low Archives - Rava Realty

Miami’s Homeless Population Now At The Lowest Level Ever Recorded

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Miami-Dade’s homeless population has reached a new record low, according to CBS4.

In total, there were just 919 unsheltered homeless in Miami-Dade as of August 2021, a countywide census showed.

The total homeless population in Miami-Dade, including both sheltered and unsheltered, stood at 3,355 – a 58% decrease compared to the 8,000 recorded in 1996, when records began.

The Miami area has one of the lowest per-capita homeless rates of any big U.S. city.

Miami-Dade’s overall population has also increased 29% over the past 25 years, so the homeless population drop ...

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Madison Avenue retail buildings sell for record low price

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Three retail buildings on Madison Avenue have sold for a combined $45 million, a price that represents a new low for the posh shopping district.

The luxury retailer Akris will buy three properties at 831, 835 and 837 Madison Avenue between East 69th and 70th Streets for $45 million, according to the Wall Street Journal. The deal includes three ground-floor retail spaces, along with 15 residential units.

The deal came out to $1,340 per square foot, a significant decline ...

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Mortgage rates notch new low

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The average rate for a 30-year fixed-rate mortgage dropped .07 percentage points for the week ending Sept. 10, reaching 2.86 percent — anew low since Freddie Mac began conducting the survey in 1971. This time last year, the mortgage rates averaged 3.56 percent. Fifteen-year mortgages declined, too, to an average of 2.37, while five-year mortgages were up 18 percentage points to 3.11.

Sam Khater, Freddie Mac’s chief economist, said a late summer slowdown in the economic recovery was to thank ...

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