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Real estate news in Atlanta

Miami Falls Big in Labor Rankings

CareerBuilder releases new labor market rankings In late May, CareerBuilder released its second quarter Labor Market 150 Index, which attempts to evaluate and rank the country’s largest metros. Using data from the employment website’s data arm, EMSI, or Economic

Miami Residential Construction Slowing in 2015

2015 shaping up to be a modest year for new construction in Miami Residential construction spending in the Miami area was down 19 percent year-over-year in May, and so far in 2015 is 14 percent ahead of where it was last year. Those were

Miami Rents Soar Further in Second Quarter

How has Miami’s rental market developed in 2015’s second quarter? New data from Reis provides some perspective. Miami’s rental market has been one of the hottest in the nation, and new numbers from Reis on the second show show that

Design District Welcomes Addison House

Metro 1, the Miami real estate organization, and Addison House, a supplier of contemporary furniture in the luxury market, have teamed up to facilitate the opening of the brand’s third location in South Florida. Located in the Design District, on

RE/MAX Advance Realty Broker-Associate Mercedes Saaverdra Named One of the top 250 Latino REAL Estate agents in America

Mercedes Saavedra, a RE/MAX Advance Realty (RMA) broker-associate, has been named one of the Top 250 Latino Real Estate Agents in the U.S., according to a report from the National Association of Hispanic Real Estate Professionals (NAHREP). A Cuban native and

Distressed Sales Plunge in Florida

Over the last year, distressed home sales have become far less prominent in Florida’s housing market Distressed sales throughout Florida comprised 16.3 percent of all home sales in May, a marked drop from the 30.1 percent market share of a year

Back to Back Multi-Million Dollar Deals for Avatar Cofounder Schrager

Two multi-million dollar properties were sold within one week of each other by Avatar Real Estate Services Cofounder and Realtor Associate Toni Schrager, resulting in two back-to-back record-breaking sales. The first property is 3305 South Moorings Way, a seven

Miami Home Prices Rise Strongly in Case-Shiller

Home prices positive in latest Case-Shiller, but are there signs of a slow down? Home prices in the Miami area posted strong gains in Standard & Poor’s latest Case-Shiller Home Price Indices, rising 0.9 percent from March to April and 8.5 percent from

Engel & Völkers Jupiter Announces Record-Breaking Sale of Estate on Jupiter Island

Privately marketed listing sells in seven months for $38 million. Today, June 29, Engel & Völkers Jupiter announced the record-breaking sale of one of the most sought after properties on Jupiter Island. The seller of this property is the

Negative Equity Still Huge Problem in Miami

Progress has been made on negative equity front, but troubling trends persist In the Miami housing market, 17.4 percent of mortgage holders remain underwater, and a majority will not reach positive equity for some time. That was the sobering finding of

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

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