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.
Even though the final numbers are not ready, all indications are that South Florida’s housing market performed well beyond expectations in 2013, especially in the higher price ranges. Buyers who can afford high-end properties expect items and extras that are well above what one may find in lesser priced properties. The higher the price point,… read more.
The South Florida real estate market continues to sizzle with no end in sight. The demand for mansions and ultra-luxury condos is especially strong. According to a recent CNBC report, a surge in demand from New York buyers is more than compensating for the slowdown in Latin American buyers. The New York buyers are no… read more.
Once again, real estate is leading the South Florida economic recovery. According to a report issued by the Federal Bureau of Economic Analysis in September 2013, real estate was the number one contributor to economic growth in 2012, accounting for 31 cents of every new dollar added to the tri-county areas $274 billion economy. Overall,… read more.
During the first half of 2013, South Florida’s housing market performed very well and this was especially true in the higher price ranges. Looking at Broward and Miami-Dade together, the residential market for all properties over $1 million grew with a 30% increase in sales over the first six months of 2012. Available inventory dropped to a sixteen… read more.