As rents continue to escalate, many renters are being forced to move. Rents in West Palm Beach, Fort Lauderdale, and Miami have increased a little over 34% last year, leaving some people sleeping in their cars. This is at a time when inflation continues to escalate with prices rising 7.5% in January compared to last year, the largest increase since […]
“Branded” housing is definitely in vogue in South Florida. In the luxury residential real estate market, purchasers seek brand names such as Ritz Carlton, Four Seasons, Porsche, and Aston Martin as they consider homes. The number of hotel branded residences, for example, doubled from 2010 and 2020. Why? Such high-end residences provide an array of services, ranging from spas […]
The number of homes sold last month decreased for the first time in a year, while prices remained stable. Closings in Palm Beach were down 10.0%, Broward 2.8%, and 3.5% in August as compared with last year, with the median sales price in Palm Beach being $480,000.00 (up 20% from last year); $495,000.00 in Broward (up 19%), and $500,500.00 in […]
A potential disruptor in home construction is the advent of 3-D printed homes. Not only does the use of 3-D printing obviate the current labor and supply shortages, causing an undersupply of available homes to purchase but also provides a more affordable market price for home buyers. What is a 3-D printed home? Picture courtesy interestingengineering.com 3-D printed homes are […]