Real estate news in South Florida
Florida homes keep fetching more money than they’re worth, a disturbing development that eventually could put buyers in a bind, according to researchers at Florida Atlantic University and Florida International University.
Mast Capital acquired a majority of the units at La Costa on Miami Beach for more than $100 million in May before the order to evacuate the unsafe structure. They plan to build a luxury tower on the site of the oceanfront condo building that was ordered evacuated by the city.
ALINA Residences in Boca Raton secures $52.8 million loan for second phase of construction.
Verzasca Group, which is developing the 17-story Aurora Sunny Isles Beach, has hired Compass Development Marketing Group to sell out the residential building’s remaining inventory.
Condos.com launched and is a real estate sales website dedicated to new and pre-construction condominiums.
Home values on the Treasure Coast are booming. This surge is caused by new growth in the area economy including an influx of new companies plus out-of-state residents moving to the area.
The competitive homebuying market showed signs of loosening up last month as bidding wars dropped from May despite being higher than they were a year ago.
It could take Miami-area renters more than eight years to save for a down payment in today’s market.
Leadership Florida announces that GL Homes is the 2021 Florida Impact Award winner for Good Night’s Sleep Initiative, Home at Tamarind and Passion for Playgrounds.
The Champlain Towers South collapse emergency is ongoing, and some experts say they expect condo sales, in what was a roaring condo market in Miami, to struggle from the impact. What can agents, sellers and buyers anticipate?