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Wednesday, January 17: South Florida real estate market articles

Today's South Florida real estate market articles
South Florida real estate market articles

Southland mall in Cutler Bay is to be replaced by the Southplace City Center, a project that will include housing, dining and stores via @miamitodaynews “The total buildout is likely to be five to seven years, but we’re moving on a very fast track” #SouthDade

https://www.miamitodaynews.com/2024/01/16/southplace-city-center-fast-tracks-5-to-7-year-buildout/

 

Redfin reports the homeownership rate for Millennials rose from 52% to 55% last year, and is only tracking a few percentage points below where Baby Boomers were at the same age:

https://www.redfin.com/news/homeownership-rate-by-generation-2023/

 

Ludlam Trail, a 5.6-mile multiuse non-motorized recreational shared-use path, is moving toward the design of its recreational portion, with construction anticipated to start in the fall of 2026.via @miamitodaynews

https://www.miamitodaynews.com/2024/01/16/long-sought-ludlam-trail-two-years-away/

 

New mortgage applications increased 10.4% from one week earlier, according to the Mortgage Bankers Association.

https://www.floridarealtors.org/news-media/news-articles/2024/01/new-mortgage-applications-jump-more-10

 

Florida Seeing a New Condo Boom After Surfside

https://www.floridarealtors.org/news-media/news-articles/2024/01/florida-seeing-new-condo-boom-after-surfside

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