Lenders repossessed 11 percent fewer South Florida properties in the third quarter of 2012 on a year-over-year basis compared to the same July through September period in 2011 in Miami-Dade, Broward, and Palm Beach counties. Lenders - armed with the foreclosure process - forced a change in own
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11/14/2012
Developers are proposing more than 1,000 new residential units - a combination of rentals and condos - in the Downtown Fort Lauderdale and Beach coastal area as the South Florida real estate market increasingly shows signs of stabilizing from a crash that began in 2007. The latest wave of nearl
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11/14/2012
As you can see from the graph above, actives properties for sale in the tri-county area (Dade, Broward & Palm Beach) continue their steady decline below 40,000 with some slight leveling off in the 3rd quarter of 2012. While pending sales under contract has shown an overall rising trend the 3rd q
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11/08/2012
A measure of U.S. home prices jumped 5% in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery. The real estate data provider also said Tuesday that prices declined 0.3 pe
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11/07/2012
Foreign real estate investors from Canada - who already account for the largest percentage of international buyers in Florida - are poised to increase their transaction activity in the tricounty South Florida region of Miami-Dade, Broward, and Palm Beach in the upcoming winter tourism season. A s
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11/03/2012
Buyers purchased 24 percent fewer condo and townhouse shortsales in South Florida in the third quarter of 2012 on a year-over-year basis compared to the same July through September period in 2011, according to a new report from CondoVultures.com. Fewer than 800 condo and townhouse shortsales tra
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11/03/2012
Even before Chavez won another six-year term on Oct. 7, 2012, foreign real estate investors from Venezuela - in search of deals and a safe haven for their capital - were already purchasing about $750 million annually in Florida real estate, with nearly 90 percent of the deals in the tricounty S
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11/01/2012
Buyers purchased 15 percent fewer bank-owned condo and townhouse resales in South Florida in the third quarter of 2012 on a year-over-year basis compared to the same July through September period in 2011, according to a recent condovultures.com report. Fewer than 735 bank-owned condos and tow
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11/01/2012
Developers are proposing nearly 55 new condo projects with more than 10,000 units, and counting for the coast of the tricounty South Florida region that includes Greater Downtown Miami, Fort Lauderdale and West Palm Beach. As was the case during the last wave of condo construction in South Florid
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11/01/2012
Home values rose to close out the summer, according to the S&P/Case-Shiller Index, a national home-valuation tracker. Nationwide, values rose 0.9% between July and August 2012 with 19 of 20 tracked markets showing improvement. Only one tracked city -- Seattle, Washington -- showed a decrease,
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11/01/2012
