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This Week in Miami Real Estate: Rent vs. own, mega-mergers and more

Homeowners save in Miami compared to renting While renting a home can be less expensive than owning a comparable one in some parts of the U.S., this isn’t the case everywhere. Miami found its way onto a LendingTree article

This Week in Miami Real Estate: Permit slowdown, broker news and more

Developers hope new tech will speed up permitting process Last October, Miami city officials announced the rollout of a new electronic system for developers to submit building plans for review by the proper authorities. Known as Electronic Plan Review,

Miami named a top destination for homebuyers this year

A surge in home and condo inventory is making Miami one of the most attractive real estate markets for buyers in the U.S. this year. A recent report from Zillow, using its proprietary Buyer-Seller Index, named the Miami-Fort Lauderdale

Condo sales slump may attract buyer, agent interest

Real estate agents in the Miami area may be ramping up marketing efforts that target condo buyers, as recent data show a local market primed for sales opportunities. Some condo owners and developers are even launching their own campaigns

This Week in Miami Real Estate: Property taxes, new homes and more

Miami-Dade property tax deadline approaches Miami-Dade County Property Appraiser Pedro J. Garcia is urging homeowners to file property tax returns soon amidst the upcoming March 1, 2019 deadline. Garcia is hoping property owners pay special attention to several new

This Week in Miami Real Estate: Traffic, beach life and more

  Miami ranks 12th in U.S. for traffic No one likes sitting in traffic, but Miami residents have recently amped up their concerns around swelling vehicle congestion in the booming city. Now, with the release of a new study

Miami home, condo prices finish higher in Q4

Median prices for single-family homes and condos in the Miami area grew at a faster rate than the national average in the final quarter of 2018, according to the latest data from the National Association of Realtors. Compared to

This Week in Miami Real Estate: State migration, hotel concepts and more

Officials in states like New York are already sounding the alarm on lost tax revenues due in part to migration to Florida. In a press conference Feb. 5, New York Governor Andrew Cuomo for the first time divulged the

This Week in Miami Real Estate: High-speed trains, flying cars and more

It’s been a good week for proponents of mass transit in the Miami area. On Jan. 24, the Miami Herald reported that Miami-Dade County officials had signed off on revisions to local zoning rules that would effectively allow more

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Florida pulls ahead in US job creation

Florida posted one of the highest rates of job creation in the U.S. for 2018, helping lift the entire southern region to the top regional rate of job growth. According to the Bureau of Labor Statistics, the Sunshine State’s

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This Week in Miami Real Estate: Downtown growth, scholarship funds and more

In areas like Brickell and the city’s central business district, a flood of gleaming new skyscrapers have helped attract more residents to Miami’s urban core. A report from the Miami Downtown Development Authority released this week confirms that major

Mid-market home sales grow in otherwise cool December

While December home sales locally and nationally failed to meet expectations, certain sectors of the Miami housing market still saw growth in what was otherwise a dull finish to the year. According to data from the Miami Association of

This Week in Miami Real Estate: iBuyer expansion, office deals and more

Zillow’s iBuyer program that offers cash for homes listed on its website will expand into five more markets, including Miami, this year. Zillow Offers is the company’s recently rolled-out online platform that can quickly provide a cash offer to

What agents and their clients should know about moving scams

Agents have a responsibility to do right by their clients in every way possible, but in the complex, lengthy process of buying and selling a home, not everything may be within an agent’s full control. Criminals and con artists

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South Florida home sales over $1 million increased in 2018

More South Florida homes and condos sold for at least $1 million in 2018 compared to the previous year, according to a luxury market report from The Keyes Company. Across Miami-Dade, Broward, Palm Beach and Martin Counties, single-family home

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This Week in Miami Real Estate: Lender acquisitions, office openings and more

Miami-based mortgage lender Movement Mortgage announced Jan. 9 that it planned to acquire several retail branches from Eagle Home Mortgage, the financing arm of Lennar Corp. Terms of the deal have not been fully disclosed, but HousingWire reports it

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