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.

The median price for a home in the Miami area in September was $599,000, an increase of 28.3% compared to the same month last year.

First-time homebuyers now make up 45% of current homebuyers, according to Zillow. The numbers represent a rebound from the lows of the pandemic.

The new franchise will be the brokerage’s 16th in Europe as it pursues other expansion opportunities around the world. 

The solar energy will be used to power the common areas of the building, reducing HOA costs for residents.

The former chairman and CEO of the homebuilder died of Parkinson’s disease at 81.