The Upsurge of Miami’s Luxury Market
In the realm of luxury real estate, Miami continues to solidify its position as a premier destination for high-end property investments. Recent data showcases a remarkable uptick in sales, affirming the city’s allure among affluent buyers seeking opulent living experiences. March 2024 witnessed a noteworthy 4.47% year-over-year increase in total home sales priced at $1 […]
Bright Outlook for Miami Realtors: Sales Surge in First Quarter of 2024
In an auspicious start to the year 2024, the real estate market in Miami-Dade County has demonstrated continued and robust growth in single-family home sales. According to the latest statistics released by the Miami Association of Realtors (MIAMI) and the Southeast Florida Multiple Listing Service (SEFMLS), monthly transactions remain solidly within the historically normal range, […]
New-Home Buyers: Consider ‘Phase Inspections’
Phase inspections, or inspections during a new build, help address potential problems. Qualified home inspectors should be trained in new-home construction. New-home buyers may want to bring an inspector into the construction process earlier and at multiple intervals – such as when the foundation is poured and again before the walls are sealed. Adam Long, […]
Miami has become the preferred destination for “cent-millionaires”
A recent report published by Helen & Partners revealed that Miami is the number one city in the world where cent-millionaires, individuals with over $100 million in assets, wish to have a second residence. This “Magic City” also stands out as one of the fastest-growing wealth centers in the United States. Between 2012 and […]
Exploring the Phenomenon: Why New Yorkers and Californians Choose Florida?
Florida has become the dream destination for those seeking a change of scenery, with the main being none other than residents of New York and California. At the height of the pandemic, when the need for larger homes and outdoor spaces became imperative, residential properties in Florida’s suburbs and interior became the most coveted by […]
Will mortgage rates go down in 2024?
Good news for borrowers: The wait for lower rates may soon be over. Mortgage rates have dropped quite a bit from where they peaked in October, and they could finally drop below 6% by the end of 2024. The latest economic data show that inflation is slowing and the economy is cooling. The Federal Reserve seems pleased with these […]
Real Estate Trends: What’s in Store for 2024?
By Kim Hays Florida Realtors chief economist: Watch for the market to reignite over the next several months. “We have weathered the worst of it.” ORLANDO, Fla. – Watch for the Florida real estate market to slowly start growing in 2024 as interest rates flatten and consumers begin realizing what they’re seeing is the new […]