Brazilians are spending more money in the U.S. than ever…and Miami is benefitting big. A port of indulgence for Brazil’s elite, Miami has catered to South American investors for decades, helping them funnel huge sums into lavish, coastal condominiums.

Marc Puleo, former CEO of 1-800-PET-MEDS and current owner of Enrique Iglesias’ former mansion, placed Villa Jasmine on the market for $25 million on Wednesday. After completing renovations on the property in 2003, Iglesias sold the mansion a year later to

The Magic City ended 2014 well, but several problems are still likely to plague the South Florida market in the new year. Miami’s housing market performed well in the final months of 2014, leveraging a surge of consumer confidence

CoreLogic report shows widespread drops in cash sales. Cash sales continued to drop in November, according to a new report from CoreLogic, which found an increasingly significant portion of all-cash buyers leaving the market, particularly investors. Ebbing closer to

Minority groups have a harder time accessing mortgages in the U.S., including here in Miami. In the Miami metro area, 21.2 percent of mortgage applicants are denied in their quest for conventional mortgages, according to a new analysis from Zillow; that’s not only substantially

Foreclosure activity in 2014 ended well, but pockets remain in dire straights. To cap off 2014, the national foreclosure inventory continued deflating, falling a staggering 34 percent year-over-year, according to CoreLogic’s newest foreclosure report. As of December, the nation’s

Hundreds of thousands of homes have fallen into zombie foreclosure, RealtyTrac says, but it might not be the worst thing ever. In RealtyTrac’s recently released Q1 2015 Zombie Foreclosure Report, the real estate research company discovered that of the

Miami did not set the world on fire with its rise in asking prices, but that’s perfectly fine Asking prices in Miami began 2015 on a sound note, according to the Trulia Price Monitor. Though prices were up a healthy 11.3 percent year-over-year

Realtor Associate Sari Ploshnick has joined Avatar Real Estate Services’ Miami Beach office. Sari brings an incredible resource to the Avatar Team as a highly motivated entrepreneur with the proven skills to develop, grow and successfully manage a sales

The Temple House, a synagogue turned single-family home in South Beach, is on the market again for $19.9 million with Susan Gale of ONE Sotheby’s International Realty as the listing agent. The 13,111 sq. ft. space at 1415 Euclid Avenue is the

Plaza Construction and 4701 North Meridian, LLC (Lionheart Capital & Elliot Management Corporation) have partnered with Power Design, Inc. on the construction of Ritz Carlton Residences Miami Beach. The 126-unit high rise luxury condo development in Miami will include two 24-hour

One may think that warmer months are better for selling homes, but the data tells another story. What if we were to tell you that it really makes no difference when you list your client’s home, in terms of

We’ve covered multifamily ascendence before, but this is the most telling statistic of all. Earlier this week, we reported on two facets of new construction: first, that overall construction spending in Miami grew by hefty amounts in 2014; and second,

Slow home prices in December are likely to roll over into 2015. Early today, February 3, CoreLogic released its Home Price Index for December 2014. While price appreciation was relatively flat from a month prior, CoreLogic researchers found prices

2014 was a VERY good year for new construction in Miami, according to the latest stats. Total residential construction spending in the Miami area was $6.623 billion in 2014, a 62 percent increase from 2013, according to new numbers from Dodge

Hundreds of thousands of potential homebuyers will be boomeranging back to the housing market over the next seven years. The Miami area is poised to see more than 322,000 potential homebuyers enter the housing market fray over the next seven