Foreign Tourists make Miami a hotspot
Consider the latest statistics from the U.S. Office of Travel and Tourism: Miami ranks #3 among US cities for foreign tourism (behind NYC and LA) Miami gets 3x the number of foreign tourists that Chicago, IL gets annually Miami hosted about 3.1 million overseas tourists during 2010 Florida gets more overseas travelers than California Read More
Miami’s housing-price bubble – in one easy chart
Recently released data from the Federal Housing Finance Agency shows that residential prices in South Florida shot up almost 300%, from early 2000 to the peak of the bubble. The good news – housing prices in South Florida appear to have stablized to pre-bubble levels of 2003. Rental prices in Miami continued to rise due to rising demand, and virtually no new inventory. Rental increases vary from building-to-building, and location, but the most recent lease-data... Read More
Paola Figueiredo – Brickell Agent
Paola Figueiredo Paola Figueiredo has leased condos in every major building from Brickell to Midtown, specializing in unique rentals in Coral Gables / Coconut Grove, Brickell, Downtown Miami, and Midtown. Paola, a native of Sao Paolo, Brazil started her real estate career in Miami selling luxury condos in Aventura, and later did condo conversions locally with Prodigy International. Paolo has worked with buyers from around the world, including many Brazilian... Read More
Florida has highest number of foreign homebuyers in the U.S.
Florida Ranks #1 According to a recent study by Credit Sesame and the National Association of Realtors, Florida has the highest number of foreign homebuyers in the U.S. A whopping 31% of all foreign homebuyers bought in Florida during 2009, which is notable given the populations of California and Texas. Here are the top four states for foreign homebuyers in 2009, by percentage of total sales: Florida – 31% California – 12% Texas – 9% Arizona –... Read More
Furnished 2BR / 2BA in Midtown – $2400/mo
Living Room / Kitchen Furnished 2BR / 2 BA in Midtown, overlooking the Venetian Islands, Miami Beach and Downtown. $2400/mo incl. parking, wifi and cable. Wraparound balcony with panoramic SE views. Call Paola Figueiredo 786-444-1897 Read More
Furnished 2BR / 2BA on the Ocean – $3500/mo
Living Room Furnished 2BR/2BA with huge private terrace overlooking the Ocean. $3500/mo, incl. parking, wifi and cable included. Call Elizabeth Lao 954-270-3718. Read More Read More
Credit Reports and your rental history
Major property managers and apartment companies are beginning to report rental payment histories to the three largest credit agencies, according to an article in the New York Times. Given that Miami’s rental market is dominated by private owners, it seems unlikely that local renters will see payment histories on their credit reports anytime soon, because private owners have no efficient way of reporting the data. Read More
Genting Development could raise the bar for new condo buildings
Aqua - Chicago The renderings for Genting’s proposed casino on the existing Miami Herald site show an organic, sculptural series of highrises that could raise the bar for new residential buildings in Miami. The most recent building boom in Miami brought dozens of new residential highrises online, but surprisingly few of them showed great imagination in form and facade. The Genting buildings remind us of Aqua in Chicago – an interesting highrise in Lakeshore... Read More
