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How Miami’s real estate market ranks among the top 20 HQ2 city finalists

If Miami were chosen to be the home of Amazon’s HQ2, the demand for housing would skyrocket. Along with the 50,000 jobs that the new headquarters would bring to the city, home prices would increase significantly as people from around

Court upholds South Florida brokerage’s noncompete clause with former agent

A South Florida owner-broker won a court injunction against a former agent that the brokerage claims broke her noncompete clause, according to reports. Signature Real Estate Cos, and its owner Ben Schachter, sued former agent Shelly Gibson after she

NAR pulls President’s Circle support of Congressman after anti-LGBTQ comments

The National Association of Realtors pulled its endorsement of Rep. Dana Rohrabacher (R-Calif.) after he made comments saying it was acceptable for people to refuse to sell their homes to gays and lesbians. Wayne Woodyard, a former Orange County

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Congress passes Dodd-Frank reform bill

The House of Representatives passed the first major rollback of the 2010 Dodd-Frank Act on May 21. After passing the Senate back in March, the bill is now ready for President Donald Trump to sign. Several Democrats crossed the

Townhouse construction up 7 percent so far in 2018

Townhouse construction continues to increase over the last four quarters. A total of 105,000 townhouse starts were accounted for, bringing a 7 percent increase into the first quarter of the year. Although starts were up during the previous four

Real Estate in Brief: Luxury car brands open residential buildings, Coral Gables named best neighborhood and more

Luxury brands such as Porsche, Pininfarina and Aston Martin are venturing out of the car business into designing residential towers in Miami. Porsche opened a 132-unit German tower on Sunny Isles Beach in 2017. Each apartment in the building

Zillow: Monetary policy is the most likely cause of the next recession

The most recent quarterly survey by Zillow suggests that the U.S. will likely experience another recession come 2020. Pulsenomics LLC conducted a survey that asked more than 100 real estate experts and economists about their predictions for the housing

Study: Housing market achieves better balance between buyer, sellers

After two years, the difference between what buyers are looking for and sellers are providing is coming closer together, bringing the market mismatch closer to a match. Market mismatch can be defined as the measure of the price gap

Real Estate in Brief: Zillow lawsuit dropped, home flipping on the rise and more

A class-action lawsuit that charged Zillow with deceptive business practices designed to mislead consumers has been dropped. A Federal district court has dismissed the lawsuit last week. The lawsuit claims that Zestimates, Zillow’s algorithm-based property estimate tool, are commonly inaccurate as

Record-breaking Miami Beach penthouse sells at $26 million

Miami’s most-sought-after penthouse located in the South of Fifth neighborhood sold for $26 million on May 11. The sale at 321 Ocean Dr. — a luxury residential development from Aria Development Group — is the highest priced residential transaction in

4 highlights from the Realtors Legislative Meetings & Trade Expo

The annual Realtors Legislative Meetings & Trade Expo took place last week in Washington D.C. and covered a variety of topics impacting the real estate industry. Couldn’t make it to D.C. for the event? We share some of the

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Survey shows homebuyers want more technology use from agents

A new owners.com survey found that homebuyers are looking for their real estate agents to use more tech-based tools. The survey sampled over 1,000 homeowners, which they define as “those who purchased a home within the last four years”

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Miami has some of the best high schools in Florida

The majority of Florida’s best high schools are in the Miami area, according to the 2018 U.S. News & World Report Best High Schools rankings. The state’s No. 1 ranked school is Pine View High School in Osprey, which

Homeowners expected to spend tax returns on larger homes

With the latest tax plan that is expected to give Americans a larger tax return, many plan to spend their tax cuts on larger houses and home renovations in 2018, according to a new report from Zillow. Zillow estimates

NAR: Home sales expected to increase in 2018 despite housing shortage

Home sales across America are expected to continue rising throughout 2018 thanks to the nation’s stronger economy. The National Association of Realtors’ Chief Economist Lawrence Yun predicted the increase in sales during his 2018 mid year forecast. According to

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Miami’s single-family luxury market is soaring

The luxury market in Miami has gotten off to a strong start this year as sales volume and prices for luxury homes have both increased. Total luxury homes sales climbed by 12 percent in the first quarter of 2018,

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