Miami Real Estate

Florida Home to Hottest Luxury ZIP Codes

Areas that include Longboat Key, Boca Raton and Inlet Beach near Destin have seen luxury-market growth in the last year. TAMPA, Fla. — Affordability and supply concerns have hindered the housing market, but the luxury sector has grown significantly and is poised for another strong year. The Business Journals’ Hottest Housing ZIP codes near Cape … Read more

Rising Demand for Private Marinas in Luxury Markets

As boating grows in popularity, luxury homebuyers are seeking private marinas for convenience and safety. Developers are meeting the demand. MIAMI — As boating increases in popularity, a growing number of buyers are seeking private marinas at their luxury homes for convenience and safety. Private marinas provide flexibility for homeowners for unplanned outings and add … Read more

Honoring Moe Veissi | Florida Realtors

Florida Realtors is deeply saddened to announce 2002 Florida Realtors President Maurice J. “Moe” Veissi died. He was 78. ORLANDO, Fla. — With a heavy heart, we announce the recent passing of 2002 Florida Realtors® President Maurice J. “Moe” Veissi, 78, founder and broker-owner of Veissi & Associates Inc. in Miami. Often affectionately referred to … Read more

U.S. Homes Hit Record for Extra Bedrooms

The trend in increasing number of excess bedrooms is driven by both declining household sizes and by an increase in the number of bedrooms per home. SANTA CLARA, Calif. — Although your home might feel tight this holiday season, nationally, the number of extra bedrooms, defined as a bedroom that is in excess of the … Read more

Florida Housing Markets Poised for 2025 Growth

Florida housing markets are set for 2025 growth with affordable homes, new construction and their appeal to younger, diverse buyers, Realtor.com said. SANTA CLARA, Calif. — Nine metro areas in Florida rank among the top 100 U.S., housing markets that are primed and ready for growth in 2025, standing out for their affordability, inventory gains driven … Read more

Insurance Market Back ‘From Brink of Collapse’

A Citizens Property Insurance official said reforms passed by the Legislature are continuing to stabilize the market and depopulation efforts are progressing.   TALLAHASSEE, Fla. — Changes to Florida laws — including a provision making it harder for policyholders to sue insurance companies — are working as intended to help bring the state’s property-insurance market … Read more

U.S. Home Prices Rise 4.3% YoY in Q3 2024

House prices rose as demand outpaced supply, but elevated prices and mortgage rates slowed growth. WASHINGTON  – U.S. home prices rose 4.3% between the third quarter of 2023 and the third quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI). House prices were up 0.7% compared to the … Read more

Redfin: U.S. Home Prices Rose 0.5% in October

On a year-over-year basis, home prices rose 5.9%, which is the smallest annual increase since December. Buyer demand is coming back. SEATTLE — U.S. home prices grew 0.5% from a month earlier in October on a seasonally adjusted basis, matching September’s increase, according to a new report from the real estate brokerage Redfin. On a … Read more

Redfin: Big Jump in Existing Home Sales

October existing home sales rose 1.6% month over month and are on track to finish this year higher than last year. SEATTLE — Existing home sales rose 1.6% month over month in October — the biggest gain since January 2022 — to a seasonally adjusted annual rate of 4,179,346, according to a new report from … Read more

Rising Rates Haven’t Slowed Pending Sales

Pending home sales posted their biggest increase since 2021 recently, but some house hunters are starting to pull back, Redfin said. SEATTLE – Pending U.S. home sales rose 3.2% year over year during the four weeks ending October 13, the biggest increase in three years, according to a new report from the real estate brokerage … Read more