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Miami neighborhood named one of America’s 10 most expensive

Fisher Island, located three miles off mainland Florida, was named the fifth-most expensive neighborhood in the U.S., according to a ranking by Realtor.com. Once entirely owned by the Vanderbilt family, the island is only accessible by boat or helicopter

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This Week in Miami Real Estate: Sinkholes, large-scale malls and more

Florida may have a sinkhole problem on its hands. According to Smithsonian.com, Florida has more sinkholes than any other state. A 2013 report by Clint Kromhout of the Florida Geological Survey found that areas in Northern Florida are more

Miami luxury home sales rose 24 percent in May

Miami homes and condos priced at $1 million and above sold 24.1 percent higher in May 2018 compared to the same month last year, according to the Miami Association of Realtors. Luxury condos led the jump in purchase activity,

Florida home sales, prices, inventory rise in May

The latest monthly report from Florida Realtors begins with a trifecta of growth figures for May 2018: Home sales and median prices each rose during the month, along with the number of listings available. That means a little good

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Key takeaways from Harvard’s latest housing report

While the state of housing in the U.S. has generally improved over the last 30 years, the latest report from the Joint Center for Housing Studies (JCHS) of Harvard University highlights some areas of concern as well. Since the

Compass acquires South Florida brokerage ICS Realty

Real estate firm Compass announced June 15 its acquisition of ICS Realty, a boutique brokerage based in Aventura, Florida. The move expands Compass’s presence in the Miami and South Florida markets, where it already has four offices, and helps

How many years does it take to save for a down payment in Miami?

In recent years, surveys from the National Association of Realtors and Zillow have found that saving for a down payment is the most significant hurdle for renters who want to own a home. But how long does it take

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This Week in Miami Real Estate: All Aboard Brightline reaches Miami, a penthouse with diamonds and more

All Aboard Brightline has extended its service to MiamiCentral with a new station elevated 50 feet above street-level. Miami’s station along with two other stations were designed by Skidmore, Owings & Merrill (SOM) with the intention to “create new districts

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South Florida city ranked 10th most affordable beach town

A home with an ocean view is great, but an affordable home with an ocean view is even better. When it comes to oceanside real estate in South Florida, finding that affordable home can be difficult. Once again, Realtor.com

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Miami housing market is overvalued, new study says

The upward trend of home prices is hitting each city differently. With nationwide home prices rising 6.9 percent year over year from April 2017-18, many cities face overvalued housing markets. CoreLogic categorizes a market as overvalued if they see

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See which Florida suburb is the wealthiest in the state

Florida’s wealthiest town is Key Biscayne, and the race is not even close. 24/7 Wall St. broke down the wealthiest town in every state, and with Key Biscayne topping their list for Florida, the data is worth looking at.

South Florida cities dominate list of most cost-burdened homebuyers

Homeowners are told not to spend more than 30 percent of their income on housing. But in many cities, that may be tough. Miami ranked no. 1 in a 2016 study determining the most cost-burdened city in the nation with

Miami ranked among the top 10 best large cities

Miami was ranked the eighth best large city in the United States, according to a recent study by Resonance Consultancy. The ranking is based upon six main categories: place, product, programming, people, prosperity and promotion, and analyzes 28 different

This Week in Miami Real Estate: The Miami River Walk, helipads and more

Miami is getting yet another mode of transportation, but it won’t be open to the general public. Curbed reported The One Thousand Museum is set to debut the East Coast’s only private helipad. The Miami tower will allow residents

‘Wall Street South’? New York financiers decamping to Miami in droves, report says

South Florida developers and real estate professionals have capitalized on the federal tax reforms that hurt high tax states like New York and Connecticut by pitching Miami as an attractive, low-tax alternative. The work appears to be paying off,

Majority of Florida homeowners are not prepared for hurricane impact

More than half of Florida homeowners do little to nothing to prepare their property for the impact of hurricanes. A survey by door maker Origin Global indicates that less than one in seven homeowners installed the correct doors to

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