Oscars Assistant

The real estate season just ended in Palm Beach had seen sale after sale, including a record-setting deal recorded at $105 million, just a few months before the coronavirus health scare upended the market. But things may be turning around, with real estate agents and brokers saying they expect a busy summer. Here’s an end-of-season wrap-up. The Palm Beach real estate market entered the season last fall with a strong wind at its back. And then in March, it got the wind knocked out of it by, of all things, a global pandemic. A summer of big-dollar deals had established […]

The coronavirus pandemic has generated a lot of uncertainty, especially with the real estate market. We interviewed four agents across the country to get a sense of how the coronavirus outbreak is affecting the real estate market in their area. Is now a good time to buy/sell real estate? Some agents say “yes”: “It’s a great time to buy and sell in Charlottesville right now. It’s still a seller’s market and inventory is low so the market is strong. But equally for buyers, interest rates are low, and I think they might only get higher, so now is the time […]

Like most businesses, the Miami real estate industry has slowed to a crawl, if not a standstill. But it will run again! During this period of uncertainty, here is some advice I have been sharing with my clients and “sphere,” as we say in our industry. Not all of it is encouraging right now, but we must be completely honest with each other in these difficult times. HOMEOWNERS Q: Is your home on the market? A: Try to be patient. You have no other choice. This is an unprecedented situation that we are all dealing with together. Fortunately, it is […]

Will Florida’s hotel industry, which powers so much of its economy, face the same devastation its real estate industry suffered during the Great Recession? At the moment, hundreds of regional hotels are facing a dead stop in revenues because of the coronavirus pandemic. According to STR, a hospitality data tracking company, the COVID-19 crisis has shuttered more than 236 of the 473 properties the firm tracks in Miami-Dade and 24 of 284 in Broward. But experts say there is still too much uncertainty to make any predictions. Read more here: https://www.miamiherald.com/news/business/article242266321.html#storylink=cpy “You can’t come up with a number on the […]

Measures to contain the spread of coronavirus are still shifting by the day — and so are responses by investors, developers, builders, banks and buyers. To track the impact in real time, RE|source Miami is asking real estate professionals in various sectors for on-the-ground reports. Today we hear from Neal Oates, Jr., president and chief executive officer of the Hollywood-based World Renowned Real Estate, which has provided home marketing services since 2014. Read more here: https://www.miamiherald.com/news/business/real-estate-news/article242407566.html#storylink=cpy The current market is more cautious. This applies to people physically and mentally in their decision making. The biggest impact is obviously the actual […]

Developer Avra Jain, one of the first believers in revitalizing dilapidated motels in Miami’s MiMo neighborhood, is used to taking chances. And now, despite a widespread belief that the workplace will change post-pandemic, she’s still betting big on the office market. Jain is pushing forward with plans to build a major mixed-use project on the Miami River – anchored by 190,000 square feet of Class A office space. She believes the Miami office market will benefit from the coronavirus crisis. “We are getting inquiries for satellite offices, to bring companies from New York, Chicago and L.A.,” Jain said. “This is […]