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Miami on track to become among nation’s most walkable cities

The Miami metro area’s expansion in recent years is almost unparalleled among U.S. cities. Unfortunately, it’s also come with consequences like increased suburban sprawl and debilitating traffic jams. While Miami is currently considered one of the least-walkable American cities,

South Florida luxury home sales slip in Q2

Despite strong sales in the market overall for much of the quarter, the five counties that make up the South Florida region saw slower sales in the luxury home and condo market during the second quarter, according to a

Villa Valencia condo tower breaks ground in Coral Gables

Luxury condo development Villa Valencia broke ground in downtown Coral Gables June 27, the latest residential project to take shape in the city. Location Ventures, a Miami-based real estate investment firm, celebrated the project with an event held at

Miami home price growth lost steam last year, but is already recovering

Home price growth in some of the biggest markets in the U.S., including Miami, has increased at a continually slower annual rate. That has put the brakes on historic levels of price appreciation across the U.S., although low mortgage

NYC ‘mansion tax’ hike could boost Miami sales

It’s often said that when the U.S. economy gets sick, the whole world catches a cold. This phenomenon is increasingly applicable to the ties that bind New York City, one of the world’s most dynamic real estate markets, and

This week in Miami real estate: Local home sales, new tech and more

Miami-area home sales grow In addition to a record-breaking May for Florida home sales, the Miami-Dade County market posted strong numbers of its own, highlighting a resurgence among buyers as mortgage rates fall. Total home sales were up 6.6

Is Miami facing an affordability crisis?

The first part in a new longform series from The Miami Herald, entitled “Priced Out of Paradise,” examines what’s been perhaps the biggest story in local real estate for almost two decades. After multiple periods of real estate booms

This week in Miami real estate: Home sales, rebranding and more

Florida home sales, prices increase in May Home sales in Florida were up 9.6 percent year-over-year in May, according to data from Florida Realtors. Buyer demand in Florida has been increasing for 89 consecutive years. The interest rate for 30-year

More baby boomers are moving to these five Miami neighborhoods

A growing number of baby boomers, those born between 1948 and 1962, are attracted to the sunshine and sandy beaches that coastal Miami has to offer. A high number of baby boomers moved to five Miami ZIP codes between

This week in Miami real estate: Granny flats, graduates and more

Miami Beach mulls new rules on rentals Coach houses, accessory dwelling units, or “granny flats” — whatever you want to call them, laws in Miami Beach have made it difficult for homeowners who have them to earn income by

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Home flipping is down nationally, but still big in Miami

The practice of home flipping in the U.S. declining in strict numbers, even as it grows as a share of all home sales, according to a new report on the subject by ATTOM Data Solutions. The report looked at

Real estate’s contribution to Florida’s economy

The housing market is a major driver of the U.S. economy, but its contribution is different on a state-by-state basis. According to a recent report from the National Association of Realtors, Florida’s real estate industry contributed $227.3 billion to

What to know about new seller disclosure rules in Miami-Dade County

Starting June 14, 2019, home sellers in Miami-Dade County, along with their agents, will need to adhere to new disclosure rules related to special assessment district (formerly known as a special taxing district). In an email sent to members

Report: Florida leads the nation in storm surge risk

Last week, CoreLogic released its 2019 Storm Surge Report, which evaluates the number of homes in the United States that are vulnerable to hurricane and tropical storm damage. The report showed that, along the Gulf and Atlantic Coasts, 7.3

Miami developers, agents seek returns in untapped markets

As Miami’s condo market sent mixed signals over the last year, one prominent resident saw firsthand how price fluctuations could impact sellers. Jorge Pérez, CEO of the Related Group, one of the most prominent developers in the U.S., relisted

This week in Miami real estate: Pocket listings, sustainability and more

New website targets pocket listings A new service capitalizing on the growing popularity of “off-market” or “pocket” listings is coming to Miami. ThePLS.com was founded by James Harris and Christopher Dyson of The Agency Collective, which recently began operations

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