Author: Florida Real Estate News

Miami’s Brickell district, often perceived as saturated with luxury skyscrapers, is set to welcome a new residential project aiming to redefine lifestyle living. The Standard Residences, the second branded residential development in the U.S. by the Hyatt-owned Standard brand, promises a departure from the norm with its focus on smaller, design-driven units, a strong sense of community, and a bold aesthetic. Key Takeaways The Standard Residences in Miami’s Brickell district offers a unique alternative to the area’s typical luxury towers. The project emphasizes smaller, design-forward units, community, and a bold aesthetic, differentiating itself in the market. Amenities include a rooftop…

Florida lawmakers are introducing a series of bills and reforms aimed at reshaping the state’s housing market, with a particular focus on curbing the influence of out-of-state and institutional investors. These legislative efforts seek to address rising housing costs and ensure more opportunities for Florida residents. Key Takeaways New legislation targets multi-national investment companies buying up neighborhoods for rental properties. Proposed reforms include zoning changes and potential property tax adjustments for investment properties. The goal is to level the playing field for Floridians and prevent future housing price spikes. Addressing Investor Dominance House Bill 401, filed by State Rep. Berny…

Tampa Bay area property assessments are showing signs of stabilization, with minimal increases expected for 2025. This shift, driven by factors like high interest rates, rising insurance costs, and hurricane damage, may limit the revenue growth local governments have relied upon in recent years. Property owners are advised to review their notices carefully. Key Takeaways Residential property assessments in Tampa Bay are stabilizing, with little significant increase anticipated for 2025. Factors contributing to this stabilization include high interest rates, increased insurance costs, and hurricane-related damage. Local governments may see reduced reliance on substantial property tax revenue increases. The Property Appraiser’s…

Florida’s housing market is undergoing a significant transformation, shifting from a seller’s market to one that increasingly favors buyers. This change is driven by a combination of rising home inventory, easing prices, and a slight decrease in mortgage interest rates, offering a more favorable environment for prospective homeowners after years of escalating costs. Key Takeaways Buyer’s Market Emerges: South Florida and the broader state are experiencing a shift towards a buyer’s market, characterized by increased inventory and longer selling times. Inventory Growth: The number of homes available for sale has risen, providing buyers with more choices and reducing competition. Price…

The single-family waterfront real estate market in Northeast Broward County is showing signs of stabilization as October 2025 approaches. After a period of fluctuation, inventory levels have returned to pre-pandemic norms, signaling a balanced market for both buyers and sellers. While sales volume is still recovering, median sale prices are experiencing a slight upward trend, with expectations of returning to normal appreciation rates. Key Takeaways Inventory for single-family ocean access homes is slightly below normal at 9.7 months of supply. Sales volume is gradually recovering but remains below pre-pandemic averages. Median sale prices are trending upward, with expectations of 4-6%…

Coldwell Banker Realty has appointed Tracey Royal to the newly established national role of Manager of Learning and Development. This strategic move leverages Royal’s extensive 30-year career in the real estate industry, including her recent impactful tenure as Vice President of Agent Development for Coldwell Banker’s Chicago City Region. Key Takeaways Tracey Royal appointed National Manager of Learning and Development at Coldwell Banker Realty. Royal brings 30 years of industry experience, including leadership in agent development. The appointment aims to empower agents and enhance their production capabilities. A New Chapter in Agent Empowerment Tracey Royal’s appointment marks a significant step…

As Miami’s prime neighborhoods like Coral Gables and Coconut Grove see escalating prices, Glenvar Heights is emerging as a highly desirable residential area. This enclave is recognized for its generous lot sizes and tranquil, established streets, offering a unique combination of space, privacy, and convenient city access. It presents a compelling alternative for buyers seeking both lifestyle and enduring value. Key Takeaways Glenvar Heights offers large lots and luxury homes, often overlooked by buyers focused on more prominent Miami neighborhoods. Its strategic location provides quick access to Coral Gables and Brickell, often faster than from southern Pinecrest or parts of…

As 2020 draws to a close, the Tampa real estate market is showing strong signs of continued growth and investment potential for 2021. Homeowners who have held onto their properties for over a decade are seeing significant returns, with some doubling their initial investment. This trend highlights real estate’s enduring value as a sound long-term investment strategy. Key Takeaways Real estate is considered a low-risk investment with a hedge against inflation. Rental income, including Airbnb-style approaches, offers profit potential. Long-term appreciation is a natural benefit of property ownership. The market is accessible even for novice investors. Investment Outlook for 2021…

South Florida is emerging as the epicenter of housing market weakness in the United States, experiencing the steepest declines in pending home sales among major U.S. metro areas. This downturn follows a period of rapid price appreciation during the pandemic, leading to concerns about a prolonged bubble deflation. Key Takeaways Pending home sales in Miami, Fort Lauderdale, and West Palm Beach saw significant drops in April compared to the previous year. Homes are staying on the market considerably longer in South Florida than the national average. Median home sale prices across Florida have fallen year-over-year, with a notable percentage of…

A federal government shutdown is casting a shadow over Florida’s vibrant real estate sector, threatening to delay or freeze home sales, particularly for properties in flood zones. The disruption stems from the inability of the National Flood Insurance Program (NFIP) to issue new policies or renew existing ones, a critical requirement for mortgage lenders in flood-prone areas. Key Takeaways The federal government shutdown is impacting Florida’s housing market by halting the National Flood Insurance Program (NFIP). Properties in flood zones requiring flood insurance are facing delays or cancellations of sales as new policies cannot be issued. While existing policies are…