Real Estate

Renting a 3-bedroom is more affordable than owning a comparably sized, median-priced home in Miami-Dade County.

• That's according to a new report from real estate database company ATTOM.

International investment in Miami's real estate market has spiked over the last year after dipping during the pandemic.

Driving the news: Foreign buyers picked up $6.8 billion of South Florida residential real estate between August 2021 and July 2022, according to a new report from the Miami Association of Realtors.

What happens when you take the "real" out of real estate?

Driving the news: Real estate agents in Miami and across the country are experimenting with how the new artificial intelligence tool ChatGPT can be used to write house listings, communicate with developers and produce content.

Miami shows no signs of a market crash. Here's what experts say to expect instead.

1. The market will hold strong.

Home sales prices could take a hit if mortgage rates were to continue surging, but that doesn't seem to be the case, forecasts Ines Hegedus-Garcia, executive VP of Avanti Way Realty.

If Kermit and Miss Piggy retired in Florida, this North Miami condo would make the perfect love pad.

Details: The spacious 2-bed, 3-bath unit off Northeast 114th St. personifies the 1970s Miami aesthetic — with an all-pink rotunda surrounded by mirrors and a bedroom draped in green carpeting and wallpaper.

Miami Beach is poised to have a working clock tower on Lincoln Road.

Driving the news: The city's Historic Preservation Board last week approved New York-based development firm Shvo's plan to redevelop the 407 Lincoln Road building, including the iconic clock atop it.

Michael Shvo, an Israeli immigrant, began his real estate career as a broker and moved into development with his firm Shvo.

• Over the last several years, Shvo — who in 2018 pleaded guilty to tax fraud — has been buying up premium real estate across the country, including San Francisco's iconic landmark the Transamerica Pyramid Center.

Miami renters earned 40% of the income they would need to afford a starter home, according to an analysis of October data by real estate website Point2Homes, Axios' Sami Sparber writes.

• Researchers considered "starter homes" properties valued in the lower one-third of all available homes for sale.