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Understanding South Florida’s wonky condo market

Sales and demand are plummeting, inventory is skyrocketing, price performance varies wildly by neighborhood, and the experts operating at the center of it all can’t agree on whether the market is in a bubble or good shape – this is

Miami median home price hits $325,000

Home prices in Miami continued to rise in June, a new report from the Miami Association of Realtors confirmed. Overall sales remained in decline. Median sales price for a single-family home hit $325,000 last month – a 12.5 percent

Colombia named No. 1 country searching Miami property

Colombia finished as the top foreign country to visit Miamire.com looking into South Florida real estate in May, according to a new report from the Miami Association of Realtors. In recent years, South Florida has been a magnet for Colombian buyers –

2 Miami-area neighborhoods among best opportunity markets in U.S.

Both Homestead and Miami’s 33150 ZIP code offer some of the best housing opportunities in the country, according to a new analysis from RealtyTrac. In its report, RealtyTrac analyzed 3,561 ZIP codes nationwide, focusing on areas with: at least 2,500 residents; an increase

Florida may soon be the land of the old

Florida may soon have more elderly residents than children, newly released Census Bureau estimates suggest, according to a report from the Wall Street Journal. In 2015, the U.S. had 54 percent more children under 18 than adults 65 and

Is Miami’s market in a bubble? One analyst offers an answer

Is Miami’s luxury condo market in a bubble? Some will tell you it’s a stupid question to ask; that of course the market isn’t in a bubble; that the market has taken precautions this time around. But according to

This week in Miami real estate: Energy drink company owner pays $20 million in cash for a Miami Beach pad, and more

Having trouble keeping up to date on all of Miami’s top real estate news? Some of this week’s top stories include Rockstar Energy Drink creator Russ Weiner’s multi-million dollar Miami Beach purchase and a talk of a new luxury tower

The 10 best places to live in Greater Miami are…

Pinecrest is Greater Miami’s best place to live, according to new rankings from Niche. The review site based its rankings on a set of criteria that encompassed the area’s education, economy, average commute, family friendliness, weather, diversity and nightlife.

Miami commuters are lucky – here’s why

Every day, millions of Americans in hundreds of cities across the country wake up and have to catch public transit – whether it be a bus or train. The experience is more pleasant for some than others. And in

And Miami’s two coolest neighborhoods are…

Where are the coolest neighborhoods in the U.S.? And are any of them located in Miami? Real estate brokerage Cushman & Wakefield set out to locate those neighborhoods with its “Cool Streets Report,” and two in the Miami area –

Miami is sinking, and we have to do something about it

I am worried about climate change, especially here in South Florida. And you should be too if you live here. Experts have been painting a very ugly picture of Florida’s future if we don’t start to change now. The

This week in Miami real estate: Luxury condo begins selling in Fort Lauderdale, Doral City Council nears project approval, and more

It was a busy week in Miami real estate, as is so often the case. But if you weren’t able to keep up with everything, don’t worry; we’ve got you covered. Here’s what happened: Luxury condo now selling – The

Why Miami’s real estate professionals are officially concerned about climate change

Miami real estate professionals are finally starting to acknowledge the serious impact climate change is having and will have on the entire South Florida market, the Miami Herald’s recent Miami-Dade County Real Estate Study confirmed. But are they doing

Why 157,000 Miami renters cannot buy homes

Earlier this week, we reported on the sobering findings of the Joint Center of Housing Studies’ latest report, which found that millions of households in America are struggling with housing costs, much to the detriment of housing markets across

Florida to become $1 trillion economy – What does it mean for Miami agents?

By 2019, the size of Florida’s economy is projected to be nearly $1.1 trillion, according to a new projection from University of Central Florida economist Sean Snaith. Today, that would make Florida the world’s 16th largest economy, and that

5 local lenders honored in NAHREP’s mortgage originators award

The National Association of Hispanic Real Estate Professionals released their top 250 Latino Mortgage Originators Award for 2016, and five South Florida lenders were honored. Some of the lenders appear within the top 100 Latino Mortgage Originators from non-depository lenders as

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