sales and median prices, according to a new report from the Miami Association of Realtors. Considered a welcomed trend by experts, this comes as much of Miami’s recent growth in housing
New home starts have fallen steadily this year as the Miami real estate market deals with an excess of unsold inventory, according to a report released Thursday by Dodge Data and Analytics. Dodge’s report on February housing starts shows a
Homeownership rates are falling in over half of the country’s largest cities as more residents seek out rental agreements, and nowhere is the problem more apparent than Miami, according to a recent Redfin study. Though home sales jumped in 2016 and are
Miami has become one of the least affordable housing markets in the country, and now residents are looking to live elsewhere, according to a recent study. Prices have spiked mainly due to foreign investors, while wages and average incomes have continued to
After the successful redevelopment of the Wynwood neighborhood, developers and realtors are eyeing nearby up-and-coming neighborhoods Little Havana and Allapattah. But roadblocks exist before the communities can see the influx in real estate investment other Miami areas have seen.
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
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
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
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
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
