The Hidden Costs of Title Insurance

The Hidden Costs of Title Insurance Buying a home is a dream come true for many, but it comes with a hefty price tag. Beyond the cost of the home itself, there are several additional expenses that can take you by surprise. Today, we're diving into one of the biggest—and often least understood—costs of buying a home: title insurance. Let's explore what it is, why you need it, and why it's such a significant expense So, what exactly is title…

Florida Condo Crisis: New Law Threatens Real Estate Market?

Florida Condo Crisis: New Law Threatens Real Estate Market?

Florida Condo Crisis: New Law Threatens Real Estate Market? Today, we're diving into a critical issue that's making waves in Florida's real estate market—specifically, the escalating condo crisis that could reshape the state's housing landscape and potentially affect markets nationwide. This situation stems from new regulations that have been introduced to ensure the safety and integrity of aging condominium buildings. However, these regulations may have far-reaching consequences that could leave many residents and property owners in a precarious position. Let's…

Population of Miami is dropping

Population of Miami is dropping. More people are leaving than arriving

Population of Miami is dropping. More people are leaving than arriving. Are you ready for a surprising and unexpected news? According to recent article in Wall Street Journal the population of Miami is dropping - more people are leaving Miami than moving in. It happens because of increased housing costs and reduced opportunities for low-skilled employees. Between 2020 and 2022, according to U.S. Census, the population of Miami-Dade county reduced by around 80,000 people. Some went to other places in…

Title: Reviving Empty Offices: Transforming Unused Space into Urban Farms and Homes

Reviving Empty Offices: Transforming Unused Space into Urban Farms and Homes

Reviving Empty Offices: Transforming Unused Space into Urban Farms and Homes Because of the pandemic, lots of people started working from home, right? So, what happened to the offices they used to work at? They've ended up being left empty, a lot of them. They do not produce any income. Owners of these spaces are having a tough time too. They're finding it difficult to get money to keep their properties or to build new ones. Some buildings are even…

the rise of Miami

The Rise of Miami: From Sunshine Haven to Technology Mecca

The Rise of Miami: From Sunshine Haven to Technology Mecca Looking ahead, South Florida, and particularly Miami, is a region that has captured significant attention, especially after the pandemic. As people left crowded cities like San Francisco, New York, and Chicago during the health crisis, many sought refuge in the sunny and vibrant cities of Florida, like Miami, Fort Lauderdale, Tampa, and Orlando. But the experts say that in the next few years, a lot of them might move back…

Understanding Florida’s Housing Market: A Focus on Miami

Understanding Florida's Housing Market: A Focus on Miami Florida's housing market, especially in Miami, has drawn attention due to its unique features and impact on the state's economy. To grasp a complete picture, it's important to examine different housing price indexes. Let's explore the Case-Shiller and FHFA indexes to understand Florida's real estate scene. In April, the Case-Shiller index showed a drop in home prices for the first time in 11 years. This happened because mortgage rates became higher, making…

Public, Charter, and Private Schools in South Florida

Why good schools are in expensive areas Education in the USA is organized into various levels, similar to systems in other countries, although there may be slight variations between states. Let's break it down:Nursing School or Pre-kindergarten: This is the first stage of education, typically for young children before kindergarten. It helps prepare them for formal schooling.K-12 Education: This block covers children from the age of 5 onwards and consists of three main levels:Elementary School: This includes Kindergarten (for the…

Plaza of the Americas

Plaza of Americas, Sunny Isles Beach, FL

PLAZA OF THE AMERICAS Community Overview Plaza of Americas Building 4 - 17021  N Bay Road Building 3 - 17011   N Bay Road Building 2 - 16919  N Bay Road Building 1  - 16909 N Bay Road Plaza of Americas community consists of 4 condominium building built in 1979. The community has 830 residential units across the four building. Each building has a pool, community center, and plenty of green space.  The community is conveniently located across the street from…

Key Biscayne, FL

Key Biscayne, FL BIG DATA REALTY Real Estate Report September 8th, 2022 Inventory Report Miami-Dade, FL As is in many other areas in South Florida, inventories are increasing, and asking prices are stabilizing in Miami-Dade County for single-family homes segment. While prices of sold properties are still historically high, today is a good opportunity to list a property. Inventories for condo and townhomes are also increasing from the low levels, but at slower pace than for single family homes. The…

Coral Ridge, Fort Lauderdale, FL

Coral Ridge Fort Lauderdale, FL VERA REALTY Real Estate Report September 1st, 2022 Coral Ridge Inventory Report Coral Ridge community demonstrates accumulation of the number of available properties for sale. The biggest increase is in the properties located on dry lots. Some of the listed properties already received price cuts. Number of pending properties is elevated, demonstrating robust buyer demand in the community. Average price for waterfront property with open ocean access  is $5.6 Million, and for a property with…