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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

This week in Miami real estate: High-growth markets, disaster relief and more

Census names South Florida’s fastest-growing cities New city-level population estimates from the U.S. Census Bureau released May 23 show Doral lost its long-running title as the fastest-growing incorporated city within Miami-Dade County between 2017 and 2018. The title instead

Florida home sales improve in April

Home sales in the Miami area and throughout Florida rebounded decisively in April after a sluggish start to the year, based on new data released by the Florida Realtors association May 21. In the Miami metro area spanning across

This Week in Miami Real Estate: Q1 sales, remote notary and more

First quarter condo sales grow in Miami Condo sales that closed during the first quarter of the year within Miami-Dade County were up incrementally on an annual basis, according to the latest market data from the Miami Association of

This Week in Miami Real Estate: Housing demand, MLS changes and more

Miami needs 50,000 homes to meet housing demand Miami needs to build or conserve at least 50,000 housing units in order to meet the existing need, according to The Connect Capital Miami Report. The report also found that 71

Miami is still drawing homebuyers from around the US

Miami remains one of the top destinations for Americans looking to move elsewhere, according to a recent analysis from Redfin. The online home listing company compiled data from approximately 1 million users who searched for homes for sale on

This Week in Miami Real Estate: Brokerage moves, climate adaptation and more

Study examines how Miami homeowners prep for rising seas Like many other coastal cities, Miami is particularly susceptible to the anticipated effects of global warming. If current trends continue, environmental scientists estimate as much as 20 percent of Miami

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