Real Estate
Renting is more affordable than owning in Miami-Dade — for now
Illustration: Brendan Lynch/Axios
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.
Foreign investment floods into Miami real estate after pandemic dip


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.
Miami real estate agents experiment with ChatGPT
Is this the future of real estate? Photo: Gabby Jones/Bloomberg via Getty Images
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.
Here's what experts say 2023 holds for Miami real estate
Illustration: Brendan Lynch/Axios
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.
Pink-and-green condo for sale in North Miami finds fandom on Twitter
A very pink room. Photo: John Goez/Swift Pix
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's iconic Lincoln Road clock tower to be renovated
A rendering of the planned clock tower at 407 Lincoln Road, courtesy of SHVO
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.
Developer Michael Shvo is bullish on Miami Beach
A rendering of the planned loggia at 407 Lincoln Road, courtesy of SHVO
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 can't afford starter homes
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.
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