Miami Real Estate news

Bulk sales are tapering off, but brokers say a burst of buying activity since the beginning of the year is eating into the downtown condo inventory and, in some cases, even leading to appreciation. Read more ...

U.S. home prices fell to a seasonal low in February, down to their lowest level since March 2003, according to HousingWire, which used data from RadarLogic’s RPX Composite Index. Nationwide, prices were down 4.3 percent year-over-year and 36 percent from their June 2007 peak. Read more ...

MIAMI-Downtown Miami was the heart of the state’s condo craze—and subsequent condo crash. But while real estate prices are still declining in most parts of South Florida, condo prices in the urban core are on the rise again. Read more ...

Sales of new condos in downtown Miami dropped by more than half in the first quarter, as prices rose an average of 14 percent, year-over-year. Read more ...

Sales of existing single-family homes in South Florida were up 46 percent in March while condo sales were up 28.4 percent, according to data released by Florida Realtors. Read more ...

The shine is back on South Beach.
“You know the Murano Grande building?” Vanessa Grout, president of Douglas Elliman Florida, asks, referring to the Related Group-developed, 270-unit condo tower in South Beach’s desirable South of Fifth area. “Two years ago, 20 percent of it was on the market due to foreclosures and distressed assets. Now it’s down to 5 percent.” Read more ...

WASHINGTON – April 18, 2011 – The once-dismal commercial real estate market is turning around far more quickly than analysts expected, with troubled loans falling, occupancy rising and office building sales surging in the largest markets. Read more ...

The 400 richest taxpayers in the country—average income $345 million—pay about 17 percent of their income in taxes on Monday, down from 26 percent in 1992. Over the same period, the average taxpayer’s federal income tax rate has declined less than one percent. Still, 45 percent of households will pay no income tax at all. Read more ...

MIAMI – April 15, 2011 – According to a Wells Fargo report released this week, Florida is No. 1 in potential job growth once the state shakes off lingering effects from the recession. Read more ...

MIAMI – April 12, 2011 – With affordability at an all-time high, the number of investors and international buyers taking advantage of bargains has reached a record number in all-cash purchases – and some experts predict that number will only grow higher. Read more ...