By the end of the year, the city will have added a total of 15,666 units.

Despite the decrease in borrowing costs, the Mortgage Bankers Association’s Market Composite Index showed a decrease in mortgage applications in the week ended Aug. 29. 

The team has also secured construction permits for a 330-foot-tall building with an expected 100 residential units.

The 18-story building will feature 22 luxury residences and 56 hotel rooms preserved as part of the historic Versailles Hotel.

As part of condo purchases at One Twenty Brickell Residences, homebuyers receive a designated office suite on levels two through 12 of the property.

An abundance of senior-friendly activities helped boost Miami’s ranking. Plus, the city scored in the top 30 cities for quality healthcare.

FAVO’s acquisition comes amid efforts by the Lauderhill-based company to diversify its portfolio of income-generating real estate.

Miami’s low student-to-teacher ratio (19:1) empowers teachers to provide excellent education to students. Plus, Miami spends $11,123 per student yearly.

At the same time, existing-home sales fell, housing starts were mixed, and days on market jumped.

Despite a slowdown in single-family construction activity, newly built homes are becoming increasingly accessible to American buyers, in terms of both availability and affordability. According to data from the New-Construction Insights report released by Realtor.com, in the second quarter

The River District project — now called Flow on the River — is zoned for about 1,900 residences on a 6.2-acre Brickell parcel. 

Signed contracts declined despite lower interest rates and improved affordability and inventory, the National Association of REALTORS® said.   

This former Masonic lodge in Little Falls, New York, was once a meeting place for a local chapter of the Freemasons.

The pace of home-price appreciation declined to its slowest pace in two years, according to the S&P Cotality Case-Shiller U.S. National Home Price Index. 

“Listen well. Follow up. Show up. Keep learning.” Carolyn Block Ellert, Senior Vice President for Sales, Penn Florida Realty, Boca Raton

MIAMI REALTORS® attributed the declines to higher mortgage rates and a lack of inventory in key price points