National Association of Realtors economist Lawrence Yun says the housing recession is over. NAR data released Thursday showed pending home sales rose 0.3% in June compared to May. "The presence of multiple offers implies that housing demand is not being satisfied due to lack of supply." Thanks for signing up! Access your favorite topics in […]
Home prices aren’t falling as buyers accept the new normal of 7% mortgage rates, Compass CEO says
Homebuyers see 7% mortgage rates as the "new normal," Compass CEO Robert Reffkin said. Reffkin pointed to signs of resilient demand such as increased purchase activity. Prices are unlikely to ease until mortgage rates pull back to the 5% range, he previously predicted. Thanks for signing up! Access your favorite topics in a personalized feed […]
Real estate expert: Mortgage rates won’t go back down to 3% ‘in my lifetime’—here’s why
If you’re a U.S. homebuyer waiting for a return to super-low mortgage rates, don’t hold your breath. The short-lived era of 3% interest rates for 30-year fixed mortgages is over, and unlikely to return anytime soon — perhaps for decades — says Lawrence Yun, chief economist at the National Association of Realtors. "One can never […]
22-Story 72nd & Park Around Halfway Up In North Beach
In North Beach, the shell of the under-construction 72nd & Park tower is now nearly half complete. 72nd & Park is planned to include 270 residential units, of which 121 will be micro-units, according to a school concurrency agreement recorded in September 2022. Around 12,000 square feet of retail is also planned, along with a […]
Brace for a short drop in house prices before dwindling supply drives the market back up, analyst says
Home prices will fall for a brief period before trending higher, according to Black Knight analyst Andy Walden. That’s because housing stock levels are plunging, recently falling to their lowest level since April 2022. “Even with demand suppressed, I think you’re going to continue to see prices firm up and trend higher,” Walden told CNBC. […]
Two ‘Architecturally Spectacular’ Brickell Key Towers Announced, Including New Mandarin Oriental
Swire Properties has unveiled plans for a two-tower project on Brickell Key called One Island Drive. The towers will be “architecturally spectacular,” designed by Kohn Pedersen Fox Associates, Swire said. The taller tower will be called The Residences at Mandarin Oriental, Miami and rise over 800 feet, with 220 residential units. The second tower will […]
Best Spas In Miami 2023
South Florida is one of the best places in the nation (and the world) for people who want to live an elevated life of luxury and excitement. From their world-class dining to their vibrant nightclubs and famous beaches, there is something to love about Miami year-round. If you’re looking for a more relaxing and low-key […]
Twenty Nine Indian Creek Coming To Miami Beach
Miami Beach Debuts A New Luxury Development By: Sophia Lalaounis | May 3, 2023 | real estate Local LEADING DEVELOPMENT FIRM JMH DEVELOPMENT ANNOUNCES THE LAUNCH OF LUXURY BOUTIQUE RESIDENCE TWENTY-NINE INDIAN CREEK, REVITALIZING THE ICONIC ART DECO DESIGN. As the Miami skyline continues to soar, JMH Development is redefining luxury living with its newest […]
First Look At Julia and Henry’s, Opening This Week!
Julia & Henry’s is ready to open to the public It will be one of the largest concentrations of award-winning chefs in the nation, the report said. A total of 26 different food and beverage venues will be spread over seven levels. The complex is opening in downtown Miami’s historic Walgreens building, which was built […]
Okeydokey Miami, Not Your Typical Food Hall
Okeydokey Miami is not your typical food hall. It offers a unique dining experience with fast casual and full waiter service on two floors, a cozy lounge area with couches next to one of three bars, and soon-to-be-opened entertainment lounge on the third floor. The selection of eateries at Okeydokey Miami was carefully curated, featuring […]
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