Related Group and Alta Developers are celebrating the reservation of 20% of their 312 residences at Casa Bella by B&B Italia in Downtown Miami’s Arts’ and Entertainment District. This amounts to over $80 million in reservations. See inside this exquisite project and take advantage of early pricing incentives…
Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.
Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge.
Inventory Is at an All-Time Low
Because...
In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that drives prices up. And that’s exactly the case in today’s housing market. So, knowing what’s happening with the inventory of homes for sale and the demand for housing is crucial for today’s buyers and sellers.
Nationally, Demand Is High and Supply Is Very Low
The latest buyer and...
After years of litigation, everything has finally been settled and the project is officially moving forward. The difference is, Ugo Columbo, arguably one of the “finest finishes” developers in Miami, has taken over and will be developing the project, now called Vita at Grove Isle…
Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing:
“As trends such as remote working and flexi-hours took hold in 2021, so too did the flexibility of relocating as well as the growth of second homeownership.”
This may be because the pandemic has altered how we think about our homes. Where we live has become, more than ever, our safe space and our getaway. And with the rise in remote work, more people are reconsidering...
Florida Mortgage | Why Acting Strategically as a Seller Is Your Best Play
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In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below):
If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines.
Why Is Real Estate a Great Investment During Times of High Inflation?
With inflation reaching its highest...
On a perfect Miami weekend with perfect weather and a beautiful backdrop of the Biscayne Bay and glittering towers of Coconut Grove, the 58th Annual Coconut Grove Arts Festival is in full effect. Have a look at the festivities that are available to you until tomorrow afternoon…
After a whirlwind month of record-breaking sales, have a look at the last available residence in the ultra-exclusive and ultra-private Miami building where Jared Kushner & Ivanka Trump reposed after their exodus to the Sunshine State. You won’t be disappointed…
The overall market in South Florida exploded in 2021 due to an enormous influx of buyers from New York, Chicago and L.A. because of our favorable tax rates and triggered by Covid. As a result, the Coconut Grove real estate market shattered every metric ever tabulated in 2021…