April 19, 2016
Douglas Elliman just released the first quarter 2016 South Florida market reports covering the Miami Beach, Miami, Fort Lauderdale, Boca Raton and Palm Beach real estate markets. The reports are produced in conjunction with Samuel Miller and serve as an indispensable reference source for home buyers, the media, financial institutions, government agencies, and other market professionals. The reports include an analysis of price trends, sales trends, and other metrics to give readers an idea of current real estate conditions, along with historical and emerging market trends.
April 14, 2016
It's quite apparent that South Florida is an ideal place to live. The favorable weather, pristine beaches and world-class entertainment make the area a favorite spot among vacationers, retirees and second-home owners, but the South Florida job market is now attracting an educated, diverse and younger demographic. In March, the unemployment rate in South Florida dropped to the lowest level since before the recession.
April 8, 2016
Fort Lauderdale and Palm Beach County both ranked in the country's top 5 single-family home real estate markets, according to a new report. Fort Lauderdale took 5th place, and Palm Beach County came in 4th place. The study ranked the top 50 markets in the United States and took rising home prices, affordability, home appreciation and economic and demographic conditions into account. A top 5 finish for both Fort Lauderdale and Palm Beach County is impressive!
March 11, 2016
Knight Frank and Douglas Elliman recently released the 2016 Wealth Report. The annual report is a global perspective on prime property and investment. Miami now ranks as the 12th top city for ultra-high-net-worth individuals (UHNWIs), or those with more than 30 million dollars.
February 26, 2016
According to a recent report, Colombia bested Brazil for the most real estate searches in Miami during the month of December. More Colombians searched for property in Miami on the Internet than any other country in the world. Brazil topped the same list 17 out of the previous 18 months, but settled for a second place finish in December. After Colombia and Brazil, the top five spots were filled by Venezuela, Argentina and the Philippines.
February 12, 2016
Miami real estate flourished in 2015. Miami-Dade County saw 29,886 residential sales, which was the third-best year on record. Of those sales, 13,936 were single-family homes and 15,950 were condominiums.
February 10, 2016
With prices on the rise and wages holding steady, first-time home buyers may have a harder time jumping into the real estate market in 2016. However, those looking to buy potential rental properties will see these changes as signs of continued strength in the investment market. In a recent study, Fort Lauderdale was named the 8th best city in the United States to invest in this year.
January 27, 2016
In an effort to discover money being laundered through Miami and New York luxury real estate, the U.S. Treasury Department will soon start tracking all-cash transactions made through limited liability corporations that mask buyers' identities. The initiative will run from March through August and will affect real estate deals starting at 1 million dollars in Miami-Dade County.
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