While a growing number of would-be renters have been made aware of Craigslist scams where properties are listed for lease by persons who do not own them, those wishing to find a suitable vacation rental property need to be extra cautious during the prime Miami tourist season. The Real Deal reports that more than a
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The Wall Street Journal has called an end to the distressed condo market in Miami. In a November article, the newspaper explained that the over 500 foreclosed condo units in the Midtown Miami project were recently sold for around $110 million. During the recession’s dark days, foreclosed condo projects like these had been selling for
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The Brickell area of Miami is a great example of the reinvention of an urban area. Those who have frequented the Miami area for years have known that Miami Beach has always been the primary focus of Miami area development. In the 1970s, the great hotels on Collins Avenue were the main attraction for many
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The Wall Street Journal has called an end to the distressed condo market in Miami. In a November article, the newspaper explained that the over 500 foreclosed condo units in the Midtown Miami project were recently sold for around $110 million. During the recession’s dark days, foreclosed condo projects like these had been selling for
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Why have there only been an average of less than 50 new daily vacation rental listings on Miami craigslist so far in July of 2011? The answer is that many municipalities have totally or partially banned vacation rentals in the past three years. There is a tug of war between resident homeowners and those who
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The words “the Miami market is hot” when applied to real estate may seem like a distant memory. However, the Miami rental market can today be described in exactly those terms. A recent May 2011 Businessweek article states that “home prices may have plummeted in Miami, but the rising cost to rent has become an
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Known as the city of hot sunny days, hot beaches, and fun fun fun, Miami is located near the southeast tip of the state of Florida directly on the Atlantic Ocean. With less than half a million residents within its city borders, but over 5.5 million residents within the Miami metropolitan area, Miami, FL is
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Who doesn’t want to live in Miami!!! With hot sunny days, great beaches, lots of outdoor activities, and no sales tax, Miami, Florida is a magnet for retirees and northerners tired of those long cold winters. Add a vibrant international economy and culture and it is understandable why Miami and the Miami Real Estate for
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Even endless sun and sandy beaches couldn’t save Miami real estate from the effects of the housing market downtown. Sales prices of Miami homes have plummeted 46.3% in five years, according to Trulia data. But listing prices have been inching up a little lately, giving some indication that prices won’t continue to drown forever. According
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Miami single home prices are expected to fall over the next two years. David Lynn, a well known National Real Estate Investor columnist said on July 5, 2011, “for example, despite experiencing significant declines in home prices, Miami is still considered more affordable to rent in our analysis. We estimate that the cost to buy
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