South Florida homes sell for as much as 30% above asking price

Real Estate in south Florida has always been a hot commodity.  However since the reopening after last year's lockdowns, the market has been exploding.   Month after month we have seen a steady increase in the sales price for homes in South…

South Florida Condo Market Post Surfside Collapse: What should you expect?

According to Craig Studnicky, principal of Miami-based brokerage ISG World, the condo market has been pretty stable for the past two to three years.  Even with many people relocating to south Florida, condo prices per square foot have remained…

Big Tech Firms and Latin American Buyers Fueling Miami’s Real Estate Price Increase?

Buying a single Family home in South Florida just got more expensive. Latin American Buyers and big Tech Firms could be the reason why.  According to the latest Sales Report provided by the Miami Realtors Association, the Miami-Dade County…

South Florida Still a Wonderland for Out-of-State Buyers

Ever since the early days of the Covid-19 pandemic, South Florida has lured in real estate buyers from densely populated states, such as New York and California. Florida’s lower taxes, favorable weather, and relatively low number of Coronavirus…

While Real Estate Sales are slipping nationwide, South Florida stays strong

Despite the COVID-19 breakout, Real Estate sales have seen a noticeable increase throughout 2020, compared to 2019. A continuously growing number of people are in the hunt for properties, especially among the younger generations. This is remarkably…

Homebuying Demand Reaches Record-Breaking Numbers, Especially Amongst Youth

While historically the homebuying season reaches a peak towards the last quarter of the year, 2020 has proven to be a remarkable exception. A continuously growing number of people are in search of acquiring a home, and the spike has not shown…

New Homeownership Gains in the U.S. Headed by Latinx Americans

A recent report released by Zillow revealed that the number of households headed by a Latinx member that own their homes is at its highest since 2008. Latinx refers to individuals who identify with Latino, Hispanic, or Spanish origin. There…

Despite COVID-19, Luxury Real Estate Still Selling in South Florida

As with many things in 2020, the housing market is in an “uncertain” place right now. In previous months, the industry has seen an increase in new home mortgage applications in regards to 2019, amid the Coronavirus. But, at the same time,…

Social Media Becomes Realtors’ Solution to COVID-19

No one expected 2020 to be the year of a global pandemic. Up until the initial months of the year, everything was business as usual (with a few exceptions). But now COVID-19 has changed the way we live our lives. And has also changed the way…

New Home Purchase Mortgage Applications See A 54.1 Percent Increase In June 2020

The Builder Application Survey (BAS) sponsored by the Mortgage Bankers Association (MBA) indicates an increase of 54.1 percent in mortgage applications for new home purchases in June 2020, compared to June 2019. The BAS also indicates a 20 percent…