The current state of America’s housing market raises a lot of questions. Professionals and users seem concerned about the Real Estate market. Housing prices are rising faster, higher than ever. Today’s situation is the result of many factors combined, but the pandemic definitely triggered the whole industry. In fact, the Covid-19 situation lasted long enough to create lifestyle changes. For example, the impact of societal behavior pushed more millennials toward homeownership and families to get a bit further from big cities.
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We’ve been writing about how the Tax Cut and Jobs acted signed by Trump in 2017, has made Miami an investment paradise for Tax Refugees (wealthy buyers investing in South Florida looking for a tax break). New York has been one of the best examples of high tax immigration to the sunshine state. As a consequence, Florida is now the 3rd most populous state in the country.
However, this is not the only reason why people are moving to Miami and why the population has almost doubled since 1990. It seems logical for hard-working New Yorkers to think about their retirement and do the math of how long would their money last with the incredibly expensive lifestyle of the Empire State city compared to Miami.
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Are you planning to buy your first house and don’t know what price range to search for? Or are you only curious about how much is your price-to-income guideline? Well, this was the main questions the study of Hosing Markets and Finance made by the American Enterprise Institute’s Center (A.E.I.) was trying to solve.
If you were trying to find a magical equation that gave you the specific amount you can spend on buying a new home, I am sorry to tell you that it is a bit more difficult than that.
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From telephones to televisions and computers to cars, you’d be hard-pressed to find an aspect of our lives that hasn’t been affected by the internet revolution. And for those hopping in to the world of real estate, you’ll see that this industry has been significantly influenced by the interconnectivity of the world wide web. Read the rest of this entry »
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A few months ago, I was glad to tell you that Brazilians were one of the biggest buyers of Miami real estate. They have almost by themselves rescued the market.
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After many months of uncertainty, the casino resorts legislation in Florida is still under discussion. Subsequently, Resorts World Miami, the Downtown Miami giant complex supposedly containing the world’s largest casino still has an unsettled future. Read the rest of this entry »
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A recent report highlights Miami-Dade’s strengths and weaknesses.
First of all, Dade County is one of the most affordable big metro areas to live in (see graph below). As you can notice Miami ranks 7th lowest among the 16 major US cities, far behind NYC, Los Angeles and even Fort Lauderdale! Read the rest of this entry »
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The developers are back in Miami ! Since the inventory has been depleting for the past year, developers are getting ready to start construction again. In the area,
Brickell House is going to be the first one to start pre-sales.
Everyone is eager to know more about the Brickell House project since there has been no newness in the condo architectural design lately. All the condos selling at this time have been designed at best in 2005. The glimse of information that I was able to get is very promising. The team is the same as the one who did the Apogee. The interior designer is going to be Yabu Pushelberg and the architectural firm, Sieger Suarez, who also designed the Murano at Portofino and the Continuum II. Read the rest of this entry »
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