Miami
Real Estate News

Over 25 Percent of U.S. Home Sellers Dropped Asking Price Last Month

Over 25 Percent of U.S. Home Sellers Dropped Asking Price Last Month

According to new Redfin research, signs continue to point toward a changing market that's letting U.S. homebuyers be more selective as supply constraints begin to ease in the hottest markets. Read More »


Property Investors to Buy More Senior Housing in 2019

Property Investors to Buy More Senior Housing in 2019

According to the recently released CBRE U.S. Seniors Housing & Care Investor Survey, the appetite for senior housing acquisitions in the U.S. remains strong, with nearly two-thirds of investors planning to increase the size of their portfolios over the next 12 months. Read More »

Mortgage Rates Continue to Rise in U.S., Third Straight Week

Mortgage Rates Continue to Rise in U.S., Third Straight Week

According to Freddie Mac latest Primary Mortgage Market Survey for the first week of September 2018, U.S. mortgage rates jumped over the past week to a level not seen in over a month. Read More »

Home Mortgage Originations in U.S. Down to a 4-Year Low in Q2

Home Mortgage Originations in U.S. Down to a 4-Year Low in Q2

More than 1.5 million (1,527,433) loans secured by residential property were originated in Q2 2018, down 16 percent from the previous quarter. Read More »


Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated September 21, 2018 9:00 AM ET

Miami Property News

According to new U.S. housing market research by Zillow, the combination of rising home prices and interest rates creates a doubly challenging environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden.

Sales of newly built, single-family homes inched down 1.7 percent in July to a seasonally adjusted annual rate of 627,000 units after an upwardly revised June report. On a year-to-date basis, sales are up 7.2 percent from this time last year.

According to CBRE's latest U.S. Data Center Trends Report, demand from large cloud users has set the U.S. data center market on pace to break 2017's record leasing activity.

South Florida luxury property developer BH3 is now benefitting from one of the US housing market's most significant real estate trends in 2018 -- wealthy tax reform refugees from the northeast seeking residences in Florida's luxury home market.

Despite recent reports showing a drastic oversupply of luxury condos in Miami in 2018, a condo at Echo Brickell in the Brickell area just sold at a record-breaking price per square foot.

International sales totaled $121 billion during April 2017 to March 2018, a 21 percent decline from the previous 12-month period, according to an annual survey from the National Association of Realtors.

There are good reasons why citizens of many countries should, and indeed, have a right to acquire a second citizenship, particularly in a new country where taxes are reasonable.

According to the Miami Association of Realtors, Miami-Dade County existing condominium sales surged 5.6 percent in 2Q 2018 as median prices for all properties rose for the 26th consecutive quarter.

Miami-Dade County luxury real estate sales continue to increase while lower price points experience strong demand and limited supply, resulting in price increases countywide.

According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability increased in June 2018. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

According to U.S. brokerage firm Redfin, few homebuyers are halting their searches in the wake of rising mortgage rates.

According to the American Automobile Association (AAA), a record-breaking 46.9 million Americans will travel 50 miles or more away from home this 2018 Independence Day holiday.

South Florida's multifamily real estate transactions jumped 8.5 percent year-over-year in 1Q 2018 and per-unit multifamily prices increased in Miami-Dade, Broward and Palm Beach counties.

According to the Miami Association of Realtors, total Miami luxury home sales rose 24.1 percent year-over-year in May as existing condominium sales rose for the second consecutive month.

Independent mortgage banks and mortgage subsidiaries of chartered U.S. banks reported a net loss of $118 on each loan they originated in the Q1 2018.

More than 6.9 million homes along the Atlantic and Gulf Coasts are at potential risk of damage from hurricane storm surge inundation.

According to Transwestern, Miami-Dade County's office market continued to reflect near record-low vacancy in first quarter 2018, posting at 12.3 percent.

According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years.


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