Local News

Real estate news in Atlanta

South Florida rents, mortgages both on the rise and breaking records

Rising prices and rates are driving up mortgage payments which are pushing up demand for rentals.

Inventory falls 40% from pre-pandemic levels, as home values accelerate

Rent growth also slowed in December, posting the lowest monthly increase since February 2020.

Miami among top 10 most neighborly cities in America

StorageCafe surveyed 11,000 Americans to determine what, exactly, makes a friendly community — and where those communities are.

Florida among top 5 states to own a ‘tiny home’

The financial service provider IPX1031 has conducted a study to determine the overall best states in which to own a tiny home.

Donald Trump announces expansion plan for Doral resort

Donald Trump announced plans this week for an expansion at Miami’s Trump National Doral resort.

Home supply sees largest decline since pandemic’s start

December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.

Illustrated Properties welcomes new president Daniel Dennis

Illustrated Properties based in Palm Beach Gardens has hired the CEO of South Alabama’s largest real estate firm as its new president.

Mortgage applications, interest rates rise first week of January

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association associate vice president of economic and industry forecasting Joel Kan

Florida leads list of top-selling master-planned communities

Florida is home to 15 of the top-selling master-planned communities (MPCs) in the nation, according to a year-end report by RCLCO Real Estate Consulting.

Broward County closes out record-breaking year

Broward County set a record for the most annual home sales in November, according to the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS).

Palm Beach luxury market hot commodity for foreign buyers

With global vaccinations rising and unstable political situations around the world, the luxury real estate market in South Florida — particularly Palm Beach County — is seeing an increase in foreign homebuyers.

Miami-Dade County posts best November sales month in history

Miami-Dade County saw its best November sales month in history as existing condo sales surged double digits for the 14th consecutive month. 

Report spotlights downtown Miami’s rebounding residential market

Downtown Miami’s residential real estate market is making a full recovery as area neighborhoods continue to see rapid development, according to a report from the Miami Downtown Development Authority (Miami DDA).

Alex Rodriguez sells Miami property for $6.3M

Retired baseball star Alex Rodriguez recently sold his Miami home for $6.3 million, according to a report by Realtor.com.

S&P CoreLogic Case-Shiller: Miami home prices continue their climb

Nationally, housing prices were also on the rise, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. 

South Florida popular among renters this year

Southwest Florida, Broward County, Palm Beach County and Miami-Dade County were among the top 50 most competitive rental markets in 2021, according to a year-end report from RentCafé.

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