Surfside condo architect had been suspended for faulty designs in past

William Friedman, the architect who designed the Surfside condo building that partially collapsed in late June, had been suspended by Florida’s board of architecture in 1967 for designing buildings that could not withstand Hurricane Betsy. One component of a commercial building called “sign pylons,” named an “integral part of the structure” by the Florida State … Read more

Investor home purchases exceed pre-pandemic levels, hit record high

Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Institutional investors have been making a comeback in 2021. During the second quarter, investors purchased 67,943 U.S. homes, the highest figure on record (since at least 2000), according to new data released … Read more

Americans still want to relocate — even as pandemic fears dwindle

The number of Redfin.com users who searched for a property outside of where they currently live rose to 31.1 percent during the second quarter, up from 27.6 percent the year before. Nearly one-third of Redfin.com users searched for a property outside of where they currently live during the second quarter of 2021, compared to just … Read more

Miami building tragedy may change condo market forever, agents say

The partial collapse of a luxury condo building in Surfside, Florida, on June 24 has given some homeowners and homebuyers in Florida pause as they consider where they currently live and where they may want to live next. The seemingly unprompted disaster has left many wondering what other secrets buildings may be hiding beneath the … Read more

Asian American homeownership is still lagging: Report

Asian American homeownership rates lag in numerous major cities including New York, Los Angeles and Boston. A new report out Wednesday shows that while the Asian American and Pacific Islander communities have higher-than-average incomes in the U.S., both groups still lag behind the rest of the country when it comes to homeownership. The report comes … Read more

Miami condo collapse updates: Second lawsuit, warnings in April

Details continue to emerge about the catastrophic building collapse that occurred last Thursday at Champlain Towers South, a luxury condo development near Miami. A second known lawsuit was filed over the weekend by one of the survivors of the collapse against the Champlain Towers South Condominium Association. The lawsuit filed by attorney Bob McKee on … Read more

Miami owners file $5M suit against condo association over collapse

Property owners of units in Champlain Towers South, a luxury condo building near Miami that partially collapsed last week, filed a class-action lawsuit against the Champlain Towers South Condominium Association on Thursday night, Local10 reported. The suit was filed on behalf of property owner Manuel Drezner and “on behalf of all others similarly situated” by … Read more

12-story condo building partially collapses near Miami

A 12-story luxury condo building in Surfside, Florida, about a block north of Miami Beach, partially collapsed around 1:30 a.m. on Thursday morning, Miami’s Local 10 News reported. At least one person was killed, according to Miami-Dade Fire Rescue officials. Firefighters, police officers and search dogs continue to conduct a search and rescue mission of … Read more

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