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.
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.
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.
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.
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.
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.
Long known as the Venice of America and the Yachting Capital of the World, Fort Lauderdale is a city on the rise. An award winning downtown combined with beautiful beaches and attractive residential neighborhoods make this a great place to call home. In a recent ranking of The Top 10 Best Downtowns 2014 by Livability.com, Fort… read more.
U.S. millionaires view real estate as a top alternative asset class. According to a survey released by Morgan Stanley’s Wealth Management division, approximately 77 percent of investors with at least $1 million or more in assets already own real estate and plan to make it their number one alternative investment pick for 2014. One third… read more.
Selling a home once owned by a family member or close friend is never easy. Heirs and personal representatives faced with this task must consider many issues. If more than one heir is involved, the interaction between or among the parties may be smooth, but more often than not, it is usually uncomfortable or even… read more.
2013 was a spectacular year for residential home values in South Florida. Low mortgage rates, tight inventories and buyers with cash and good credit contributed to the rebound in housing. The cumulative value of all homes sold in Broward, Miami-Dade, and Palm Beach counties in 2013 is expected to total $646.8 billion, reflecting an annual… read more.