Monthly Archives: November 2012
Wealthy Foreigners Are Setting Miami’s Real Estate Market On Fire.
Miami’s real estate market is not in a bubble, according to Douglas Elliman real estate agent Oren Alexander. Instead, it’s on the rise, and sits on a solid foundation of cash, he said. The numbers are proof: home prices were up 21.4 percent in the third quarter and rose 11.6 percent in the past year, […]
Miami Booms Like Never Before on Rental Demand.
Miami’s roller coaster real estate market is booming again after its worst crash left dozens of unfinished buildings and failed condo projects. Related Group of Florida, Adler Group and Area Property Partners LP, are among builders developing amid a shortage of rental properties as the economy improves. The average rent for a two-bedroom apartment increased […]
4 More Years of Accommodative Housing Policy.
A big part of my job is helping our clients project the most likely scenarios for the housing market. Now that we know who will be President, my job just got easier because we have 4 years of experience with Obama and a divided Congress, so we know what we are getting. However, there is […]
Economy set for better times whether Obama or Romney wins.
Mitt Romney says Barack Obama’s policies will consign the U.S. to an extended period of sluggish economic growth, at best. The president says his Republican challenger’s plans will sow the seeds of another mammoth recession. Both are wrong. No matter who wins the election tomorrow, the economy is on course to enjoy faster growth in […]
Miami, Dubai and London Among Top Global Cities Enjoying Double-Digit Price Growth in 2012.
According to a new Global Cities Report by London-based real estate consulting firm Knight Frank, fifteen of the 26 cities tracked by the Prime Global Cities Index (58%) recorded flat or positive price growth in the year to September, but over the last quarter 20 of the 26 cities (77%) have seen flat or positive […]