May 20, 2016
This year has proven to be an atypical year in South Florida real estate so far. The luxury market has been hit the hardest, and sales have declined drastically. In certain areas of the market, condo sales are down 20 to 50 percent from the same time last year. The good news is that this uncharacteristic slowdown makes now an ideal time to buy real estate.
May 13, 2016
According to a new report, Miami was the 7th top luxury real estate market in the world in 2015. In 2014, Miami finished in 9th place, and in 2013, Miami took the 8th place spot. London was number 1 in 2015, while Miami ranked ahead of important global cities like San Francisco, Paris and Toronto.
April 25, 2016
Recent Miami market reports have shown a slight downturn in the luxury real estate market, but local experts are convinced that this does not mean another housing crisis is on the way. There are several key factors that separate the current housing market from the last real estate bust.
April 19, 2016
Douglas Elliman just released the first quarter 2016 South Florida market reports covering the Miami Beach, Miami, Fort Lauderdale, Boca Raton and Palm Beach real estate markets. The reports are produced in conjunction with Samuel Miller and serve as an indispensable reference source for home buyers, the media, financial institutions, government agencies, and other market professionals. The reports include an analysis of price trends, sales trends, and other metrics to give readers an idea of current real estate conditions, along with historical and emerging market trends.
April 14, 2016
It's quite apparent that South Florida is an ideal place to live. The favorable weather, pristine beaches and world-class entertainment make the area a favorite spot among vacationers, retirees and second-home owners, but the South Florida job market is now attracting an educated, diverse and younger demographic. In March, the unemployment rate in South Florida dropped to the lowest level since before the recession.
April 8, 2016
Fort Lauderdale and Palm Beach County both ranked in the country's top 5 single-family home real estate markets, according to a new report. Fort Lauderdale took 5th place, and Palm Beach County came in 4th place. The study ranked the top 50 markets in the United States and took rising home prices, affordability, home appreciation and economic and demographic conditions into account. A top 5 finish for both Fort Lauderdale and Palm Beach County is impressive!
March 11, 2016
Knight Frank and Douglas Elliman recently released the 2016 Wealth Report. The annual report is a global perspective on prime property and investment. Miami now ranks as the 12th top city for ultra-high-net-worth individuals (UHNWIs), or those with more than 30 million dollars.
February 26, 2016
According to a recent report, Colombia bested Brazil for the most real estate searches in Miami during the month of December. More Colombians searched for property in Miami on the Internet than any other country in the world. Brazil topped the same list 17 out of the previous 18 months, but settled for a second place finish in December. After Colombia and Brazil, the top five spots were filled by Venezuela, Argentina and the Philippines.
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