Category: Uncategorized
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Miami Luxury Market Shines Bright
Miami Beach single-family home prices ↑ 54% to $7.5M. $10M+ luxury sales soared 65% year-over-year.
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Miami-Dade Real Estate Balancing Toward Buyers
Miami-Dade single-family homes had 950 sales, ↓ 11% yearly in April; median price ↑ 4% to $680K. Townhome/condo sales ↓ 21% yearly, but avg price ↑ 5.8% yearly to $847K amid 13.7 months inventory.
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Time for Change: Why Property Tax Reform Is Critical for Our Community
Jesus Andre Garcia urges Miami-Dade leaders to reassess property values before tax hikes, proposing tiered tax rates based on property type and use, with lower rates for long-term primary residences and higher rates for luxury and commercial properties. He opposes unchecked development, rent increases, and foreign ownership exemptions, advocating for protections for local homeowners and…
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Is Miami the Next Global Housing Hotspot?
Miami's Real Estate market remains strong due to booming tourism and rising global business interest. Luxury and vacation properties are driving demand, especially among international investors and second-home buyers.
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Miami Sellers: Make Thousands This Summer!
In Miami, selling homes in late July earns sellers ↑ 2% more, about $11K extra per sale. Home values rise in summer, correlating with increased buyer activity during Miami’s humid season.
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Time to Sell? Key Market Signals
Outgrowing or underusing your space signals it might be time to sell and move on. A strong seller’s market boosts sale price, speed, and overall success of your listing.
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El Senado aprueba ley para facilitar viviendas accesorias y aliviar la crisis de vivienda
El Senado aprobó por unanimidad una ley que exige a los gobiernos locales permitir unidades de vivienda accesoria (ADUs) en propiedades existentes, limitando restricciones como el estacionamiento y la negación de exenciones fiscales. Las ADUs, viviendas independientes más pequeñas, aumentan la oferta de viviendas asequibles para trabajadores. Las enmiendas incluyen permitir informes reutilizables de selección…
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Can Miami’s Market Withstand a Correction?
Miami holds the highest housing bubble risk score globally, indicating significant market vulnerability. Since 2019, Miami home prices ↑ ~50%, far exceeding national and global trends.
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A mortgage in Miami is more expensive than any other place
South Florida homebuyers face some of the highest mortgage rates in the U.S., with median rates just under 7%. Factors include a large number of small business owners, higher home prices requiring jumbo loans, and a high concentration of condos, which carry higher lending risks. Miami has fewer fixed-rate mortgages under 7%, and many condo…
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Why Miami’s Housing Market Has Exploded
Miami’s appeal to remote workers, retirees, and international residents has led to soaring living costs. Housing prices in hotspots like Brickell and Miami Beach are climbing rapidly due to high demand and low supply. Everyday expenses—including groceries, dining, and transport—are rising from both inflation and heavy tourism. Rents have seen double-digit increases, placing the city…