Douglas Enclave Blog
U.S. housing affordability has reached historically low levels in recent years, which confirms that renting is the sensible choice now. This is especially true in the Miami market, where only 1 in 50 residential listings are considered affordable, a new report shows. Bankrate examined Realtor.com data and found that those earning the median U.S. income cannot afford 75% of listed ...
The U.S. for-sale housing market is in a holding pattern this year, as affordability challenges give aspiring homebuyers pause. This reinforces why renting is the prudent move for now – and likely for a while. A new report from Probuilder cites Redfin data about the nation’s home turnover rate this year. In the first nine ...
The Greater Miami condominium market has the nation’s second-highest imbalance between sellers and buyers, another dubious distinction that shows would-be condo buyers are choosing to rent instead. Renting at brand-new Miami apartment buildings like Douglas Enclave is the smart choice today, as affordability and financing challenges continue to hamper the local condo market. Through August, ...
Miami generates many favorable headlines, but the Magic City recently ranked No. 1 on the wrong kind of list: the nation’s most expensive mortgage rates. At just under 7%, the Miami metro area’s median mortgage rate was the highest among all major U.S. markets tracked by construction and real estate industry data firm Construction Coverage. Only 58% ...
An emerging national real estate trend is the rise of the “rentvester,” or someone who rents in a major city – such as Miami – while purchasing a residential investment property elsewhere. This is a great way to begin building wealth through real estate ownership without having to compromise on lifestyle. A new Realtor.com piece ...
Douglas Enclave, the brand-new apartment building in the heart of Miami, has an available two-bedroom unit with a split floor plan that is perfect for University of Miami students seeking a roommate. And for a *limited time, Douglas Enclave’s developer is offering a $1,000 move-in credit to the renters lucky enough to secure this apartment. ...
In case you needed more motivation to lock in an 18-month lease at brand-new Miami apartment building Douglas Enclave, a new analysis shows that Miami currently has very little inventory that would be considered affordable to a “typical” Miami renter. Through January 2025, less than 13% of available apartments met the threshold of affordable in ...
As housing costs are expected to rise in Miami – the nation’s “most competitive” rental market – the developer of Douglas Enclave is offering a rare opportunity to lock in a monthly rent under $2,000/month for a brand-new studio apartment. The building has a limited collection of studios, which are available for just *$1,995 per ...