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REAL ESTATE

Single women own more homes in Miami and Tampa than in most cities across the US

(AP Photo/Wilfredo Lee)MIAMI – In many major metropolitan cities across America, single women are outpacing single men when it comes to homeownership — and two Florida cities rank supreme. In total, this translates to single women in Tampa owning 132,500 homes. 5 on the list, with single women owning 15.88% of all homes in the city compared to single men, who own 10.18% of all households. AdAlthough women in the U.S. make an average of 81 cents for every dollar men earn, the study finds single women own nearly 1.6 million more homes than single men do in America’s 50 largest metros. Single women own about 5.2 million homes, while single men own roughly 3.6 million homes.

The tallest residential building south of New York City is coming to Miami

DOWNTOWN MIAMI, Fla. – Miami’s skyline seems to resemble those of major metropolitan cities like New York and Chicago more and more each year, and now, it’s about to include the tallest building south of The Big Apple itself. Five-star hotel brand Waldorf Astoria is coming to The Magic City in the foreseeable future, marking the debut of Waldorf Astoria in the Miami market. Located at 300 Biscayne Boulevard, the Waldorf Astoria Residences Miami will rise 100 stories and 1,049 feet above Biscayne Bay as the tallest residential building south of New York City. Waldorf Astoria Residences Miami (Courtesy of ArX Solutions)The tower will consist of 360 private residences, as well as 205 guestrooms and suites within the five-star hotel. Ad“The unique nature of this project largely comes from not only creating an iconic building, but a distinguished sculpture that would permanently alter Miami’s skyline with height and design never seen before,” says Ott.

Home buyers and sellers moving away from traditional real estate transactions

Roy Oppenheim, a real estate attorney in Weston, said that currently 11-15% of real estate transactions don’t involve a realtor. Oppenheim said there’s also pressure on traditional real estate commissions. “There’s a tone of work that you’re going to need advice on, and you’re going to do a lot more work also,” he said. AdWhile the Tuccello’s bought their new home without a real estate agent, they did use one to sell their existing home. Data from the National Association of Realtors shows that there are currently more licensed real estate agents than there are homes on the market, which means even fewer opportunities for those in the industry.

Florida ranch goes on sale for the first time in over 100 years for $140 million

OSCEOLA COUNTY, Fla. – For over 100 years, Green Island Ranch in Central Florida has been owned by the Partin family. According to SVN Saunders Ralston Dantzler Real Estate, Green Island Ranch, located in St. However, the massive property is more than just a real estate opportunity for investors — it’s also a historical landmark in Florida’s history. Since then, the working ranch has been in the Partin family’s ownership and, at one time, was the largest ranch east of the Mississippi at 60,000 acres. AdFurther adding to the ranch’s historical significance, the real estate company states the Partin family introduced Brahman cattle and quarterhorses to the state of Florida.

Study shows Miami is the fifth least affordable large city to buy a home

However, when it comes to purchasing real estate in Miami, homebuyers may not be as fortunate. In AdvisorSmith’s most recent study, “Most and Least Affordable Cities for Homebuyers,” they examined 592 metropolitan areas in the U.S. to find the top 10 small, midsize, and large cities that have the most and least affordable housing markets for homebuyers. According to their findings, Miami is the fifth least affordable large city to buy a home. Their research shows that the price-to-income multiple in Miami, is 8.7, while the average price-to-income ratio was 4.8 nationwide. Furthermore, the average home price in Miami is currently $372,335, while the median household income is $42,966.

It’s now cheaper to rent in Miami than in Fort Lauderdale

According to the latest nation rent report by Zumper, Miami’s median rent from January 2020 to January 2021 decreased by a whopping 9.1%, while Fort Lauderdale’s median rent rose by 3%. Currently, Miami’s average rent is $1,600 per month for a one-bedroom unit, versus $1,690 in Fort Lauderdale for the same unit. However, despite this major shift, Miami and Fort Lauderdale are still among the top 15 most expensive cities for rent, according to the report. Fort Lauderdale ranked as the 11th most expensive, while Miami is in the 13th spot. AdAlso notable on the list was the fact that Seattle ($1,560 per month), Chicago ($1,540 per month), and Atlanta ($1,480 per month), are all currently cheaper than Miami and Fort Lauderdale.

Eviction moratorium hurts Miami property owner dealing with squatters flashing fake lease

Instead, she said there are squatters with a fraudulent lease, and the coronavirus pandemic’s eviction moratorium is protecting them. “I am a landlord and I don’t have any rights,” Guerrero said. Guerrero said the situation with the squatters is affecting her health because she is so stressed. Miami-Dade Mayor Daniella Levine-Cava is reviewing her predecessor’s moratorium to consider cases like Guerrero’s, a county spokesperson said. The federal eviction moratorium was extended until Jan. 31.

South Florida real estate market booms, thanks in part to COVID-19

MIAMI – While the pandemic has had a negative impact on many areas of the economy, home sales in South Florida are doing better than even a year ago before COVID-19 became a concern. According to the Miami Association of Realtors, Broward total sales for both single-family homes and condos were up more than 14% between September 2019 and September 2020. Before COVID we already had a strong presence from those from the Northeast coming down and South American coming up and COVID has just accelerated that trend,” said Jorge Guerra, director of the Miami Association of Realtors. Guerra said U.S. citizens are coming to South Florida to flee high tax states and South Americans are looking for government stability. He said properties are selling quickly and distressed sales remain low, which he said are signs of a healthy market.

South Florida real estate market shifts from focusing on condos to single family homes

Not long ago, condos were the hot item in the South Florida housing market. Soberon just moved to South Florida from Downtown Dallas, where he realized he was spending over $1,000 a month on condo fees for amenities he couldn’t use. “We just put in an offer on a house and there were four other offers.”In Miami, single family home sales are up almost 17%. Throughout Florida, the inventory of single family homes is down almost 36% from last year with just over a two month supply. “There’s not as much inventory as we would usually have, and we have more people looking,” Goldberg said.

Evictions more likely to affect Black tenants in Miramar, Pompano Beach, researchers say

MIAMI Evictions are more likely to affect Black tenants in South Florida during the coronavirus pandemic, researchers say. The evictions are more likely to happen in Miramar, Pompano Beach, Hollywood, Miami Gardens and Fort Lauderdale. An analysis by the Center for Public Integrity, a nonprofit investigative journalism organization, concluded U.S. evictions filed from March 27 to July 10 are disproportionately impacting Black tenants. The Eviction Lab at Princeton University ranked the South Florida cities as having had the highest rate of evictions in the state. CPI researchers also found Tzadik Management, a real estate and property management company at 11098 Biscayne Blvd., near Miami Shores, is the landlord that has filed the most evictions in Florida.

‘Golden Girls’ house for sale, but it isn’t in Miami

MIAMI, Fla. – Almost 35 years ago, we were invited into Blanche Devereaux’s house in Miami for seven TV seasons, where she and the other “Golden Girls” lived. It’s the first time ever the “Golden Girls” home has been up for sale. The inside of the real Brentwood residence was private and is being revealed for the first time in 65 years. “Architecture, location and a slice of Hollywood history.”But, wait, didn’t you visit The Golden Girls house at Walt Disney World’s Hollywood Studios in Orlando? See the house’s for sale listing.

Hard times hitting home? Here are ways to avoid foreclosure amid pandemic

As soon as you realize you might have trouble making your mortgage payments, you’ll want to get in touch with your lender. You do not want to wait until you can’t pay your bills to contact your lender. If foreclosure is something you fear you might face, the following are options you may have available to you. Mortgage forbearanceAccording to USA.gov, federally backed home loans can get six months of mortgage help, and Federal Housing Administration reverse mortgages are eligible, as well. There are many options available to you, but the bottom line is: Contact your lender, and do not wait until it’s too late.

US existing home sales plunge 17.8% in April

The Commerce Department reported Thursday, April 23, that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February. (AP Photo/Keith Srakocic)WASHINGTON Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The sales drop was the largest one-month decline since a 22.5% fall in July 2010. That tail-off was preceded by the end a congressionally approved tax credit intended pull the housing market out of the 2006 collapse of the housing market. Sales were down in all parts of the country with the West seeing a 25% drop.

Ready to tackle home improvement projects now that you finally have some time? 5 tips

More time at home has turned into more of an opportunity to do various home improvement projects, although that sometimes can be dangerous. Scott Frankel, co-president of Frankel Building Group in Texas, offered five tips for those who are currently attempting or about to start home renovation projects while quarantined. They aren’t things that are going to necessarily wow your neighbor, but they need to be done.”Don’t bring in outside workers. It’s a real easy way to throw your back out or slip off of a ladder.”Clean out items you don’t need anymore. “When you go to a professional and you say that this is what you want to do, your ideas are organized,” Frankel said.

One of the biggest and luxurious properties in Broward County goes up for auction

SOUTHWEST RANCHES, Fla. – Dubbed "The Pancake House" because the owners are involved in IHOP, but it could be yours if you have stacks of cash. The 7.5 acres, 11 bedroom/15 bathroom home in Southwest Ranches, is up for auction to the highest bidder. The estate has a colonial feel to it and features a yoga room, a massive bar, bowling alley, and a movie theatre room. "It's just a great opportunity for somebody who wasn't quite ready to pull the trigger that might now have an opportunity to get a deal. That's why anybody goes to an auction, to raise the paddle and say, 'I'm ready to buy, and I want to get it cheaper than anybody else,'" says real estate agent Mark Kaminsky.