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Blog

February 2, 2021
Florida Saw The Second Highest Population Growth Of Any State Over The Past Year

In just a single year ending in 2020, Florida’s resident population increased by 241,256, the agency said.
The data covers changes between July 2019 and July 2020. The figures were released on December 22.
Next year, those numbers could rise even faster as a result of thepandemic.
In the second half of the year, Miami’s real estate market rose to a new record high, with analysts saying that migration trends to Florida were accelerating as a result of covid-19.
(source: …

by Riccardo Ravasini
January 28, 2021
Cuomo announces plan to get workers back to offices

Gov. Andrew Cuomo is pushing a plan to get employees back in office buildings — and office landlords are on board.
In the second installment of his 2021 “State of the State” address, Cuomo announced that rapid testing would be used in state-designated orange zones to open office buildings, along with restaurants and theaters.
Cuomo said he will work with the real estate community to open hundreds of new “pop-up” rapid testing sites, where people can be tested before engaging …

by Riccardo Ravasini
January 26, 2021
Miami-Dade’s SMART Rapid Transit Plan is on its way

Miami-Dade County’s plan to build six new transit corridors advanced in 2020, and five of the six corridors now have a mode of transportation selected.
The mass transit expansion is known as the SMART Plan.
Here’s a look at what commissioners chose to build for each of the corridors:

Beach Corridor – A monorail will run 3.45 miles, from downtown Miami’s Omni station to 5th Street in South Beach.

Northeast Corridor – Commuter rail has been …

by Riccardo Ravasini
January 22, 2021
Another phase of the High Line is coming

The elevated park, which runs along Manhattan’s Far West Side and through the Hudson Yards megaproject, will be expanded to connect the newly opened Moynihan Train Hall, the New York Times reported.
The new 1,200-foot pathway will link the final section of the High Line at West 30th Street and 10th Avenue to a pedestrian walkway at the Manhattan West megaproject, developed by Brookfield Properties, which abuts the new train hall.
Gov. Andrew Cuomo told the publication that he believes …

by Riccardo Ravasini
January 21, 2021
Manhattan Real Estate Sales Market Update | 4th Quarter 2020

In Manhattan there are signs of improvement for the sellers, as the sales volume, listing inventory, months of supply and other indicators got better from the prior quarter, although remaining lower compared to a year ago.
The market share of cash buyers fell to a new record low (40.4%) given the current low interest rates.
Talking by Numbers. Let’s try to put things in perspective.
The number of sales went up 38.8% to 1,909 from the preceding quarter, but …

by Riccardo Ravasini
December 28, 2020
Buyers who bet on NYC’s comeback can score a discount. But for how long?

Since the reopening of the marke last June, 70% of the contracts signed came from a listing with a price cut. (source: ubrandigs)

by Riccardo Ravasini
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