REAL ESTATE

Two identical brothers in Southwest Ranches are making real estate history a family affair.

Look through photos of the most expensive homes listed for sale in the US. From acres of farmland to beachfront views, the amenities are endless.

Major layoffs are coming to some of the nation's largest real estate companies.

A study released Tuesday by researchers at Florida Atlantic University and Florida International University finds that 15 housing markets in the U.S., including one in Florida, are overvalued by 50 percent or more and poised for potential price corrections.

The lot configuration made it impossible for the couple to get the main suite, living area and laundry on the same floor in the original home. So, a teardown was needed.

"Flip or Flop" star Christina Hall married her husband Josh in April. The newlyweds bought a $12 million home about a month later.

A luxurious property in Miami’s Coconut Grove can now be yours if you’ve got millions of dollars to spare.

Summer means it’s hurricane season, which, in turn, means it’s a prime time of year to replace windows that may not be up to par for protecting your family in the midst of threatening weather.

Real Estate Economist Dr. Ken Johnson with Florida Atlantic University’s College of Business breaks down whether it's better to buy or rent.

Mandy Karnauskas is among the neighbors of the waterfront Una Residences construction site in Miami’s Brickell neighborhood who said there are cracks in the concrete and the ground appears to be moving.

With December here, there is no better holiday gift to pursue than your first home.

Just steps away from the Dadeland North Metro station will stand a multi-million dollar apartment complex owned by none other than the owner of the Washington Nationals.

For residents already complaining about the amount of traffic in Brickell, this news may not be so welcome. According to The Next Miami, plans to build a giant residential tower in Brickell site are moving forward following a vote on Monday. The news was first reported by the Miami Herald.

FTX, a U.S.-regulated cryptocurrency platform (that is slowly becoming a part of Miami’s vernacular due to becoming the new name of Miami Heat’s arena, FTX Arena), is making headlines once again — the company has announced its first real estate partnership will be with E11EVEN Hotel & Residences Miami.

Goodbye, Los Angeles — two more Hollywood faces have left the City of Angels for Miami and it’s none other than married couple musician Joe Jonas and actress Sophie Turner. Joe Jonas and Sophie Turner purchased their new, 10,416-square-foot Bay Point mansion in Miami for $11 million.

Miami-Dade County Circuit Judge Michael Hanzman approved on Thursday a sale agreement of the property in Surfside where a 12-story building collapsed on June 24 killing 98 people.

Miami has officially overtaken Los Angeles as the second most least affordable housing market in the country.

Records filed with Miami-Dade County court on Friday identified the buyer of the building collapse site in Surfside in a proposed $120 million deal as a company that is associated with a luxury developer from the United Arab Emirates.

It’s been a strange time, living through a global pandemic. What first might have come as a surprise, is the housing boom that followed -- and the fact that things have stayed red hot.

There are understandable concerns from homebuyers about inventory and sky-high prices, but there might have been recent some encouraging news to help alleviate those worries.

Just in the past few weeks, the Biden administration announced it would take steps to address a severe housing shortage in the U.S.

We’ve all heard about it by now: Houses are selling like crazy (and they have been for quite some time now), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.

We’ve all heard about it by now: Houses are selling like crazy (and they have been for quite some time), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.

If you’re looking to move to the Miami area, one city to consider is Coral Gables.

According to researchers, as of June 30, homes throughout Florida were selling for 21.76 percent above their long-term pricing trend, an increase from 19.24 percent in May and 17.17 percent in April.

Large rent increases and bidding wars on rentals are the new norm in some parts of America as re-opening comes with big price hikes.

“Everyone now is going to want to know if their building is safe,” legendary Miami Beach real estate broker Jill Hertzberg says.

Florida is filled with the best beach towns to actually live in, the personal-finance website WalletHub found in a study. Naples ranked No. 1 overall.

After three straight weeks of declines, mortgage demand came crawling back, thanks to a drop in interest rates.

The summer months figure to still be hot for remodeling projects, but before starting one, it’s imperative to have an in-home consultation with an expert.

Just weeks after a prominent real estate developer announced it would accept digital assets as payment, one of the most expensive penthouses in the Miami Beach neighborhood of Surfside has been sold, and paid for, in cryptocurrency. Yes, crypto.

It's the end of 'Wade County:' According to The Real Deal, Wade and his wife, actress, entrepreneur, and author Gabrielle Union, have sold their Miami Beach waterfront mansion for $22 million.

A brand-new one-of-a-kind pool is suspended 115 feet in the air, and is the largest free-standing acrylic pool in the world can be found in London.

Remember JLo’s hit single back in 2001, “Love Don’t Cost a Thing?” Well, it turns out love certainly costs at least something for the superstar, as she’s renting a waterfront mansion in Miami Beach with her ex, Ben Affleck, for over $100,000 a month.

This is leading newcomers, developers, and investors hoping to open businesses to head north to Buena Vista, or, out west. But what’s out west? It’s an area of Miami-Dade County called Allapattah, and developers are already hoping to transform the neighborhood into a cultural destination.

According to new data from the Florida Department of Highway Safety and Motor Vehicles, between September 2020 and March 2021, at least 33,565 New Yorkers exchanged their New York drivers licenses for Florida credentials.

Three more companies have now been approved by the Florida insurance commission to drop more than 50,000 customers, some in a matter of weeks.

A new controversial regulation aims to change the out-of-control party on Ocean Drive and Collins Avenue in South Beach. Business owners who benefit from the nightlife atmosphere there say that not only will the measure not work, but it will hurt the local economy.

Oliver Goldstick (”Pretty Little Liars”) can walk to the television studios.

Oliver Goldstick (”Pretty Little Liars”) can walk to the television studios.

Oliver Goldstick (”Pretty Little Liars”) can walk to the television studios.

Just when you thought South Florida’s massive mansions were enough to make homeowners feel like royalty, it turns out there are literal castles being lived in — and one is currently on the market.

Florida’s real estate market is facing sticker shock and we’re not just talking about property prices.

Florida is the most expensive state for home insurance. And although property insurance carriers are trying to find ways to limit litigation, claims, and fraud, the rising cost is hurting homeowners.

According to a report from The Real Deal, 33-year-old forward and captain for FC Barcelona and Argentina’s national team, Lionel Messi, has purchased the entire ninth floor of a luxury apartment in Sunny Isles Beach.

Miami Commissioner Ken Russell said a $90 million affordable housing project in Miami’s West Grove neighborhood is making history.

There’s often no place like home, although that sentiment can sometimes fade when a house starts to rack up energy bills and breaks down in places over the course of time.

San Francisco has lost more residents during the pandemic than any major city in the country — and hundreds of them have moved to Florida.

(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 Northern California home that movie star Bing Crosby once lived in hits the market for $13.75 millionThe 3 acre Northern California estate where "White Christmas" crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Living room Dennis Mayer | OMARSHALL Real EstateOne of the walls in the ballroom has a secret door that blends in into the wood paneling. Dennis Mayer | OMARSHALL Real Estate"Visitors are surprised to find such a secret alcove where one can enjoy scotch in private," Oliva said. Dining room Dennis Mayer | OMARSHALL Real EstateSteps away is the home's formal dining room, which opens to a terrace and lawn. Bathroom Dennis Mayer / OMARSHALL Real EstateIt has two full bathrooms, a walk-in closet and windows that overlook the gardens.

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.

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.

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.

The largest private island in the Bahamas is going up for sale. The 730-acre undeveloped island known as St. Andrews or Little Ragged Island is a deep-pocketed developer’s dream. The island is listed for $19.5 million but there is no minimum bid. It’s on sale through real estate company Concierge Auctions. Bidding opens March 26 and closes March 31.

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.

SUNNY ISLES BEACH, Fla. – If you had $59 million to spend on a home, what would you buy? One of the most expensive penthouses ever offered on the Miami market is set to go on sale later this year. Estates at Acqualina in Sunny Isles Beach. All of these extras may just be enough to attract buyers looking into luxury real estate. It’s part of a trend in a hot South Florida market.

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.

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.

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.

Banyan Street Capital has engaged Blue Box Real Estate as the exclusive brokers to lease the newly renovated 9350 Financial Centre in the Dadeland area office market. With almost $4 million in top to bottom renovations just completed, 9350 Financial Centre is a premier, 16-story glass tower near the Dadeland South Metrorail station. Jorge L. Morales and Ana R. Paula of Blue Box Real Estate will spearhead the leasing efforts for the property. “We’re excited to reintroduce 9350 Financial Centre as Dadeland’s premier Class A office property,” added Paula, vice president at Blue Box Real Estate. 9350 Financial Centre is primed and ready to help the community get back to work.”For additional information on the offices at 9350 Financial Centre, visit www.9350financial.com.

Banyan Street Capital has engaged Blue Box Real Estate as the exclusive brokers to lease the newly renovated 9350 Financial Centre in the Dadeland area office market. With almost $4 million in top to bottom renovations just completed, 9350 Financial Centre is a premier, 16-story glass tower near the Dadeland South Metrorail station. Jorge L. Morales and Ana R. Paula of Blue Box Real Estate will spearhead the leasing efforts for the property. “We’re excited to reintroduce 9350 Financial Centre as Dadeland’s premier Class A office property,” added Paula, vice president at Blue Box Real Estate. 9350 Financial Centre is primed and ready to help the community get back to work.”For additional information on the offices at 9350 Financial Centre, visit www.9350financial.com.

Fierce competition for a limited supply of homes for sale has caused a surge in prices. Now, potential buyers, some fleeing urban areas hit hard by the coronavirus pandemic, are facing a national affordability crisis. Home prices are rising faster than incomes there, but for now at least, homes are still affordable. As homebuying becomes less affordable, buyers are getting by with a little help from friends and family. About 59% of millennial homebuyers are receiving help with their mortgage down payment according to a recent report from Lending Tree.

MoneyWatch: It's getting more expensive to be a renter Real Estate firm Zillow says monthly rental prices climbed 3.3% in December from the year before. And, Turbo-Tax is offering some customers a $25 rebate. Jill Wagner reports.