Local News
Real estate news in Atlanta
In July, Florida’s housing market reported higher median prices, more new listings and a rise in all-cash sales compared to a year ago.
Top Florida brokerage continues rapid expansion with the addition of Harding Realty’s international team.
Miami-Dade County real estate set a record for the most total home sales in a three-month period in the second quarter, as pent-up demand, more U.S. individuals and companies moving to South Florida and record-low mortgage rates fueled transactions.
Smaller, more affordable homes are hitting the market, helping moderate median list prices, according to Realtor.com.
Throughout the 1940s, Victor Nurmi was Fort Lauderdale’s pioneer developer and architect. He is the mastermind behind Nurmi Drive, home to Nurmi Isles: waterfront properties which were heralded as the “Venice of America.” And the home at 90 Nurmi Dr. remains one of his ultimate masterpieces.
The number of new entry-level homes with two-bedrooms and about 1,400 square feet has fallen to its lowest level in five decades, according to Freddie Mac. This makes it harder for first-time new homebuyers to escape renting.
The project represents AHS Residential’s first asset outside Florida. The company broke ground on the development in June and recently secured a $46.5 million construction loan.
William Raveis Real Estate acquired Sarasota, Fla.-based Key Solutions Real Estate, a luxury and family-owned brokerage with 44 associates. The addition of two offices in Sarasota brings the total number of William Raveis offices in Florida to 14. Since
Many local residents from Palm Beach, Broward and Miami-Dade counties decided to move from South Florida and buy homes in less crowded and cheaper areas of the state, according to a recent study from CoreLogic.
National interest rates are down and so is unemployment. Builder confidence is up. See local stats.
The federal moratorium on evictions ended over the weekend on July 31, putting more than 144,000 Floridians at risk of becoming homeless.
The new executive joins RentPath from ParkMobile, which provides an app to help drivers pay for metered parking remotely.
Dawn Pfaff, founder and president of My State MLS, headquartered in Jupiter, Florida, has been selected as a winner of the GlobeSt. Real Estate Forum’s 2021 Woman of Influence award, within the Innovator category.
Redfin reports that in 2021, 30% of home purchases nationwide have been cash deals. A recent article in Housing Wire reported “Cash buyers are scooping up homes like mad.” That number is even higher in South Florida. West Palm Beach tops the list – 52.6% of the metro area’s home sales in 2021 have been in cash.
As population booms with transplants to Florida, real estate prices are skyrocketing for rentals and sales.
Condo sales in Miami-Dade County remain strong, with record increases, after the collapse of the Champlain Towers South in Surfside, the Miami Realtors Association said in a statement.
