Miami’s real estate landscape in March 2025 saw notable sales declines in key areas while inventory levels continue to climb across the tri-county region. Miami Beach and surrounding barrier islands have been particularly affected, witnessing substantial drops in transaction volume despite modest price appreciation. This evolving market landscape presents both challenges and opportunities for buyers,...
Jorge Pérez, the billionaire developer often referred to as Miami’s “condo king,” has been making headlines recently with candid insights about family business succession and his unwavering confidence in South Florida’s real estate market. In a series of interviews with CNBC and other media outlets, Pérez offered a rare glimpse into how he’s preparing the next generation to take over his real...
The recent Fannie Mae blacklist of condos across Miami adds an additional layer of complexity to the condo market. The inability to secure financing and insurance has led to high levels of inventory. These elevated inventory levels come with increased opportunities and risks. For this reason, clients have been asking us which buildings are on the blacklist. While Fannie Mae’s official list remains...
In the vibrant city of Miami, a quiet storm is brewing in the real estate market. The number of condo buildings on Fannie Mae’s mortgage blacklist has more than doubled in just two years, leaving thousands of owners in a financial bind. This surge is largely due to the financial strain on condo associations, exacerbated by new state safety regulations and skyrocketing insurance premiums. The...
South Florida, long known for its skyrocketing rental prices, is experiencing a shift. Recent March 2025 data reveals a cooling rental market, offering a reprieve for tenants while signaling opportunities for buyers, sellers, and investors alike. The Numbers Tell the Story In Miami, rents for two-bedroom units averaged $3,350 in March, reflecting a 7.7% year-over-year decrease. One-bedroom units...
The U.S. housing market is finally showing some signs of life. After a dismal January, pending home sales rebounded in February, with the National Association of Realtors’ Pending Home Sales Index rising 2.0% to 72.0. This modest increase is a welcome change, but it’s still a long way from normal levels. The South led the way with a robust 6.2% jump, while other regions saw more modest gains or...
Miami’s real estate market is experiencing dynamic shifts in 2025, with notable differences across neighborhoods like Coconut Grove, Coral Gables, Brickell, Downtown Miami, and Miami Beach. While the broader Miami-Dade housing market continues to show resilience, local trends highlight unique opportunities and challenges for buyers, sellers, and investors. Miami-Dade County Overview Miami-Dade...
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