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The sky appears to be the limit for South Florida luxury residential real estate. Billions of dollars in luxury condominium towers are in the pre-sales, planning and construction pipeline. March ...
In a new study, Realtor.com forecasted the American real estate and housing market of 2025 and predicted the 100 markets in America for the coming year. After crunching a complex series of numbers ...
Across the South, closed sales declined 4.1% over the past month and 14.6% over the past year, reflecting the effects of low inventory and the highest mortgage rates in a generation, National ...
All of these are evident in South Florida’s current housing market. “South Florida is experiencing a housing bubble,” Alyssa Soto Brody, a real estate broker and co-founder of Miami- and New ...
In the 1920s, Florida was in the midst of high real estate activity, where the state saw inflated real estate values and many coming into the state eager for profits. The market for real estate reached a peak in 1925, with the 1926 Miami hurricane and Wall Street Crash of 1929 forcing little development in the state and a land bust. [6]
A $9.7 million Martin County home with 5 bedrooms and 6½ bathrooms was the most expensive sold in October. See photos of other top home sales.
The boom, however, ended abruptly around 2008 when the real estate market crashed and the late-2000s recession began. By 2011 the market began to return, with new office and condominium projects such as Brickell House announced for construction beginning in 2012. [5] This was followed by a second boom that is currently active as of January 2019.
The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 and attracted investors from all over the nation. [1]