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Enrique Iglesias’ former Miami Beach home listed for $25M

Marc Puleo, former CEO of 1-800-PET-MEDS and current owner of Enrique Iglesias’ former mansion, placed Villa Jasmine on the market for $25 million on Wednesday. After completing renovations on the property in 2003, Iglesias sold the mansion a year later to

FTC Approves Zillow’s Acquisition of Trulia, Closure Expected Soon

After a considerable waiting period, it looks like Zillow will officially acquire Trulia. It was way back in July 2014 when Zillow first announced its $2.9 billion acquisition of syndication rival Trulia, and now, after considerable anticipation, it seems

Miami Shows Strength in Q4 Report

The Magic City ended 2014 well, but several problems are still likely to plague the South Florida market in the new year. Miami’s housing market performed well in the final months of 2014, leveraging a surge of consumer confidence

Are Certain Kinds of Mortgages Easier to Attain Than Others?

The last couple weeks, we’ve been analyzing exclusive numbers from the CoreLogic Housing Credit Index, a detailed look at mortgage availability. Our central question has been a simple one: is it any easier, nowadays, to attain a mortgage? And after

Miami Remains No. 1 Market for Cash Sales

CoreLogic report shows widespread drops in cash sales. Cash sales continued to drop in November, according to a new report from CoreLogic, which found an increasingly significant portion of all-cash buyers leaving the market, particularly investors. Ebbing closer to

3 Promising Graphs on the Nation’s Mortgage Markets

It’s been a rollercoaster ride following the nation’s mortgage markets, so we decided to take a more long-term view at some of the key stats at play – and how, with only one exception, things have improved by quite

Should Agent Commission Splits Be Public Record?

Agents never publicly disclose their splits, but should that change? Howard Schultz, the famed CEO of Starbucks, recently proclaimed that “the currency of leadership is transparency,” and his comment snuggled up quite nicely with what is a new trend

NAR Spends Millions for Washington Lobbyists

Last year NAR outspent some of the most influential companies and groups in the U.S. Was it all for influence? In 2014, Koch Industries, capital generator for the infamously influential Koch brothers, shelled out nearly $14 million in lobbying

In Miami, Mortgage Applicants Denied Nearly Twice the National Averages

Minority groups have a harder time accessing mortgages in the U.S., including here in Miami. In the Miami metro area, 21.2 percent of mortgage applicants are denied in their quest for conventional mortgages, according to a new analysis from Zillow; that’s not only substantially

Florida Foreclosures Falling; Still Above National Levels

Foreclosure activity in 2014 ended well, but pockets remain in dire straights. To cap off 2014, the national foreclosure inventory continued deflating, falling a staggering 34 percent year-over-year, according to CoreLogic’s newest foreclosure report. As of December, the nation’s

RealtyTrac: A Rise in Zombie Foreclosures a “Good Sign”?

Hundreds of thousands of homes have fallen into zombie foreclosure, RealtyTrac says, but it might not be the worst thing ever. In RealtyTrac’s recently released Q1 2015 Zombie Foreclosure Report, the real estate research company discovered that of the

Miami Begins 2015 with Modest, Realistic Price Gains

Miami did not set the world on fire with its rise in asking prices, but that’s perfectly fine Asking prices in Miami began 2015 on a sound note, according to the Trulia Price Monitor. Though prices were up a healthy 11.3 percent year-over-year

Avatar Real Estate Services Welcomes Sari Ploshnick to its Luxury Real Estate Brokerage

Realtor Associate Sari Ploshnick has joined Avatar Real Estate Services’ Miami Beach office. Sari brings an incredible resource to the Avatar Team as a highly motivated entrepreneur with the proven skills to develop, grow and successfully manage a sales

The Temple House in South Beach listed for $19.9M

The Temple House, a synagogue turned single-family home in South Beach, is on the market again for $19.9 million with Susan Gale of ONE Sotheby’s International Realty as the listing agent. The 13,111 sq. ft. space at 1415 Euclid Avenue is the

New Luxury High Rise Condo Development to Rise in Miami Beach

Plaza Construction and 4701 North Meridian, LLC (Lionheart Capital & Elliot Management Corporation) have partnered with Power Design, Inc. on the construction of Ritz Carlton Residences Miami Beach. The 126-unit high rise luxury condo development in Miami will include two 24-hour

Do the Seasons Really Make a Difference in Miami Real Estate? Not Really

One may think that warmer months are better for selling homes, but the data tells another story. What if we were to tell you that it really makes no difference when you list your client’s home, in terms of

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