condo market in miami: Miami condo market update - 07/04/19 10:32 AM
 
Miami has shown a rise in home sales this year compared to the same period in 2018. Encouraging advantages of buying in Miami have pushed condo sales up, such as low mortgage rates and the new tax law. The first trimester of 2019 showed a 6.6% increase in home sales and a 3.5% in condo sales (compared to 1.6% statewide).
 
Firstly, average 30-year conventional mortgage rates decreased to 4.07% in May 2019 compared to 4.54% the same period the previous year. However, there is a lack of mortgage loans where out of 9,307 condos in Miami Dade and Broward counties, only 12 … (1 comments)

condo market in miami: Who are the players on Miami's Real Estate? - 11/16/18 10:22 AM
If you are a faithful follower of this blog, you might know that the foreign investment in Real Estate in Miami is a hot topic. Did you know that the real estate industry is not only a haven for South American investors, but for the past few years, it has been expanding its target to European and Canadian investors?
 
Those are real news right? The National Association of Realtors (NAR) and to the Real Capital Analytics (NAR), lately announced the 2018 foreign purchase of South Florida for the commercial real estate by country, and guess what? Canada, France and Germany are topping the list! 
 
Local commercial Real Estate seems … (0 comments)

condo market in miami: Should you buy waterfront or non-waterfront condos? - 05/04/18 02:30 PM
There is a strong appeal to buy waterfront condos especially when you are buying in Miami. However, non-waterfront condos might be a better choice of investment in certain cases. In this article, we will analyze three popular neighborhoods in Miami which are Brickell, Downtown and South Beach.
      BrickellBrickell’s glorious days were back in 2014 where all the condos saw an increase on sales and price per square foot. However, the sales has been dwindling these past few years. In this area, the waterfront condos are faring well compared to non-waterfront condos. Granted, waterfront condos in Brickell decreased by 4% … (0 comments)

condo market in miami: WHY THE LOCALS ARE MOVING OUT OF MIAMI? - 04/06/17 02:08 PM
South Florida’s growth was linked to an internal migration as well as a foreign one. Americans used to choose South Florida as a retirement heaven or a new place for a fresh start. They used to flood this region but nowadays the trend has changed and locals are moving out from Miami. The region is still growing but only thanks to foreigners, especially South Americans moving here. Considering the census done in 2010, South Florida is the fastest growing area in the US followed by Los Angeles, Washington DC and Phoenix.
Why residents decided to leave the region?Why are they looking for … (0 comments)