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Good News for Luxury Agents – the Millionaire Population is Growing, and Fast

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: Luxury Prices Jump $6 Million-Plus in Miami Beach Last Quarter

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

The Five Most Anticipated Miami Condo Projects of 2016

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

The Top 20 Most Unsafe Passwords for Your Real Estate Business

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

Miami Realtors Divided on Impact of New Government Surveillance

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

Swallowing Miami – The Risk of Rising Sea Level

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

Carolina Rainer Joins Douglas Elliman as a Broker Associate

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 One of the Nation’s Top 10 Waterfront Markets

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,

Can Miami Handle 22,000 More Condo Units?

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 in Miami Remain Highest in Nation

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

Florida’s Housing Market Gets a 2016 Forecast

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)

Is the Miami Rental Market Finally Slowing Down?

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

10 Years of Condo Prices in Miami

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

CoreLogic: Miami Home Price Growth Continues To Surpass Nation’s

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

Miami New Construction on Pace for Lukewarm Year

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

One River Point Appoints Adriana Vargas Hernandez as Director of Sales

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

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