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South Florida Real Estate Blog

Category: Market Updates

New Yorkers Fleeing the Tri-State Area in Favor of Lower Tax Options, like Florida.

July 16, 2018

States like Florida and Texas have been wooing businesses and wealthy residents with promise of warm weather, zero state income tax and relatively low property taxes for years. It looks like their time has finally come as the states are drawing a wave of Wall Street investors, real estate executives and other wealthy residents from New York and the tri-state area.

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Home Foreclosures are on the Rise in the First Half of 2018.

July 12, 2018

According to a new report released by Attom Data Solutions, twenty-two U.S. states posted increases in the number of new foreclosure filings for the first half of 2018, compared to the same period a year ago. Some experts believe the loosening of lending standards may be among the reasons why some of the nation’s hottest real estate markets are seeing a rise in their foreclosures.

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Zillow Looking to Raise $650 Million Via Public Offering for Company Expansion

June 28, 2018

The Seattle-based listings giant, Zillow released their regulatory filing statement on Wednesday. In it, the company stated they are looking to raise $650 million via concurrent offerings - $325 million in stock and $325 million in convertible bonds.

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Fed Raises Interest Rates and Signals More Increases to Come

June 14, 2018

On Wednesday, the Federal Reserve raised interest rates and signaled that at least two more increases could be on the way later this year. Fed chairman Jerome Powell, in a news conference Wednesday, said the U.S. economy had strengthened enough for borrowing costs to rise without choking off economic growth. He noted that the economy had strengthened significantly since the financial crisis of 2008 and was approaching a normal level that could allow the Fed to step back and play less of a role in encouraging economic activity.

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The Current Real Estate Market is Tough, but Prospective Buyers Aren’t Giving Up

June 4, 2018

It is no secret the housing market has been tough for quite a long while now. In fact, according to the National Association of Realtors, the listings for homes for sale have dropped year-over-year for 34 consecutive months. Yet, according to the most recent Housing Trends Report, prospective home buyers aren’t giving up on looking for a new home.

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Construction Delays Generating Lawsuits at Ritz-Carlton Residences, Miami Beach

May 17, 2018

Since March, three separate civil lawsuits have been filed against the Ritz-Carlton Residences, Miami Beach development group, 4701 North Meridian LLC. The group is a partnership between Lionheart Capital and Elliott Management Corporation. The plaintiffs are suing the developer over the project’s construction delays and are seeking to get their deposits refunded.

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My Trip to London for The 2018 Knight Frank Global Residential Conference

May 9, 2018

I recently returned from another fantastic trip “Across the Pond” in London for the 2018 Knight Frank Global Residential Conference. I was able to spend valuable time with my global colleagues from Knight Frank and Douglas Elliman, strengthening our connections, building new relationships and expanding our real estate knowledge with the unified goal of providing our valued clients with the best information and experience in the industry.

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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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