Currently, the number of cash buyers in the residential real estate market has increased. Indeed, fewer people are willing to buy a property due to high-interest mortgage rates. The rise of mortgage rates has slowed down the market and decreased the competition. It has been more than twenty years since the interest rate was too high. This new trend has impacted the real estate market.
Read the rest of this entry »
Like this:
Like Loading...
Tags: buying by cash, buying condo, buying real esate, cash deal, Florida, Miami, Miami condos, Miami Real Estate, real estate, real estate blog, real estate market, real estate trends, South Beach real estate
On November 8th, Miami Beach’s residents rejected the measure that would have given the ability to transform the Deauville site into a larger project. Unfortunately this vote didn’t prevent the developer from tearing down the building. On November 11th, the last occupants left the building.
Read the rest of this entry »Like this:
Like Loading...
Tags: Florida, Miami, miami beach real estate, Miami building, Miami Deauville Resort, Miami property, Miami Real Estate, Miami real estate news, Miami real estate project, real estate, real estate market
When it comes to buying a property, we all have various motives, but one we would all agree on would be: to avoid losing money by any means!
Eventually, you can reduce the risks of buying the wrong property, following the advice of your realtor, or real estate professionals in the designated area.
Read the rest of this entry »Like this:
Like Loading...
Tags: Florida, Miami, Miami condos, Miami Real Estate, real estate, real estate blog, real estate market, South Beach real estate
The home-sharing market around the world has been extremely affected by the COVID-19 situation. Flights getting canceled and people scared of getting infected or spreading the virus has created a huge wave of short term rental booking cancellations that have seriously affected Airbnb hosts. The real question is can the industry’s leader survive to this lockdown?
Read the rest of this entry »
Like this:
Like Loading...
Tags: Airbnb and covid-19, Airbnb and covid-19 real estate, airbnb real estate market, covid, covid-19 real estate miami, covid-19 real estate US, Florida, hosts airbnb and covid-19, real estate, real estate market Florida, real estate market miami, real estate news
It seems strange and unreal that real estate hasn’t shown a dramatic slow down in sales due to the Coronavirus crisis, but that is exactly the case for Miami-Dade County. Real estate hasn’t suffered as much as most of us thought it will. Pending contracts keep converting into closed sales and sales keep increasing month to month. With 465 closed sales of single-family homes in the first half of March and 557 closed condos, there was a 4.5% and 14.1% increase respectively compared to the first 2 weeks of February.
Read the rest of this entry »
Like this:
Like Loading...
Tags: coronavirus situation real estate, covid-19, covid-19 real estate miami, Miami Real Estate, miami real estate coronavirus, real estate, real estate blog, real estate market, real estate miami news, real estate news
The New Federal Tax Law signed at the end of 2017 by president Trump has clearly created a new trend of Tax Refugees trying to escape the high taxes of northern cities, to the shiny and tax privileged Miami. The most affected ones are the wealthy property investors after the law reinforced a deduction for state and local property taxes at $10,000. However, this doesn’t mean that these buyers are in a rush for changing residency and moving out to Florida.
This story has been all over the news, with shocking headlines it might have been misinterpreted as a drastic and radical movement that was happening from one day to the other. Nevertheless, this is not precisely the reality.
Read the rest of this entry »
Like this:
Like Loading...
Tags: domestic buyers, Florida, New York, Property taxes, real estate, real estate blog, real estate market, real estate news, real estate sales, tax refugees, taxes Miami
Another day and yet another new condo construction in Miami. The inventory of Miami Beach is about to increase with the tenacious construction of Park on Fifth. This 44-story luxury condo will be raised at 500 Alton Road with a welcoming location for visitors and residents of Miami Beach coming from the MacArthur Causeway.
Read the rest of this entry »
Like this:
Like Loading...
Tags: 500 Alton condo, construction south beach, Crescent Heights, Florida, miami developments, miami preconstruction, miami real estate developement, Opportunity Zone, park on fifth, real estate, rusell galbut
It’s not the first time we mention how climate weather is affecting Miami’s landscape. In our article “Miami’s great initiatives to combat climate change” we explained how Miami’s local government is developing new ways to reduce the long-term risk of flooding and stabilize the region’s economy. This time I wanted to explore a little deeper one innovative development that is reducing the flooding risk and is creating a cool trend at the same time!
Read the rest of this entry »
Like this:
Like Loading...
Tags: Miami, miami developments, miami initiatives, Miami Real Estate, miami real estate trend, miami trends, miami under water, properties, real estate, real estate blog, real estate market, real estate news, real estate trends, real estate usa
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.
Read the rest of this entry »
Like this:
Like Loading...
Tags: buy condos in miami, buy miami condos, choose miami, choose miami over new york, Florida, Miami, miami or new york, Miami Real Estate, miami the best place to live, Miami vs new york, New York, New yorkers moving to miami, purchase a condo, purchase a property, real estate, real estate blog, real estate market, real estate news, real estate tips, real estate trends, tax refugees, why to move to miami
It is known that all great cities have been built along rivers. New York, Paris, London, Chicago, are just a few examples. It would be impossible to say it is just a coincidence! There a lot of riverfront advantages that have helped the commercial developments of cities. The half-mile long Miami River is not the exception. Miami was meant to be one of those big metropolises.
The 5.5-mile long Miami River is one of the most unique and authentic features that characterize Miami nowadays. It is so hard to think that it hasn’t always been this way, but it is actually the case. In 1950 the Miami River had a really bad reputation as everyone considered it like a cesspool. It was the last city in the U.S that pumped sewage into the river. It was only used for hosting cargo ships and marine repairs. Nowadays the story is completely different.
Read the rest of this entry »
Like this:
Like Loading...
Tags: Brickell, Brickell condos, Downtown, Downtown Miami, Florida, Miami Real Estate, miami river, Miami River condo, miami river condos, Miami River district, real estate, real estate market, real estate news, real estate sales, real estate tips, real estate trends, river