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Saving for a down payment continues to delay US homeownership

It would take the average American seven years to save up enough to make a down payment on a typical home, according to Zillow’s latest report. This is longer compared to 20 years ago when it took the average

RE/MAX Advance Realty names new chief operating officer

Melanie De Armas was named the new chief operating officer at RE/MAX Advance Realty, the largest RE/MAX office in Miami. In her new role, De Armas will lead agency operations and direct the company’s financial and administrative functions. Throughout

This Week in Miami Real Estate: Miami Realtors in France, agent updates and more

Miami Realtors were invited to showcase South Florida real estate in Paris at the Salon National de L’Immobilier. From Oct. 12 – 14, Lynda Fernandez, senior vice president of public relations for Miami Realtors, and a team of four

Coldwell Banker’s Team JK joins Compass

Compass Florida has announced the addition of Team JK to their Fort Lauderdale office. Principal, Broker Associate of Team JK, and award-winning real estate professional Jonathan Keith will continue to lead the 17 agent team functioning out of Compass’

Miami leads the US in foreign-born homeownership rate

The United States currently has the highest percentage of immigrants since 1910 with 13.7 percent of the population being foreign-born. This has led to economic growth from 2011 to 2016 that accounted for much of the nation’s post-recession growth

Proposed amendments on Florida ballot impact homeowners

In Florida and throughout the nation, voters heading to the polls on or before Nov. 6 will be voting in one of the most anticipated midterm elections in recent memory. Races for governor, senator and other offices promise to

This week in Miami real estate: Second homes, high-rises and more

Second vacation homes can provide you with more than just luxury, but profit too if you know where to buy from. Realtor.com compiled a list of the top 10 most profitable markets for vacation homes, ranking the markets where sellers are making the largest profits.  Two Florida cities ranked on Realtor.com’s list, with

Award-winning luxury agent Barbara Estela joins ONE Sotheby’s International Realty

ONE Sotheby’s International Realty announced luxury agent Barbara Estela as their newest addition to their Coral Gables office firm as a global real estate advisor. Working within Miami’s most exclusive zip codes, Estella brings over a decade’s worth of expertise to the ONE team.   “We are thrilled

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This Week in Miami Real Estate: Rental restrictions, agent moves and more

Miami and surrounding municipalities are joining a growing list of cities around the U.S. to institute more strict regulations on short-term home rentals like Airbnb. City officials for Miami Beach enacted a law in effect as of Sept. 22

Fewer homes selling above list price since June

As home price growth slows, the percentage of homes that are going for above their asking price is decreasing. For the four weeks ending on September 23, Redfin found that only 22.9 percent of the homes sold for more than their asking

Carolyn Block Ellert buys out Sunshine Group colleague Laurie Ingber

Carolyn Block Ellert, co-founder of Premier Sales Group, bought out her business partner Laurie Ingber of Sunshine Group to become the full owner of the brokerage. Ellert declined to disclose terms of the buyout, but commented she was looking

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Brown Harris Stevens Miami launches commercial division

In efforts to compete with other South Florida brokerages, Brown Harris Stevens Miami launched a commercial real estate division. With this new focus, BHS Miami looks to buy office, retail and development sites, The Real Deal reports. Phil Gutman,

Linda Bright joins Illustrated Properties in Palm Beach

Linda Bright, formerly a luxury real estate specialist at The Fite Group, is joining Illustrated Properties as it expands its reach into the high-end market in and around Palm Beach. Bright has more than 25 years of experience and

This Week in Miami Real Estate: Amendment 2, Coconut Grove construction and more

The Amendment 2 is for Everybody PAC gained a $4-million-dollar boost after the Florida Association of Realtors donated the amount, according to state campaign finance records reported by Florida Politics. The PAC has spent about $5.3 million, which includes

Florida Realtors PAC announces general election endorsements

The political action committee of the Florida Realtors Association released a list of candidates it is endorsing ahead of the Nov. 6 midterm elections. The endorsements cover a number of statewide races as well as state congressional districts. Like

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