South Florida condo market faces headwinds amid the new construction boom

Oct. 4, 2007 – Condo-hotel projects once were so hot in South Florida that Donald Trump planned two in Fort Lauderdale. Now he’s back down to one amid cooling enthusiasm for the novel real estate product behind much of South Florida’s recent hotel boom.

the senior vice president of South Florida-based Swire Properties. As a result, new high-end rental and condominium buildings being raised within massive, mixed-use developments, like Reach and Rise.

The Miami Malaise. That isn’t much of a dent in the inventory of 15,067 condos, almost entirely made of older stock, that are currently for sale. There is already some 14 months of supply in the Miami market, a 20.4% increase in just one year. To that supply, you have to add the wave of new construction coming on-line.

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 · Careful snowbirds, Florida’s real estate reckoning is closer than you think By the end of the century, almost a half-million Miami homes could be – literally – underwater

The project at 252 South St., about a mile from New York. by the latest construction boom-is what enables Extell to offer apartments there at lower price points. “He was the first out of the box.

Of the most interest to foreign buyers looking to invest: multimillion dollar condos in new buildings that. Another market that has been flooded with high-end investment activity is indeed Miami.

Construction costs in South Florida are still rising, but that doesn’t mean a bad year ahead for the region’s construction companies.Miller Construction SVP Brian Sudduth tells us why.

"A settling of housing production is in line with what we are hearing from builders, that they are largely optimistic about current market conditions but still face supply-side headwinds and regulatory hurdles," says Granger MacDonald, chairman of the National Association of Home Builders.

RE Market Update January 2017 Mortgage Masters Group Mortgage Masters Group Thanks for visiting our blog, where we guarantee you’ll find plenty of helpful information to assist you in purchasing your new home or refinancing your current mortgage.. RE Market Update – July 2017 We’ve taken monthly and annual housing market statistics straight.

MIAMI 2020 NEW LUXURY CONDOS FOR SALE. Miami is about to experience the biggest boom in the city’s history.In the upcoming years miami’s skyline will change immensely. Three of these projects are bigger than big and will change Miami’s landscaping forever; Brickell City Centre , Miami World Center and Resorts World.