Price Rising Trend Now Slowing for South Florida and Other Metro Cities
by Sep Niakan | April 14, 2015
According to RealtyTrac’s studies on South Florida, the rise of home prices are beginning to slow down.
The markets of Miami, Fort Lauderdale, and Pompano Beach experienced a 10% rise in home prices in February, compared to last year. The rise was twice that much at 20% the year before.
However, that same pattern is being imitated around the United States. New York, Los Angeles, Chicago, and Washington D.C. are reporting the same patterns. On the contrary though, reports in those other areas say that the slowing is desirable.
“We actually see this as a good thing,” O.B. Jacobi, president of Windermere Real Estate said, “Because if home prices were to continue appreciating in the double digits for too long, we could run into the same boom/bust market of years past.”
The RealtyTrac report also estimates increases of less than 10% in the next few years for these same markets.
by Sep Niakan | September 27, 2016
Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...
by Sep Niakan | September 26, 2016
Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...
by Sep Niakan | September 23, 2016
The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...