October 2022 - Rava Realty

Long-term rentals proving more lucrative

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Landlords in Miami can make roughly 77% more by renting out a one-bedroom unit as long-term rental property rather than a short-term.

The study found that landlords can make nearly 36% more renting a two-bedroom long term than short term.

The big picture: Long-term rentals are more favorable in cities with high long-term rent prices such as New York, Miami and Los Angeles — regardless of bedroom count.

Here is the complete article, with an ...

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Manhattan Sales Market Pulse | October 2022

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The residential sales market keeps slowing down. The number of pending sales, which is the number of units that are currently in contract, stands at 2,760. This value is 12% lower than a month ago and 27% lower than a year ago; it has been decreasing for 19 weeks already.

Even though the 3rd quarter 2022 closed transactions were a healthy 3,692 (or 44% above the 2019 level), with median sales price and average sales price increasing +3.6% and +4.3% respectively, it is clear that the situation has, in the recent months, turned from a market that favored the seller to a more balanced market which is heading into a buyers’ ...

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The First-Ever Solar-Powered High-Rise

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Miami-based real estate development firm Ytech, has announced The Residences at 1428 Brickell, a 70-story luxury condominium development planned for 1428 Brickell Avenue in Miami’s Brickell Financial District. Designed by Arquitectonica with interiors by Italian architecture firm ACPV ARCHITECTS, the building will be the first-ever high-rise residential tower using solar energy.

The development will ...

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