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Real estate experts predict certain cities in Miami-Dade County will see less property-buying demand and price dips as a result of the new law.
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Flow is an American residential real estate company founded in 2022 by Adam Neumann, the former CEO of WeWork. [2] Headquartered in Miami, Florida, [3] the company aims to address aspects of the housing shortage in the United States by incorporating technology, fostering social interaction, and promoting equity for renters.
At the end of 2019, Miami’s average home value was about $346,000. Today, it’s about $580,000. Today, it’s about $580,000. The city’s home prices haven’t fallen.
Within the real estate industry, the term is used by investors to describe the process of buying, rehabbing, and selling properties for profit. In 2017, 207,088 houses or condos were flipped in the US, an 11-year high.
Since then, the company has expanded its portfolio with projects in Brickell, Key Biscayne, Coral Gables, Aventura, Miami Beach, Sunny Isles Beach and Pompano Beach. [6] In 2022, Fortune International Group formed a partnership with Christie’s International Real Estate, becoming the affiliate in Miami-Dade and Broward Counties.
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