Throughout the 1940s, Victor Nurmi was Fort Lauderdale’s pioneer developer and architect. He is the mastermind behind Nurmi Drive, home to Nurmi Isles: waterfront properties which were heralded as the “Venice of America.” And the home at 90 Nurmi Dr. remains one of his ultimate masterpieces.

This 74-foot “land yacht” in Au Gres, Michigan takes the meaning of “houseboat” to a whole new level.

The number of new entry-level homes with two-bedrooms and about 1,400 square feet has fallen to its lowest level in five decades, according to Freddie Mac. This makes it harder for first-time new homebuyers to escape renting.

For the first time since early March, no new records were set for median-home-sale prices last month, ending the five-month streak of record-breaking home prices.

Just 56.6% of homes sold during the quarter were affordable to families earning the U.S. median income of $79,900, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity Index.

The project represents AHS Residential’s first asset outside Florida. The company broke ground on the development in June and recently secured a $46.5 million construction loan. 

William Raveis Real Estate acquired Sarasota, Fla.-based Key Solutions Real Estate, a luxury and family-owned brokerage with 44 associates.  The addition of two offices in Sarasota brings the total number of William Raveis offices in Florida to 14. Since

Many local residents from Palm Beach, Broward and Miami-Dade counties decided to move from South Florida and buy homes in less crowded and cheaper areas of the state, according to a recent study from CoreLogic.

National interest rates are down and so is unemployment. Builder confidence is up. See local stats.

Looking forward, 37% of the survey’s respondents expect drones to be the most-impactful technology over the next 24 months, followed by cyber security (34%), 5G (31%) and virtual reality (30%).

International buyers purchased 107,000 residential properties from April 2020 through March 2021, marking a 31% decline from the 154,000 residences bought the previous year.

The federal moratorium on evictions ended over the weekend on July 31, putting more than 144,000 Floridians at risk of becoming homeless.

Affordability declined in 49 of the 50 major markets according to the May 2021 First American Real House Price Index. 

The new executive joins RentPath from ParkMobile, which provides an app to help drivers pay for metered parking remotely.

Dawn Pfaff, founder and president of My State MLS, headquartered in Jupiter, Florida, has been selected as a winner of the GlobeSt. Real Estate Forum’s 2021 Woman of Influence award, within the Innovator category.

Redfin reports that in 2021, 30% of home purchases nationwide have been cash deals. A recent article in Housing Wire reported “Cash buyers are scooping up homes like mad.” That number is even higher in South Florida. West Palm Beach tops the list – 52.6% of the metro area’s home sales in 2021 have been in cash.