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Miami’s Housing Market is Not Selling as Fast as You Think

We keep hearing about how time on market continues to fall, but what do the averages tell us about how fast our market really is? Earlier this week, we reported that nationwide, time on market has fallen seven days

Price Per Square Foot Skyrockets in Miami

March was a very good month for price per square foot in our housing market, according to Movoto. Those signs of a housing recovery just became a bit brighter. According to the latest State of the Real Estate Market

Rent Takes a Much Bigger Bite Out of Miami Resident’s Incomes

We’ve been hearing for some time that rents are increasing, but new numbers from Zillow present the issue in a new light. Rising rents, like falling home prices, have been one of the prevailing narratives of the post-bubble housing

Taxpayer Deductions Vary Across South Florida

Deductions are a big part of homeownership; how common are they here in our local marketplace? If you know homeownership, you know the mortgage interest tax deduction, the great grandmaster of tax deductions in the U.S. Indeed, homeownership and

107-Year-Old Historical Landmark Up For Sale

Authentic in all of it’s “frame vernacular” architecture, a historical landmark of Miami’s pioneer past with ties that go all the way back to President Theodore Roosevelt, and over a 100 years old – the Charles Graham House has

Trio of Investors Acquire Coconut Grove Property for $29.5 Million

A 9-story, bay-front office building in Coconut Grove is under new ownership. According to a recent press release, Mast Capital, Wexford Capital and 13th Floor Investments purchased the property, located at 2699 South Bayshore Drive, for $29.5 million. According

Melo Group Secures $40 Million Loan for the Development of Bay House Condominium

Miami-based real estate developer Melo Group has closed on a $39.2 million loan from Florida Community Bank for the construction of the Bay House, a 38-story luxury condominium located in Miami’s East Edgewater neighborhood. Construction on the project began

Miami is the Top Choice for Foreign Investments in Luxury Real Estate

Miami has become the second most popular real estate market for foreign homebuyers, according to a recent study from Realtor.com. Of the top three cities, Miami offers some of the lowest prices and interest rates. With a large number

Housing Inventory in Miami Continues to Increase

It’s been a verifiable roller coaster ride the last couple years when it comes to housing inventory, but are we finally out of the woods? Housing inventory in the Miami housing market rose a whopping 26.8 percent year-over-year in

Miami Among Nation’s Densest Urban Areas

In the age of new urbanism, where does our metro area rank in terms of density and sprawl? “Density” and “sprawl” have become big buzzwords in housing the last couple of years, and for good reason. With gas prices,

All-Cash Sales in Miami Remain Enormously Prevalent

The housing market has made considerable strides in the last 18 months, but all-cash sales are still in abundance. We’ll cut to the big stat – in Jan. 2014, the latest month for which data exists, a whopping 63.1

The Relative Rarity of Million-Dollar Listings in Miami

Sure, our area has some wonderful luxury housing markets, but in the grander scope of the market, how common are those million-dollar listings? We may hear about luxury real estate on a consistent basis, but luxury listings in the

Former Major-Leaguer Mickey Lopez Joins RE/MAX Advance Realty

RE/MAX Advance Realty (RMA), Miami’s largest RE/MAX office, is pleased to announce the addition of Mickey Lopez to its team. Lopez comes to RMA after nine years with Southeast Properties, where he specialized in commercial real estate sales. Before working

Miami Asking Prices, Rents Continue Strong Increases in March

March was another solid month of price increases in the for-sale and rental markets, both locally and nationally. Miami’s asking-price fortunes continued in March, according to the latest Price Monitor from Trulia, with asking prices in the area’s housing

Very Few Miami Homes Affordable on a Median Salary

Affordability is often crunched into a single number, but how does it differ across the spectrum of salaries? The vast majority of Miami’s housing stock is unaffordable for someone earning a median salary. That was the central finding of

CoreLogic: Foreclosure Markets in Florida Improve Radically

There are many uncertainties in the world, but here’s one thing we know for sure – progress has been made on the foreclosure front. Foreclosure inventory in the Sunshine State housing market dropped 39 percent year-over-year in February, according

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