Currently South Florida is leading the nation in renters spending more than half of their incomes on housing. According to a study from Harvard University, about 34% of households in Pam Beach, Broward and Miami-Dade counties spend more then half of their gross income on rent and utilities. A d
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05/10/2011
Picture a nine-acre development in the heart of Miami's Brickell Financial District, spanning 4.6 million square feet of retail, office, residential and hotel space. Hard to imagine? This is the plan Swire Properties has for Brickell CitiCentre (BCC). Brickell CitiCentre is the largest registere
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05/05/2011
It's no secret that foreign investors are dominating the South Florida real estate market. Brazilians are getting the most attention, buying high-end condos in South Beach and downtown Miami, but new data shows that this is a false perception. According to the Miami Association of Realtors, Ven
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05/02/2011
The average sales price in Miami has seen a 7% increase this year but one luxury condo in downtown Miami has increased sales prices by almost 63%. Epic, a 54-story luxury condo along the north bank of the Miami River, is outperforming new condo sales trends for downtown Miami. According to Condo
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04/29/2011
Did Miami lose its groove? Well, the NY Daily News and Departures Magazine think we've got it back! The recession and the real estate market collapse may have put a damper on our spirits but the city has been showing new signs of life lately. Major projects that were started during the boom are
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04/27/2011
More good news for South Florida real estate is coming from March numbers. Data released by Florida Realtors says that sales of existing-family homes were up by 46% and condo sales were up by 28%. The good news for buyers is that while sales are increasing, most prices are decreasing. “A variet
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04/26/2011
The March real estate sales numbers are proof that Miami's real estate market is improving. Sales of existing condos jumped to 85% in the Miami metropolitan area in March 2011 compared to the previous year and jumped to 80% compared to the previous month. According to the Miami Association of R
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04/22/2011
Miami-Dade had their highest sale in nearly a year last week. Penthouse A in South Beach's Apogee condo tower sold for $11.5 million to an undisclosed European company. Apogee South Beach is home to 67 luxury residences on 22 floors located in SoFi, the South Fifth district of South Beach. Ther
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04/20/2011
Bid on the City is a real estate listing and bidding platform to sell, buy and rent residential properties. The website, which offers live audio and video bidding in real time online, has announced that they will bring their platform for renting and selling over $17 million in luxury properties
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04/18/2011
Many US cities, including Miami, have seen an increase in interest from foreign homebuyers recently. This uptick could be the result of turmoil in the Middle East, which has sent real estate investors looking elsewhere for properties. The weak US dollar is also a contributing factor. "The lates
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04/15/2011
