Evidence is emerging that sellers who have hibernated for months are ready to list their house. Over the next six months, enough of them are expected to add to the thinning number of homes for sale that buyers could have broader choices, according to analysts, brokers and home search sites. CLICK ON THE HEADLINE FOR MORE
As the inventory of single-family homes shrunk considerably, out-of-state buyers turned their attention to the extraordinary pool of Miami condominiums on the market, and the numbers indicate growing momentum in the opening weeks of 2021. For some of the factors driving this trend, CLICK ON THE HEADLINE
Condos are back. According to the Miami Association of Realtors report, condo transactions outpaced those of houses in October and November after months of buyers favoring houses. CLICK ON THE HEADLINE FOR MORE
Plenty of real estate agents are seeing mass movement to South Florida. While 2020 saw housing prices dip in many major markets, some hot neighborhoods saw an increase in sales above listing price. CLICK ON THE HEADLINE FOR MORE
The fair’s cancellation this year has pulled the plug on a yearly promise of crowds, creativity and a major economic boost for the city. But is it a blessing in disguise – a reset button that will allow the spotlight to shine on Miami’s local art scene instead of being clouded by the international fair? CLICK ON THE HEADLINE FOR MORE
The frenzy over South Florida residential real estate is showing no sign of slowing, according to the latest report on signed contracts from real estate brokerage Douglas Elliman. CLICK ON THE HEADLINE FOR MORE
Art Basel became the latest cultural casualty of Covid-19. Scheduled for December, the event is now set to to return in June 2021. Although there’s no way to replace the lost revenue, the communities of Miami and neighboring Fort Lauderdale look to recreate some sense of the event’s energy and activity. CLICK ON THE HEADLINE FOR MORE
Home sales are not only increasing by double digits, but properties are going under contract significantly faster than last year, a sign of the robust demand for Miami real estate. CLICK ON THE HEADLINE FOR MORE
After a whopping 55.6% drop in year-over-year luxury sales in the second quarter, third-quarter sales of existing homes skyrocketed by 65.2% for single-family houses and by 18.2% for condos when compared with the same period in 2020. CLICK ON THE HEADLINE FOR MORE
The unprecedented depth and breadth of the economic maelstrom facing Latin America likely means migratory push over the course of the next year. CLICK ON THE HEADLINE FOR MORE
