Local News

Real estate news in South Florida

Study shows Florida homes overpriced by more than 20%
Study shows Florida homes overpriced by more than 20%

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.

La Costa evacuated, and Mast Capital buys with plans to demolish
La Costa evacuated, and Mast Capital buys with plans to demolish

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.

$52.8M construction loan secured for second phase of ALINA Residences
$52.8M construction loan secured for second phase of ALINA Residences

ALINA Residences in Boca Raton secures $52.8 million loan for second phase of construction.

Compass takes over sales at Aurora Sunny Isles Beach
Compass takes over sales at Aurora Sunny Isles Beach

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.

Miami based Condos.com launches
Miami based Condos.com launches

Condos.com launched and is a real estate sales website dedicated to new and pre-construction condominiums.

Why the Treasure Coast housing market is booming
Why the Treasure Coast housing market is booming

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.

Homebuying competition lessens in Miami. Could the market be losing steam?
Homebuying competition lessens in Miami. Could the market be losing steam?

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. 

How long would it take a renter to save up for a down payment in today’s market?
How long would it take a renter to save up for a down payment in today’s market?

It could take Miami-area renters more than eight years to save for a down payment in today’s market.

GL Homes wins 2021 Florida Impact Award from Leadership Florida
GL Homes wins 2021 Florida Impact Award from Leadership Florida

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.

What the condo collapse means for agents, sellers and buyers in South Florida
What the condo collapse means for agents, sellers and buyers in South Florida

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?

[gravityform id="3" title="true" description="false" ajax="true"]