South Florida On The Market

The Wealth Report, now in its 12th year, is the industry’s leading publication on global prime property markets, wealth distribution and investment sentiment. Increasingly, the trends of the world's wealthiest are influencing markets around the globe. The Wealth Report provides unique insight into the evolving behaviors of this important investment class and is a valuable guide to the emerging trends that are shaping our residential real estate markets worldwide.  FOLLOW THE MONEY Tracking wealth concentration and the flow of capital 1) The number of UHNWIs – individuals with $50m+ in net assets – increased by 10% in 2017, taking the total to 129,730 individuals globally. 2) The number of HNWIs – individuals with $5m in net assets – is set to rise 43% by 2022 to a total of 3,617,550. 3) New York leads all global cities in households earning $250k+ per year, with more than 1,167,000 counted. Los Angeles comes in 2nd place with 637,000. 4) Nort...

 Large-balance mortgage loans – "jumbo" loans – are becoming less expensive than conforming loans. Traditionally, jumbo loans carried higher interest rates, but since mid-2013 that has been gradually changing, and they were less expensive than a conforming mortgage loan by an average of 33 basis points during the first quarter, according to CoreLogic, a real estate data firm. In response, jumbo loans have been growing, and their share of the mortgage market has reached its highest rate since 2009 – about 15 percent of home-purchase originations, CoreLogic reports. And in 2009, the jumbo share was just 6 percent. Jumbo loans are ones that exceed the high-balance conforming loan limit under Fannie Mae and Freddie Mac, which the Federal Housing Finance Agency set at $453,100 for most of the U.S. in 2018. In a few areas designated as high-cost, conforming loans stretch up as high as $679,650. CoreLogic researchers say one of the reasons that the jumbo-to-conforming ra...

Since its introduction in 1990 by the U.S. Immigration Act, the EB-5 program provides a special category of immigration visa for the international investors. To qualify for the program, the applicant must invest $500,000 in a business or project located in an area of the United States with a high unemployment rate. The applicant's investment must create 10 full-time jobs within a two-year period.  After the successful completion of the program, investors and their family members (spouse and children under the age of 21) are given a conditional resident status in the United States, which can be converted into a permanent residency with a path to citizenship. Individuals interested in the EB-5 Visa Program must provide sufficient evidence documenting the source of the funds that are used for the EB-5 investment. The funds for the required $500,000 investment may be obtained from a number of sources such as from a gift, a personal loan, savings, sale of assets, an inheritance o...