News / Features

Builder Confidence Inches Higher in April

Though still low, builder confidence showed improvement in April, according to new NAHB numbers. Builder confidence recovered somewhat from March to April, inching up from 46 to 47, according to the latest Housing Market Index from the National Association

107-Year-Old Historical Landmark Up For Sale

Authentic in all of it’s “frame vernacular” architecture, a historical landmark of Miami’s pioneer past with ties that go all the way back to President Theodore Roosevelt, and over a 100 years old – the Charles Graham House has

Trio of Investors Acquire Coconut Grove Property for $29.5 Million

A 9-story, bay-front office building in Coconut Grove is under new ownership. According to a recent press release, Mast Capital, Wexford Capital and 13th Floor Investments purchased the property, located at 2699 South Bayshore Drive, for $29.5 million. According

Melo Group Secures $40 Million Loan for the Development of Bay House Condominium

Miami-based real estate developer Melo Group has closed on a $39.2 million loan from Florida Community Bank for the construction of the Bay House, a 38-story luxury condominium located in Miami’s East Edgewater neighborhood. Construction on the project began

Miami is the Top Choice for Foreign Investments in Luxury Real Estate

Miami has become the second most popular real estate market for foreign homebuyers, according to a recent study from Realtor.com. Of the top three cities, Miami offers some of the lowest prices and interest rates. With a large number

New Home Construction Highs and Lows in March

Housing construction performed below expectations in March, according to the latest Census Bureau numbers. March was a month of good and not great news for new construction, according to the latest Census Bureau report, with housing starts rising 2.8

Housing Inventory in Miami Continues to Increase

It’s been a verifiable roller coaster ride the last couple years when it comes to housing inventory, but are we finally out of the woods? Housing inventory in the Miami housing market rose a whopping 26.8 percent year-over-year in

Miami Among Nation’s Densest Urban Areas

In the age of new urbanism, where does our metro area rank in terms of density and sprawl? “Density” and “sprawl” have become big buzzwords in housing the last couple of years, and for good reason. With gas prices,

All-Cash Sales in Miami Remain Enormously Prevalent

The housing market has made considerable strides in the last 18 months, but all-cash sales are still in abundance. We’ll cut to the big stat – in Jan. 2014, the latest month for which data exists, a whopping 63.1

The Relative Rarity of Million-Dollar Listings in Miami

Sure, our area has some wonderful luxury housing markets, but in the grander scope of the market, how common are those million-dollar listings? We may hear about luxury real estate on a consistent basis, but luxury listings in the

Former Major-Leaguer Mickey Lopez Joins RE/MAX Advance Realty

RE/MAX Advance Realty (RMA), Miami’s largest RE/MAX office, is pleased to announce the addition of Mickey Lopez to its team. Lopez comes to RMA after nine years with Southeast Properties, where he specialized in commercial real estate sales. Before working

Miami Asking Prices, Rents Continue Strong Increases in March

March was another solid month of price increases in the for-sale and rental markets, both locally and nationally. Miami’s asking-price fortunes continued in March, according to the latest Price Monitor from Trulia, with asking prices in the area’s housing

Very Few Miami Homes Affordable on a Median Salary

Affordability is often crunched into a single number, but how does it differ across the spectrum of salaries? The vast majority of Miami’s housing stock is unaffordable for someone earning a median salary. That was the central finding of

Residential Mortgages Becoming More Available

Mortgage standards have been pretty tight since 2008, but new readings from the MBA show them to improving. On the surface, it looks pretty underwhelming. From February to March, the Mortgage Banker Association’s Mortgage Credit Availability Index (MCAI) increased

5 Unexpected Details About the Younger Boomer Generation

The housing downturn and economic recession introduced some very intriguing details to Younger Boomers. The Baby Boom generation is arguably the most visible generation in America right now, yet given its diversity, it still manages to surprise us. So, in

Fannie/Freddie Reforms = Higher Mortgage Rates

Discussions on how to reform Fannie Mae and Freddie Mac get really wonky really fast, but they impact your business in very practical ways. We’ll cut straight to the chase – if current proposals to overhaul Fannie Mae and

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