Miami Real Estate news

As South Florida’s condo market rapidly moves toward another new construction boom, now is the time for the real estate industry to adopt measures to reduce the chances of another bust. Read more ...

Sales of existing condominiums in Miami increased 63 percent in October, with sales of existing single-family homes in Miami were up 41 percent in October, according to a report from the Miami Association of Realtors. “We are encouraged by the record-breaking performance of the Miami real estate market this year,” said Jack Levine, chairman of the board of the Miami Association of Realtors. “Rising demand and limited supply is yielding higher average and median sales prices, and we expect to see double digit appreciation in 2012.” International buyers continued to fuel deals, especially all-cash transactions. The median sales prices for condos rose 8 percent to $117,900, with the median single-family price decreasing by 12 percent to $174,600. — Read more ...

Despite suffering through one of the worst housing market crises, Miami’s residential market is now doing better than the rest of the nation.
“In comparison with the rest of the country, the coastal regions of our nation as well as the dessert are doing better on a percentage basis than many other interior markets,” said Ron Shuffield, president of Esslinger-Wooten-Maxwell Realty. “We have a considerable number of international buyers and second-home buyers. Now, our prices today have rolled back about ten years.” Read more ...

The pall cast over the global economy shows no sign of lifting anytime soon. The U.S. and Europe are mired in debt, experiencing the lowest levels of consumer confidence in decades, and a sharp slowdown in the global economy is predicted for 2012. In our own backyard, Florida continues to suffer from high mortgage defaults, foreclosures and joblessness above the national average. Read more ...

Please check this video on what is next in Miami . Read more ...

Residential sales in South Florida were up in September, with Miami experiencing the biggest increase for both condos and single-family homes. Read more ...

Home sales are bouncing along the bottom, home prices still haven’t hit bottom, and government proposals to juice the housing market are simply falling flat. Read more ...

Residential real estate experts foresee a boost in property values due to international buyers growing increasingly interested in South Florida. Read more ...

Economists may still be calling U.S. real estate overpriced, but property in the nation’s biggest cities is still relatively affordable compared with the rest of the world, a chart compiled by credit management system Credit Sesame shows . Read more ...

With more construction projects, like apartments and commercial developments, going up, Miami-Dade’s building industry is inching closer to a rebound. Hiring losses have lasted four years — and counting Read more ...