Miami Real Estate

Florida Home Values Skyrocket | Florida Realtors

The average Florida home value doubled in six years. Tampa and Miami tied for having the third-fastest price doubling among large U.S. cities. MIAMI – The national median home price is twice what it was ten years ago. Molded by a storm of inflation, tight supply and surging demand, the average home price in the … Read more

Judge Blocks State’s Wetland Permitting Authority

A U.S. District Court judge ruled against Florida’s Department of Environmental Protection’s attempt to retain authority over wetland permitting TALLAHASSEE, Fla. — In a case closely watched by business and environmental groups, a U.S. district judge Friday finalized his rejection of a 2020 move by the federal government to shift permitting authority to Florida for … Read more

What is PITI in a Mortgage Payment

Many new homeowners don’t realize the monthly payments on fixed-rate mortgages can go up and down depending on PITI – principal, interest, taxes and insurance. MIAMI – If you have a fixed-rate mortgage, your payments will always stay the same, right? Wrong. Maybe you’ve heard the term PITI, which stands for the main components of … Read more

How Can I Protect Against Wire Transfer Scams?

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Since bank wires remain the preferred method of closing escrow on a real estate transaction, the best protection is to be overly cautious. MIAMI – Question: I am buying a house and have been warned about the various scams, especially those involving wires. I spoke with the closing agent, and they will not accept a … Read more

$4B Everglades Restoration Underway | Florida Realtors

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The restoration effort in the Everglades is the largest hydrological restoration project ever undertaken in the U.S and aims to improve the water supply and increase flood protection. MIAMI – When Steve Davis jumped out of the airboat and into the water in the middle of the Everglades, it rose to just below his waist, … Read more

Tips for Breaking Into the High-End Market

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Success in the luxury market isn’t just about confidence and who you know. The best agents understand the market and the industry. NEW YORK – Real estate professionals have their own networking and lead generation strategies, but most believe that they can “will” their luxury market success into being – whether that means following up … Read more

Miami Seeks $2.5B for Affordable Housing

The Miami-Dade mayor said she will ask voters in November to approve $2.5 billion in property tax backed bonds to build much-needed affordable housing. MIAMI – Affordable housing in Miami is hard to find. Home prices rose 11% as of November 2023, according to CoreLogic, and a University of Florida housing analysis showed the Miami-Dade … Read more

Pool Deck Likely Origin of Surfside Condo Collapse

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Federal investigators analyzing the 2021 Surfside condo collapse said they think there is conclusive evidence that a pool deck collapsed before the tower. A final report won’t be ready until 2025. FORT LAUDERDALE, Fla. – A federal probe into the June 2021 collapse of a Surfside condo tower that left 98 people dead continues to … Read more

South Florida Condo Buyouts May Change the Skyline

MIAMI — South Florida saw the highest number of condominiums selling out to developers since the pandemic. More buyouts are in the pipeline, raising questions about the future of South Florida’s skyline. Miami-Dade and Broward saw 18 condo buyouts last year, the highest number since 2019 when both counties had a total of 23 buyouts, … Read more

Who Owns a Home in South Florida?

The percentage of Hispanic and Black homeowners in Miami-Dade and Broward counties has decreased as home prices have increased. MIAMI – Since 2012, there are fewer Black and Hispanic homeowners in Miami-Dade and Broward counties, the latest U.S. Census Bureau data shows. The Census Bureau said there were 983,509 occupied Miami-Dade County residences in 2022, … Read more