Category: Uncategorized
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Why Miami’s Office Market Outperforms National Avg
Miami has one of the lowest vacancy rates and fastest rental turnovers in the US. Office spaces in Miami stay on the market for a median of 278 days.
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What’s happening with condo sales in Miami and Broward? Look at the prices and supply
The South Florida condo market is experiencing a downturn, with prices falling, sales slowing, and inventory increasing. Condo associations are raising fees and implementing special assessments due to a new Florida law requiring spending plans for major repairs. In August, Miami-Dade County saw a slight price drop to $415,000, while Broward County remained stable at…
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Why condo values, sales are dropping in South Florida
The South Florida condo market is facing a crisis as stricter regulations take effect, leading to a 7% drop in sales across Miami-Dade, Broward, and Palm Beach counties. The number of condos for sale surged by 60% in Miami-Dade, impacting values. New state laws, prompted by the Surfside collapse, are causing concern among owners about…
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Miami Ranked 1st in US Home Price Appreciation
Miami ranks first in US home price appreciation, especially for properties over $1M. Sales of $1M+ condos in Miami jumped 6% yearly in July 2024.
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Housing Scorecard: Inventory up across South Florida
Nationally, interest rates decreased from 7.23% to 6.46%, while pending home sales fell from 76.7 to 70.2. Builder confidence dropped from 50 to 39, and unemployment rose from 3.5% to 4.3%. Locally, unemployment increased from 2.6% to 3.4%, and housing starts decreased from 2,008 to 1,370. Existing-home sales showed slight increases in Miami-Dade, Broward, and…
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La Fed Y Las Tasas: Una Relación Compleja
Las decisiones de la Fed sobre las tasas de interés tienen un impacto significativo en los mercados globales, la actividad económica y las tasas de inflación.Se está considerando un posible aumento de tasas a medida que la inflación se acerca al objetivo del 2% de la Fed.
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The Real Estate Market in Miami Ahead of the Presidential Elections
Miami's real estate market has seen significant growth, attracting local and foreign investors due to its appealing climate and lifestyle. Property prices are rising, particularly in neighborhoods like Miami Beach and Brickell, despite high mortgage rates impacting market activity. The upcoming presidential elections create uncertainty, leading some buyers to delay decisions. Investors are closely watching…
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Price Drop Alert: Miami Condos Decline!
Miami-Dade condo sales ↓ to 131 units, totaling $87.5M at the end of Early-Q3. Avg price/sq ft ↓ to $509, compared to $586 previously.
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Tasas De Refinanciamiento a 30 años Caen Al Nivel Más Bajo en 7 Mese
Las tasas de refinanciamiento de hipotecas a 30 años cayeron al 6.63%, el nivel más bajo desde diciembre de 2023. Las tasas de 15 y 20 años también ↓11 y ↓ 5 puntos básicos, respectivamente.
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Miami’s Luxury Market Thrives With Big Sales
Miami’s luxury home market remains active, with sales ranging from $10.1M to $13.5M despite summer. A Miami mansion sold for $13.5M, highlighting demand for high-end properties in the city.