Condo Comeback: How The Next Cycle Is Shaping Up
This latest condominium boom will be different than prior building cycles.
This latest condominium boom will be different than prior building cycles.
With pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates fueled transactions, Q2 2021 set a record for the most total home sales for Miami-Dade County real estate.
Miami-Dade County total home sales posted a double-digit increase for the fifth consecutive month in January 2021 as pent-up demand and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors and the Multiple Listing Service system. CLICK ON HEADLINE FOR MORE
Condos are back. According to the Miami Association of Realtors report, condo transactions outpaced those of houses in October and November after months of buyers favoring houses. CLICK ON THE HEADLINE FOR MORE
The fair’s cancellation this year has pulled the plug on a yearly promise of crowds, creativity and a major economic boost for the city. But is it a blessing in disguise – a reset button that will allow the spotlight to shine on Miami’s local art scene instead of being clouded by the international fair? CLICK ON THE HEADLINE FOR MORE
The frenzy over South Florida residential real estate is showing no sign of slowing, according to the latest report on signed contracts from real estate brokerage Douglas Elliman. CLICK ON THE HEADLINE FOR MORE
Art Basel became the latest cultural casualty of Covid-19. Scheduled for December, the event is now set to to return in June 2021. Although there’s no way to replace the lost revenue, the communities of Miami and neighboring Fort Lauderdale look to recreate some sense of the event’s energy and activity. CLICK ON THE HEADLINE FOR MORE
Home sales are not only increasing by double digits, but properties are going under contract significantly faster than last year, a sign of the robust demand for Miami real estate. CLICK ON THE HEADLINE FOR MORE
Work from home, focus on quality of life, and interest outside of high-priced urban cores were trending well before the stay-at-home orders hit, say experts. CLICK ON THE HEADLINE FOR MORE
The unprecedented depth and breadth of the economic maelstrom facing Latin America likely means migratory push over the course of the next year. CLICK ON THE HEADLINE FOR MORE