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Blog

AN UPDATE ON FOREIGN INVESTMENT IN SOUTH FLORIDA

The South Florida corridor between Fort Lauderdale and Miami has become the area of choice for international buyers. Condo developers have reacted to this demand with 325 new towers and approximately 41,000 proposed units. Of that number, over 13,000 units are under construction, waiting to close or have already closed. Latin Americans, who fear the… read more.

LOOKING AHEAD TO 2015

Real estate is the backbone of the economy. The robust performance of the South Florida real estate market in 2012, 2013 and 2014 has strengthened the local economy, created jobs, increased spending and boosted consumer confidence. After two years of double digit appreciation, prices moderated in 2014 to single digit appreciation levels and looking ahead… read more.

THE EFFECT OF THE EB-5 INVESTOR VISA ON THE SOUTH FLORIDA REAL ESTATE MARKET

International buyers have had a very positive impact on the South Florida real estate market’s recovery. Many international buyers purchase here because of our world class amenities combined with the weather, the beaches and the proximity to international airports. Another big draw that attracts international buyers is the opportunity to invest in real estate and… read more.

BROWARD COUNTY 3rd QUARTER HOUSING UPDATE

Broward County offers beautiful beaches, good transportation networks, plentiful job opportunities, an international airport and attractive housing. Developers realize Broward’s advantages and are building luxury residences with world class amenities at prices that are more affordable than in Miami. As a result, both domestic and international buyers are increasingly attracted to Broward’s more affordable housing… read more.

CONDO BOOM IN SOUTH FLORIDA

South Florida’s new construction condo boom has been ramping up since 2011. Developers have proposed 284 new condo towers totaling more than 38,000 units for sites east of I-95 in Miami-Dade, Broward and Palm Beach counties. The projection for Miami-Dade County is 180 towers with more than 28,250 units. Broward County is projected to have… read more.

HOMES ARE GETTING SMARTER

Smart homes have struggled to find a mainstream audience in part because they require a bit of technical savvy from their user. However, the proliferation of smart phones and tablets provide an easy and cost effective way for tech novices to communicate with their home automation systems. According to market research conducted by the Consumer… read more.

OBJECTIVE vs. SUBJECTIVE VALUE

How much is my house worth? The answer may or may not be what an owner expects. The definition of fair market value is “an estimate of the market value of a property, based on what a knowledgeable, willing and un-pressured buyer would probably pay to a knowledgeable, willing, and un-pressured seller.” An estimate of… read more.

INTERNATIONAL BUYERS LOVE FLORIDA

Florida was the #1 pick for international buyers in 2013 according to Janet Branton, Senior Vice President for Global Business and Alliances with the National Association of Realtors. Florida offers fine weather, beautiful beaches and prices which are a bargain compared to other global resort markets. The state’s business climate is also inviting with incentives… read more.

THE MILLION DOLLAR QUESTION

How is South Florida’s real estate market doing?  It is a complex question, since every market contains micro markets.  Each neighborhood, each price range, and each style of residence – townhouse, single family or condominium – is unique.  In some neighborhoods, the price ranges and choices are plentiful, in others inventory is scarce and prices… read more.

CASH IS STILL KING

The market share of all-cash purchases is on the rise, despite declines in distressed sales and investor activity according to data collected by the National Association of Realtors for their Realtors Confidence Index.  Lawrence Yun, NAR chief economist, calls the findings counterintuitive since “distressed home sales, most popular with investors who pay cash, have declined… read more.