Tag Archives: Miami Real Estate

Miami one of the Strongest Housing Markets

Believe it or not, the figures speak for themselves. The Investors Business Daily just ran an article commenting on the strength of the Miami condo market in comparison to other large cities in the United States. This is exactly what … Continue reading

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Lennar Profit Beats Estimates

Miami based Lennar Corp, the third largest U.S. homebuilder reported a better than expected net income of $32 million for the three months ending on Nov 30th. The fact that homebuilders are able to make money in an environment where … Continue reading

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Miami September Pending Home Sales Continue Improvement

According the the Miami Association of Realtors and the Southeast Florida Multiple Listing Service, pending home sales in Miami-Dade County increased 28.6% in September 2010 compared to Sept 2009. This is in a brighter contrast to the national pending home … Continue reading

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Onyx Condo Liquidation Sale

In the latest news for distressed real estate sales in the Midtown Miami area, a bankruptcy court will auction off 40 units in the Onyx Condominium. The Onyx Condominium is a luxury high rise in Midtown Area in front of … Continue reading

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Biscayne Wall Comes Alive!

Biscayne Wall refers to the towering row of skyscrapers in Biscayne Boulevard stretching from 11th ST before the Performing Arts center all the way down to 1st Street. The buildings face the American Airlines Arena and Bayfront Park. Some have … Continue reading

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Sky Train Now Operating at Miami International Airport

As part of the massive and ambitious project known as Miami Intermodal Center connecting Miami’s somewhat fragmented transportation network, Sky Train has been completed and in operation for Concourse D. Sky Train provides light rail transport for passengers through Miami … Continue reading

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Miami Property Taxes Set to Increase

Miami County commissioners voted 8-5 in favor of a tax increase of 14%. Understandably, this is not sitting well with many residents who are demanding pay reductions for government officials or outright removal. Many property owners may not necessarily pay … Continue reading

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Homestead Property Owners May Pay More Taxes

Miami-Dade County commissioners voted yesterday to raise the property tax rate in a way that would affect more than 60% of homestead property owners even though their properties are worth less. There will be another hearing before the budget is … Continue reading

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How will Cuban Liberalization affect Miami Real Estate?

Based on a recent interview with Fidel Castro, Cuba may be opening up sooner than people think might be possible. I have already highlighted this trend in a past commentary based on actions we have been seeing primarily from the … Continue reading

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Bloomberg: Betty Liu Interviews Jorge Perez

On August 24th in Miami, Bloomberg News correspondent Betty Liu interviewed Jorge Perez, the CEO of The Related Group, one of Florida’s largest luxury condo developers. Perez offered a candid perspective on how he dealt with the housing crisis in … Continue reading

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President of EWM comments on Improving Sales in Miami

This video is a Miami Herald interview with the president of Esslinger-Wooten-Maxwell concerning the continued improvement in sales volume and other factors for residential real estate in Miami.

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Miami residential inventory declining and sales quickening

The following graph by Altos Research confirms news of continued healing in the Miami real estate market in recent months:

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Wynwood / Edgewater Residential Real Estate Statistics

Trulia provides and interesting comparison of the submarket, Wynwood / Edgewater vs Miami in the following graphs. They show that Wynwood / Edgewater has trended better than greater Miami over the past 10 years. I believe this trend will continue.

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New study suggests vastly improving residential market in downtown Miami

A new real estate study by Goodkin Consulting and Focus Real Estate Advisors released in the end of July by the DDA points to a downtown residential real estate market that is improving on nearly all fronts. This is welcome … Continue reading

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Miami Residential Sales have been Trending Upward

The following graph from Trulia shows that rate of median price declines for residential homes in Miami has abated significantly and the rate of sales have been relatively consistently improving. It is worth noting that according to the S&P Case-Shiller … Continue reading

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Real Estate: End of the Abyss

Finally, after several years of denial, real estate stakeholders in the many hard-hit areas have finally come to the breaking point. Distressed sales continue to be the driving force in regions such as South Florida, California, Arizona, Nevada. Sellers of … Continue reading

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2009 and Beyond

The economic climate of 2009 will be very tough, especially for the average consumer. The U.S. and European consumers are officially tapped out. Retailers are barely clinging to life, fighting each other to be the last one standing. While 2008 … Continue reading

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Power of Denial in the Housing Market

What is going on with the real estate market in the U.S.? How bad will it get? When is it time to jump back in? Should sellers wait it out? These are questions frequently posed to me. My answers often … Continue reading

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