Category: MULTIFAMILY

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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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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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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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Condo Prices Hit All-Time High

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According to a new Redfin report, the increase in condominium prices was caused in part by a shortage of house listings causing shoppers to look at condos instead.The median condo price in Miami rose to $383,000, an increase of nearly 33 percent year-over-year. Inventory fell by roughly 30 percent over the same period. CLICK ON THE HEADLINE FOR MORE

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Wealthy Russians Continue To Buy Properties In Florida

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Real estate experts say wealthy Russians are putting down major money towards empty condos. Instead of using their real names, the investors are using the name of corporations, making it harder to track who actually owns the properties. CLICK ON THE HEADLINE FOR MORE

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