Price Rising Trend Now Slowing for South Florida and Other Metro Cities
by Sep Niakan | April 14, 2015
According to RealtyTrac’s studies on South Florida, the rise of home prices are beginning to slow down.
The markets of Miami, Fort Lauderdale, and Pompano Beach experienced a 10% rise in home prices in February, compared to last year. The rise was twice that much at 20% the year before.
However, that same pattern is being imitated around the United States. New York, Los Angeles, Chicago, and Washington D.C. are reporting the same patterns. On the contrary though, reports in those other areas say that the slowing is desirable.
“We actually see this as a good thing,” O.B. Jacobi, president of Windermere Real Estate said, “Because if home prices were to continue appreciating in the double digits for too long, we could run into the same boom/bust market of years past.”
The RealtyTrac report also estimates increases of less than 10% in the next few years for these same markets.
by Sep Niakan | November 29, 2016
This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...
by Sep Niakan | November 24, 2016
Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...
by Sep Niakan | November 22, 2016
It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...
by Sep Niakan | October 31, 2016
From a humble 9-to-5 district to after-dark playground for the it-crowd, Downtown Miami has had quite a turnaround in the past decade or so. According to the latest Miami Downtown Development Authority report, there are now 88,540 residents in...