A little while ago, a housing analyst was being interviewed about the current state of the residential market and they suggested that the country is in a “housing recession”. Well, needless to say, this got a lot of attention from the media and the public at large — for obvious reasons.
Unique opportunity to purchase two lots side by side in a no flood zone in 24 hour police patrolled Bay Heights. Combined square footage is 30,574.
Beautiful private and gated house on a large 13,500 SF lot nestled on one of the most delightful streets in South Grove. Soaring ceilings and natural sunlight flood the space from dusk to dawn in a tropical setting.
Gone are the days of round-the-block lines for open houses, love letters to sellers, and buyers waiving due diligence with their all-cash offers in South Florida.
The nearly two-year housing boom, fueled by out-of-state migration, low interest rates and few pandemic restrictions, is on hiatus. The “urgency” previously felt by potential buyers has dissipated, brokers say, and when — and if — that will return is unclear.
Nationally, some large brokerages announced major layoffs ahead of a potential recession.
Are we on the verge of another major real estate downturn? Two of America’s most notable real estate economists, Leslie Appleton-Young and John Tuccillo, weigh in with their predictions and the news may be better than most people expect
Live at the prestigious Akoya on Millionaire’s row in one of the finest buildings in Miami, built-in 2004. Enjoy endless water views of the ocean, the Intracoastal and downtown Miami from your wrap-around balcony.