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Despite the pandemic, the demand for luxury South Florida homes was very high during 2020. High-end single-family home sales surged. Luxury properties are those priced at $1 million and up. During 2020, these types of properties jumped by double digits in Miami-Dade,...

New York and South Florida are in completely different paths when it comes to the Covid-19 pandemic. Many New York based businesses have seen tremendous opportunities in the South Florida real estate market. In fact, many New York developers in the hospitality...

New York City Institution, Pastis, is coming to Miami. The award winning restauranteurs are planning on opening a location in Wynwood. In fact, the Wynwood restaurant will take place at an 8,000-square-foot space at 380 Northwest 26th Street. This will be the first...

Due to the pandemic, more and more people want to get the most out of outdoor living. Therefore, many have opted to maximize their outdoor space. In fact, the National Kitchen & Bath Association reported a 65% uptick in membership interest for outdoor living...

In real estate, technology has become a very important tool that facilitates day to day operations. In fact, it has also helped to expand investment opportunities. As technology keeps evolving, a new app meant to help with investing will debut in June. "Vaycaychella,"...

Miami is a very popular spot right now. Recently, Miami has been seeing a big influx of new residents coming from different states. Florida is one of the few states that does not tax residents’ incomes. Therefore, many people from high-tax cities like New York,...

According to a recent report by the Miami Association of Realtors, Miami-Dade home sales continued to increase for the fifth consecutive month in January 2021. There is very high demand for homes in the area, and mortgage rates continue to be historically low....

In the last week of February, Miami-Dade condo sales doubled. Not only that, but the dollar volume also rose, according to The Real Deal. A total of 225 condos were sold that week for $140.5 million. This is an increase compared to the prior week, where there were 113...

Natiivo is a development in Downtown Miami that broke ground earlier this year. The project made history for being the first groundbreaking in Miami since the pandemic and of 2021. The development is on schedule to top off in August 2022. Therefore, its completion is...

Recently, Miami has been seeing a big influx of new residents coming from different states. Ever since the senate passed the tax bill, high-tax cities became even more expensive. Florida is one of the few states that does not tax residents' incomes. Therefore, many...

The FHFA extended foreclosure and eviction bans to June 30. Therefore, homeowners with mortgages by Fannie Mae or Freddie Mac can't be evicted. The same applies to renters in buildings acquired by these lending giants. Furthermore, forbearance was also extended,...

After years of development, The Underline finally opened its first section on Friday, February 26. The project is located underneath the metro rail. Eventually, The Underline Miami will become a 10-mile linear park going from the Miami River to Dadeland South Station....

Buying a new-construction home is very exciting. However, it is important to consider that just because the construction is new, it doesn't automatically mean that it is free of flaws. Before closing on a new-construction home, here are some things to consider: 1-...

The Covid-19 pandemic has changed our lives in many ways. Although the lockdowns have forced many Americans to stay in one place, many have opted to relocate. A lot of people are looking for better lifestyles in more affordable cities. Therefore, many people have...

At times when apartment rents are still, the demand for single-family home rentals is surging. Although these types of rentals were already popular, the Covid-19 pandemic increased their demand. As a result, rents show promising growth that is projected to boom in...

In mid-February, Miami-Dade condo sales declined. 113 condos were sold last week for $97.8 million. This is a dip in comparison to 139 condos that were sold the previous week for $134 million. The average price for a unit also declined. On average, condos were sold...

Right now, the real estate market is booming. Therefore, there are many people looking to invest in properties. Terms like "second home", "investment property", "vacation home, " etc, are constantly being used. However, is there really a difference between all of...

Overall, the real estate market in the US is hitting a lot of records. Although the Covid-19 pandemic affected a lot of areas in the economy, real estate was one of the few areas that has benefitted. According to Redfin, U.S. home sale price increased 15% year over...

Because of the pandemic, buying a home sight unseen is more common than ever. Although it might seem like a big gamble, if paired with the right tools, buying a property this way can be a really smooth process. If you are out of the state or country, here are five...

The South Florida real estate market has been hot for quite some time. However, due to harsh weather conditions amongst other things, the market is hotter than ever. Right now, Miami offers a few perks that residents in other states do not currently have. For example,...

For the fifth month in a row, Miami real estate prices have hit a new high. As of January, the new median is $470,000. In Miami-Dade, the median price for a single-family home increased by more than 25% from January 2020 and up more than 3% from December. The prices...

Choosing between renting or buying a home is a big decision. However, there comes a time in a person's life when becoming a homeowner just makes sense. Of course, the decision to rent or buy can have a lot to do with finances. However, there are other factors to...

U.S existing-home sales unexpectedly rose to a three month high in January. Americans are taking advantage of the historically low mortgage rates that have continued to power the industry during the pandemic. According to the National Association of Realtors, contract...

Hundreds of new Orlando rental homes are in constriction. According to the Orlando Business Journal, Orlando will support 13,050 built-for rent homes by 2030. This is because a lot of millennials and retirees are choosing single-family rental communities over...

When buying a home, deciding between a house or condo can be a very big decision. For a lot of first-time homebuyers, single-family homes are above what they can afford. Although condos do come with lower price tags, there are other factors to consider. If you are...

The Covid-19 pandemic has dramatically impacted our lives in many ways. Jobs and schools went remote, and we are spending more time than ever inside of our homes. Even almost a year later, we are still spending a significant amount of time inside our houses. In fact,...

Because of the pandemic, many people have spent the last few months working from home. Therefore, having a functional home office is especially important in today's market. Buyer demand for home office space has increased dramatically during the pandemic. In fact,...

The first Aman-branded Hotel and Residence project in South Florida is officially taking a step forward. The highly anticipated Aman Hotel and Residences got the approval from the Miami Beach Historic Preservation Board. This means that the project can now begin to...

The White House is extending Forbearance and Foreclosure protections through June. Originally, both protections were going to disappear at the end of March. However, mortgages backed by the Department of Housing and Urban Development, Department of Veterans Affairs,...

Today, there are very high-stakes in the real estate market. The pandemic has been a very big factor that has impacted the market in the past few months. With low mortgage rates, and more and more people wanting to move, the housing market is thriving. Although this...

Avra Miami Estiatorio will open at the Estates at Acqualina in Sunny Isles in December. The Estates at Acqualina in Sunny Isles is a two-tower development by the Trump Group. This will be the fourth opening for the Avra Group, following Avra Madison and Avra in...

According to the Miami Association of Realtors, South Florida's residential sales rose in 2020. Across all three counties, the dollar volume reached $44.1billion. In Miami-Dade, Broward, and Palm Beach counties, luxury home sales led the market. Prices also continued...

Thanks to Covid-19, a new long-term housing market boom is upon us. According to Forbes, housing and economic cycles used to last five to seven years. However, due to several factors, the economy has shifted to longer cycles of seven to ten years. The National...

Natiivo Miami is officially under construction. Although foundation work has been underway for a couple of weeks, the official groundbreaking ceremony took place on February 11, 2021. This was the first Miami groundbreaking of 2021. Natiivo will be 51 stories, and is...

Buying a home is very exciting . However, it can also be very overwhelming. Here are 5 tips for homebuyers to make this experience go as smooth as possible: 1- Know what you are looking for. Making a list of the things that are important to you will make the buying...

Ever since the pandemic started, the Miami restaurant scene has been completely different. With all the new guidelines created by the CDC, it can be hard to find options for dining out. However, many restaurants in Miami have followed all of these guidelines...

Should you buy a home or keep renting? The truth is, choosing between renting or buying is a big decision. Both options have pros and cons. For example, being a homeowner gives you the major benefit of building equity. However, being a homeowner sometimes comes with...

Mortgage applications for second homes increased by 84% year-over-year in January 2021, according to The World Property Journal. This marks the eighth straight month of 80%+ growth. The peak was 118% year-over-year increase in September 2020. In general the annual...

Brickell provides its residents with a very luxurious lifestyle. Because it is a financial center, many high-paid employees in the area live there. Consequently, housing is more expensive. However, there will soon be an option for people who earn lower wages. "The...

Despite Covid-19 cases rising in South Florida, the Miami restaurant scene is booming. This is not the case at all in New York City. With stricter Covid-19 regulations, many NYC restauranteurs are struggling. Consequently, a lot of them are flocking to Miami for more...

Due to Covid-19, there has been a lot of uncertainty regarding commercial real estate. In many areas, Florida's commercial real estate occupancy is at a 10-year high. However, with the pandemic still affecting our every day lives, many people still wonder if it's a...

Flood zones are areas that become "inundated by the flood." These areas are more at risk of flooding during a weather event or disaster. There are different levels of flood zones, and it is important to be familiar with them. To find out if your home lies on an area...

Over the last decade, many people and businesses have shown interest in relocating to tax-friendly states. People from high-tax states such as New York have looked into moving to tax-friendly states such as Florida and Texas. Covid-19 has accelerated this trend. With...

Overall, the Miami-Dade real estate market is booming. Coconut Grove real estate is no exception. Factors such as low inventory and walkability are causing real estate prices in the area to rise. There are only about 100 single-family homes on the market right now....

The Related Group is planning on partnering with Baccarat to bring a new development to Brickell. The development would have up to 1,400 residential units. The Miami developer would build the high-rise project at 444 Brickell Avenue, where it previously planned to...

Sunny Isles Beach is one of South Florida's most desirable neighborhoods. The island is incredibly beautiful, safe, diverse, and not overcrowded. In addition, its prime location allows for its residents to have everything they need just minutes away. Over the years,...

Prime Marina Miami was recently sold for an undisclosed amount. Suntex Marina Investors, a Dallas-based company, bought the 114-slip in Coconut Grove. The company is planning to bring back its original name, Bayshore Landing. Suntex Marina Investors already own...

Thanks to the abundant amount of apartments available, it is now cheaper to rent in Miami than in Fort Lauderdale. From January 2020 to January 2021, the median rent in Miami slid by 9.1% while Fort Lauderdale's median rose by 3%. In other words, Miami's median is at...

When the COVID19 pandemic started, it was uncertain what type of impact it would have on the market. However, almost a year into it, it is safe to say that currently the real estate market is thriving. At the very beginning of the pandemic, things within the real...

The Miami luxury real estate market is thriving and shows no signs of slowing down. Everyday, more and more high-profile people announce that they are moving to Miami. As the popularity of the city grows, so does the competition in real estate. The luxury real estate...