Hedge-fund billionaire Ken Griffin has shattered the Miami price record, shelling out $106.875 million for a waterfront estate. The move comes shortly after he announced that he was relocating the company from Chicago to Miami.
Florida ranks No. 4 in the 2022 State Business Tax Climate by the Tax Foundation. Among the different categories, Florida ranks No. 1 for individual taxes, #7 for corporate taxes, etc.
(Wall Street Journal subscriber content) A warehouse district in Miami, which was once mostly abandoned and best known for graffiti and street-artist murals, is emerging as one of South Florida’s hottest spots for new residential and office development via @wsj
Law firms are planting flags near #hedgefunds, banks, & wealth managers who moved to #DowntownMiami and #830Brickell. The moves are heating up a #realestate market with limited Class A #office supply.
Cleveland Clinic Weston is ranked No. 37 nationally in gastroenterology & GI Surgery and is ranked No. 5 overall in Florida, according to the 2022-23 U.S. News Best Hospitals rankings.
MIA is ranked No. 1 in international freight and passengers among U.S. airports via Airports Council International (ACI) @ACIWorld
Commercial Boosted by Supply Chain Expansion
Miami Beach ranked the most popular and photogenic in the world via inkifi
Weathering Real Estate’s Seasons and Making History via @realtormag
Miami ranked No. 8 most popular and photogenic skyline in the world via inkifi
The Growing Power of Tech on Miami’s Commercial Real Estate Market—new report by Moody’s Analytics Shows Miami is on the Way to Being the Next Silicon Valley
Is West Palm Beach the "Wall Street South"? New York firm's expansion south is latest in trend via @pbpost
A taste of Brickell, Miami’s happening finance hub via Financial Times
RPR says it has an “exciting update” for RPR Mobile, its phone app, and a heads up that members will need to update it through Google Play or the App Store.
Investors consider a 60/40 stock/bond portfolio standard, but real estate has provided solid returns over the past 12 months, convincing many to diversify.
Florida remains the No. 1 U.S. destination for international buyers with an even higher foreign buyer share of 24% than the previous year, according to the newly released 2022 International Transactions in U.S. Residential Real Estate via @nardotrealtor Florida’s main buyers were from Latin America (39%) and Canada (25%).
More than sun and sand: How Miami became a luxury, arts and cultural tourist destination
https://www.miamiherald.com/news/business/tourism-cruises/article263427663.html#storylink=cpy
#Miami’s beloved Pan Am globe, made decades ago to mark start of foreign air travel, has new public home downtown at @MIAWorldcenter @AndresViglucci @MiamiHerald
https://www.miamiherald.com/news/business/real-estate-news/article263361883.html
Colombian magazine @RevistaSemana highlights why Colombians are increasing their Miami real estate purchases with contributions from @MiamiRealtors and MIAMI Chairman Fernando Arencibia Jr. Proximity (only three hours by plane), the availability of flights, a Latin culture with the order and advantages of a developed country and access to mortgage credit with U.S. financial entities. Colombians receive rates of 5 to 7% vs. 10 to 11% when buying in Colombia.
“Miami is emerging as the U.S.’s capital of cool” -- @time Miami ranked among the World’s Greatest Places of 2022 via Time Magazine
Demand for prime waterfront land in #Miami’s red-hot #condo market continues to skyrocket. Assets in 50-to 60-year-old buildings are ending their useful lives leading to the #redevelopment of old condominiums into new residences.
Miami’s culinary scene continues its growth: One of America’s best chefs is opening a second South Florida restaurant in Coral Gables
https://www.miamiherald.com/miami-com/restaurants/article263430453.html
$300M Parterre 42 Retail & Office Complex Unveiled In Design District, With Innovative Biophilic Design
https://www.thenextmiami.com/300m-parterre-42-unveiled-in-design-district-with-innovative-biophilic-design/
Mortgage rates rise to 5.5% as volatility continues
Miami metro area reeled in $2.8B in VC in first half, ahead of 2021's record pace. We've got the top deals.
The supply of homes on the market is growing, giving buyers more choice and power within the market. Realtor.com data showed that the number of listings in June rose 18.7% from last year.
https://www.miamiherald.com/news/nation-world/national/article263424958.html#storylink=cpy
Technology REALTORS® Use the Most via @realtormag
Greetings from Miami: Dear Companies, Time to Move Here via @WSJ
How to Help Out-of-State Buyers via @realtormag
The Fed’s housing market ‘reset’ has us in a housing correction. Here’s what to expect next
Key Biscayne ranked No. 2 safest city and Parkland in Broward ranked No. 4 in Florida via movingwaldo
World Baseball Classic returns in 2023, and Miami takes center stage
https://www.miamiherald.com/sports/mlb/miami-marlins/article263253473.html#storylink=cpy
Miami’s booming economy, with a growing tax base and an influx of companies moving to the city via @capitolist
Finance, Tech Jobs in Fort Lauderdale Are Fueling Seven-Figure Deals via @lawdotcom
Fla. Focus of 1 Out of Every 7 Out-of-State Moves
Continuing interest in Miami Beach leads to new wave of luxury hotels
(Wall Street Journal subscriber content) Miami’s Gold Rush: Finance Firms and Crypto Move In via @wsj
(NY Times subscriber content) As remote work becomes a permanent fixture, Americans are seeking homes in communities with more relaxed lifestyles — particularly in Florida, Pennsylvania and New Jersey via @nytimes
(NY Times subscriber content) Unlike many cities, Miami has boomed over the course of the pandemic. Here's a look at what’s new in the Magic City — including a Michelin-starred Korean steakhouse, new public art installations and native-plant gardens under the Metrorail via @nytimes
Uncertainty in the wake of left-wing Colombian presidential candidate Gustavo Petro’s victory in a June runoff election has Miami preparing for a wave of buyers from Latin America via @trdmiami
Understanding the Growth of Florida Real Estate: Observations from Stephen M. Ross --Florida Is The Future
The Eco-Friendly ADU: Housing’s Game Changer?
Citadel’s Move to Miami Emblematic of Local Real Estate’s Transformation
The Next Hot Spot? Developers Taking Advantage of Wealth Migration in Bay Harbor Islands via @lawdotcom
Miami Freedom Park, which will rise next door to Miami International Airport and be home to the Inter Miami CF soccer team, has earned its first of many needed City of Miami approvals from the Urban Development Review Board via @miamitodaynews
Downtown Fort Lauderdale has more than 40 projects with 16,000 condos and apartments in the works, according to the Fort Lauderdale Downtown Development Authority.
New growth, development projects in Palm Beach County via @pbpost
Will mortgage rates hit 7% in near future? Here’s what the chief economist of the National Association of Realtors says about that
Miami Dade College (MDC) is seeing a 6.6% increase in enrollment credit hours and headcount for the fall 2022 term year-over-year in comparison to fall 2021 via @miamitodaynews
Florida Will Overtake New York As The Epicenter of Finance
Location Ventures proposes 16-story Coral Gables condo building, puts Tibor Hollo-owned site under contract
As imports rise, PortMiami expects 3% cargo increase
Citadel moves to Downtown Miami, Fast Becoming the Place to Invest in Office Space
Miami Not Building Enough Houses To Match National Average
https://www.thenextmiami.com/miami-not-building-enough-housing-to-match-national-average/
MIAMI Realtors, innovative pioneers addressing housing affordability via MIAMI Chief of Public Policy Danielle Blake @SouthFl_Agent
Palm Beach County Commissioners may reduce property tax rate
(South Florida Business Journal subscription content) Here's why CRE deal volume may not see dramatic slowdown in second half of 2022
A sunshine state of mind: the mass exodus to Florida: Could Florida be the new New York? Via @TheWeekUK
Citadel headquarters shift to Miami began to accelerate months ago with a waterfront property in the city’s financial district via @business
Palm Beach real estate values vaulted 46% in 2021, property appraiser’s new estimates show
From Microsoft to WeWork: A look at the major companies moving into 830 Brickell
The Wall Street of the South gets its biggest win yet with Ken Griffin's plan to relocate Citadel to Miami via @wealth
Miami’s industrial market, which includes all of Miami-Dade County, is the nation’s top performer for annual rent growth, according to a JLL report.
High-demand buyers keep moving to Fla., seeking luxury homes with specific features, leaving RE pros to search for homes amid low inventory
Gulf Stream: Tiny coastal town in Palm Beach County has seen monstrous home sales of late
Fort Lauderdale, FL Is a Magnet for Real Estate Investment via 24/7 Wall St.
Having a LinkedIn profile is a must for real estate pros. The @reatlormag guide shows how to create a dynamic profile, make quality connections, and gives a few quick scripts that you can use to build up your LinkedIn presence.
Billionaire Ken Griffin is relocating his big hedge-fund firm Citadel from Chicago to Miami
Miami is ranked No. 1 U.S. Relocation destination according to 2022 Redfin report
U.S. Home Equity Highest on Record – $27.8T
Altos Research: Rising rates and economic shifts have slowed down super-eager buyers as the market shifts to “much more normal conditions.”
Tenants Continue Moving to South Florida in Search of Class A Office Space
Why There's Never Been a Better Time to Visit Miami via @CNTraveler
Miami ranked No. 1 U.S. Metro by Net Inflow of Users in April and May 2022 according to Redfin study. Study of how many users looked to move into an area than leave. Miami has topped the list all year.
Federal Reserve Chair Jerome Powell hoped rising interest rates would slow the economy enough to halt inflation — but so far it hasn't. As a result, bigger rate hikes are expected. Dive further and learn more here:
Red-hot warehouse demand is cooling but remains strong by historical standards. “We’re comparing that off of record demand. You’ve just hit three grand slams. You’d still be happy with a double.”
Transformative high-rise towers are changing the Edgewater neighborhood, with more to come as demand for luxury residences continues to grow.
As Miami International Airport became the leading airport in the US for international cargo in 2021, at least five of the 42 cargo airlines have ambitious plans for expansion that would increase cargo capacity in the next five years.
.@Realtordotcom updated housing forecast for 2022: Mortgage rates to average 5% throughout the year and at 5.5% by year-end; Median sale price appreciation up 6.6%; National home sales down 6.7% but still registering the second-best home sales in last 15 years; For-sale inventory up 15%
Downtown Miami was also the only major urban market to experience net-positive office absorption in 2021. Chicago, Boston, L.A., San Francisco, Lower Manhattan and Midtown Manhattan all saw net-negative absorption last year, according to Downtown Miami Annual Office Market Overview #Ranking
https://www.miamidda.com/collateral/
Inflation, rising interest rates, bear market likely to affect commercial real estate deals — but how?
Fairchild Tropical Botanic Garden in Coral Gables ranks as the No. 1 botanical garden in the U.S., according to 10Best Editors. #Miami
Space within 830 Brickell building is so desirable among big tenants that its asking leasing rate is now above $100 a square foot.
Florida ranked No. 4 U.S. State with the fastest-growing economy. Florida GDP growth +10.9%; Florida new business growth +27.3%; Florida per capita income growth +8.3%
Buyers May Be Gaining Leverage via @realtormag
South Miami celebrates Colombian artwork and its sister city, Medellin
Two years after COVID began, companies keep flocking to South Florida. Palm Beach County is top destination in Florida for companies relocating from New York
Fort Lauderdale One Step Closer to ‘Las Olas Loop' Underground Transit Network
Deerfield Beach ranked #2 Most Affordable Beach Town to Buy a Home via Realtor.com
Potential Buyers From Colombia Are the Most Active International Group Searching for Homes in South Florida #MiamiRealtors
https://mansion.global/3my5Cm0
Bottom Line: Florida’s Financial Services Sector Is Humming via @siteselection ---100 asset management firms, including hedge funds, have opened offices in the past four years in Palm Beach County, where they’re part of an enormous cluster of 2,485 financial services firms
Jonathan Dickinson State Park ranked No. 2 for Best State Park for RVers according to USA Today Reader’ Choice Travel Awards #HobeSound #Martin
(Wall Street Journal subscriber content) More wealth is moving into Florida than any other state by far. In the most recent year (covering 2020 income), taxpayers with a net total of $23.7 billion in adjusted gross income migrated to Florida. Texas ranks a distant second, with $6.3 billion in AGI gained for the year
From Bentley to Cipriani, brand-name condos dominate Miami’s skyline
The first quarter of 2022 was the best quarter for condo construction in 14 years.
‘Real estate is on fire’: South Florida property valuations soar. Miami-Dade property values increased at an overall annual rate not seen in 15 years.
South Florida by the numbers: Pompano Beach’s moment in the sun
Poll: Homeownership Bigger Achievement Than Career Success
Broward County real estate value soars 10%, reflecting frenetic demand for homes, offices
https://www.miamiherald.com/news/business/real-estate-news/article262051322.html#storylink=cpy
June is National Homeownership Month, when we promote the benefits of homeownership and recommit to creating opportunities for future homeowners.
Palm Beach County’s best beaches via @pbpost
Amid an influx of tech-centric innovations in Miami, IT powerhouse Kaseya has expanded its headquarters by leasing three floors of office space at 800 Brickell.
The U.S. Department of Labor predicts that the number of Latino workers is likely to reach 35.9 million by 2030, comprising 78 percent of net new workers between 2020 and 2030. By 2030, it is estimated that one out of every five workers will be Latino. Learn more in the 2021 #StateofHispanicHomeownership Report via NAHREP
On average, sales prices of industrial properties were up 15% from one year ago, yielding a 19% total return on sold properties.
The number of people moving to Florida during the first few months of 2022 is even higher than it was during the same period in 2021, via driver’s licenses swaps data.
Lumber Prices Slump With Rising Interest Rates
“Many move-up buyers are leveraging newfound flexibility to employ creative strategies, such as relocating to an area offering homes that meet their family’s needs without breaking their budgets,” @GeorgeRatiu w @Quantanamo
A homeowner who purchased a typical South Florida home five years ago would have gained $238,800 from just price appreciation alone. Access this NAR widget to see home equity gains in any metro area in the U.S.
Two trillion dollars in managed financial assets — equivalent to almost 200 percent of Florida’s gross domestic product, and 8.6 percent of 2021 U.S. GDP — have moved to Miami recently. @WashingtonPost profile on Miami and Miami Mayor Francis Suarez
Newly passed property insurance bills in the state would forbid insurers from automatically denying coverage because of a roof’s age if the roof is less than 15 years old. Homeowners with roofs 15 years or older would be allowed to get an inspection before insurers deny them coverage.
These Are 5 Things You Should Know About the Housing Market Now via @realtordotcom
Miami-Dade County Public Schools (M-DCPS) led Florida once again with 91 traditional and magnet schools on the 2022 Best High Schools in America list, including six high schools among the top 100 in the nation and nine in the top 20 for the state. This includes School for Advanced Studies (SAS), which is ranked the number one school in Florida, and the fourth top school in the nation.
More evidence of the migration wave to South Florida: Verizon said this week that it has seen hundreds of thousands of its customers “flocking” to Florida during the pandemic, with an especially large usage spike in Miami.
"The capital is here to stay. People that are moving here are here to stay." #Miami Via @Law360
Bidding Wars Show Signs of Cooling via @business
Resilient New Park at 600 Alton Road Now Open #MiamiBeach
Miami Beach ranked No. 2 Best Nightlife Cities in the U.S. according to U.S. News & World Report
U.S. households felt financially flush going into 2022, Fed survey shows
Old-school target marketing still works! Check out this article from Florida Realtor magazine for old-school marketing ideas that are still worth implementing:
Miami, you officially have a date with the Michelin Guide. The world’s premier restaurant guide book, which ranks dining spots with its coveted stars, will reveal Florida’s honored locations in June #TopFoodieCity
Miami ranked No. 8 Top Foodie city via Far and Wide because of the authenticity of its food, diversity and quality.
(South Florida Business Journal subscriber content) As salary offers soar, here's how much wages are rising in South Florida
MIA to have largest rollout of biometric technology in the U.S.
Miami ranked among top-4 Best city stop-offs for superyachts via Boat International
Fort Lauderdale ranked #2 Best Boating Town in the U.S. via Fodor’s Travel
Broward County is ranked #9 Most Diverse County in America via Niche Best Places, 2022
A Luxury Development Boom Is Reshaping Miami’s Edgewater via @commobserver
Miami-Dade keeps expanding its electric bus fleet, with a new buy of 15 buses to roll down the South Dade Transitway starting in August 2023.
The Miami-Dade Transportation Planning Organization is looking at the possibility of expanding the transit system underground. It just completed a study evaluating emerging technologies to assess the use of tunnel corridors in the county.
MIA named Sustainable Cargo Airport of the Year via Freightweek magazine
Florida welcomed 1.3 million overseas travelers in Q1 2022, an increase of nearly 169 percent from Q1 2021.
Martin County ranked #7 Best County for Retirees in America
MIA to have largest rollout of biometric technology in the U.S.
More apartment renters than ever are choosing to renew leases in the same unit, even as rents jump amidst rapid inflation. At the same time, market-rate renter incomes continue to soar – helping push up affordability ceilings. Renter incomes have been surging thanks to the ultra-tight job market -- and in particular, demand for young adult talent
Miami ranked No. 7 Pre-IPO Startup Capital in the U.S., according to Crowd Fund Capital Advisors
FLL #1 Most Affordable Airport in the U.S.
NAR’s Research Team has released a new report analyzing the impact of institutional buyers on the housing market. The report found that institutional buyers accounted for 13.2% of residential purchases in 2021. This is higher than the 11.8% in 2020, but below the peak share of 15.7% in 2014.
Palm Beach ranked #3 Best Yachting Location in the World via Christie’s International Real Estate
Colombia: Top Foreign Country Searching for Miami Homes in March 2022 via @miamirealtors
Miami ranked No. 2 hottest CRE Market in the U.S., according to 1Q 2022 NAR Commercial Real Estate Metro Markets Conditions Index
Surge in Worth Avenue and Palm Beach retail shows no sign of abating
Buyers Resilient Against Rising Rates
Nearly Half of US Homeowners Considered ‘Equity Rich’
Miami ranked No. 7 for tech job growth in the U.S. according to TECNA Report
South Florida a center for medical tech innovation
Fort Lauderdale ranked No. 6 for best art-buying city in the U.S. via Artfinder, 2022
Colombia: Top Foreign Country Searching for Miami Homes in March 2022 via @miamirealtors
Miami ranked No. 2 hottest CRE Market in the U.S., according to 1Q 2022 NAR Commercial Real Estate Metro Markets Conditions Index
Surge in Worth Avenue and Palm Beach retail shows no sign of abating
Buyers Resilient Against Rising Rates
Nearly Half of US Homeowners Considered ‘Equity Rich’
Construction Begins At 62-Story Aria Reserve South Tower
https://www.thenextmiami.com/construction-begins-at-62-story-aria-reserve-south-tower/
Overtowns Massive Block 55 Concrete Pour Completed
(South Florida Business Journal subscription content) South Florida among strongest commercial real estate markets in US, report says
(TRD subscriber content) Land of development opportunity: Builders bet on south Miami-Dade #Homestead
Miami, Fort Lauderdale and Palm Beach ranked among top-15 U.S. commercial real estate markets in Q1 2022, according to NAR. NAR CRE Market Conditions Index (an index greater than 50 means the market is performing better than the national average): Miami 76.0; Fort Lauderdale 72.0; Palm Beach 76.0
Miami is the third-most glamorous city in the U.S. via LawnStarter, 2022
Let's get social! Florida Realtor magazine shares 22 content marketing ideas to help you get more likes, more comments, more engagements and more sales! Check it out:
National Experts to Analyze Evolving Commercial Real Estate Market at MIAMI Commercial Midyear Conference
In a year where the “Great Resignation” challenged all industries, #realestate was an outlier. Coldwell Banker CEO Ryan Gorman attributes this resiliency to the fact that “there is no more boundaryless role than a real estate agent.”
(The Economist subscriber content) If Latin America has a commercial capital, it is Miami via @TheEconomist. Miami-Dade County’s GDP was around $172bn in 2019, making it the 14th-largest county economy in the U.S., and roughly as big as the combined GDP of Ecuador and Uruguay. Miami’s airport handles 43% of all flights from the U.S. to South America.
“The whole world wants to come here now.” --- Ron Shuffield on #Miami. Read Florida Trend's May 2022 issue’s report covering the booming Miami-Dade County real estate market and how it's growing to serve a dynamic population.
Miami ranked No. 2 best large city to start a business this year via WalletHub, 2022
South Florida industrial market hits record-low vacancies
Miami Lakes ranked No. 12 for Best Work From Home City for 2022 via PCMag, 2022
Miami’s Global Boom Takes Flight: Miami was the busiest U.S. airport for international traffic in 2021, new data reveals.
Another hedge fund relocates headquarters from New York to South Florida, joining the wave of finance firms that have relocating to South Florida during the pandemic. #AureliusCapitalManagement
Miami ranked No. 3 best U.S. city for Pet Lovers, according to Apartmentguide.com
The number of homes for sale, which is still below pre-pandemic levels, is showing signs of improving, Berner says, citing a recent 3% increase in the number of new listings on Realtor.com compared with the same period last year.
New York Fed Reserve study: 74% of respondents said they would rather build long-term wealth through homeownership than spend their money on rising rent costs.
More houses are falling out of contract because of an appraisal gap. Here’s advice from real estate pros that can help prep your clients for potential appraisal gaps.
Two years after enduring the devastating financial impacts of Covid-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. But as Lawrence Yun, chief economist for the National Association of Realtors explains, there are significant questions regarding the sector’s direction over the coming months.
(Wall Street Journal subscription content) Formula One Went Looking for American Glitz. It Found Miami.
How did Palm Beach County high schools fare in the 2022 U.S. News & World Report rankings?
Palm Beach's popularity since COVID driving changes to island
Stuart ranked No. 6 for “The South’s Best Small Towns 2022” #MartinCounty #JTHS
MIA cargo is sky-high as World Trade Month begins
Want to see the impact of high mortgage rates? This state-by-state breakdown shows the difference between average monthly mortgage payments of a 30-year fixed-rate loan in January and April 2022.
MIA handles 89% of all flower imports to the U.S. by air. #GlobalGateway #Miami
Commercial Real Estate Market Expected to Grow Despite Rising Interest Rates
Miami Now Wants to Host The World Cup Final in 2026
https://www.thenextmiami.com/miami-now-wants-to-host-the-world-cup-final-in-2026-after-f1-success/
Second Tower Launched at St Regis Residences In Brickell After “Unprecedented” $400M In Sales
Miami next in F1's road to the hottest U.S. ticket via @reuters #Miami
Miami ranked No. 3 tallest skyline in the U.S., according to skyscrapercenter.com. Miami has 58 buildings taller than 150m+ and 7 taller than 200m+
Mansions are moving west as real estate market soars #SouthwestRanches #Broward via @sunsentinel
Florida Ranked No. 1 State for Retirement
From January 2021 to January 2022, the top trending career search entry was “how to become a real estate agent,” according to Google searches.
Old mall in Cutler Bay gets new life. Owners bet on people wanting to live and shop there
https://www.miamiherald.com/news/business/real-estate-news/article260986322.html#storylink=cpy
Homeowners gained over $3.2 trillion in home equity in 2021
New owners of Southland Mall in Cutler Bay have plans for a major mixed-use redevelopment of the site, including modernizing and repositioning the mall and building a residential development on the remaining land.
Finding Solutions to Inventory Woes. One solution is to leverage the current aging housing stock and vacant homes via @realtormag
The Strength of the ‘R’ Lifts Up Ukraine
Learn how Glennda Baker has gone viral on TikTok for her tell-it-like-it-is real estate videos via @realtormag
Florida ranked No. 2 for Best States for Business according to Chief Executive
Home Buyers Are Finding Ways to Take the Sting Out of Rising Mortgage Rates via @wsj
12 Tweaks to Modernize Your Real Estate Marketing
South Florida's Industrial Sector Contending With 'Frail' Supply Chain, Fierce Competition
“City of Miramar has more Fortune 500 companies that have headquarters or have a presence than any other city in South Florida.” More details on Broward leaders visiting Dubai seeking Mideast investors via @sunsentinel
The Extraordinary Wealth Created by the Pandemic Housing Market via @nytimes Over the past two years, Americans who own their homes have gained more than $6 trillion in housing wealth.
Miami and Palm Beach Are Enjoying High #Office Demand
It's a 'Landlord's Market,' but Inflation, Supply Issues and Lack of Space Threaten South Florida Retail
Use a Realtor? 80% of Millennials Say Yes
Beckham and partners Jorge and Jose Mas have been awarded a 99-year lease to develop the Miami Freedom Park plan, which would transform Melreese golf course into a complex that would include a 40,000-seat stadium, hotel, retail shops, a parking structure with rooftop playing fields and a 58-acre park.
https://www.miamiherald.com/news/local/community/miami-dade/article260809267.html#storylink=cpy
Real estate inventory plummets in South Florida, but the luxury markets are hotter than ever
Six Miami-Dade County Public Schools High Schools Among America’s 100 Best by U.S. News.
Delray Beach in Palm Beach County ranked among 8 Best Places to Buy a Beach Vacation Home in the U.S. according to @TravelLeisure
Economic Expansion Creates Big Demand for South Florida's Office Market via @lawdotcom
Miami’s School for Advanced Studies (SAS) ranked No. 4 best high school in the U.S., according to U.S. News & World Report new rankings. Students attending SAS complete their last two years of high school (11th and 12th grade) while they obtain a two-year Associate in Arts degree from Miami Dade College.
South Florida’s retail market rebounds from pandemic but could face inflation, Russia war challenges: report via @trdmiami
Cryptocurrency creeps into real estate: Miami mansion to be sold as an NFT
https://www.miamiherald.com/article260394257.html#storylink=cpy
Survey: Buyer traffic continues to outpace supply. Realtors report about 5 offers were made on each home sold in March; 57% of buyers offered above list price.
Low taxes, warm weather, business friendly regulations, and burgeoning innovation ecosystems were already luring finance firms, tech start-ups, and executives to Miami, Fort Lauderdale, Palm Beach, Tampa, and Orlando before 2020 as fast as California and New York could shed them. COVID-19 just widened the highways and threw away the speed limits. @forbes on Palm Beach Real Estate
The housing market may save the economy from the severity of another Great Recession, according to a new report from Fannie Mae economists.
Downsizing Trend Taking Root as Home Prices Rise
.@MDCPS’ Career Academies Outperform All U.S. School Districts with Nationally Recognized Career Academy Programs.
Transforming Miami into the tech hub of the Americas. Details on partnership between eMerge Americas and the Google for Startups Latino Founders Fund @sebasvalverde @googlestartups
NAR along with the MIAMI Realtors and other Realtor associations from around the U.S. as well as individual Realtors met with senior staff of Fannie Mae to discuss issues that have arisen from the recently implemented safety and reserving requirements. While well intentioned, the new requirements to verify the physical soundness of condo buildings and adequacy of financial reserves have created problems in the market.
Brightline Trains has been spending billions connecting cities in South Florida, and next year will be pulling into the intermodal facility at Orlando International Airport.
The Sun Belt Is Luring Luxury Buyers With Lifestyle Options and Good Value via @mansionglobal
https://mansion.global/3MOZWPF
Foreign buyers see upside in U.S. real estate via @rismedia MIAMI Chairman of the Board Fernando Arencibia Jr.: “We can bring back that exposure to our members and to our Miami REALTORS®,” he says. “It’s always been important for us to bring that exposure, that connectivity. Like anything else in life, if you do it once you might have a little bit of an effect, but anything you do consistently, it pays off exponentially.”
Miami-Fort Lauderdale-Pompano Beach ranked No. 9 in the U.S. for highest percentage of luxury home sales
Even Before SoftBank’s Big Play, Miami’s Tech Scene Showed Growth
Miami International Airport saw the biggest increase in passenger seat capacity from pre-pandemic levels amid a surge in domestic tourism in the Sunshine State.
Higher mortgage rates may soften demand this spring.
More homeowners say they are being motivated by the rapid increase in equity in their homes to list their property for sale, saying they have high expectations for a profitable sale.
25-Story First Phase of Dadeland Hyve Submitted For Review
https://www.thenextmiami.com/25-story-first-phase-at-dadeland-hyve-submitted-for-review/
Luxury Home Buyers Getting Cheaper Loan Rates
Since the beginning of the year, mortgage rates have jumped by 1.8 percentage points and added about $400 to the average monthly mortgage payment for a median-priced home, Nadia Evangelou, senior economist and director of forecasting at the National Association of REALTORS®, writes for the association’s blog.
Plans for downtown West Palm Beach look like Miami’s Brickell Avenue via Palm Beach Post
Why Florida is a hotspot for Chinese homebuyers; Miami, Orlando ranked among the top 6 US city choices
How do you reinvent a city? The Mayor of Miami is on a mission to turn his city into the world’s foremost tech and financial hub. Listen to “The Economist Asks” @Theeconnomist
The Sunshine State – What #America can learn from Florida’s boom: #Florida has overtaken #NewYork to become America’s third-most-populous state. Its economic and political heft is growing, too
Investors flock to short-term rental condo projects in Miami via @trdmiami
This April, Realtors celebrate the 54th anniversary of the Fair Housing Act with special events that symbolize their recommitment to expanding equal access to housing. Learn more and access fair housing resources here
International Buyers are Back. Stifled by COVID-19 the past couple of years, global buyers are finally seeing restrictions lifted and opportunities in U.S. properties via @floridarealtors
The Great Pandemic Migration Is Reviving Palm Beach’s Retail Market via @business
Property Taxes in Fla. Metros Cheaper than Most in the nation via LendingTree study. Miami ranked No. 24
South Florida’s Spring Launches Will Fuel a Booming Condo Market via @mansionglobal
https://mansion.global/36XfSQh
(Housing Wire subscriber content) 60% of American households have mortgage rates 4% and below.
New Census data shows population is booming in Florida
https://bit.ly/3qUEeBf
Why Miami is the premier destination for dance music in the world via @billboard
https://bit.ly/3u8bR4B
Tri-Rail plans arrival in downtown Miami by Nov. 1
https://bit.ly/3NCBrpN
Commercial Real Estate Recovery Kicks Into High Gear
https://bit.ly/3iY6cro
(South Florida Business Journal subscriber content) EB-5 Visa program that funds real estate is reactivated
https://bit.ly/3qVLrRf
MIAMI Realtors, Greater MIAMI Convention & Visitors Bureau hunt European business in France via @miamitodaynews
https://bit.ly/36HjOog
“One of the major public murals in the United States right now” coming to Miami. Part of @MiamiWorldcenter's new $5 million #publicart program was unveiled this week.
https://bit.ly/3NCl4cP
Finance and tech firms settling in Miami are boosting the office market at a time when buildings across the U.S. are struggling. Now, office projects are sprouting up closer to where employees live. @business
https://bloom.bg/36Hp6jB
Miami has the highest average daily room rate in the nation via @miamitodaynews This year’s average daily room rate in Miami-Dade County from March 13-19 was $358.95, up from $250.70 in pre-pandemic 2019, according to independent STR research
https://bit.ly/3qQw9xn
America’s Tomorrow City: Miami seeks to build a startup haven for tech entrepreneurs and cryptocurrency innovators via @cityjournal
https://bit.ly/3DmXDzM
Leasing Demand Is Up as Retailers, Restaurants Are 'Choosing Lincoln Road' via @lawdotcom #Miami #Commercial
https://bit.ly/3iQai4I
“In terms of property design, architecture, and technology, Miami and Dubai are both leading world-class cities of the future. The International Property Show in Dubai will help both sides collaborate on innovation, sustainability, and development through increased networking opportunities.” – MIAMI CEO Teresa King Kinney at IPS 2022 in Dubai
https://bit.ly/3iJKxD6
The end of booming home prices is almost here, national mortgage bankers group says
https://bit.ly/3LkssaW
Pandemic creating demand for bigger new houses, builders say
https://www.miamiherald.com/news/business/real-estate-news/article259706755.html
Miami ranked No. 12 for best Cities for Conferences via @smartasset
Shopping Malls See Major Rebound in Foot Traffic #commercial
More companies are joining the wave of financial services firms establishing footholds in Miami via @sfbjnews
Lumber Price Drops Fueling Multifamily Building Boom via @GlobeStcom #commercial
From ‘old Miami to new Miami’: Steering more money into the city’s tech world
https://www.miamiherald.com/news/business/article253446449.html
Broward Real Estate Continues Trend of Surging Sales in 2Q 2021
Mortgage applications to purchase a home increased 2% for the week and offered a signal that more first-time buyers may be emerging.
SIORS say commercial real estate (CRE) is rebounding at a record pace, with the office sector finally making its comeback. a new report published by @SIORglobal captures the current market conditions in a snapshot:
Foreign Investment Roaring Back To Miami via @bisnow
Top 10 ‘15-minute city’ list headed by Miami
11 Amazing Perks of Being a Member of Florida Realtors
One of the world’s leading alternative investment firms is bringing its operations to Miami:
“When Uber thought about its future, it thought about Miami” @Uber is doubling down on Miami by doubling the size of their footprint and hiring local talent to reinvent the Uber app urban transit.
https://www.miamiherald.com/article253388618.html
“For the past 100 years the trend line of Miami real estate has been on the up and up and up. Long term, I wouldn’t bet against it.” @miamitodaynews on South Florida’s record-breaking real estate market and how the higher percentage of today’s buyers using their newly purchased home as their primary residence will boost the local economy for years.
The Miami-based rail company Brightline, which has stations in Miami, Fort Lauderdale and West Palm Beach, plans to resume passenger service in the first half of November. Also, company’s construction of its South Florida-Orlando rail connection is now over 75% complete
After the Employment-Based Fifth Preference Category (EB-5) Regional Center Program lapsed in Congress in late June, the EB-5 Direct Program has become popular with a growing surge of foreign immigration applicants who are investing in businesses here.
Average of Nearly $5,000 Paid Out to Renters Applying for Assistance Under the $25B Emergency Rental Assistance Package
South Florida's Tech Scene 'Here to Stay' as Uber Joins Cluster of Companies Acquiring Office Space via @lawdotcom
Experts: Global Vaccines to Bring Foreign Buyers Back
Economists predict many international buyers over the next year as global vaccinations continue to increase. Foreign home buyers have pent-up demand for U.S. real estate as they purchase here because of healthy returns, vacation homes, safe havens for their money, political instability in their homeland, etc.
400 tech professionals, most of them software engineers, descended on the Magic City for Miami Hack Week, an initiative organized by a group of like-minded locals and envisioned as a way to plug the hundreds of new job openings Miami’s tech boom has created.
https://www.miamiherald.com/news/business/article253204363.html
Hollywood, Florida attracts new investments within its Opportunity Zones.
Commercial Real Estate Prices Have Surpassed Pre-Covid Levels via @bisnow
"From January to June of this year, MIA saw more international passengers than any other airport in the country"- MIA spokesman. International demand is coming back to MIA quicker than other markets. #Miami #GlobalCity
https://www.miamiherald.com/news/business/tourism-cruises/article253282933.html
Most Consumers Now Comfy with Online Closings
Words to Sell Houses Changed During Pandemic. Point2Homes examined 43 million words from more than 640,000 listings nationwide. See which words made the top 20 for single-family and condo listings:
Miami restaurant ranked No. 3 for best burger in the U.S., according to Big 7 Travel. #Wynwood
https://www.miamiherald.com/miami-com/restaurants/article253366223.html
Bascom Palmer Eye Institute of the UHealth-University of Miami Health System ranks No. 1 in the U.S. for 20th year in U.S. News & World Report #Miami #Healthcare
South Florida has been a magnet for company relocations and expansions over the past year. The cost difference between California and Florida explained
It's Not Just Amazon: South Florida Industrial Market Growing 18 Months After Pandemic Onset #MiamiCommercial #CRE
Financing is more important than ever, but many home buyers don't understand how it works. @ABREBAC is launching a course to help agents guide their clients through the mortgage process via @Realtormag
Cleveland Clinic’s Weston Hospital Ranked No. 1 in Miami-Fort Lauderdale Metro Area by U.S. News & World Report for Fourth Year in a Row #Broward #Healthcare
One of many lessons the pandemic has taught the real estate industry is how important technology is to conducting business when face-to-face opportunities are limited, and the National Association of Realtors‘ 2021 Technology Survey bears this out.
NAR family of brands donates $1.25 million to the REALTORS® Relief Foundation to support those in need during times of disasters.
A new study by Bright MLS illustrates the advantage of selling a home publicly. MLS Finds That Listed Homes Sell for 17% More
Record-setting real estate transactions are occurring across the country for higher-priced homes.
Miami is ranked the best 15-minute city in the United States, according to a 2021 study by moveBuddha.com. Fifteen-minute cities are cities where everything you need (access to dining, schools, medical facilities, high walk score and more) is located within a 15-minute walk or bike ride away.
The Venice Of America - Fort Lauderdale, FL via @GrandStrandMag
Another Canadian-based company choosing MIAMI as its U.S. corporate headquarters
Faith Group affiliate buys 36-acre development site near Hard Rock Stadium
Sustained job creation, more consumer spending, and the continuing return of the workforce to the office underpinned the commercial real estate market's recovery across all property sectors in the first half of 2021.
Miami’s long-awaited waterborne commuter service plans to resume hourly trips between Miami and Miami Beach via @MiamiTodayNews
The City of Miami will be debuting a cryptocurrency this month called MiamiCoin. According to Mayor Francis Suarez, “Miami has now become the Bitcoin capital of the world.”
The Miami Movement is real – just look at the news of the past six months via @refreshmiami #MiamiTech
South Florida industrial sector keeps beating pandemic odds, Q2 report shows
Realtors® Believe Drones, Cyber Security Are Real Estate Industry's Most Impactful Emerging Technologies.
Miami marches on as the No. 1 city for tech job growth via @CapitalAnalytic
“People and businesses are going to keep moving here because of our friendly business environment and our wonderful quality of life. More inventory will start to come on the market as we get back to post-pandemic life” -- MIAMI Chairman of the Board Jennifer Wollmann profile via @CapitalAnalytic and Invest Miami 2021
Proponents of access to publicly owned lands are applauding the reimagining of Maurice A. Ferré Park and Regatta Park for the benefit of the community.
(Miami Herald subscriber content) Miami, you’re looking different on your 125th birthday. Here’s a peek at then and now
https://www.miamiherald.com/news/local/community/miami-dade/downtown-miami/article253060293.html
Best in class! @MDCPS not only posted scores higher than that of all other schools in all the grade and subject combinations in 2019; it also got more effective in three out of four grade and subject combinations via @educationweek
Commercial-Property Sales Volume Returns to Pre-Pandemic Levels via @WSJ
(Miami Herald subscriber content) Miami’s financial hub is slated for three new residential buildings, adding to the number of living options in the dense and trendy Brickell neighborhood.
https://www.miamiherald.com/news/business/real-estate-news/article253114948.html
Broward’s industrial sector continues to fire on all cylinders via @CapitalAnalytic
Managing emotions in any transaction is one of a Realtor’s primary skills. The more market and building-specific information you provide, the calmer and smoother the transaction will be. MIAMI leaders Jorge Guerra Jr., Jennifer Wollmann and Natascha Tello share methods for evaluating property integrity via @Realtormag
Spotlight on Palm Beach’s growing life sciences industry: The Palm Beaches is the only place in the world where Scripps Research and Max Planck, the world’s top two standalone institutes for biomedical research, co-reside.
More affordable housing is coming to Miami neighborhoods
https://www.miamiherald.com/news/business/real-estate-news/article252152408.html
U.S. Retail Sector Recovers Faster Than Expected, Says National League of Cities #Commercial #CRE
(Miami Herald subscriber content) The first direct flight between Dubai and Miami arrived at Miami International Airport. The arrival marks Emirates’ launch of four weekly flights between the two cities.
https://www.miamiherald.com/article252749218.html
“Investment in arts, culture & transportation primed downtown Miami to capitalize on an influx of residents aiming to leave major metropolitan areas during the pandemic” @SFBJNews on Miami’s evolution over 125 years.
Diversified, Resilient Miami Existing Condo Market Continues Posting Record Sales
Miami-Dade County in June saw the highest number of residential sales in a single month in nearly 30 years — a clear indicator of the increasing demand for South Florida living.
https://www.miamiherald.com/news/business/real-estate-news/article252962523.html
NAR Chief Economist Lawrence Yun: “At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year,” Yun said. “Ideally, the costs for a home would rise roughly in line with income growth, which is likely to happen in 2022 as more listings and new construction become available.”
Miami-Dade named as one of three cities in the U.S. where Ford, Lyft and the autonomous driving technology group Argo AI will begin deploying self-driving ride-hail cars.
https://www.miamiherald.com/news/business/article252919893.html
Miami Real Estate Posts Best June Sales Month in History; Existing Condo Sales Jump 212.8% Year-Over-Year
Broward Total Home Sales Continue Rising in June 2021; Luxury Condo Sales Jump 341.2% Year-over-Year
For the 13th straight year, Florida remained the top destination for foreign buyers, accounting for 21% of all international purchases, according to a new report from the National Association of Realtors: the 2021 Profile of International Transactions in U.S. Residential Real Estate. Download the full report here:
Yet another New York-based company is moving to Miami. BlockTower Capital, an investment firm focused on cryptocurrency and blockchain technology, relocated its headquarters to Miami via @commobserver
Over the last 10 years, Florida government has diverted over $2 billion out of existing affordable housing trust funds, and spent it on other unrelated projects. To make the process more accountable, Floridians are proposing a constitutional amendment that would put affordable housing funds in a lock box so they are used for affordable housing, and nothing else. Print and sign the petition:
https://housingfunds4housing.org/
As companies eye Florida for its low taxes, ever-growing population and business-friendly policies, competition has been driving land prices up and cap rates down. #Commercial #CRE
Miami Ranks #1 For Tech Job Growth In Q2 2021, according to a CompTIA analysis.
Cash Buyers Scoop Up a Third of Homes. 52.6% of West Palm Beach home purchases this year were paid for with cash, according to Redfin.
Miami ranked No. 2 best office market in the nation, according to a study by the commercial real estate advisory firm Newmark. Newmark looked at change in sublease availability rate, overall vacancy rate and asking rental rates between Q1 2020 and Q1 2021, as well as the overall economy, to determine office market rankings.
The growth of Wynwood continues -- One of the largest mixed-use residential and office projects ever proposed for the Wynwood Arts District #Miami
Miami’s most recent influx of new restaurants has brought the culinary scene to the next level--- Gordon Ramsay Set To Open First Miami Restaurant
Miami Beach and Key West restaurants ranked among the best restaurants in the country, according to Tripadvisor’s 2021 Travelers’ Choice Restaurants Awards
Miami Real Estate Posts Best June Sales Month in History; Existing Condo Sales Jump 212.8% Year-Over-Year
Broward Total Home Sales Continue Rising in June 2021; Luxury Condo Sales Jump 341.2% Year-over-Year
A proposed constitutional amendment on the 2022 ballot would ensure money for affordable-housing programs. The ballot measure would establish in the Florida Constitution the State Housing Trust Fund and the Local Government Housing Trust Fund. It would require that the trust funds receive at least 25 percent of the revenue from documentary-stamp taxes — which are collected on real estate transactions — and would detail how the money could be used to address affordable housing.
https://www.miamiherald.com/news/business/real-estate-news/article252650413.html
Vacation home sales have been surging during the pandemic, according to NAR's recently released 2021 Vacation Home Counties Report. In 2020, vacation home sales rose by 16.4%, outpacing the 5.6% growth in total existing-home sales. #SouthFlorida
NAR's Dr. Lawrence Yun expects mortgage rates to continue to rise as the uncertainty related to COVID-19 has lessened. He reasons that with the vaccination progress, jobs are recovering, and interest rates will generally begin to normalize.
The greater @CityofMiami area led the U.S. with a 29% increase in tech jobs in Q2 of 2021, according to a CompTIA analysis of Burning Glass Technologies Labor Insights data.
These are the 21 new Miami Towers that will be under construction in 2021
Miami Ranks #1 For Tech Job Growth
https://www.thenextmiami.com/miami-ranks-1-for-tech-job-growth-in-q2-2021/
Miami-Dade County real estate’s top local feeder market is Broward with 5% of permanent residential change-of-address filings coming from Broward in 2020, according to USPS data. Nationally, Miami Dade’s movement from New York comprised 2% of its filings. Broward’s top origin county is Miami-Dade with 11% of all filers coming from Miami (over 17,000 filings).
Why do so many PGA Tour players live in Jupiter? #PalmBeach Read about Florida’s golf mecca in @golfweek
The Covid-19 pandemic fueled the greatest wave of business openings in Miami-Dade County history, a new report from the US Census Bureau reveals. The report issued last week shows 106,810 new business applications in Miami-Dade in 2020, up from 85,902 in 2019.
Fort Lauderdale officials could soon decide to connect two of the city's most trafficked areas with tunnel technology. Boring Co., founded by Tesla CEO Elon Musk, has proposed building a tunnel that would connect downtown Fort Lauderdale to Fort Lauderdale beach.
Millennials drove housing market demand to new heights in 2020
Technology and changing social values will give Americans more control than ever over how and where they live in the future.
Lift in Listings as Home Prices Shatter Records
Newsmaker Spotlight: Why 2020 MIAMI REALTORS Chairman Jorge Guerra Believes in the Power of Video and Digital Media
Data from CoreLogic shows the increase in home values in South Florida is similar to what many other metro areas across the country are experiencing, especially in the Sun Belt.
The strength of the current market: More Homebuyers Making 20% Down Payments and Waiving Appraisal and Inspection Contract Contingencies
Buyers Waive Contingencies, Bring More Money to Close
Miami Herald subscriber content: Could Lincoln Road be the next hot spot for tech firms? Miami Beach is betting on it
Miami’s strong public schools: A recent study by @GreatCitySchls found that @MDCPS scored higher on the National Assessment of Educational Progress (#NAEP) than Large City School averages in all areas and outperformed All Other Schools, public and private, nationally in 4th grade Reading and Mathematics.
Q&A: After Surfside, What Should I Know About Condos?
40-Year FHA, VA Home Loans Coming in October?
American Airlines Announces Big Increase in Service To Miami
75-Story, Baccaratt Residences Gets Green Light – Related’s Most Luxurious Product
Miami’s Design District Is America’s Hottest Dining Neighborhood via Robb Report
Fewer than 4% of all mortgage-holders are now in forbearance, the first time since the onset of the pandemic this number has fallen so low.
Mortgage rates dropped further this week although inflation rose more than expected. Specifically, the 30-year fixed mortgage rate fell to 2.96% from 2.99% the previous week.
Now It’s the Adults Flocking to Fort Lauderdale. Buyers flocking to luxury residences in Broward County via @nytimes
All-Cash Deals, Few Contingencies: Lawyer Braces for Miami's Real Estate Boom via @lawdotcom
West Palm Beach's Warehouse District is transforming from a neglected stretch of dilapidated buildings to a hip place to work and play.
Two-thirds of homeowners in forbearance have already started making monthly payments – and March had the best single-month improvement in delinquencies in 11 years.
NAR: 5 Appraisal Topics Every Agent Should Know
Why the Pandemic Turned Miami Into the New Monaco via @TandCmag
Miami ranks No. 6 in the U.S. for most newer homes for sale (listings for Homes built in 2000 or later), according to Homes.com
Fort Lauderdale ranks No. 4 for best cities for LGBTQ Home Buyers, according to Realtor.com data
How COVID-19 Changed South Florida Retail and Restaurant Spaces #Commercial
Danielle Hale: New listings rose 9%, the 8th consecutive week of YoY gains. With home prices up dramatically, even relatively recent home buyers are sitting on substantial home equity, one reason why we’re seeing more owners putting homes up for sale.
Another New York tech firm is relocating its HQ and bringing high-paying jobs to Miami: Major cryptocurrency exchange Blockchain.com will bring as many as 300 jobs to Miami over the next 18 months paying an average salary of $110,000.
https://www.miamiherald.com/news/business/article251865648.html
The Brightline train service has catapulted real estate investment near its South Florida stations. Brightline, which launched its passenger rail service in 2018, connects Miami to Fort Lauderdale and West Palm Beach with plans to connect to Orlando and Tampa in the future via @commobserver
NAR Chief Economist Lawrence Yun on one reason why vacation home sales are increasing: “When higher inflation occurs, some people want to have a tangible asset as a hedge against inflation. So, it is also possible that buyers want a second property as a hedge against inflation.”
Miami 21, a zoning code adopted by the city 12 years ago, regulates the shape of buildings and how they meet the street to create lively urban places through clear diagrams. The code won awards and attention across the country, and today has helped create several 15-minute cities where all basic needs can be satisfied with a 15-minute walk or bike ride. Read: Urban Walkability Gains a Foothold in the U.S.
A $50 million affordable housing complex is coming to Naranja, and more is planned #Miami #SouthDade
https://www.miamiherald.com/news/business/real-estate-news/article251833218.html
Watch WPTV’s report on how MIAMI Realtors leader and Palm Beach County Housing Authority Vice Chair Phyllis Choy has collected almost 900 books (as of today) for local children in low-income and underserved communities. Many children in the Glades live far away from a library. Choy plans on delivering the books next week to the Boys & Girls Club in Belle Glade and the Bridges Family Center in Pahokee. #MiamiRealtors #JTHSMIAMI
Miami is the only city in the world with Formula 1, NFL, NBA, NHL and MLS soccer. Miami will host its first Grand Prix in 2022, beginning a 10-year partnership with Formula 1. #Miami #GlobalCity
A Construction Boom is Coming Despite Skyrocketing Material Prices via @GlobeStcom #Commercial
Miami played host to what may be the largest cryptocurrency conference the world has ever seen. For Miami, the conference may also signal its emergence as a center for crypto and blockchain technology. #Bitcoin2021
https://www.miamiherald.com/news/business/article251719833.html
Is Allapattah the new Wynwood? Miami developers think so via @WPLGLocal10
Miami hotels have boasted some of the country’s highest occupancy
Florida Churches Consider Creative Uses of Real Estate During Pandemic #Commercial
Despite low mortgage rates, more buyers are bringing cash to make their offers stand out in a bidding war.
As more technology and finance companies make moves to the city, most are considering office space in two areas: Wynwood or downtown Miami, a district that includes Brickell.
12 reasons why Miami is having a moment: places, trends, and events which have come to life over the past year and are defining the New Miami via @SchwartzMedia
Downtown Palm Beach Gardens reinvents itself with latest makeover of stores, grounds
Rising home prices aren’t in themselves a new phenomenon caused by the pandemic — as the FHFA’s report notes, home prices have increased every quarter since September 2011. But the size of the increases is certainly influenced in part by the pandemic.
Homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 annually
Influencers leading the charge in Miami’s tech boom
Developers move fast to meet Miami’s growth needs
“Miami es la capital de Sudamérica. Hay más de 10,000 peruanos trayendo a sus amigos, a sus familiares a comer a estos restaurantes”: @elnuevoherad on how Venezuelans and Peruvians are bringing authentic Chinese food to Miami via @SarahMorenoENH #Miami #Global
https://www.elnuevoherald.com/noticias/finanzas/acceso-miami/article251291854.html
South Florida’s Outlying Markets, From Belle Glade to Treasure Coast, Heat Up via @commobserver The search for space is pushing users not just to the Glades region of western Palm Beach County, but also to Homestead in southern Miami-Dade County and north to Martin and St. Lucie counties, an area known as the Treasure Coast.
Miami's experiencing an influx of new residents in the wake of the pandemic. There's a 15% increase in tech professionals in the last year — the most in America. @MiamiMayor @FrancisSuarez told @Enrique_Acevedo he's on a mission to transform Miami into the next tech capital.
Miami saw an 87% increase in individuals relocating from Manhattan year-over-year in 2020, from 1,228 to 2,639, according to USPS permanent address changes filed in 2020 compared to 2019.
Expect 'Cranes Popping Up': 8 Ways COVID-19 is Reshaping the South Florida Real Estate Market #MiamiCommercial
South Florida’s Red-Hot Housing Market Doesn’t Appear To Be Slowing Down Anytime Soon
Businesses Are Looking to South Florida for Class A Office Space #MiamiCommercial
Miami Mayor Suarez: Tech and finance wave is a ‘movement, not a moment’
https://www.miamiherald.com/news/business/article251596618.html
With 91.6% of mortgage holders up-to-date on their monthly payments, market watchers say the expanding economy makes a foreclosure wave less likely.
More inventory is expected to come to the market later this year as potential home sellers become more comfortable listing and showing their homes. The falling number of homeowners in mortgage forbearance will also bring about more inventory via NAR Chief Economist Lawrence Yun @NARmedia
Miami Real Estate Posts Best April Sales Month in History; Existing Condo Sales Jump 234.2% as Buyers Act on Higher Inventory
Broward Total Home Sales Continue Rising in April 2021; Luxury Home Sales Jump 331.4% Year-over-Year
California to South Florida migration: For 2019, 2020 and the first four months of 2021, Miami-Dade County tops the list for all three periods for having the most former Californians getting Florida driver’s licenses among that state’s 67 counties. In the first four months of this year, Palm Beach County ranked second on that list, followed by Broward County (Fort Lauderdale)
In The Past 10 Days Alone, Nearly 1,500 High-Paying Tech & Finance Jobs Announced For Miami
The Brightline high-speed rail from Miami to Orlando is officially over halfway complete, meaning those long car trips to Orlando may soon be a thing of the past.
City salaries in South Florida are climbing, according to job-search engine Adzuna. Tech jobs, sun, and no income tax: experts explain why Florida is poised to keep growing even after the pandemic via @thisisinsider
How to grow housing market supply in 2021 via @HousingWire
Brightline's Orlando-to-South Florida rail expansion is now more than 50% complete #Commercial
Housing Affordability Increases in March as Incomes Surge via @NARmedia
The demand for industrial space increased in Miami during the pandemic as manufacturers brought production back to the U.S. to avoid future disruptions via @GlobeStcom #MiamiCommercial
Resorts World Miami Gets Approval For Three 649-FT Towers at Former Miami Herald Property
Miami ranked No. 2 Best U.S. city for small business in 2020, according to Biz2Credit study
Remote Work Is Highly Valued by 2021 Homebuyers
A powerful new wave of buyers are increasing the demand on an already low housing inventory throughout Miami-Dade County.
South Florida’s residential sales and median prices increased in the first quarter of 2021, according to the @MiamiRealtors:
Miami ranked among Top Cities for BBQ in the U.S., according to 2021 analysis by Chefs Pencil
“For first-time home buyers, rising inventory and low interest rates open the window of opportunity wider as we move through May, hinting that we might see price gains begin to moderate,” @GeorgeRatiu w/ @jepassy
M-DCPS High Schools Named among America’s Best by U.S. News & World Report
4 Ways to Alleviate Inventory Shortages via @RealtorMag
For #retail #realestate, the COVID-19 pandemic hasn’t spurred a total reinvention, but a rapid acceleration of trends that were already taking shape. Stores were already offering curbside pickup and ramping up click-and-collect.
Miami Real Estate Market Surges in Q1 2021 With Dollar Volume up 122%
https://www.thenextmiami.com/miami-real-estate-market-surges-in-q1-2021-with-dollar-volume-up-122/
Miami Ranks Number One For Growth In Tech Workers
https://www.thenextmiami.com/miami-ranks-number-one-for-growth-in-software-it-workers/
Miami Home Sales Jump 39.8% in 1Q 2021; Single-Family Luxury Transactions Up 182.9%
Broward County Home Sales Rise 29.9% in 1Q 2021; Single-Family Luxury Transactions Jump 105.4%
Danielle Hale: the number of sellers jumped in last 3 weeks compared to very low year-ago levels. As more sellers gain confidence and return to the #housing market, we’ll see the scales tip back a bit in favor of buyers.
New towers expected to be under vertical construction in Miami during 2020. All of the projects listed are within the downtown Miami/Brickell area.
How real estate professionals add value for South Florida buyers
Flagler Street makeover could revive the heart of downtown Miami
https://www.miamiherald.com/opinion/editorials/article251200904.html
Mortgage rates fell again this week and are now down to 2.96%. For the third week in a row, rates are sitting below the 3% mark:
Plans for Downtown Fort Lauderdale’s first five-star, luxury hotel
Florida ranked No. 1 best state for higher education by 2021 U.S. News & World Report. Florida’s four-year college grad rate: 69.8%. Average in-state tuition and fees: $4,443.
(South Florida Business Journal subscriber content) Miami-Dade County wants to keep tech companies coming. Here's how that could happen
Curbless, Pedestrian Friendly Rebuild of Downtown Miami’s Flager Street
South Miami Posts Two Record-Breaking Office-Retail Sales
Season in review: Record-setting sellers’ market drives up sales, prices in Palm Beach
"In a typical year, we see about 8% of the nation's homes hit the market, and we're expecting about 25% more this year," said George Ratiu, senior economist, realtor.com®.
Florida Again Ranked as #2 Best State for Business by Chief Executive Magazine
Fort Lauderdale’s Growing Tech Hub--- a prime example of the expanding tech presence in the market.
MIAMI Association of Realtors now offers Showingly via @SouthFL_Agent
The years 2020-2024 are projected to have a healthy number of U.S. replacement homebuyers as our most significant housing demographic patch ever recorded in history (ages 27-33) comes into their home-buying age. The median U.S. first-time homebuyer is 33 now. Population data via Knoema
