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4 Miami ZIP Codes Average 60+% ROI on Flipped Homes

Though we’ve moved past the golden years of flipping that followed the housing market’s collapse in 2007, as the market returns to a stable posture – consistent price increases included – the practice of flipping is regaining some of its

Miami Renters Most Cost Burdened

For nearly a decade, the nation’s homeownership rate has been in decline. Since 2004, when homeownership peaked at 69 percent, the rate has fallen nearly 6 percentage points down to 63.7 percent in the first quarter of 2015, according

Brickell Flatirons Hires Italian Designer Massimo Iosa Ghini

The CMC Group has hired the renowned Italian designer Massimo Iosa Ghini to decorate the interior of the Brickell Flatirons. Iosa Ghini founded Iosa Ghini Associati and the Bolidismo Group in 1985. Iosa Ghini has done designs for commercial, residential, public and

More Brazilian Buyers Are Looking At Miami

The Miami Association of Realtors released its report on international web searchers today, and, as has been the case for 14 of the last 15 months, Brazil ranked as the top foreign nation using Miamire.com. In Aug. 2015, Miami

MIAMI: Single-Family Sales Rise in September

September was a strong month for Miami’s single-family market, as sales and prices rose in moderate tandem, signifying continued strong demand heading into a traditionally slower season, according to a new report from the Miami Association of Realtors (MIAMI)

CoreLogic: Cash Sales Remain Above 50% in July

Cash sales dropped ever closer to the pre-crisis norm of 25 percent in July, falling from 34.2 percent 12 months earlier to 30.8 percent, according to a new report from CoreLogic. With traditional financing becoming a more realistic option

Case-Shiller: Miami Home Prices Rising Strongly

Home prices in Miami continue to rise Home prices in the Miami metro area rose 0.4 percent monthly and 7.4 percent year-over-year in August, according to the new Case-Shiller Home Price Indices from Standard & Poor’s. Though Miami’s monthly price growth was consistent

Peebles Corp. Sells Miami Beach’s “Last Vacant Oceanfront Property”

A while back, news reports started trickling in that development company Peebles Corp. had plans to sell its much talked-about Bath Club Estates development site. After months of sifting through bids, the nearly 1-acre plot was finally sold to

Miami Real Estate Professionals Are Earning More

The Business Journals, analyzing the latest Census Bureau data, has compiled a list of the most profitable U.S. cities for a wide range of professions, including loan officers and real estate agents. In Miami, 2014 salaries for loan officers

The Jills Sell Miami Beach Estate for $9.2 Million

The estate located at 4539 Pinetree Dr. recently sold for $9.2 million. The Jills, Coldwell Banker’s No. 1 sales team,   represented a seller who bought the estate, which was built in 1951. The house has five bedrooms and is 6,311 square feet.

One Sotheby’s Announces Partnership With Miami Heat

ONE Sotheby’s International Realty and the Miami Heat recently announced a multi-year partnership. This collaboration makes Miami’s leading luxury brokerage firm the official real estate partner of the famed basketball team, which plays out of the AmericanAirlines Arena. ONE Sotheby’s

CoreLogic: Magic City Inches Closer to Foreclosure Normalcy in August

Recovery continues as foreclosure levels dropped yet again in August. National foreclosure inventory fell 25.2 percent year-over-year and completed foreclosures dropped 20.1 percent, according to a new report from CoreLogic. The latest decline in foreclosures is only the latest step

State’s Billion Dollar Foreclosure Prevention Program “Lagging Behind”

The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) released an audit this week that criticized the Department of the Treasury and Florida Housing Finance Corporation over their management of a controversial, billion-dollar program aimed to keep struggling families in

Miami Among Nation’s Top 20 Markets

The Urban Land Institute released its 2016 Emerging Trends in Real Estate report and survey recently – the 36th edition of the institute’s trends and forecast report – providing analysis of the nation’s top real estate markets, and subsequently

Melo Group’s Aria on the Bay Now 50% Under Contract

Melo Group’s newest project, Aria on the Bay, has exceeded the 50 percent sold mark, with all sales already under hard contract. The 648-unit, 53-story luxury condominium is currently under development in downtown Miami, and is slated for completion

Elysee Condo Structural Design Approved by the FAA

The Federal Aviation Administration has approved designs for Elysee Residences, a condominium tower in every sense. The 57-story, 649 feet tall structure will be a three-tiered telescoping shape with only two units per floor. This allows residents to have a

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