March Was Great Month for South Florida Home Sales


Miami-Dade County home buyers were more active than ever in March, and brokers say it’s due to a pattern of price adjustments.   About 1,280 single-family homes traded that month, a 9 percent increase from the previous record of 1,168 in March 2016, the Miami Association of Realtors reported.   Despite shaky market conditions in the condominium arena, existing condo sales rose 2.3 percent year over year. They were down 10 percent in February.   “Miami’s spring home buying season is off to a roaring start,” said Christopher Zoller, chairman of the association board. “Not only did single-family home sales post a historic total, but […]

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Not So Fast


Trends might not be what they seem.   The numbers are growing. According to Freddie Mac and their recent report, 59% of those surveyed stated they were looking to rent their next home. Those figures are up 4% from the end of 2016.   As some experts expected, the biggest jump is among the Millennial generation who may have not ever owned a home. 73% of them said they planned on renting. That was a leap up from 64% back in September of last year. Another surprising percentage was among suburban dwellers, rising from 48% at the end of 2016 […]

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Legislature OKs bill that oversees condo boards

Capitol Building Legislature Fountain Architecture

TALLAHASSEE, Fla. – May 2, 2017 – Florida lawmakers passed a bill this week that imposes criminal penalties for some condo board violations. To become law, the bill, CS/CS/HB 1237, still needs Gov. Scott’s signature. If signed, it becomes effective on July 1, 2017. “This is very important for Miami-Dade because it’s something that condo owners have been waiting for for nearly a decade,” Sen. René García, a co-sponsor of the bill, told The Miami Herald. “But the reforms will help all Florida residents with similar problems. Sen. José Javier Rodríguez co-sponsored the bill in the Senate, and Rep. José […]

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Don’t Miss Out


A Slowdown In Miami Condo Sales?   Big names in the Miami condo marketplace are scrambling about and shouting to the hilltops declaring that the Miami condo industry is oversaturated with supply and seeing dwindling demand. They are basing their theory on some indicators, but mostly on historical trend data. They have frantically been moving into the rental space and hunkering down for what they see as an extended lag to this segment of the industry.   Is this doom and gloom justified? Could they be wrong?   Just like with any other type of investment and investor, those who […]

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Drivers Lift The Market Segment


The 2017 US Retail Investment Forecast has recently been released by Marcus & Millichap. The reported segment seems to be soaring, and the good news continues to show up for real estate investors. As consumer spending increases and new redevelopment opportunities arise the future for the retail market seems healthy for the remainder of the year.   There has been some surprising insight into the e-commerce space as online businesses are following consumer trends. It appears that traditional brick and mortar stores are realizing the enormous necessity of online shopping, while e-commerce giants like Amazon are seeing the value of having […]

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