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Real Estate Blog
Last year, Miami maintained its position as the leader in ho...
>According to the latest data from the Miami Association of Realtors, single-family home sales in the greater Miami area saw a 1.3% year-over-year increase in December 2023, rising from 744 to 754. Conversely, existing condo sales in the Miami area experienced a 7.2% year-over-year decline, dropping from 1,035 in December...
Anticipated Easing of Mortgage Rates Expected to Energize th...
Mortgage rate just dipped below 7%. In the past few years, consecutive rate hikes by the Fed have adversely impacted prospective buyers, substantially raising mortgage costs. At a recent point in time, the average 30-year fixed-rate mortgage exceeded 8%. Just a few years ago, securing a mortgage below 3% was feasible. Following...
Jorge Perez and his predictions for Miami's residential mark...
Jorge Perez, founder of the Related Group and Florida's largest property developer, shares his insights on the future of Miami's condo market in an interview with the Financial Times. Perez believes that Miami has fundamentally changed. "We've become a centre of culture, a centre of business, a centre of finance" says...
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