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

“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 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 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).

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

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).

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

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

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.

Florida ranked No. 2 in the country for most residents gained between July 2020 and July 2021, according to recent U.S. Census Bureau data.

Fears of an economic fallout are causing long-term U.S. mortgage rates to fall as the newest COVID-19 strain reignites worry among Americans. 

As vacant land disappears and more out-of-state homebuyers flock to South Florida, the region’s aging beachfront high-rise condominiums are a gold mine for local developers who are looking for redevelopment opportunities.

Since the initial stay-at-home orders were sparked by COVID-19, home improvement and remodeling projects have become increasingly popular. On average, homeowners spend $2,995 per project, according to a report. 

The holiday season has done little to deter homebuyer demand as the number of real estate showings at new property listings is heating up across the country. New listings in 13 housing markets averaged double-digit showings in November, according to the latest data from ShowingTime.

Check out the local stories which most interested our South Florida readers in 2021.