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This Week in Miami Real Estate: New city park, super-tall towers and more

With little room for horizontal footprints in Miami, developers are almost literally reaching for the stars, with several planning on towers that would be among the tallest in the city. Property Markets Group recently filed plans for a 1,036-foot

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Top five home perks buyers will not give up

With home prices skyrocketing and inventory in high demand, it’s not surprising that homebuyers have started sacrificing some of their most desired amenities in the name of finding an affordable home. In the current market, buyers are willing to

Fannie Mae: Gig economy workers hope to buy houses, but not in near future

We see evidence of it everywhere — big pink mustaches on car dashboards, round black “U” stickers slapped on the back of car windows and friends allowing out-of-towners to rent rooms in their homes for a modest price. The

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Forecast: 2018 market to favor buyers

Inventory, the Achilles’ heel of the 2017 housing market, is expected to loosen up in 2018, providing relief for buyers who were edged out of the market this year, according to the realtor.com 2018 Housing Forecast. The report expects

First-time buyers see best market quarter in nearly two decades

First-time homebuyers have an easier entry into the market as the year winds down because of a market sector that is having best quarter since 2000 — despite low housing inventory — largely due to historically low mortgage rates,

Experts: Home prices will continue to increase in 2018

Zillow recently released its Q4 Home Price Expectations Survey, which polled 100 housing experts, market strategists and economists on what they think the housing market will look like in 2018, and their expectations were less than optimistic. The study was

How the tax reform impacts Florida homeowners

As Congress works on creating a new tax bill, the National Association of Realtors (NAR) has been vocal about the ways in which the proposals would affect homeowners, home prices and the real estate industry as a whole. However,

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Miami home prices surge 5 percent in October

Home prices in the Miami metropolitan area had a year-over-year increase of 5 percent in October, while national prices increased 7 percent, according to the recent CoreLogic Home Price Index. The national increase marks the fourth consecutive month of

Zillow: Homeowners spend less of their income on mortgage payments than they did historically

New research from Zillow shows that mortgage payments today are consuming a smaller percentage of the average homeowner’s income than they did historically. The typical homeowner saves roughly $3,3oo annually on mortgage payments, compared to how much it would

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U.S. construction sees strongest growth in five months

Construction spending in the U.S. rose 1.4 percent in October, increasing across all significant building categories and marking the strongest boost in five months. The Commerce Department said the October increase in U.S. construction spending represents the third consecutive

Miami ranks No. 4 in recovery since the recession

Almost a decade since the start of the recession, when the housing market crashed and home values dropped 30 percent, SmartAsset has compiled a list of the cities that have seen the most recovery. From 2010 on, five metrics were

NAR, NAHB diverge on Senate tax bill

The U.S. Senate on Dec. 2 passed its version of the Tax Cuts and Jobs Act, spurring the National Association of Realtors and the National Association of Home Builders to weigh the bill’s effects on the housing industry. Both

Miami real estate team is blazing the Bitcoin trail

Chances are, you’ve seen a lot of news about Bitcoin lately, with news about its shares surging to a record high, then, a few days later, news about those shares plummeting only to spike again to another new high

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This Week in Miami Real Estate: Hot Wynwood lot, downtown proposals and more

A 1.65-acre lot in Wynwood just hit the market and, according to The Real Deal Miami, it could go from $16 million to nearly $20 million because of the neighborhood’s hot status right now. The spot has been owned

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Redfin: Housing demand slid in October

The U.S. housing market experienced a 1.7 percent drop in demand from September to October this year, according to the latest Redfin Demand Index, which is calculated by measuring home tour requests and writing offers of thousands of Redfin customers.

U.S. pending home sales bounce back in October after three-month decline

October’s pending home sales rebounded slightly after a three-month decline, according to the latest report from the National Association of Realtors. The Pending Home Sales Index rose 3.5 percent from 105.6 in September to 109.3 in October. This is

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