Is Homeownership Becoming Out of Reach for Millennials?

While it’s true that many millennials are looking forward to becoming homeowners, a recent report has shown that their aspirations could be years from becoming a reality. An article by Suzanne De Vita in rismedia.com (For Millennials, Homeownership Is a Waiting Game), reports that a survey by ApartmentList.com shows that while ... Read More...

CondoWatch Miami: Luxury Leads the Way

The Miami Dade condo market soared on the strength of luxury sales this past week. There were 166 closings for a total sales volume of $72,787,778. The average price for a condo rose to $438,480.59, or $264.90 per square foot. Miami was the top city with a whopping 81 closings reported ... Read More...

Condo Developers Shift Focus

Last year proved to be dismal for condo developers. The U.S. presidential election, along with poor economic and political conditions in major Latin American markets, all contributed to a downturn in sales.  So, what’s a developer to do? A recent article in The Real Deal, by Katherine Kallergis (Top Developers Mix ... Read More...

Developers Offer Incentives to Lure Buyers

Florida developers have ramped up incentives to lure buyers as they scramble to sell out their luxury condos. A large supply of inventory, and a drop in foreign financial markets, has developers offering more enticements to prospective buyers. A recent article in The Real Deal by Cindy Krischer Goodman (Wanna ... Read More...

CondoWatch Miami: Strong Week of Sales

The Miami Dade condo market had a strong performance last week. There were 173 closings for a sales volume total of $79,711,196. The average price for a condo rose to $460,758.36, or $295.04 per square foot. Miami Beach was the top city with a total sales volume of $23.888 million across ... Read More...

Demand for Rental Properties Rising Dramatically

Inventory shortages are severely impacting the housing market, and will have the greatest effect upon renters. A recent multi-family report estimates that by 2030, 4 million new apartments will be needed to keep up with the demand. The National Apartment Association (NAA) along with the National Multifamily Housing council (NMHC) ... Read More...

Nation’s Housing Market Struggles for Affordability

The Joint Center for Housing Studies at Harvard University has reported that housing has largely recovered from the crash. In an article written in RISMedia.com (State of the Nation’s Housing: Affordability Puts Pressure on Progress), Suzanne DeVita  points out that the study shows a “definitive recovery in home prices, growth ... Read More...