Market News
South Florida Home Sales Continue at Torrid Pace But Prices Still Down
New Data Shows Tiny Rise in Housing Prices
South Florida home prices rose 0.6 percent during the first six months of 2011, according to a new report from Clear Capital. Read more...
South Florida Cities Find Silver Lining in Real Estate News
Miami-Dade and Broward leaders breathed a sign of relief last week when the latest figures showed that this year’s slide in property values was the smallest since 2008. Read more...
Pace of Foreclosure Sales Pick Up
Sales of distressed properties rebounded in the
first quarter as cash investors chased discounts. Still, it will take
many months before all the foreclosures find buyers. Read more...
Sales Up, Pricing Down in South Florida Housing Market
Sales of homes and condos were up in April, but prices continued to decline in much of the market. Read more...
Property Prices Near Coast Holding Up Better
A report focusing on Miami-Dade coastal cities found that sale prices of non-distressed properties were flat from a year ago. Read more...
South Florida Home Sales Hit 6-year High in Volume But Not Price
Existing home sales hit a six-year high in South Florida in March, as sellers got creative to make their properties stand out in the crowd. Prices, though, remain low. Read more...
Can Brazilians Save South Florida Real Estate?
If south Florida’s real estate market returns from the dead, thank a Brazilian. Brazil’s upper middle class have been buying properties in Miami and
Orlando since the 1990s, when high interest rates and high taxes forced
many of them to invest overseas in a way to avoid tax authorities. Read more...
Pending home sales still rising in Miami-Dade, Broward
Heavily discounted home prices continued to entice house hunters to sign
contracts during the month of March, as the number of pending sales
increased in Miami-Dade and Broward counties. Read more...
According to the Miami Association of Realtors and the Southeast Florida
Multiple Listing Service (SEFMLS), sales of existing condominiums in
the Miami Metropolitan Statistical Area (MSA) increased 134 percent,
from 540 to 1,262, compared to January 2010 and 233 percent compared to
January 2009. Read more...
The Brazilian Stampede
Not only are Brazilians visiting South Florida in record numbers, but they're investing and keeping the shopping malls humming. Read more...
Metro-Miami's Pending Home Sales Rise 28% Year-over-year
According to the Miami Association of Realtors and the Southeast Florida
Multiple Listing Service (SEFMLS), total cumulative pending home sales -
including single-family homes and condominiums - in Miami-Dade County
increased 28 percent in January compared to a year earlier, from 8,388
to 10,698, and 2.5 percent, from 10,437, compared to the previous month. Read more...
South Florida Existing Home Sales Now Surpass 2006 Levels, Report Says
Real estate agents sold more existing homes in 2010 than in 2006,
according to analysis by Bal Harbour-based consultancy Condo Vultures. Read more...
Condo Sales Heat Up as Deals Resume
Pending Home Sales Rise in Miami-Dade
'Shadow Inventory' Haunts Residential Market
Home Buyers, Lenders Get Creative to Make Deals
Foreclosure Freezes Won't Hurt Housing Market
The foreclosure freezes by big lenders won't have a dramatic effect on the South Florida housing market, industry experts said Friday at a convention in Fort Lauderdale. Read more...
Miami Heat's Big Three a Boon to Neighboring Condos
Real estate stakeholders near Miami's arena are counting on LeBron James, Dwyane Wade and Chris Bosh to give an economic lift to neighboring buildings. Read more...
The Housing Market: Is it Time to Rent or to Buy?
The stalled economy, expiration of homebuyer tax credits, marked-down home prices, stubbornly high unemployment and concerns about a double-dip recession all leave prospective homebuyers wondering if now is the time. Is it time for renters to convert to buyers and for existing owners to grab that dream home on the cheap? Or will housing get even cheaper? Read more...
Active Miami-Dade Home-Sale Market Bucking National Trend
Year-over-year home sales were up in Miami-Dade County in August and median prices fell, opposing the dreary national picture. Read more...
Gov't launches plan to help "underwater" borrowers
The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth. Read more...
South Florida benefits from Neighborhood Stabilization Program
After 18 months, and with a deadline approaching, the federal government's Neighborhood Stabilization Program is now beginning to take shape in South Florida. Read more...
Miami Existing Home Sales Rise, Home Prices Edge Up in 2Q
In the Miami Metropolitan Statistical Area (MSA), sales of homes – including existing single-family homes and condominiums – increased 27 percent in the second quarter of 2010 compared to the second quarter of 2009 and 53 percent compared to the second quarter of 2008. Read more...
For South Florida Real Estate Market, a Hopeful Sign
Fueled by foreign buyers and distressed sales, South Florida pending home sales were up in July compared to last year. Read more...
Existing-Home Sales Slow in June but Remain Above Year-Ago Levels
With the scheduled closing deadline for the home buyer tax credits, existing-home sales slowed in June but remained at relatively elevated levels, according to the National Association of Realtors®. Read more...
Real Estate Community on Fire over LeBron James' Housing Options
Even before LeBron James announced he'd be coming to South Florida, which South Florida luxury home he would choose was being discussed. Read more...
Obama Signs 3-month Extension of Homebuyer Credit
President Barack Obama on Friday signed a law giving consumers already in the process of buying a home three extra months to close the deal and still get a popular tax credit from the government.
Homebuyers with contracts signed by April 30 who failed to go to closing by the original June 30 deadline will now have until September 30 to complete their purchases. Read more...
May 2010 Existing Home Sales: Miami Condominium Sales Surge 70 Percent
In the Miami MSA, there was a 70 percent increase in condominium sales in May 2010 compared to the same month last year and a 131.4 percent increase compared to two years ago, according to the Realtor Association of Greater Miami and the Beaches and the Southeast Florida Multiple Listing Service (SFMLS). Read more...
A Fresh Look at Rent vs. Buy
"Why on Earth would you buy down here when you can rent?" asked a friend of mine in Miami Beach not long ago. "Buying is so over." Real estate website Trulia.com has looked at major real estate markets across the country and asked: Is it cheaper to buy, or to rent? Read more...
South Florida home sales -- and prices -- rise
Home sales and prices increased in April compared to the year before, a possible sign of stability in a long-shaky real estate market. Read more...
Mortgage Rates Decline - Home Buyers Get Surprise Boost From Europe Crisis as Loans Drop to Below 5%
The financial turmoil in Europe is providing an unexpected windfall for American home buyers, as international money seeking a safe haven is flowing into the U.S., pushing domestic mortgage rates to the lowest levels of the year and back near 50-year lows. Read more...
Condo financing in Florida to get boost from Fannie Mae
Only about 40 of the 253 condominiums at Regent Park in downtown Hollywood are occupied by people who own them. The rest are vacant or being rented by investors to tenants. They don't have a stake in the pet-friendly development, so keeping it clean and appealing isn't necessarily their top priority, said Mitch Anton, the board president. Read more...
Home-sale surge a sign of recovery
Driven by drop-dead prices on foreclosures and short sales and a looming deadline for federal tax credits, home and condo sales in South Florida shot up in March, brightening the outlook that this year may herald a real estate recovery. Read more...
Pending Home Sales Show Healthy Gain, Hint at Spring Surge
Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. Read more...
South Florida home, condo sales edge upward
Cut-rate foreclosures, rock-bottom interest rates and lucrative tax breaks helped South Florida home sales edge higher in February -- even as the nation extended its three-month sales slump. Read more...
Give that wreck a second look
In shopping for a home, sometimes a property that isn't pristine winds up as the favorite. Perhaps the patio screen droops. Or floor tiles are broken. The plumbing may be shoddy. Read more...Surprise Turnaround in Homeowner Equity
With all the bad news about underwater homeowners and strategic walkaways, you might think that American homeowners' equity holdings are in the tank. Read more...
High-End Home Prices Gain in 12 U.S. Cities, Including Miami
Prices for the most expensive U.S. homes rose in 12 of 17 cities tracked by S&P/Case-Shiller indexes in November, indicating efforts to help first-time homebuyers are also leading to move-up purchases. Read more...
