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Miami Housing Prices Rise by Double-Digits

Median sales prices for Miami single-family homes and condominiums each registered double-digit growth while total residential sales increased in May, according to a new report by the MIAMI Association of Realtors (MIAMI). Single-family home transactions — which set an all-time

Miami Association of Realtors Announces Direct Listings Agreement with Zillow

Through implementation of the Zillow Data Dashboard, Miami brokers now have the option to market their inventory directly on Zillow and Trulia. They will not have to establish individual data feeds or enter into separate agreements with Zillow Group,

Why so Few Renters are Buying Homes

Many wonder why renters are not buying homes at a higher rate, but when one analyzes the numbers, it makes perfect sense. First, there was the notable study from John Burns Real Estate Consulting, which found that only 14.7 percent

Millennials Priced Out of Miami

Miami one of the least affordable cities in the U.S. for Millennials The average Millennial can’t afford to live in Miami, according to the new Bloomberg Millennial Housing Affordability Index. Bloomberg L.P., a financial software and data company, compared

CoreLogic: Strong Dollar Pushes Out Foreign Cash in Miami

CoreLogic’s March cash sales report found cash purchases are falling dramatically all across the nation The pool of real estate cash is shrinking as all-cash buyers continue leaving the market, making way for more traditionally financed buyers, particularly first-time

Multifamily Dominates New Construction in Miami

In the last 10 years, the market share for multifamily construction has grown by an extraordinary amount In April, the most recent month for which we have data, multifamily construction soared 35.5 percent across the country from March. That was

CoreLogic: Miami’s Distressed Sales Cut in Half

Compiling data from CoreLogic, we review nearly a decade of distressed sales data CoreLogic released its distressed sales report for the month of March this week, and what the group revealed was nothing short of expected: REO and short sales

Is Miami’s Strong Market Too Dependent on Foreign Clients?

In March, Miami was described as one of the nation’s most popular markets, making good news not unusual for the city. However, can the numbers hold in the face of declining international interest? BUILDER online is looking at the

RealtyTrac: Nation Faces Zombie Outbreak

RealtyTrac’s Q2 Zombie Foreclosure Report shows macro progress and micro struggles Zombies are plaguing the nation, but no amount of shotgun shells and machetes are likely to help. Less likely to shuffle after a person’s brainy bits than they

CoreLogic: Is a Wave of Foreclosures Heading for the Magic City?

CoreLogic’s April Foreclosure Report revealed another month of positive stats…for most markets Since late 2008, when the walls of the world’s economy started to tumble, approximately 5.7 million foreclosures have been completed in the U.S., and even more if

ONE Sotheby’s International Realty Names Anna Rossie-Alvarez Director of Commercial Division

Commercial Real Estate Veteran to Oversee the Firm’s Growing Commercial Portfolio Mayi de la Vega, founder and CEO of luxury real estate leader ONE Sotheby’s International Realty, is pleased to announce that Anna Rossie-Alvarez has joined the firm as commercial

Is Miami’s Luxury Housing Market Falling Behind?

Could Miami’s strong luxury housing market be slowing down? Sales prices for Miami’s luxury housing market slipped behind the general marketplace this year, according to a new Redfin analysis of the nation’s luxury markets. Redfin’s study analyzed the top 5 percent of

Famed Local Attorney and Philanthropist Jim Ferraro Purchases Palazzo Del Sol Penthouse

Jim Ferraro, internationally know lawyer, recently purchased Palazzo Del Sol’s 6,644-square-foot penthouse and will use it as his main residence. While Ferraro earned his fortune by litigating cases against large chemical companies, he is earned his larger-than-life reputation by

Morabito Properties Tops Off Beach House 8 Condominium in Miami Beach

On Friday, June 5, New York-based real estate development company, Morabito Properties, announced the topping off of Beach House 8. Located in Miami Beach, this 10-story, eight-unit luxury condominium is scheduled for completion at the end of 2015. The

CoreLogic: Miami Homes Appreciate in April

New study from CoreLogic reveals how prices are changing around the country Marking more than three years of consecutive year-over-year growth, home prices nationwide, including distressed sales, pushed forward another 6.8 percent in April, according to a new report

Old Cutler-Hammock Oaks the 4th Richest Neighborhood in U.S.

New ranking of nation’s richest neighborhoods places Old Cutler-Hammock Oaks in very prominent position Coral Gable’s Old Cutler-Hammock Oaks is the fourth-richest neighborhood in America, according to a new analysis of the wealthiest areas in the country. The study,

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