Real estate in Miami: The facts

Despite all the negative articles and doomsday predictions that have started to circulate around South Florida, the latest report by the MIAMI Association of REALTORS® (MIAMI) shows a different picture with a steady increase of median prices and dollar volume year-over-year in January for single-family home sales in Miami-Dade county, with single-family home sales rising 4.4 percent, while Median sale prices ($310,000) and dollar volume ($397 million) expanded 14.8 percent and 7.1 percent, respectively in January 2017. The Miami single-family homes market is coming off a 2016 in which it posted the third-most annual sales in county history. Sales for mid-market Miami single-family homes, or properties with a value between $200K and $600K increased 22.5 percent in January, from 476 […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]