Category: Uncategorized
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Miami Has Highest Real Estate Bubble Risk Nationwide
Miami's housing market has seen unprecedented price increases, making it the most precarious in the US. Limited availability of high-end properties leads to bidding wars, exacerbating affordability issues for typical buyers
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Miamians are the most rent-burdened people in America — and they’re stressed about it
Miami residents are facing significant financial strain, with over 75% reporting difficulty covering household expenses. The area has the highest rate of cost-burdened renters in the U.S., with nearly 60% spending over 30% of their income on housing. Rising rents, driven by an influx of high-income earners, have led to a 21% increase in average…
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Miami Real Estate Market Predictions 2025
Predictions for the Miami real estate market in 2025 indicate significant growth, with median home prices expected to rise by 6.5%, and single-family homes by 9.7%. Mortgage rates may drop to around 5%, enhancing affordability. The luxury condo market is thriving, particularly for properties over $1 million, which have surged by 122.2% since pre-pandemic levels.…
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Miami Home Listings Surge 70% in Mid-Q3!
Miami saw a 70.1% yearly surge, reaching 38,231 active home listings in Mid-Q3. Home sales in Miami fell 9.2% yearly, totaling 6,056 transactions this Mid-Q3.
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Here’s why this week is the best time to buy a house
Last month, the Fed cut interest rates, benefiting prospective homeowners after years of hikes. Realtor.com suggests that the best time to buy a house this year is from September 29th to October 5th, as market demand drops by 30%, leading to lower prices and less pressure on buyers. This period allows for more thoughtful decision-making,…
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Revivirán Los Temores De Un Colapso El Mercado Inmobiliario Para 2025
Estabilidad a pesar de los temores: El mercado se mantiene estable, evitando colapsos importantes como el de la Gran Depresión.Factores que enfrían el mercado: El aumento de las tasas hipotecarias y los temores de recesión han enfriado el mercado desde su punto máximo.
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Why Miami Shines as a Top Beach City
Miami is ranked 123rd on the Best Places 2024-2025 list and has a population of 461,672. The city has a median home price of $448K and a median household income of $64K.
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Miami: Price Drop in Mid-Q3 May Improve by Fall
Miami’s median home prices ↓ 11.7% to $530K, the largest reduction nationwide. Miami saw ↑ 72.2% in active listings, ranking fourth for new housing development.
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Miami Office Deal Volume Increases, Prices Surge
Miami's office market shows strong performance, with 2.8 million square feet under construction, significantly above the national average. The city ranks third nationally for office-to-residential conversion potential at 16.1%. Year-to-date, 29 properties totaling 1.7 million square feet traded for $588 million, a 93.8% increase from last year. The average price per square foot is $354,…
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Miami’s Office Market: Coworking Saves $70K Annually
Miami ranks among the Top 20 US cities for cheaper coworking space compared to office leases. Coworking spaces in Miami offer 61.1% savings, the 5th highest discount out of 94 cities.