News and articles
-
The famous billionaire financier Ken Griffin has recently moved to Miami and taken the office of his Citadel hedge fund to Florida too. Many other professional investors would like to follow his lead. A recent survey of investors showed that most of them would prefer to move to the sunny Florida, particularly Miami, if they could work from...
Read more -
A wonderful climate and lack of income tax in Florida are not the only reasons why an increasing number of IT firms, including those working for the real estate market, are moving to the Sunshine State. According to Tracxn, the largest startup database, there are already over 50 such enterprises in the Miami area. Adam Mait, Chief Operating...
Read more -
According to the January review of residential property market by the Northeast Florida Association of Realtors, the number of single-family houses listed for sale in this region continues to increase, and prices keep dropping. The median price of such properties was $360,000 in January 2023, which is 2.9% less than a month earlier. After the peak...
Read more -
The demand for build-to-rent housing is expected to remain high in 2023, despite concerns regarding a recession. Brad Hunter, President at Hunter Housing Economics, notes a certain decline of activity in the rental market at the moment because people are afraid of the forthcoming crisis. Market players may have to make mutual concessions. Rents are...
Read more -
The Real Deal agency analyzed rental data on Redfin and Realtor.com and compiled a ranking of 10 most expensive properties for rent. Most of them are located on the oceanfront in Miami-Dade, Broward, and Palm Beach Counties. Almost all are single-family houses. The asking rent ranges from $225,000 to $350,000 per month. Dozens of homeowners are...
Read more -
Several bills concerning the real estate market will be considered at the forthcoming session of the Florida Legislature that starts in March 2023. For instance, the state’s legislators will consider draft regulations according to which sellers of residential and commercial properties will have to disclose information about flooding and flood...
Read more -
In December 2022, rents decreased in 71 out of 100 largest US metropolitan areas, which could indicate that the country is gradually coming out of the rental crisis. Florida markets, however, are still overvalued, and the local rates are too high for many potential residents. Researchers from the Florida Atlantic University, the University of...
Read more -
Demand for real estate in Florida has remained extremely high over the past few years, but the market is being restructured because of the rising interest rates and increased borrowing costs. As of December 2022, the average price of a single-family house in the state was $395,000, which is a 6% increase over the same period in 2021. The rise in...
Read more -
Florida positions itself as the best state to live in, and 808 new residents arriving here every day, according to statistics, seem to share this opinion. A real boom in the residential property market occurred in this state after the pandemic. For instance, the median price of a single-family house surpassed the last year’s level by almost 10% by...
Read more -
Credit Suisse Asset Management (a branch of the financial giant) cooperated with Trinity Investments, a US firm involved in real estate investment, to purchase an iconic oceanfront hotel located between Fort Lauderdale and Miami. This is one of Credit Suisse’s largest acquisitions since August 2021. The partners are counting on the recovery of the...
Read more