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Miami Home Price Growth Remains Strong in October

Strong home price growth continued in Miami in October, with prices rising 8 percent year-over-year, and 0.7 percent from September, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. As testament to Florida’s strong home price

Homeownership Out of Reach for Many Miami Renters

Stagnant wages and high rents combine to push homeownership out of reach for thousands of Miami residents Nearly 800,000 renters in the Miami housing market struggle with the cost of housing, according to a new report from the Joint Center of Housing

MIAMI Extends Its International Reach with 6 New Partnerships

In a move to further strengthen its international network, the Miami Association of Realtors this week announced new partnership agreements with organizations on four continents. MIAMI penned agreements with six real estate associations in South America, North America, Europe

CoreLogic: Majority of Miami Sales are Cash

The number of all cash transactions peaked in Jan. 2011, accounting for over 46 percent of total home sales. In September of this year, cash sales represented a much smaller portion of total sales with a 32.5 percent share,

Miami’s Skyline in 2030

There are plenty of high-rise developments going up around Miami, but only a select few will contribute to shaping the city’s skyline over the next 15 years. Thanks to luxury creative and branding agency Visualhouse, we’re getting a brief glimpse

Vertical Construction is Underway at Aria on the Bay

After months of laying foundation and piling work, vertical construction is officially underway at Melo Group’s Aria on the Bay condominium development. In November, almost 1000 trucks completed a concrete foundation pour of more than 8,000 cubic yards of

Miami Association of Realtors Wins Platinum Award for Global Achievement

For the 5th consecutive year the Miami Association of Realtors has won the NAR Platinum Award for Global Achievement. The Platinum Award is the highest honor awarded by NAR, and Miami is the only city to win this award continuously

Douglas Elliman’s Newest Office in Wellington is Now Open

Douglas Elliman has announced the opening of the firm’s newest Wellington office at the Palm Beach Polo and Country Club. Wellington makes the brokerage’s 16th office in the South Florida market. Don Langdon will be in charge of the new office

Bijou Bay Harbor Appoints Eduardo Pruna as Sales Director

Bijou Bay Harbor has recently announced Eduardo Pruna as the new sales director; the announcement was a collaboration with Crescendo Real Estate for its new waterfront development in Bay Harbor Islands. Pruna and Ivan Ramirez (president of Crescendo Real

CoreLogic: Miami Homeowners Have More Equity in Q3

Year-over-year gains in national equity were in the double digits at the end of this year’s third quarter, as a healing economy helped keep home price appreciation positive and consistent, according to a new report from CoreLogic. On Sept.

Redfin: Miami Beach Most Unequal City in America

We’ve known about the inequalities in Miami housing for some time, as home price appreciation has outpaced wage growth by about 28 percent over the last two years. Redfin’s most recent third-quarter luxury report emphasized the gap between luxury sale

MIAMI and JTHS Avoid Suit, Merge

In late August, the Realtor associations of Miami and the Palm Beaches were at odds, trading legal blows over a potential merger between MIAMI and the Jupiter-Tequesta-Hobe Sound Association of Realtors (JTHS). As of Sept. 22, JTHS is officially

CoreLogic: Florida Foreclosures Drop as New Year Approaches

October was another month of declining foreclosures, both nationwide and in most major metropolitan areas, a CoreLogic report confirmed this week. Dropping by just over 21 percent year-over-year, the nation’s foreclosure inventory reached a 1.2 percent share this past October,

Restaurateur Myles Chefetz Buys $3 Million Townhouse

Celebrity chef and restaurateur Myles Chefetz has recently signed a contract to buy a $3 million townhouse at JMH Development’s Three Hundred Collins. It is the first luxury residential development in Miami by architect Thomas Juul-Hansen. The development will be located at

MMD Realty Welcomes New VP of Sales

MMD Realty and Prestige Estate Properties recently welcomed their newest addition: Jim Scandirito as vice president of sales. Scandirito is a luxury market sales veteran, with 20 years of leadership experience. His expertise is in sales, management, business development

One Sotheby’s Appoints Rose Marie Minio as Global Advisor

ONE Sotheby’s International Realty recently announced the return of Rose Marie Minio as its new global real estate advisor. Her new role will involve leveraging the South Florida market and catering to prospective international buyers. Minio previously lead the sales

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