Strategies of the Condo Vultures®

Federal regulators shut three more institutions on May 1, increasing the total estimated losses related to failed bank in 2009 to more than $5 billion, according to a report by Condo Vultures® LLC.In 2008, regulators shut 25 institutions that resulted in total losses of between $10.4 billion and ...

BY ERIK BOJNANSKYSpecial CorrespondentCondoVultures.comSomewhere within President Barack Obama's $820 billion stimulus plan is an $8,000 tax credit for first-time home buyers.The way it works is this: Those who make less than $75,000 a year, or married couples making less than $150,000 a year, wh...

Trying to get a better understanding about the current state of Miami's condominium market?Not sure if this is the time to buy or continue to rent? Many of the answers to these questions and others will be discussed tonight, April 28, at a seminar and networking event hosted by Condo Vultures® LL...

South Florida's residential real estate market has less than 90,000 single-family houses, condominium units, and townhouses for resale, a drop of 16.6 percent since November, according to a new housing inventory report from Condo Vultures® LLC.The number of available resales in the tricounty Sout...

Miami Beach's exclusive South of Fifth neighborhood in South Beach isn't even immune from the foreclosure epidemic hitting South Florida.Lenders since January have initiated foreclose proceedings worth a combined $7.4 million against five luxury Miami Beach condominium units in the exclusive Sout...

Pending sales for South Florida condominium units, townhouses, and single-family houses surged by more than 4 percent in the last week, reaching 14,183 existing contracts, according to a new report from Condo Vultures® LLC.In a seven-day period ending April 20, nearly 600 residential properties o...

More than 27,000 condos, townhouses, single-family houses are actively available for rent in South Florida at a median asking price of $1.25 per square foot per month, according to a new report from Condo Vultures® LLC.The attractive rental prices have spurred strong leasing activity at an averag...

Nearly 1,000 more residential properties came off the market than went on in South Florida in the last seven days, dragging the total resale inventory down 1 percent to 91,000 condos, townhouses, and single-family houses, according to a new report from Condo Vultures® LLC.The decrease in resident...

South Florida foreclosure actions jumped by 33 percent in the first quarter to 23,672 filings in Miami-Dade, Broward, and Palm Beach counties, according to a new report from the Condo Vultures® Foreclosure DatabaseTM.An average of 263 Lis Pendens and/or Notices of Default were filed each day in S...

The number of single-family houses, condominium units, and townhouses on the market in South Florida decreased by 1.8 percent on a week-over-week basis ending April 6, according to a new report from Condo Vultures® LLC.Miami-Dade, Broward, and Palm Beach counties have a combined 92,792 resale res...