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March 2018 Blog Posts (11)

Miami Condo, Home Sales Continue to Rise in 2018



According to the Miami Association of Realtors, Miami existing condominium and total luxury home sales increased in February 2018.



Miami-Dade County existing condominium sales--which are competing with one of the most robust new construction markets in the country -- rose for the fourth consecutive month in February. Miami luxury $1-million-and-up sales jumped 31 percent, from 116 in February 2017 to 152 in February 2018.…

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Added by Lazaro Lopez on March 29, 2018 at 7:02am — No Comments

How To Win A Real Estate Bidding War!

How to win a real estate bidding war in today’s home buying market is a fine art. From Los Angeles to San Francisco to Boston offering a home’s asking price is just the starting point in negotiations.

In Long Beach, California, Breanna LePante of Nook Real Estate recently got her client’s offer for a 1,000 square foot condominium to stand out from 21 competing offers. How did she do it? I always have my buyers write a nice letter to the seller…

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Added by Lazaro Lopez on March 27, 2018 at 11:03am — No Comments

Florida CRE industry has 12-figure annual impact

Florida's commercial real estate industry contributed $189.4 billion to the state's economy in 2017, the third most of any state in the nation, according to an annual economic impact study.

Only California and Texas generated more, the survey from a George Mason University professor in Virginia funded by the National Association of Industrial and Office Parks found.

The Sunshine State also ranked third of the 50 states in direct spending -- including labor, materials and…

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Added by Lazaro Lopez on March 21, 2018 at 10:00am — No Comments

Things to Check When Viewing a House

Things to Check When Viewing a House

It's easy to get emotional and forget to look at everything when you've found a beautiful home that matches your wish list. When buying a home, an inspection by a certified Home Inspector is a must. Knowing in advance some of the items the inspector will be looking at will enable you to screen potential homes more easily during viewings.…

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Added by Lazaro Lopez on March 20, 2018 at 10:21am — No Comments

Why We Invest In Real Estate

Real estate is one of the oldest and most reliable forms of investment. From the first moment that someone created an ownership deed for a piece of property and then later sold it for a profit, it has held appeal for every would-be investor.

Making the most of a real estate investment is heavily centered on the investors. There are several reasons why so many more people feel…

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Added by Lazaro Lopez on March 20, 2018 at 10:05am — No Comments

Miami’s building boom: New construction trends to watch

A growing and dynamic city like Miami needs a diversified and ample housing market to keep up with demand. The city’s existing housing market is uneven: there’s tremendous inventory in certain sectors, while in others — like modestly priced single-family homes — there’s not nearly enough. The imbalance has not dampened new construction in South Florida, however, as aggressive and creative developers are working to give Miami residents the housing that is needed and wanted. Those developers…

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Added by Lazaro Lopez on March 15, 2018 at 2:37pm — No Comments

Home Flipping in U.S. Hits 11-Year High in 2017

Over 200,000 U.S. Homes Flipped in 2017



According to ATTOM Data Solution's Q4 and Year-End 2017 U.S. Home Flipping Report, 207,088 U.S. single family homes and condos were flipped in 2017, up 1 percent from the 204,167 home flips in 2016 to the highest level since 2006 -- an 11-year high.



The 207,088 homes flipped in 2017 represented 5.9 percent of all single family home and condo sales during the year, up…

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Added by Lazaro Lopez on March 13, 2018 at 2:43pm — No Comments

Norwegian Cruise Line will build a futuristic new terminal at PortMiami

Royal Caribbean Cruises just hit a construction milestone with its sleek new Terminal A at PortMiami. Royal Caribbean and building contractor Suffolk celebrated in January with a party to commemorate reaching the highest construction point of the $247 million state-of-the-art terminal.

The cruise terminal is…

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Added by Lazaro Lopez on March 9, 2018 at 7:25am — No Comments

Commercial Investment Activity in U.S. to Continue to Thrive in 2018

According to CBRE's newly released Americas Investor Intentions Survey 2018, a prolonged period of U.S. economic growth, as well as tax cuts and favorable regulatory changes, means that commercial real estate investors are more positive going into 2018 than they were at the start of last year.



The 2018 survey results reveal that the largest share (45%) of investors plan to increase their level of acquisitions in the Americas compared…

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Added by Lazaro Lopez on March 6, 2018 at 9:26am — No Comments

Report: Low inventory not enough to hold back strong Florida market

Sales and median home prices both increased to close out 2017, according to the latest report from Florida Realtors. 

“Florida’s economy is growing, the jobs outlook remains strong and more people are moving to the Sunshine State,” said 2018 Florida Realtors President Christine Hansen. “And while mortgage interest rates are rising, they are still at favorably low levels.…

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Added by Lazaro Lopez on March 1, 2018 at 8:56am — No Comments

Brickell Bay Drive plan would add 700 apartments, hotel

A plan for Brickell Bay Drive bayfront would amass more than 700 apartments and nearly 260 hotel rooms along with new retail.

The property at 1111 Brickell Bay Drive already houses the 32-story Yacht Club at Brickell apartments, which would be redeveloped, adding a 61-story apartment tower and…

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Added by Lazaro Lopez on March 1, 2018 at 8:47am — No Comments

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