The latest influx of Latin American money to Miami is mostly because of political and economic instability. According to Miami real estate and banking executives, Mexico, Peru, Colombia and Chile are now the leading sources of foreign money coming into the city.
Though there are clearly no easy fixes to keep Miami above water, the South Florida city recently released the Stormwater Master Plan, a comprehensive guide that outlines how the city can combat the encroaching effects of climate change and rising sea levels. CLICK ON THE HEADLINE FOR MORE
Those who are determined can still buy a home. They just have to navigate the strangest market ever. CLICK ON THE HEADLINE FOR MORE
While experts in the Miami-Dade market continue to report robust listings and sales of single-family homes and condos, the full impact of COVID-19 on the industry will take longer to reveal itself — and no one yet knows what that will look like. CLICK ON THE HEADLINE FOR MORE
According to a recent survey, about 35% of 2,000 of real estate industry professionals said that climate change would be the most pressing issue facing the South Florida CRE market in 2020, CLICK ON THE HEADLINE FOR MORE
Thus far, South Florida has primarily seen only wealthy investors from India and Pakistan buying commercial properties and high-end residential properties, but an influx of new middle-class buyers from the sub-continent could dramatically impact the real estate market. CLICK ON THE HEADLINE FOR MORE
According to the Federal Reserve’s top official in Miami, the regulatory body is anticipating two hikes this year that could bump the rate to 3.25 percent that is expected to push up the cost of borrowing for commercial and residential loans. CLICK ON THE HEADLINE FOR MORE
The mass adoption of driverless cars could shift some of the traditional rules that govern real estate values, particularly those concerning access to mass transit. CLICK ON THE HEADLINE FOR MORE
City of Miami Commissioner Ken Russell, who was elected in November, is taking up trees as one of his top priorities. CLICK ON THE HEADLINE FOR MORE
Coconut Grove continues to carry clout, casting aside No. 2-seed Downtown Miami. CLICK ON THE HEADLINE FOR MORE
