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CoreLogic: Florida Inventory Drives Price Gains

Moderate home price gains in February suggest the market may be stabilizing. Home prices continued their strong ascent in February, according to CoreLogic’s newest Home Price Index. Including distressed sales, home prices climbed 5.6 percent from the same time

Transit and Real Estate: The Importance of Moving Forward

Miami is ranked as one of the world’s most congested cities. What are the options? Miami is in a state of positive flux, where building is helping the city transition from an appealing American vacation destination to one of

Miami’s Rental Market Continues to Shine

It’s been common knowledge that Miami’s rental market is growing strongly, but is that still the case? For some time now, Miami’s rental narrative has been remarkably consistent, one of rising rents and high demand. Did that trend continue in 2015’s first quarter, though?

Coldwell Banker’s The Jills® List $11.75 Million 
Venetian Skyline “Penthome”

Coldwell Banker’s The Jills recently listed an $11.75 million skyline penthouse owned by global real estate visionary and marketing doyen Louise M. Sunshine. Situated in the popular Sunset Harbor/Venetian Island area of Miami Beach, the new and completely rebuilt two-story

Case-Shiller Finds Miami Home Prices Soaring

Home prices in Miami are growing, and at a rapid rate. Miami home prices posted lukewarm numbers in the latest Case-Shiller Home Price Indices, which looked at data from Dec. 2014 to Jan. 2015. From December to January, Miami prices were

Housing Affordability a Tale of Two Cities in Miami

Housing affordability is a major problem, and new research has added an additional wrinkle to the crisis. Housing affordability (especially in the new home market) may be worsening nationwide, but it has nothing on the affordability squeeze facing renters

New Construction in Miami Lukewarm in February

What was the deal with our local new construction marketplace last month? February proved a lukewarm month for residential new construction in the Miami area, according to new numbers from Dodge Data & Analytics. For the month, residential construction in Miami totaled

Miami Developers Help Overtown Residents Save Money

Construction of a new development in Overtown promises a much-needed lift for one of the city’s poorest neighborhoods.   A new construction project in Miami’s historic Overtown neighborhood ceremonially broke ground on Wednesday, March 18, as part of a

A South Florida Beacon: Miami Attracts All Corners of the Globe

Figures from both national and local Realtor associations paint a very clear picture: Miami is a popular destination. The important role the Internet plays in today’s homebuying process is a worn out observation, but that doesn’t negate its relevance.

Why Soaring Inequality is Terrible For Housing

Everyone should be concerned about rising levels of inequality – especially residential real estate professionals. The Brookings Institution just updated its data metrics on inequality in the U.S.’ largest metro areas, and the results are – to put it

Swire Properties Tops Off Second Master-Planned Luxury Condominium Tower

Brickell City Centre’s REACH construction team recently celebrated the completion of the final premier luxury condominium tower at the $1.05 billion master-planned, 5.4 million square-foot, mixed-use development. At the ceremony, Stephen Owens, president of Swire Properties, which oversees sales at the condominium, addressed

Miami Sales Remain Strong in February, but Are They Too Strong?

Strong February numbers represent a healing market. But is it healing too much, too fast? February proved yet another fruitful month for the Magic City, with single-family home sales registering double-digit gains and median sales prices continuing their three-year

Lion Share of New Construction in Miami Affordable Only For Affluent Consumers

The single-family home market for new construction has trended towards affluence, and so has the rental market. The last couple months, we’ve been reporting with regularity on how our nation’s issues with inequality have manifested themselves in new construction,

Negative Equity Remains Considerable Problem in Miami’s Lower Price Points

Sure, negative equity has improved overall, but what of properties on the lower-end of price spectrum? Though 19 percent of mortgage properties in Miami remain in negative equity, that pales in comparison to the 33.6 percent of properties in the metro area’s

Chris Tello Elected MIAMI’s 2015 President of the Broward Board of Governors

Chris Tello, SFR, has been elected as the MIAMI Association of REALTORS’ 2015 President of the Broward Board of Governors.  The Broward Board of Governors is dedicated to leadership in the Association, the Real Estate profession, and the communities they

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