The Latest Industry News...

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Investors Are Buying Fewer Homes Than Pandemic Peak, But Their Share Continues To Grow Amid Changing Housing Market

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Whether investors or owner-occupiers are more sensitive to rising rates is something being watched closely. The expectation is sellers aren’t going to be able to sell their homes as quickly as they have, especially as they did last year, which will result in price cuts. Investors may, therefore, be holding off to take advantage of better deals down the line. CLICK ON THE HEADLINE FOR MORE

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Coming Soon: A “Little Bahamas” In Coconut Grove?

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Advocates are looking forward to designating the West Grove as the “Little Bahamas of Coconut Grove” as a way of bringing back the culture and economic energy of the historically Bahamian community. The proposed area will include the Village West Island District and the Charles Avenue Neighborhood Conservation District south of U.S. 1 and west of McDonald Street. CLICK ON THE HEADLINE FOR MORE

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MG Developer To Bring $204M Project To Miami

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The developer is expecting to start construction on Merrick Parc in the first quarter of 2023. The project already received an initial $24 million tranche with $13 million in equity financing from Colliers. CLICK ON THE HEADLINE FOR MORE

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Coconut Grove’s Scenic Waterfront Road, Historic Trail Is A Mess. Can $16M Revamp Fix It?

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As Miami-Dade County’s transportation and public works department launches a $16 million, multiyear effort to rebuild road and trail after years of talk but little action, its engineers face a difficult conundrum: How to improve road conditions in the narrow corridor while enhancing the safety and appeal of the heavily used though frayed Commodore Trail. CLICK ON THE HEADLINE FOR MORE

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Miami Enjoys Biggest Inflow Of Future Homebuyers In Early 2022

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Sunny, relatively affordable areas are typically the most popular places for people to move to, a trend that has picked up with the pandemic. The number of residents flowing into Miami in the first quarter was up nearly six fold from two years earlier, CLICK ON THE HEADLINE FOR MORE

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