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This Week in Miami Real Estate: Luxury condo project gets big loan, veteran broker joins Douglas Elliman and more

JDS Development Group acquired and secured a $137 million construction loan for its Monad Terrace condominium project in Miami Beach. Financed by New York-based Madison Realty Capital, the project is led by renowned Pritzker Prize-winning architect Jean Nouvel. Monad

Homes in districts that were once redlined still lag in value

Homes in neighborhoods that were “redlined,” a practice that began in the 1930s to prevent people of certain races economic classes from buying in certain areas, still have relatively low value compared to other homes in their respective cities,

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Buyers show increasing interest in sustainable homes

Sustainable and eco-friendly homes are becoming increasingly desirable to homebuyers. In a recent survey from the National Association of Realtors’ Sustainability Program, Realtor respondents reported that the majority of homebuyers — 61 percent — are interested in green living. Additionally, 71 percent say

Florida housing market suffers from high prices and low inventory

Low inventory and rising home prices continue to plague the Florida housing market, according to the newest data from Florida Realtors. In March, the median sales price for a single-family home in the state was $250,800 — an increase of

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Real Estate in Brief: Construction growth sees big increase, Lennar partners with Amazon and more

The real value of the construction industry rose 8.5 percent in the fourth quarter of 2017, the largest increase since the first quarter of 2016, according to the latest report from the U.S. Bureau of Economic Analysis. This surge is an encouraging

March existing home sales growing but still seeing constraints

March marked the second straight month of increases for existing-home sales in the country. Total existing-home sales rose 1.1 percent to an annual rate (seasonally adjusted) of 5.60 million, up from 5.54 million in February, according to NAR’s most

March home prices see largest increase in four years

This March, the market saw an increase of 8.9 percent in median sales price from a year ago, achieving the highest rise in price in over four years, according to Redfin. The median home sale price in March was

This Week in Miami Real Estate: Compass tasked to lead sales for OPUS Bay Harbor residential development

  Compass Florida Development Division has been designated as the leading brokerage for the new OPUS Bay Harbor residential development situated in Bay Harbor, according to a recent press release. Designed by award-winning and internationally-recognized architect Bermello Ajamil, Opus Bay Harbor

NAR: Housing affordability remains elusive nationwide

Nationally, homes are less affordable than a year ago, meaning fewer households can afford what’s currently on the market based on household income, according to joint research by the National Association of Realtors (NAR) and realtor.com. “Wages are growing, which

South Florida markets strong in first quarter

The South Florida housing market fared well in the first quarter of the year, with increased prices and inventory that drove down time on market, according to a new report from Douglas Elliman Real Estate, authored by Jonathon Miller

Zillow: 2017 had fastest-selling market ever

Homebuyers should be prepared for the fast-paced 2018 market, as homes sold faster than ever in 2017, with no signs of slowing down, according to the 2017 Zillow Group Consumer Housing Trends Report. Last year, it took 81 days

Real Estate in Brief: Americans’ confidence gets a boost, HUD initiative for veteran housing and more

Americans were more confident about buying a home in March than in April, according to the latest Fannie Mae’s latest Home Purchase Sentiment Index, which increased 2.5 points in March to 88.3, a significant change compared to the 3.7 point

Study names the most expensive housing market in Florida

While the country continues to see the effects of an improving economy and low unemployment rates, the recovery is less than ideal for those who want to purchase a home. Homebuyers are up against an increasingly expensive market, with

RE/MAX: Most of the country is a seller’s market

Those buying a home in the U.S. are facing difficulties as housing prices continue to surge for the 24th straight month, which caused home sales to decline for the fourth straight month, creating a seller’s market across the country.

HUD joins DOJ to fight sexual harassment in housing

On April 12, U.S. Department of Housing and Urban Development Secretary Ben Carson and Attorney General Jeff Sessions announced the debut of an initiative intended to promote public awareness and increase the reporting of sexual harassment in housing. The

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Zillow rolls out home-selling initiative

Zillow recently expanded its Instant Offers platform to a second city as part of an overall plan to get into the buying and selling game around the country. The product got its start in Las Vegas last year and

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