News

Miami real estate recovery headed in the right direction

Housing markets with higher job creation pre-COVID-19 — particularly in the technology sector — are recovering faster than their non-tech counterparts, according to Realtor.com’s Weekly Housing Recovery Report. “As the market heads into the summer, growth in online...

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Miami condo sales bounce back

Condo sales in Miami-Dade last week reached pre-pandemic levels. A total of 123 condos sold for $51 million last week in Miami-Dade County. That’s compared to 75 units that sold for $31 million the previous week. Condos last week sold for an average price of about...

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Low mortgage rates may drive home sales recovery

Nationwide mortgage rates are the lowest they’ve been in at least ten years, and such favorable financing may well be a driving force in the recovery of the real estate market in Miami-Dade, local experts say. As of June 18, the average interest rate in the US for a...

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Miami construction jobs hit record high

As unemployment in Miami-Dade fell slightly in May to 11.3% from 11.8% in April at the peak of the virus-induced shutdown, sunshine bathed one industry: construction jobs hit an all-time high here. Construction rose to 54,800 jobs in the county in May, the most for...

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Aria Tops Off Miami Mixed-Use Development

Aria Development Group has topped off its first YOTEL-branded development on the East Coast. The development firm alongside its venture partner AQARAT topped off YOTELPAD Miami by placing the final beam on May 27 and expects to complete the project in 2021. Located at...

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Miami International Home Sales Totaled $6.9 Billion in 2019

Worsening global economic outlook, political unrest slow down foreign buyer activity in 2019 According to the latest Profile of International Home Buyers of the Miami Association of Realtors (MIAMI) conducted by MIAMI and the National Association of Realtors, a strong...

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