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With shortage of homes, today’s buyers turning more to fixer-uppers
Strong sales over the past four years have depleted the supply of homes in the tricounty region, and that scarcity is the main reason prices continue to rise, analysts say. Broward County had 5,396 active listings at the end of July, a decrease of 12 percent compared with a year ago, according to figures from the Greater Fort Lauderdale Realtors. Please click FULL ARTICLE below here to read more aetails. Full Article Save Article Article Feedback Share Article
read moreMiami ranked 4th best graffiti city in America
In a column centered around “the best graffiti walls in the US,” Miami ranks fourth, says the New York Post: Befitting the South Florida oasis, the murals here are known for their bright colors that dazzle in the warm glow of the sun. But don’t let those breezy tropical yellows, oranges, reds and blues trick you into thinking the art is just for aesthetics. Sure, some pieces simply put forth a stunning visual, but others offer a real political message that becomes more apparent following each visit. Miami ranked behind only New...
read moreAmazon in Miami $198 million fulfillment center over $51 million in Real Estate
Amazon in Miami $198 million fulfillment center over $51 million in Real Estate. A company that the South Florida Business Journal said could be Amazon.com applied for $1.5 million in county and state job incentives to build the high-tech facility in Opa-Locka. “Project Sol” would also invest $147 million in personal property and equipment for an 855,000-square-foot distribution warehouse that’s set to break ground during the third quarter of next year, according to the publication. Amazon currently operates a fulfillment center near Doral...
read moreMiami home price appreciation approaches 5 consecutive years
For 56 consecutive months, single-family home prices have appreciated in Miami, a report from the Miami Association of Realtors and the local MLS confirmed. In July, the median sales price reached $299,000. Condo price appreciation has been similarly predictable, rising 60 of the last 62 months, bringing the median sales price to $225,000. Still “a major bargain” by the association’s measure. Click Full Article for more details. Full Article Save Article Article Feedback Share Article
read moreU.S. consumer confidence hits one-year high
NEW YORK – Aug. 30, 2016 – The Conference Board Consumer Confidence Index, which had decreased slightly in July, increased in August. The Index now stands at 101.1 compared to 96.7 in July. The Present Situation Index rose from 118.8 to 123.0, while the Expectations Index that gauges consumers’ expectations six months from now improved from 82.0 last month to 86.4 in August. “Consumer confidence improved in August to its highest level in nearly a year, after a marginal decline in July,” says Lynn Franco, director of economic...
read moreReal estate to get its own stock category
NEW YORK – Sept. 2, 2016 – Real estate companies have been included in a category with banks and insurance firms since 1999 in stock markets across the globe. But that soon will change. Real estate is getting its own dedicated category. The Wall Street Journal reports that the move likely will prompt analysts to pay closer attention to real estate investment trusts. The Global Industry Classification Standard separates companies into 10 industries, like energy and health care. The groupings allow investors to follow broad trends. But the new...
read moreReal estate better than stocks, gold
NORWALK, Conn. – Sept. 6, 2016 – Despite recent gains in the stock market, Americans have more confidence investing in real estate. About a quarter of Americans surveyed said real estate was their top choice for long-term investing, according to a new national survey released by Bankrate. Consumers selected real estate as the top pick to invest money they wouldn’t need for more than 10 years, followed by cash investments (e.g. certificates of deposit and savings accounts). Then, coming in a distant third was the stock market....
read moreMiami’s Hottest Events in August
Don’t miss these Miami events in the month of August. August in Miami is sizzlin’ hot—featuring live music, Miami Spice and a list of events you won’t want to miss. Source: MiamiandBeaches.com Click FULL ARTICLE tab below here. Full Article Save Article Article Feedback Share Article
read moreCity of Coral Gables booming and transforming
Change is coming to Coral Gables, which has long been defined by a strict zoning code that has maintained founding father George Merrick’s vision of the City Beautiful. From the type of vehicles homeowners can park in their driveways to the type of terracotta roof tiles developers can use, Coral Gables meticulously governs the city’s aesthetics so that nearly every building is done in grand Mediterranean Revival architectural style, every residential block is lushly landscaped and swales are kept free and clear of clutter. The city’s refined...
read moreKnow, like and trust: The essence of networking – South Florida Business Journal
Unlike its stereotype, business networking is not based on hitting up every new person you meet with some line about how great your product or service is while slapping a business card into their hand and uttering clever one-liners such as, “let’s do lunch.” Click Full Article for more details. Full Article Save Article Article Feedback Share Article
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