The South Florida housing market is still strong; however, prices and the number of units closed is rising at a slower pace than in prior years. According to HouseCanary, a real estate data gathering and analytics firm, previously active markets are stabilizing and appreciation is projected to slow in 41 of the top 100 metropolitan… read more.
In the not so distant future, homes and retail centers will be undergoing significant changes. The pervasive influence of the internet will affect how people use their homes and how retailers will adapt to e-commerce. At the University of Miami’s Real Estate Impact Conference on February 9th, top executives from Starwood Capital Group, Whole Foods… read more.
While none of us have a crystal ball, the South Florida real estate market is projected to remain strong into 2018. Broward County, especially Fort Lauderdale, has been ranked as one of the top real estate markets in the country and this goes a long way in attracting both domestic and international buyers. The single… read more.
The information available on the Internet and real estate sites such as Realtor.com, Trulia, and Zillow make it very easy for both buyers and sellers to research real estate information. Closed sales provide actual sale prices while listed property pricing can reflect realistic pricing or “hopeful” pricing. With so much information readily available on-line, the… read more.
Broward and Miami-Dade Counties are both ranked among the top real estate markets in the country, according to the results from the annual Emerging Trends Real Estate Study conducted for the Urban Land Institute by PricewaterhouseCoopers (PwC). Broward County, due in large part to the City of Fort Lauderdale, had the largest gain in this… read more.
Most new condo projects being built in Fort Lauderdale have seen sales increases year-over-year. According to sales data recently released in a report from Related ISG’s Fall 2017 Miami/Fort Lauderdale Edition, of the 1,410 new units available from September 2016 to September 2017, developers have sold almost 800 units, or 57%, with 611 units currently… read more.
Fortunately, Fort Lauderdale made it through Hurricane Irma relatively unscathed. We were fortunate, given the original path of the storm. Our thoughts and prayers go to those still suffering from the effects of this hurricane, as well as Hurricane Harvey. We also give thanks to first responders, volunteers and those who help during events such… read more.
Fort Lauderdale’s downtown is increasingly becoming an attractive place where people can reside, work, and play without having to commute. To make the downtown a more pedestrian friendly and safer area, the City Council is proposing a change to the Las Olas Boulevard corridor. Between SE 6th Ave and SE 11th Ave (from the Laura… read more.
Fort Lauderdale is a city on the rise with annual employment growth exceeding 3.5%, which is well above the national average. In April 2017, Fort Lauderdale ranked first (tied with Dallas) as the metropolitan region with the highest year-over-year job growth in the nation, according to the U.S. Bureau of Labor Statistics. The business and… read more.
The South Florida real estate market is something of a riddle these days. Some values are going up while other values are coming down. Some low and mid-priced properties are selling quickly while some high-end properties are staying on the market longer. The demand from foreign investors, who were feverishly buying properties in record numbers… read more.