Concierge

South Florida Real Estate Blog

Category: Market Updates

Elevate Your Investment Strategy with Our Latest Wealth Insights

March 6, 2024

The DEKF Wealth Report 2024 offers an in-depth analysis of global wealth trends, focusing on prime property and investment opportunities. It underscores a significant shift towards digital and AI-driven investment strategies, highlighting the increasing importance of sustainable and tech-focused real estate. The report serves as an essential resource for investors aiming to navigate the complexities of the global market, presenting expert insights into wealth creation, luxury real estate trends, and the future of investment in a post-pandemic world.

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Insight into the Future of Prime Residential Markets

January 25, 2024

This report offers a comprehensive look at the prime residential market, forecasting a 2.4% growth in prime prices in 2023 and a further 2.5% in 2024. 

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Zillow CEO Provides Detailed Look into the Growth of His $10 Billion Company

April 16, 2018

The CEO of Zillow, Spencer Rascoff was recently interviewed by Forbes Magazine, and he shared a detailed look into the strategy that has turned his company into a $10 Billion real estate listing giant. In 2007, after Apple’s announcement that the company would allow third-party apps on the iPhone, Rascoff bet everything on mobile development and compatibility.

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Canadian Buyers Show Increased Activity in South Florida Residential Real Estate

February 19, 2018

According to the National Realtors Association of Realtors, Canadians made up 9 percent of foreign buyers of South Florida residential properties last year. That number is up from 6 percent in purchased in 2016. Canadians also bought $19 billion of residential property in the United States last year, more than double their $8.9 million of purchases in 2016.

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AirBnB Reports $45.7 Million in Tax Revenue Collected in Florida

February 13, 2018

AirBnB recently announced its hosts are contributing to local and state government coffers with a new and lucrative cash stream. The company released a press release noting that AirBnB collected $45.7 million in tax revenues in 2017. Those taxes were remitted to the Florida Department of Revenue and to the 39 counties that have signed agreements with the company. Of that lump sum, Miami-Dade and Broward counties accounted for 40 percent of the total at $18.3 million. The 2017 tax revenue collection is more than double the numbers recorded in 2016.

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Ultra Wealthy Foreign Buyers Looking to Scoop Up Luxury Real Estate in South Florida

February 8, 2018

According to a report from Beauchamp Estates in association with Leslie J. Garfield & Co., ultra-wealthy international buyers are looking to buy luxury real estate in the United States; particularly in South Florida, New York and Los Angeles. According to the managing director at Beauchamp Estates, Gary Hersham, "Miami is a leading hub for overseas buyers investing in U.S. luxury real estate." Miami is a very popular destination for wealthy buyers from South America (Columbia, Brazil, Argentina), Great Britian and the Philippines.

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Closing Real Estate Deals with Bitcoin

February 5, 2018

Recently, we've begun to see cryptocurrencies such as Bitcoin shake up the real estate market. There have been a number of news stories featuring luxury property owners requesting Bitcoin as the preferred method of purchase. Real estate agents and sellers are also hoping to lure the newly wealthy cryptocurrency investors by touting their Bitcoin-friendly listings. That being said, there are still reservations when it comes to Bitcoin. There are concerns over the currencies' extreme volatility and lack of transparency. Like it or not, cryptocurrencies look like they are here to stay in one form or another, and it is important to have an understanding of how they can be used.

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Home Prices in South Florida Rose 9 Percent in the Fourth Quarter of 2017

February 1, 2018

According to a newly published report from Attom Data Solutions, home prices in the South Florida area are on the rise. The report, which tracks prices in 112 U.S. metro areas, found that median home prices in Miami, Fort Lauderdale and West Palm Beach went up by 8.9 percent year-over-year in the fourth quarter of 2017.

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