New hotels, Michelin-starred restaurants and a $100 million home sale are creating buzz for the leafy area that retains its small town feel: “You can walk everywhere.” CLICK ON THE HEADLINE FOR MORE
The US Census Bureau’s American Community Survey 2021, out this month, is the most recent window into Miami-Dade’s demographic realities. One valid notion is tha rapid change is fueled by continuous arrivals from abroad. We now are very much a county of the foreign born, and a long-term shift could be a game-changer in a nation that was founded on European arrivals. CLICK ON THE HEADLINE FOR MORE
The influx of international investment in South Florida is a welcome change for sellers and brokers, now that high mortgage rates have pushed domestic buyers to the sidelines. And the numbers show that foreign investment is returning. Brokers are particularly seeing buyers from Brazil, Argentina, Colombia.
South Florida housing prices are expected to rise 3.4% in 2023, according to a newly released Realtor.com forecast. Meanwhile, the volume of sales is predicted to drop by 2% locally. CLICK ON THE HEADLINE FOR MORE
Home prices in the country could fall 15 to 20 percent in a “pessimistic” scenario, according to the recently published report. If that correction happens, it could remove 0.5 to 0.7 percentage points from consumer spending. CLICK ON THE HEADLINE FOR MORE
The housing market has been hotter in South Florida than just about any place on the planet over the last year. But now that interest rates are north of 7%, are they cooling the action in Miami? Dina Goldentayer, Executive Director of Sales at Douglas Elliman, joined Yahoo Finance Live to talk about that. CLICK ON THE HEADLINE FOR MORE
While investing in strong building materials and incorporating hurricane-resistant windows and doors will help people manage more intense storms, building experts are looking at other ways of making homes more suited for the challenges that come with extreme weather. CLICK ON THE HEADLINE FOR MORE
With the introduction of the café, Mr. C Residences Coconut Grove will be the first to bring quintessential Italian cuisine tradition to a Mr. C brand nestled within one of Miami’s most charming neighborhoods. The development is on schedule to open in 2023. CLICK ON THE HEADLINE FOR MORE
If it can’t come up with $7.9 million in the next few weeks, Metronomic’s only finished Coconut Grove development, the four-story GroveHaus apartment building at 3265 Bird Avenue, could head for auction on Oct. 12. CLICK ON THE HEADLINE FOR MORE
It’s expected many of the people who will be selected as tenants of the lower-priced apartments are from everywhere but Coconut Grove, due to guidelines set forth by federal housing officials for the recent apartment lottery. CLICK ON THE HEADLINE FOR MORE
