Homeowner Flood Insurance Affordability Act Passes Senate

The U.S. Senate passed legislation that would delay flood insurance increases on properties whose rates were set to increase once they were sold, that had their flood zones changed when the maps were updated, or that were previously grandfathered in. Although the House is unlikely to approve the four year delay, they are working on […]

Buying, Selling
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How's The Miami Real Estate Market?

I get asked this question all of the time and my current answer is hot, at least for now. People from all over the world have taken an interest in Miami. The addition of our cultural component, as illustrated by the success of Art Basel Miami and the accolades coming in for PAMM, has catapulted […]

Selling
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Multifamily Properties Are Still The Commercial Properties In Highest Demand

With South Florida rentals in high demand, increasing rents, and available rentals low, investors are searching for multifamily properties. According to LoopNet, 9 out of the Top 10 Most Popular South Florida Properties were multifamily. Here are some multifamily properties for sale in Miami areas with high rent demand.

Buying, Investment Real Estate, Selling
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More Changes To Affect The Florida Real Estate Market In 2014

On December 20 I wrote a post about some changes to federal laws that may affect Miami’s real estate market in 2014.  I neglected to include two more (well one is a Florida State Law, but I will include it here anyway).  The first one I thought would be extended by now, but since we […]

Buying, Foreclosures, Selling
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The New Year Will Bring Several Changes That Will Affect The Real Estate Market

The Federal Reserve announced on Wednesday that starting January it will begin scaling back its bond purchase program from $85 billion per month to $75 billion per month. 2012’s Biggert-Waters Flood Insurance Reform Act, if not modified, will continue to affect owners of older homes who have subsidized flood insurance.  A 25% increase in insurance is […]

Buying, Selling
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Another Great Week At EWM’s Coral Gables Office – $29 Million In Real Estate Transactions

Total sales (24) still outnumbered total new listings (11), which is to be expected in the middle of the holiday season.  Buyers are still out in full force and are purchasing in all price ranges.  The highest sale in our office was the home pictured below.  It sold for $7,030,000 and was listed by EWM.

Buying, Luxury Real Estate, Selling
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Another Great Week At EWM's Coral Gables Office – $29 Million In Real Estate Transactions

Total sales (24) still outnumbered total new listings (11), which is to be expected in the middle of the holiday season.  Buyers are still out in full force and are purchasing in all price ranges.  The highest sale in our office was the home pictured below.  It sold for $7,030,000 and was listed by EWM.

Buying, Luxury Real Estate, Selling
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Florida Foreclosure Starts Down 18.02% Month-To-Month

Realty Trac’s November Foreclosure Market Report shows that foreclosure start in Florida dropped 18.02% from the previous month and a whopping 45.9% drop year-over-year; completions were down 2.72% month-to-month and 15.59% from previous year; and overall foreclosure activity was down 15% and 23% respectively. These decreases show that the foreclosure crisis is almost over, but the Florida still […]

Buying, Foreclosures, Luxury Real Estate, Neighborhood News, Pinecrest, Selling
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South Florida Real Estate Fall Market Update

Our Coral Gables office had another great week with over $15 million in sales. Out of our 17 sales, four went for asking price and two went over asking. There were 17 new listings. For an overall market update, check out our video.

Buying, Selling
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Miami Real Estate Update: EWM’s Coral Gables Office Sold Over $50 Million This Week!

Our office had another incredible week, with a total of $50,208,640 in real estate sales.  The bulk of that was for a vacant 1.74 acre lot at 301 SW 8 Street.  It closed for $20 million.  We also had several residential sales over $3 million.  Overall, the number of sales were twice as many as new listings.  We had 30 residential […]

Buying, Market Summary, Selling
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