South Florida On The Market

What are the trends shaping the decisions of the world’s wealthy? Where are the best performing luxury real estate markets? And where should you keep an eye fixed for growth? The Wealth Report, now in its 13th year, addresses these questions and more by tracking the world’s wealthiest people to determine how their behaviors influence markets, from real estate to art to whiskey, around the globe. Below we have gathered some of the stand out facts from this year’s Report. Click here to download the full 2019 Wealth Report.  Global Wealth Trends 1) In 2019, the number of  millionaires worldwide  will exceed 20 million for the first time ever. 2)  New York leads all cities  with 94 billionaires. London is a close second. 3) There are  200,000 UHNWIs  (ultra-high net-worth individuals with   $30M+ in net worth) worldwide, following 4% growth in 2018. 4)  London  has the world’s largest UHNWI population with 4,944, an increase of 582 over the last five years 36% of UHNWIs al

In a strong sign for the local housing market and economy,  new data from the U.S. Department of Labor  showed Florida added the most employees of any state in February, the latest month for which state-level data were available. Businesses in Florida added 25,200 jobs to state payrolls in February, growing its total workforce by 2.4 percent above year-ago levels. That helped nudge the unemployment rate to  3.3 percent in the Miami metro area  and 3.5 percent statewide. Low local unemployment and strong job growth are among the best indicators of a strong economy as well as the fuel for housing market expansion. Across all 50 states, job growth averaged just 1.7 percent. In the construction sector specifically, Florida was among the minority of states where employment figures increased in February. Builders in the state grew payrolls by 4.2 percent in February, well above the U.S. average of 3.1 percent. In the Miami metro area alone, construction employment grew at an annual ra

Question : The tub in my condo flooded and my kitchen and the public hallway were damaged. I do not have insurance. My association wants me to pay for the repairs. Do I have to? – Alina Question : I replaced the shutters on my condo with impact windows. Am I responsible for fixing the holes on the exterior? – Trish Answer : If your actions cause damage to another person or business, you are responsible. While your condominium association is responsible for repairing and maintaining the common areas, it is allowed to seek reimbursement if someone purposefully or negligently caused the damage. This idea does not just apply to condos; it is consistent throughout the law. If you drive over your neighbor's mailbox, leave your tools out and someone trips, or are texting and bump into another car, you can be held responsible and be asked to pay for the damage you caused. If you purposefully caused the damage, like the reader leaving holes in the exte