Miami Real Estate

Court Rejects Stay in Wetlands Fight

The case, closely watched by business and environmental groups, stems from a 2020 federal decision to shift permitting authority to the state for wetland projects. TALLAHASSEE, Fla. — Rejecting arguments by Florida and business groups, an appeals court Monday refused to put on hold a U.S. district judge’s ruling in a battle about permitting authority … Read more

Challenge Says Land Law Discriminatory

A lawsuit says a state law restricting property ownership by people from China and six other countries is “based on stereotyped and xenophobic generalizations.” TALLAHASSEE, Fla. — Almost exactly a year after Florida lawmakers and Gov. Ron DeSantis approved a measure to restrict property ownership by people from China and six other countries, housing and … Read more

Florida Looking at Hotter-Than-Average Summer

Florida, particularly South Florida, is looking at a hot summer, meteorologists said. North Florida will see more rain than average. MIAMI – You may want to clean out the kiddie pool and dust off the patio furniture early this year. We’re in for a hot start to summer, according to a national weather outlook released … Read more

See the World’s First Health-Focused Home

MIAMI – A new sugar cube house sits in a slice of Miami called Silver Bluff, a sleepy residential neighborhood between Coral Gables and Coconut Grove. Rising above land on stilts and a roof adorned with solar panels, it stands out in a neighborhood filled with houses surrounded by chain-link fences and pitched rooftops with … Read more

Florida Home Values Skyrocket | Florida Realtors

The average Florida home value doubled in six years. Tampa and Miami tied for having the third-fastest price doubling among large U.S. cities. MIAMI – The national median home price is twice what it was ten years ago. Molded by a storm of inflation, tight supply and surging demand, the average home price in the … Read more

Judge Blocks State’s Wetland Permitting Authority

A U.S. District Court judge ruled against Florida’s Department of Environmental Protection’s attempt to retain authority over wetland permitting TALLAHASSEE, Fla. — In a case closely watched by business and environmental groups, a U.S. district judge Friday finalized his rejection of a 2020 move by the federal government to shift permitting authority to Florida for … Read more

What is PITI in a Mortgage Payment

Many new homeowners don’t realize the monthly payments on fixed-rate mortgages can go up and down depending on PITI – principal, interest, taxes and insurance. MIAMI – If you have a fixed-rate mortgage, your payments will always stay the same, right? Wrong. Maybe you’ve heard the term PITI, which stands for the main components of … Read more

How Can I Protect Against Wire Transfer Scams?

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Since bank wires remain the preferred method of closing escrow on a real estate transaction, the best protection is to be overly cautious. MIAMI – Question: I am buying a house and have been warned about the various scams, especially those involving wires. I spoke with the closing agent, and they will not accept a … Read more

$4B Everglades Restoration Underway | Florida Realtors

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The restoration effort in the Everglades is the largest hydrological restoration project ever undertaken in the U.S and aims to improve the water supply and increase flood protection. MIAMI – When Steve Davis jumped out of the airboat and into the water in the middle of the Everglades, it rose to just below his waist, … Read more

Tips for Breaking Into the High-End Market

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Success in the luxury market isn’t just about confidence and who you know. The best agents understand the market and the industry. NEW YORK – Real estate professionals have their own networking and lead generation strategies, but most believe that they can “will” their luxury market success into being – whether that means following up … Read more