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The homeownership rate is a tabulation of households that are owners; and in Miami, the share of people who own their homes is lower than it was in 2007 – significantly lower. A report from Apartment Listing put Houston’s current
Lots of interesting things happened this week in the world of real estate. Notable stories this week including RE/MAX hiring a former chef and Boca Raton moving one step closer to a new townhome community. Catch up on this
Sales are down, prices are up (for the 18th consecutive quarter), and condo inventory is pushing a year’s supply – Miami’s second quarter is typical Miami. The median price for single-family homes in Miami reached $295,000 during the second quarter,
South Florida developer Terra this week finished its Coconut Grove tower, named Grove at Grand Bay, designed by Bjarke Ingels and architect firm NBWW. It is the city’s most sustainable residential development. The construction features two twisting, 20-story glass towers
Average closing costs in Florida are among the highest in the nation, a new report from Bankrate confirmed. The implementation of TRID, and its new closing disclosure form, has helped reduce confusion around what closing costs actually entail. But
Lots of interesting things happened this week in the world of real estate. Notable stories this week included the impact Zika is having on Wynwood and a multi-million-dollar penthouse being listed in Coral Gables. Catch up on this week’s
There are a handful of luxury markets in Greater Miami not seeing positive price growth. There are even more that are. Through this year’s second quarter, luxury sales were booming in The Hammocks, according to a report from Redfin. The
Lots of interesting things happened this week in the world of real estate. Notable stories this week included Miami home prices going up and The Highlands seeking more EB-5 buyers. Catch up on this week’s top news with our
By 2100, a third of Miami’s housing stock, nearly 33,000 homes, could be underwater, according to a new study. The paper, authored by professors Robert Deconto, of the University of Massachusetts, and David Pollard, a senior scientist with Pennsylvania
Lots of interesting things happened this week in the world of real estate. Notable stories this week included new plans to renovate Bayshore Grove in Coconut Grove, South Florida construction spending, and more. Catch up on this week’s top
Home sellers in the Miami housing market have seen some of the best returns in the nation, according to the Q2 2016 U.S. Home Sales Report from RealtyTrac. Basing its analysis on publicly recorded sales deeds from more than 900 counties nationwide, RealtyTrac
Lennar Homes, a Miami-based developer, recently launched sales for Park Central, its new community located on Northwest 88th Street in Doral, according to the South Florida Business Journal. Lennar is planning to build 585 condos, 228 townhouses, and 77 single-family
There are a number of circumstances under which a home can be built, but in 2015, homes built for sale went up faster than any other, according to a new report from the National Association of Homebuilders. In a
Home price growth in Miami was stronger than the national average, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. The leading home price metric in housing, the Case-Shiller, found that Miami home prices rose 6.6 percent year-over-year in May, which
A recent study by Sungard Availability Services ranked Miami the No. 8 best city for tech startups in the country. The study focused on how each city offers the best environment for tech startups. For Miami, the average rate
Having trouble keeping up to date on all of Miami’s top real estate stories? News this week includes the merger of two major South Florida residential brokerages and the formation of a new commercial developer. In case you missed
