Miami Real Estate news

Cumulative pending home sales in Miami rose in July, a 19 percent increase above what they were in the same period in 2010, according to a report from the Miami Association of Realtors. “Despite unnecessary restrictive mortgage credit and home appraisal practices, Miami continues to exhibit signs of a healthy and balanced real estate market,” said Jack Levine, chairman of the board of the Miami Association of Realtors. Read more ...

Homes in South Florida were at the same levels in June as they were in 2002, according to the S&P/Case Shiller Home Price Index. Read more ...

No, it’s not the oligarchs from Russia, or Warren Buffet. Nor is it any famous (or infamous) billionaires. The guys who are busy buying up Miami have had a love affair with the tropical Latino city for decades now, live a little farther south, and are known for supermodel women, super soccer stars, samba, and the biggest jungle on the planet. The people buying up Miami are scores and hoardes of Brazilians. Read more ...

(MIAMI, FL) — Based on the latest data from the Miami Association of Realtors, sales of existing single-family homes Miami Metropolitan Statistical Area (MSA) rose 47 percent in July, from 593 to 873. Sales of existing condominiums increased 33 percent, from 837 to 1,110, compared to July 2010. Read more ...

Miami-Dade County’s apartment sector is expected to see vacancies decline and rental rates increase throughout the rest of the year, according to a report released Tuesday by real estate firm Marcus & Millichap. Read more ...

(MIAMI, FL) — Based on a new report from the Miami Association of Realtors, the Miami Metropolitan Statistical Area (MSA), sales of homes – including existing single-family homes and condominiums – increased 49 percent, from 4,557 to 6,768, in the second quarter of 2011 and 15 percent from the previous quarter. This rise marks 12 consecutive quarters, since the third quarter of 2008, of increasing sales. Read more ...

Miami-Dade County home prices are up 12.5 percent this year—if you don’t include the thousands of distressed properties currently dragging down the market, a new report found. Read more ...

Dwindling residential sales inventory and still-tight financing is driving a significant hike in rental prices in downtown Miami. Read more ...