Elliman Mag's Spring/Summer issue celebrates the warmth of the season.

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2019 Wealth Report

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Predicting what the next 12 months have in store for our clients and customers has proved to be an interesting process. The multitude of global, political and economic issues addressed on this page a year ago, continue unresolved and have become increasingly more complex. Nevertheless, we remain optimistic about the year ahead. While there may be challenges, there will also be considerable opportunities as markets shift. In this year’s edition of The Wealth Report we highlight residential and commercial markets across the world that offer opportunities and options for those looking to invest in property. Visit here for more info:  2019 Wealth Report
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Real estate: Should you rent or buy in 2014?

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As 2013 draws to a close, it’s fairly clear that the real estate market has gained strength: home sales are up, prices have firmed, foreclosures are down and mortgage rates remain close to record lows. Figures from the National Association of Realtors® (NAR) show that September home values on average were 11.7 percent higher than a year earlier, the 10th consecutive month of double-digit, year-over-year, increases. NAR also reports that in the third quarter home prices increased in 144 out of 163 metropolitan statistical areas. Fifty-four areas had double-digit increases, and only 19 had price declines. “What we have seen during the past year are signs of a broad national recovery,” says Ray Brousseau, executive vice president with Carrington Mortgage Services. “Pent-up demand and a growing population are two factors that have contributed to generally increased home prices.” Interest rates Interest rates also make ownership more attractive. According to Standard & Poors, the 30-yea...
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Miami home sales spike 51% over last year

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Miami metro home sales in the third quarter jumped 51% from a year ago, according to the Miami Association of Realtors . Home sales, including existing single-family homes and condos, totaled 6,412, up from 4,239 last year. Existing condo sales increased 48%, and single-family home sales went up 47%. Statewide sales for Florida also saw an increase from last year, with single-family homes up 12% and condos up 13%. Nationally, the National Association of Realtors reported home sales fell 0.1% from the second quarter, though they increased 17% from a year earlier. Miami's home sales have increased 13 consecutive quarters dating back to the third quarter 2008, according to the local realtor association. "Strong demand from international buyers is fueling robust sales activity in Miami despite low consumer confidence and high unemployment," association chairman Jack Levine said in a Wednesday release. "Local sales are expected to set a record this year that sho...
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