During the 2005 to 2007 bubble years, the gap between home prices and the long-run sustainable values in the U.S.’ largest 100 markets was approximately 10 percent, meaning that housing was 10 percent overvalued to its fundamentals. When the market

RelatedISG International Realty recently opened a new general office in Coral Gables and publicized the acquirement of a new brokerage team in Broward County. “One of our goals is to carry out the tradition of our parent companies and to

On Thursday, Sept. 3, 13th Floor Investments and Key International announced that they have closed on a $30.5 million, five-acre purchase at 16385 Biscayne Blvd. in North Miami Beach. The firms plan to use the land to build a two-tower,

The Miami Association of Realtors is heading to Brazil. At a Sept. 13-15 Realtor conference and expo in Curitiba, Brazil, MIAMI representatives will be able to network with with 4,000 brokers and investors from around the world, where they

Terrazas condominiums has announced that is had just hit 150 sales and is almost 50 percent sold out. The building has 324 units and has two towers. Terrazas has one-, two- and three-bedroom apartments, lofts, townhomes and penthouses. The units are priced from

The CMC Group plans to construct  Brickell Flatiron Towers, which is expected to be one of the tallest residential skyscrapers in Miami. The building will be 64 stories and stand 736 feet above street level. The building will offer 1 to 5 bedroom

ONE Sotheby’s International Realty is getting ready to open its doors to Kai at Bay Harbor Islands. The new condominium will be seven stories high and have 54 units. The condos include one- to four-bedroom units that range from

Foreclosures continued losing market share in July, as inventory declined 27.9 percent from the same time last year, with completed foreclosures dropping 24.4 percent, according to CoreLogic’s latest report. Foreclosure inventory represented 1.2 percent of all mortgaged homes in

Avatar Real Estate has welcomed its two newest Realtors, Michael Romero and Sarah Sanchez Castillo, to its South Miami office. Romero has a degree in construction management and focuses on property investments. At Avatar, Romero hopes to further his career goals

Around the nation, the risk of natural disasters varies depending on a number of factors, including geographical makeup and location. In its 2015 U.S. Natural Disaster Housing Risk Report, RealtyTrac found that 35.8 million single-family homes and condos, or

Last week, the Realtors Association of the Palm Beaches (RAPB) filed suit against the Miami Association of Realtors (MIAMI) and the Jupiter-Tequestsa-Hobe Sound Association of Realtors (JTHS), alleging the two Realtor groups, which are currently in the process of

On Wednesday, Sept. 3, the development team for Miami’s new Biscayne Beach condominium announced that construction had reached the 25th floor of the 52 floor luxury community. The projected date for completion is sometime in March 2016, with delivery

Home prices were up again in July, according to a new report from CoreLogic. Year-over-year, home prices, including distressed sales, jumped 6.9 percent nationwide, while excluding distressed prices increased 6.7 percent. The price increases reflect an overall strengthening of

Every year, heavy rains and high tides force coastal sea levels surrounding South Florida to rise, which result in serious flooding for the Magic City, particularly in Miami Beach. Concern is only growing as the implications of climate change

Miami has found its footing as a truly international city, attracting buyers and investors from literally around the globe, including heavy interest from China, where an economic crisis is convincing residents to take their money elsewhere. However, despite its

This year is shaping up to be a positive one for new construction in Miami Residential construction spending in the  Miami area was up 88 percent year-over-year in July, and so far in 2015 is 40 percent ahead of where it was last