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-14.2%Miami Beach Real Estate: Bal Harbour Condos News & Blog
South Florida real estate is truly unpredictable when it comes to market trends. While the right timing and investment returns are rather difficult to predict, trends in this market have been on the positive side for property purchases and investing. In the big picture there are indicators that direct potential investors as to when properties should be sold or purchased.
According to the Miami Herald, the numbers of people from foreign countries purchasing waterfront single-family homes in Miami is increasing. As these numbers increase, so does the rent that is being charged. Sources at Texas-based MPF research stated that South American investors are purchasing condominiums in Miami and are managing to rent them within a week.
Prominent Miami real estate is extremely popular and sought after more than any in the U.S. In light of recent events, Miami's real estate market takes a major hit on the positive side with the purchase of 13.9 acres of land on the waterfront by the third largest casino company in Asia. Namely, Genting Malaysia Berhad has acquired this large parcel of land owned by the Miami Herald Newspaper for $236 million[...]
It might seem that real estate prices in Miami are on the high end of the scale, but one look at housing prices throughout the world shows the reality of the situation. While there are economists and journalists putting forth their opinion that real estate in the Miami area is overpriced, they are simply wrong. In fact, Miami homes on the market tend to be on the lower end of the pricing scale, compared to some other parts of the country..
Recently, the strength of the Miami rentals market has become apparent based on several indicators. Many people have taken the opportunity to purchase distressed properties in order to provide housing for Miami’s permanent residents and its visitors. Miami has all types of properties, but it appears that the multi-family developmet is more popular than most[..]
Florida real estate market continues to enjoy an upward swing in sales of existing homes and existing condos currently on the market for November's report according to Florida Realtors. Home sales within the market saw an increase of 11 percent last month within the last month [...]
The year 2012 could be the year that the housing market within South Florida real estate finds its footing and reaches stabilization. Currently, economic and real estate data are pointing that the trend for higher sales on Miami condos and Miami homes on the existing market are seeing upswings in sales that will continue to stabilize as the market grows [...]
The American jobs act included a proposed $15 billion housing stimulus plan. What are the contents of this plan? More importantly, how will the $15 billion housing stimulus package affect Miami real estate and the overall market value in South Florida? [...]
Lately, a lot of attention has been focused on the Miami real estate market and the international buyers it is attracting that hail from Europe and South America. However, one of the largest groups showing an interest in the region are from Canada [...]
The Wall Street Journal reported that Elizabeth Duke urged bold moves for real estate meant to revive the housing market. Elizabeth Duke is a high ranking official with the Federal Reserve. In her speech last Thursday Duke stated "Clearly the real estate market is not functioning as it should [...]
