News / Features

This Week in Miami Real Estate: Condo developers look elsewhere, Florida’s prime status and more

Miami condo developers, including Key International, are looking to expand their horizons now that the central Miami market has become saturated. Inigo Ardid, co-president of Key International, told Globe Street that his firm and partners Integra Investments and Wexford Capital

RelatedISG acquires Caribe Homes Realty

  RelatedISG International Realty announced it acquired Coral Gables brokerage Caribe Homes Realty on June 28, adding the latter’s 10 brokers to its team. Caribe’s offices will also be consolidated into RelatedISG’s Coral Gables location. RelatedISG is a partnership

More homeowners are investing in renovations to help boost resale value

The most popular home renovation projects, like kitchen and bathroom remodels, are the ones that contribute the most to a home’s increased resale value. In fact, two-thirds of renovating homeowners are focused on increasing home resale value, according to

US home sellers earned an average of $39,000 in 2017

The average home sale in 2017 generated roughly a $39,000 profit for the sellers, based on recent sales price data as well as historical home prices from Zillow. But after accounting for inflation over the typical time between sales

Pending home sales continue to fall in May

For the fifth straight month, pending home sales have fallen, down 2.2 percent from last year, according to the National Association of Realtors (NAR). Pending home sales in May decreased 0.5 percent to 105.9 from 106.4 last month. The reason

Housing and economic outlook shows optimism in housing market

The majority of Americans are still feeling good about the housing market, according to the National Association of Realtors’ Housing Opportunities and Market Experience survey for the second quarter of 2018. The HOME survey found that 68 percent of Americans

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Miami condo market favored buyers in May

The latest market data release from the Miami Association of Realtors focused on the continued strength of the area’s luxury housing market in May, but insights into other segments were also included in the report. Specifically, the Miami Association

See which paint colors can help boost sales prices

Choosing paint colors is perfect way to reflect your style onto your home. But, when it comes time to sell, the colors you chose may not appeal to potential buyers. Zillow is here to help with their 2018 Paint

Urban growth rate catching up to the suburbs

Contrary to previous housing trends, urban neighborhoods have seen an increasingly fast growth rate, comparing closely with the rate at which suburban areas are growing, according to a study by the Urban Land Institute. The report analyzes different types

Real Estate in Brief: ShowingTime reports slowdown in showings, eXp Realty expands and more

The May 2018 ShowingTime Showing Index report was recently released, which analyzed the traffic per residential property for sale by agents and brokers. A higher number means that an average home saw more visits from potential buyers this month.

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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Zillow incentivizes builders through Group Advantage Program

The benefits from Zillow’s Promoted Communities advertising program got a little bit sweeter last week. Zillow Group’s new Group Advantage Program allows customers of the Promoted Communities and Promoted Homes platforms to improve their listing content through an array

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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

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