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In 2022, more people moved to Florida than anywhere else in the United States. Thus, the state became No. 1 in migration. At the same time, according to the US Census, almost 70% of the occupied housing units in the city are rented. Only 30% of Miami residents are homeowners. Most of the homeowners are investors. Many of them own housing purchased...
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According to expert data, in May 2023, the growth of housing prices slowed down, and housing stocks continued to decline. The average price of residential real estate in Miami in May was $608,000, which is 2.3% less than in 2022. In total, housing prices fell in 21 of the 50 metropolitan areas of the United States. According to economists, April...
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Real estate experts noted: Lee County in Florida with a 950 km coastline is one of the best places to buy a "second" vacation property. Real estate prices there are very affordable, and the number of sunny days is more than 270. In general, Southwestern Florida with its snow-white sandy beaches, turquoise waters and the sun, which shines almost...
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According to the latest monthly Housing Trends report released on June 1, U.S. real estate prices rose slightly in May 2023, but overall slowed to a record low since 2016, suggesting that real estate values probably won't peak in 2023. In addition, the growth of housing stocks on the market continues to slow and shrink in many metro areas across...
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As home prices in South Florida are still rising, fluctuations in mortgage rates are making the market difficult for buyers and sellers. In the week from May 29 to June 2, mortgage rates reached 6.9%, which is the highest level since November last year, according to a weekly survey conducted by the Mortgage Bankers Association. In response to the...
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As the $4 billion Miami urban development project reaches a new level in the coming year – and sets records – one of the main developers spoke about how Miami Worldcenter will become Florida's own Rockefeller Center. According to Dan Cody, CEO of Royal Palm Companies in an interview with Fox News Digital, Miami has unlimited potential. The...
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The St. Regis Residences complex, Sunny Isles Beach, Miami, will become one of the most exclusive locations in South Florida and beyond. The distinctive St. Regis service, based on high professionalism, strives to inspire, surpassing expectations, providing a unique experience beyond imagination. Embodied by the creators of the most promising...
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More and more owners of office buildings are selling real estate at sharply reduced prices. This suggests that they do not expect that there will be a turnaround in the office space market in the near future. Property owners are starting to sell office buildings at bargain prices, which is a sign that the downturn in the market is moving into a...
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Real estate is again the best choice for investment, at least according to the annual survey of typical Americans, but its popularity has fallen to a five-year low. In a Gallup poll conducted among 1,013 American adults, 34% of respondents in April, when asked to choose between real estate, stocks, bonds, gold and savings accounts, said that real...
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Despite the fact that the state is clearly an attractive place to live, in 2023 the situation with buying and selling housing is different here. Mortgage rates have skyrocketed, and real estate doesn't look so sunny anymore as homes stay on the market longer. Florida Housing Market Trends and Statistics The average sale price in April 2023 was...
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