News / Features
The residence sold for $2,506 per square foot, the highest price per square foot deal in Miami.
The technology survey offers insights into how Realtors value technology and use social media.
The Atlanta-based homebuilding giant will replace the outgoing executive with its senior vice president for field operations.
A 30-year fixed-rate mortgage rose to 7.08% this week from 6.94% a week ago, Freddie Mac reported. A year ago, the average mortgage carried a 3.14% rate.
Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.
At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association.
The development includes a first-phase offering of 62 luxury condominiums starting at $3 million.
In Miami, home prices posted a 28.6% year-over-year gain in August — the largest in the country — compared to a 31.7% gain in July. Month over month, prices fell 0.1%.
Home values are 25% above affordability norms, the worst it’s been in years, according to a new report from Zillow.
The 100 Las Olas penthouse is on levels 45 and 46 of the building.
The only other time the market saw such change was at the beginning of the pandemic.
Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before.
New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics.
The 1,094-foot building will be the tallest residential tower south of New York City.
Fortune International Realty has 40 years of experience in the luxury Miami real estate market.
Mortgage rates rose to 6.9%, the highest they’ve been since April 2002.
