Ranking major cities in the world comparing luxury real estate prices, Miami #1 with highest price growth in third quarter 2021. Miami grew the most at 26.4%. MIAMI, FL, USA, November 12, 2021 - Global prices rose on average by 9.5% in the third quarter of this year. Major gains were also in cities [...]
MIAMI, FL, USA, November 10, 2021 /As a result of the U.S. lifting the travel ban on Canada, Russia, Brazil, and 30 more other countries there is likely going to be an influx of wealthy foreign buyers coming to the U.S starting the week of November 8th, 2021. Wealthy foreign real estate buyers are likely [...]
Miami, Sacramento, Phoenix, Las Vegas and Tampa were the most popular migration destinations among major U.S. metros in July, meaning they had the biggest net inflows. A net inflow is a measure of how many more Redfin.com home searchers looked to move into a metro than leave. The latest migration analysis is based on [...]
MIAMI — Miami-Dade County real estate posted its best June sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates fueled a triple-digit sales increase, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami-Dade County total home sales [...]
1. Florida has no state income tax Florida is one of only seven states that impose no income tax and is the only “no tax” state (two of the others are Alaska and South Dakota). Since Florida’s prohibition against state income tax is enshrined in the State Constitution. Florida’s Constitution also prohibits municipalities and [...]
Multiple tech investors have announced in recent days they will move from the Bay Area to Miami. David Blumberg a venture capitalist who founded and manages Blumberg Capital, has announced his move from the San Francisco area to Miami, according to the San Francisco Business Times. Blumberg said the move was driven by poor governance in [...]
By Sridhar NatarajanDecember 6, 2020, 2:21 PM EST Updated on December 7, 2020, 1:15 AM EST Goldman Sachs Group Inc. is weighing plans for a new Florida hub to house one of its key divisions, in another potential blow to New York’s stature as the de facto home of the U.S. financial industry.Executives have been scouting office locations in [...]
Redfin reported that Redfin.com users are leaving more expensive states as the COVID-19 pandemic continues. California and New York are the two states seeing the largest increase in folks looking to leave the states since last year. Massachusetts, Washington, D.C., and Illinois are also seeing an increase in people looking to move elsewhere. Close to [...]
Hedge funds are planning to expand their presence in Florida, adding to a migratory trend as wealthy residents of northern states face the threat of higher taxes.Chicago-based Balyasny Asset Management, with about $8 billion of assets, intends to open an outpost in Miami, according to people familiar with the matter, and Bluecrest Capital Management, which [...]
According to a new report by global real estate consultant Knight Frank, with capital growth in most prime residential markets around the world shrinking in 2019, the global economic landscape looks markedly different from that a year ago. In 2018, economists predicted 'the new normal' - that of higher interest rates and more expensive [...]
