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New research finds that millionaire ranks grew strongly in 2015 There were nearly 111,000 millionaire households in the Miami-Dade area through the middle of 2015, up 7.3 percent from the same period in 2014. Millionaire households now account for 5.0 percent of all households in
Douglas Elliman has released its quarterly market overview, detailing a market where despite slowing demand and swelling inventory, prices continue to grow. Miami Proper In the final months of 2015, Miami’s market maintained an upward trend on prices, with
In Miami, the beginning of the New Year signifies the start of new condo construction projects, many with innovative designs and exclusive appeal. Here are Miami’s most anticipated condo projects breaking ground this year: • Brickell Flatiron: A 548-unit
SplashData, a security solutions provider, released their annual list of the most commonly used passwords on the Internet. Using any of the passwords can leave people at risk from hackers getting to their information. Since 2013, the two most
Criminal king pins of the world beware – Miami’s under surveillance. In not so many words, that’s the message the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) was hoping to convey when it announced its new rules for monitoring
If projections from monitoring entities are to be believed, then it’s entirely possible that Miami Beach will be completely underwater by 2100, with much of the mainland slipping into the sea right behind it. At the very least, flooding will
Douglas Elliman announced Tuesday the addition of Carolina Rainer as a licensed real estate broker associate at the company’s Design District office. According to a statement released by Douglas Elliman, Rainer has joined a team of agents overseeing Miami
Miami Beach was ranked No. 6 in realtor.com’s Top Ten Hottest Waterfront Real Estate Markets. Florida cities dominated the full top 10 list: 1. Sarasota, FL 2. Naples, FL 3. Myrtle Beach, SC 4. Delray Beach, FL 5. Vero Beach,
Since 2011, when South Florida entered its current real estate cycle, Miami-Dade-Broward and Palm Beach counties have added more than 4,200 units across 56 new condo buildings. By 2022, those figures are expected to have risen by an additional
All-cash sales remain a pivotal component of Miami’s housing market The Miami housing market still sees more all-cash sales than any large metro area in the nation, according to new analysis from RealtyTrac. For Nov. 2015, all-cash sales comprised 59.7 percent
In its 2016 Florida Housing Market Forecast, research provider John Burns Real Estate Consulting outlined what it expects to be the defining characteristics of the state’s market this year. The Retiree Effect – In 2010, 27 percent (5 million)
How did the local rent markets close out the year? The Miami rental market may have finally fallen back to earth in 2015, according to new analysis from Reis. For the 12-month period ending in December, Miami rents rose 4.1 percent, slower
Over the last decade, condo prices around Miami-Dade County have seen astounding highs and dismal lows (which mostly correspond to the 2007 economic downturn). And while the Miami condo market has largely recovered from the recession, a 10-year look
Since 2014, home prices have been in what CoreLogic Chief Economist Frank Nothaft recently described as a “sweet spot,” consecutively rising between 5 and 6 percent for 15 months. According to the research group’s newest report, home prices rose
The latest analysis from Dodge Data provided a low-key assessment of new construction in Miami According to the latest numbers from Dodge Data & Analytics, residential construction spending in the Miami housing market totaled $405 million in November. That total is
Industry veteran Adriana Vargas Hernandez has been appointed as director of sales for the highly anticipated, One River Point. One River Point is a pair of riverfront towers designed by Rafael Viñoly, the architect behind Manhattan’s 432 Park Avenue development. Vargas
