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WHEN ONE OF THE MOST INFLUENTIAL REAL ESTATE BROKERAGES IN MIAMI assembles an elite team of over 175 real estate associates to market properties including some of the most highly anticipated new luxury residential complexes and estates in South Florida’s history, everyone pays attention.
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With New App, Property Valuation Ranges Are Just the Beginning
Maybe you want to know about that property you’re thinking of buying. Or you just want to know the valuation range for your own property. Click through to access an app that will give you value ranges, and more, for any property you’re interested in. Welcome to our interactive feature: an automated valuation model (AVM) tool. An AVM uses software to issue estimated values for a given property, based on the latest local data. The result is a mathematically generated home value range based on proprietary information. (More...
read moreFlorida’s population exploding; expected to reach 20.7 million by end of 2016
Florida’s population exploding; expected to reach 20.7 million by end of 2016 Analysis by Cushman & Wakefield depicts a thriving economy in Florida driven by explosive population growth and high consumer confidence. The report, compiled by Cushman & Wakefield’s Research Team, analyzes population growth, employment levels, home values and retail sales activity in Florida’s eight major markets – Fort Lauderdale, Fort Myers, Jacksonville, Lakeland (Polk County), Miami-Dade County, Orlando, Tampa – St. Petersburg and West Palm...
read moreIs Miami/ South Florida the Newest Hot Spot for Manufacturing?
South Florida’s industrial developers are building bigger and better facilities to accommodate a thriving logistics market, a new wave of e-commerce giants looking for large chunks of warehouse space and an uptick of goods flowing through the now-expanded Panama Canal. Click Full Article for more details. Full Article Save Article Article Feedback Share Article
read moreFlorida GDP outpacing U.S. economic output thanks to strong real estate, construction sectors
Florida’s GDP growth of 2.1 percent in the first quarter of 2016 not only outpaced the country as a whole, but all of the other top population states and every state in the Southeast but one. Not a bad economic scorecard for the Sunshine State. A key measure of economic vitality, gross domestic product (GDP) by state is the market value of goods and services produced by the labor and property located in a state. In the first quarter, the value of Florida’s GDP stood at more than $911 billion, up more than $48 billion from a year...
read moreU.S. Mortgage Rates hit record low
From the New York website: The average interest rate on 30-year fixed-rate mortgages in the U.S. hit 3.36 percent Friday, matching the lowest level ever recorded. The last time these mortgages came with a 3.36 percent interest rate was in December 2012. Driving the trend is a decline in the yield on 10-year U.S. Treasury bonds, which serve as a key benchmark for mortgages, Bloomberg reported. The 10-year U.S. Treasury yield currently stands at 1.49 percent, down from 2.27 percent at the beginning of the year, as global investors seek safe...
read moreSquare Station Miami gets city approval
Despite negative recommendations from staff and the Miami Planning and Zoning Appeals Board, the city commission unanimously approved a zoning change that paves the way for The Melo Group’s Square Station project to move forward. City commissioners were swayed by the developers’ promise to set aside 96 apartments in two proposed residential towers for workforce housing. “I want to thank you for taking it to this level and for the affordability of this project,” said Commissioner Ken Russell. “As we try to develop this neighborhood, we are...
read moreDevelopers to provide affordable housing & transportation incorporated in new projects
During an event Thursday morning featuring an all-female lineup of prominent real estate professionals, developers Lissette Calderon and Avra Jain voiced their support for a Miami-Dade County legislative proposal that would require builders to set aside units for blue collar workers currently priced out of the South Florida market. “We have to have housing that is affordable,” Jain, CEO of the Vagabond Group, told attendees. “This is not a new idea. It’s been done in New York.” In September, the Miami-Dade County Commission is set to vote on...
read moreUber co-founder makes real estate play with Haus
SAN FRANCISCO — Uber co-founder Garrett Camp has launched a new real estate venture called Haus for startup studio Expa, which allows buyers to digitize the making and accepting of official offers on a property. Camp debuted the startup on Thursday,TechCrunch reports. Haus now aims to capture the market for buyers looking for more transparency in the process, by allowing them to see the bidding movement on a property in real time. As the process is structured now, buyers may be told they are in a bidding war, but not have any idea how or when...
read moreMillennials now largest generation in housing market
CHERRY HILL, N.J. – Aug. 2, 2016 – New research from TD Bank reveals that millennials are more conservative with their money than their youth would suggest. In fact, nearly two-thirds are saving cash in order to buy their first home. However, 74 percent of millennials say that saving for a downpayment is still the most significant hurdle to achieving the American dream, according to TD Bank’s second annual First-Time Home Buyer Pulse, which polled more than 1,000 Americans looking to purchase a first home within the next five years....
read moreThey’re back: Teardowns again becoming popular
They’re back: Teardowns again becoming popular WASHINGTON – Aug. 2, 2016 – More builders and private individuals are turning to teardowns to open up lots. They’re eyeing aging homes to demolish and replace with a modern house that they believe will be more appealing to today’s homebuyers. In Houston, the teardown trend is especially evident. Permits for teardowns have climbed 22 percent in Houston this year alone. The National Association of Home Builders (NAHB) estimates that nearly 8 percent of all single-family housing starts...
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