rents continue to rise with steady demand

One of the questions we get frequently is some variation of…”Housing prices dropped so much - I should be able to get a bargain on a rental, right?”.  Well, depends on what you call a bargain, but when you consider the cost of owning a condo (adding real estate taxes and assessments on top of a mortgage), rental prices in Miami still look relatively attractive.  Rents across the U.S. have continued to rise, based on increasing demand, and will probably... Read More

Landlords are getting 97% of asking price

Landlords are getting an average of 97% of list price for rentals in Miami-Dade, according to the latest data for 4th Quarter 2011.  Renters face an increasingly-competitive market in core neighborhoods, with rental listings commonly attracting multiple offers.  In the rental market above $1800 per month, almost half of that inventory is achieving rental rates in excess of $2500 per month, which highlights a continued increase in rents, and an acceptance toward more... Read More

Survey says driving in Miami is scary but the people are hot

Miami has about the hottest, most-stylish people in the country, and it doesn’t get much better if you’re looking for a hot singles scene or a wild weekend…..that’s assuming you survive the drive in from the airport.  That just about sums up the opinion of roughly 40,000 people who responded to Travel & Leisure’s annual survey of 35 U.S. cities.  Miami ranks dead last in “driving ability” – worse than New York City and... Read More