News / Features

Resilient Miami Condo Market Record Sales
South Florida luxury properties continue to rise in value while total transactions dip

South Florida collectively recorded a 15.3% year-over-year drop in total sales of single-family homes worth $1 million and up in the third quarter of the year.

Miami ranked one of the best metro areas for cashing in on downsizing

Downsizing from a four-bedroom home to a two-bedroom home in South Florida would save the typical homeowner more than $322,000.

Redfin cuts 13% of its workforce, eliminates RedfinNow

The company will let go of 862 employees and eliminate the roles of another 218 people, Redfin CEO Glenn Kelman said.

Residential Real Estate Council hires new CEO

The new chief executive previously served as CEO of the Women’s Council of Realtors®. 

Homebuyer demand stabilizes as mortgage rates dip

Homebuyer demand is starting to stabilize as October home sales posted the largest decline since 2015, according to a new report.

A whale of a good time — in British Columbia

Vancouver Island is great for whale watching. But at this home, you won’t even need to leave the front porch!

A literal treehouse in Pismo Beach

Within the city of Pismo Beach, an authentic treehouse stands tall — and it’s currently listed for $3.8 million.

Miami named one of the cities with the best real estate prospects in 2023

The 44th edition of the in-depth forecast report examined 80 cities to determine trends in the real estate industry for 2023.

Future buys $16.3 million home in Miami Beach

The Grammy-winning rapper’s new home is 8,897 square feet, featuring seven bedrooms and 8.5 bathrooms on gated Allison Island. 

Developers break ground on luxury home community in Southwest Ranches

The gated community, AKAI Estates, will consist of 16 properties with modern styling and amenities ranging from 7,000 to 15,000 square feet. 

Homes staying on the market longer, sellers feeling the pressure

The median age of inventory in Miami is 63 days, down from 98 before the pandemic began.

CoreLogic: September brings fifth consecutive monthly slowdown in home-price growth

Looking ahead, CoreLogic expects national year-over-year appreciation to slow to 3.9% by September 2023. 

Brickell penthouse sells for record $17.75 million, sets price-per-square-foot high for Miami

The residence sold for $2,506 per square foot, the highest price per square foot deal in Miami.

Greater percentage of Realtors® incorporating Instagram and LinkedIn into their work

The technology survey offers insights into how Realtors value technology and use social media.

PulteGroup COO to retire next year

The Atlanta-based homebuilding giant will replace the outgoing executive with its senior vice president for field operations. 

Mortgage rates top 7% for first time since 2002

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. 

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