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Hurricane Matthew could cause billions in property damage

Earlier today Hurricane Matthew returned to Category 4 strength. The National Hurricane Center described the storm as “extremely dangerous” and clocked winds at up to 160 mph. It’s expected to hit Miami tomorrow, and the damage could be catastrophic.

India’s real estate bubble could be Miami’s gain

This year has seen the Miami Association of Realtors make some big moves to strengthen its international network, which included association representatives traveling to India in August to try and sell the South Florida market. “India is one of

MIAMI member named Humanitarian of the Year

Jose Fernandez, a member of Miami Association of Realtors, earned the 2016 Humanitarian of the Year community service award from Florida Realtors. The prestigious award highlights the many causes, charities and organizations the 42,000 members of MIAMI support in South

Do you and your clients know where Miami-Dade’s evacuation centers are?

Hurricane Matthew today made landfall in Haiti with sustained winds nearing 150 mph. It may soon hit South Florida as well. Be prepared, and prepare your clients. The path of Hurricane Matthew, which first rode the northern crest of

Florida properties find interest on Chinese listing portal

Florida listings have made their way to China, and it’s helping drive buyer interest, a new report from Juwai found. Juwai.com is China’s biggest international listing portal, with more than 2.5 million property listings across 89 countries. The website

This week in Miami real estate: New cash sales data and an extended EB-5 visa program

Lots of interesting things happened this week in the world of real estate. Notable stories this week include new cash sales data and the announced extension of the EB-5 visa program. Catch up on this week’s top news with

One simple way to help buyer clients save money in Miami

The chief dilemma for the contemporary real estate agent is: how do I demonstrate my value? It’s a question that can be answered in a variety of ways (i.e. be an information source, develop neighborhood expertise, etc.) and for

Wage increases get lapped by surging home prices in Miami

Home prices in Miami are outpacing wage growth, new research from ATTOM Data Solutions confirmed. It’s a foundational problem that could lead to the market’s eventual implosion if the city can’t reverse it. Some people called the 2007-2008 downturn a

Miami new construction losing its footing in 2016

The Miami new construction market continues to slow in 2016, according to research from Dodge Data & Analytics. In August, Miami saw nearly $571 million in total residential construction spending – still a very high number, but down 20 percent from Aug. 2015. Similarly, the market’s strong

The reason why Miami is great for first-time buyers

The Miami area features one of the most accessible mortgage markets in the country, according to a Credit.com analysis. Utilizing new data from the Urban Institute, Credit.com found that the average loan-to-value in Miami is 84 percent, meaning the average down

5 reasons buyers from around the globe love Coconut Grove

Coconut Grove is one of the oldest neighborhoods in Miami, and existed as an independent city even before that. It has a rich history of luxury living; and that tradition has carried for more than 100 years, as it

Case Shiller: Miami home prices continue their ascent

Home prices in the Miami housing market remained ahead of the national averages in the latest Case-Shiller Home Price Indices from Standard & Poor’s. Although Miami’s monthly increase of 0.4 percent was behind the U.S. average of 0.7 percent, its yearly

This week in Miami real estate: $55 million mansion goes on the market and a controversial replat is denied

Lots of interesting things happened this week in the world of real estate. Notable stories this week include Coconut Grove getting new Class A apartments and a Bay Harbor Islands condo tower launching sales. Catch up on this week’s top

Miami’s greater downtown population is now younger, wealthier and better educated

The makeup of Miami’s central business district is changing, the Miami Downtown Development Authority confirmed in a new report. It’s becoming younger, wealthier, and better educated. “Population continues to increase in greater downtown,” the report reads, defining Greater Downtown,

How bad is Miami’s need for new construction? Try 119,000 permits bad

Eighty percent of U.S. metro areas are lacking in single-family home construction, and few areas are in greater need than Miami, according to a new analysis from the National Association of Realtors. Comparing home construction to job gains from

The no. 1 reason why so few Millennials are buying homes in Miami

For some time now, agents and analysts alike have wondered why so few Millennials are buying homes, but new Census data has provided a remarkably straightforward answer – they’re all living at home with their parents. Compiled by Time magazine,

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