News
Florida Attracts More Northerners
When the coronavirus shutdown began in March, Vanessa Antonelli and Jordan Epstein of Manalapan, N. J., rented a house in Orlando for a 10-day break with their 5-year-old daughter and 9-year-old son. “We quarantined and ended up staying three months,” said Ms....
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The Aventura Market: Organically Grown for Over 20 Years
For over 20 years, the Aventura Market has functioned in support of the local community, giving shoppers the perfect setting to explore exotic foods and handmade goods from local businesses while escaping the Florida heat. Aventura Market showcases a diverse array of...
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Home prices suddenly see biggest gains in 2 years
Exceptionally strong demand, historically low supply and record low mortgage rates are combining to fuel the fastest home price growth since 2018. Nationally, home prices in July were 5.5% higher than in 2019. That is a marked increase from the 4.3% annual gain seen...
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Miami-Dade Restaurants Can Resume Indoor Dining on Monday
The past few months have proved to be a cruel rollercoaster ride for Miami-area restaurant owners, with government officials ordering restaurant dining closed, then opened, then closed again. Now, the restaurant industry has some good news. Today, Miami-Dade County...
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Goodbye, Big Apple. Billionaire Carl Icahn relocates headquarters to the Miami area.
Billionaire Carl Icahn has moved his headquarters from New York to Sunny Isles Beach. Icahn, the founder and majority shareholder of the conglomerate Icahn Enterprises, relocated his firm from the General Motors Building in Manhattan to the 14-story Milton Tower in...
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Design approved for four-story Miami Beach townhomes from hospitality-nightlife guru
Hospitality guru Mio Danilovic is turning his hand to residential development. Earlier this week, Danilovic received design approval from the city of Miami Beach to replace the existing two-story building at 1311 15th Terrace with four sleek condos designed by...
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COVID is not taking a toll on real estate deals. Home sales are up in South Florida
The South Florida housing market is finally getting its time in the sun after months of weathering a storm. And condos, not just single-family homes, are feeling the warmth. Broward and Miami-Dade saw 82% to 100.8% growth in year-over-year condo and single-family home...
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Miami’s condo market rebounds, led by $22M sale at 321 Ocean
Miami’s condo market came back to life last week, led by a $22 million sale at 321 Ocean. A total of 153 condos sold for $80 million last week. That’s compared to 112 units that sold for $52.6 million the previous week.Condos last week sold for an average price of...
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30-year mortgage rate hits record low — again
The average mortgage rate on America’s most popular home loan has hit another record-setting low. The rate on the 30-year mortgage fell to 2.88 percent, the lowest rate in 50 years, Bloomberg reported, citing Freddie Mac. Rates have dropped eight times during the...
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South Florida resi contracts continued to rise in July
New signed residential contracts and new condo inventory in South Florida rose in July, according to a monthly report from Douglas Elliman. But while the volume of new signed contracts exceeded recent pre-pandemic levels, new listings of single-family homes continued...
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Florida real estate report: Rising prices, sales and inventory
by: Marla Martin Media Relations and Communications Manager for Florida Realtors Florida’s housing market in June showed positive signs of recovery despite the continuing coronavirus pandemic, with more new pending sales, more pending inventory and higher median sales...
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NYC’s Wealthiest Flocking to Florida Even While Covid Rages
Lavish Florida retreats were a popular escape for rich New Yorkers riding out the Covid-19 lockdown. Now, many are rushing to make things more permanent even while the virus surges in the Sunshine State. Sellers in places like Miami and Palm Beach are getting flooded...
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