Category Archives: Uncategorized

South Florida’s real estate market looks hot again

Demand is up, inventory is low and prices are rising. The battle for South Florida’s residential real estate is back on even though there may still be many more foreclosures to come. Bidding wars are erupting from Homestead to Weston, as home sales and prices take off, further reinforcing the end of a prolonged market [...]

National rental trend reaches South Florida development

Mahesh Pattabhiraman, chief lending officer at Apollo Bank The nationwide rental boom is moving to South Florida, where, for the first time in years, developers are rushing to build apartment buildings in cities from Plantation and Davie to Doral and Coral Gables, the Miami Herald reported. “Rentals will be in demand for a while,” said [...]

Miami tops South Florida apartment market

Miami continues to be the strongest apartment market in South Florida, according to a second-quarter report from Marcus & Millichap. With plummeting vacancies and the “gradual restoration of rents to former peaks,” Miami-Dade County is leading the tri-county area, in large part due to increased tenant demand. Further expansion in service employment will help lead [...]

More South Floridians going live-work route

Cynergi in Wynwood With a non-existent commute and reduced expenses, more tenants in South Florida are choosing to work where they live, the Miami Herald reported. The increase is being driven by a rental boom in South Florida, particularly Miami’s once-dormant downtown areas. “Literally within the last five years, it’s gone from being dead at [...]

Existing U.S. home sales, prices rise while inventory falls from last year

Sales and closing prices of existing U.S. homes grew in April and listed inventory fell, indicating a strengthening recovery, according to data released today by the National Association of Realtors. Completed sales on existing homes increased 3.4 percent from March to a seasonally adjusted annual rate of 4.62 million in April 2012. Sales are up [...]

Miami condo prices jump 30 percent

May 23, 2012 09:00AM Miami’s residential prices showed strong increases for the fifth month in a row in April, with the median sales price of condominiums rising 30 percent compared to the same period in 2011, according to the Miami Association of Realtors. The median sales price of single-family homes rose 8.2 percent year-over-year. “Miami single-family [...]

Fla.’s housing market continues positive signs in April 2012

  April existing-home sales up, prices rise again. ORLANDO, Fla. – May 22, 2012 – Florida’s housing market had increased pending sales and higher median prices in April, along with a greatly reduced inventory of homes and condos for sale, according to Florida Realtors® latest housing data. “Here in Florida, we’re seeing some strong numbers [...]

Miami condo prices jump 38 percent in first quarter, inventory falls 33 percent

The median sales price of a Miami-Dade County condominium rose by 38 percent in the first quarter, compared to the same period in 2011, according to a report from the Miami Association of Realtors. The median single-family home sales price rose to $174,799, a 14 percent increase compared to the first three months of 2011. “In [...]

More vacation home buyers drive to Florida

U.S. vacation home buying trends are changing, according to the Wall Street Journal, and that’s affecting Florida, one of the largest such residential markets in the country. Depressed real estate prices are drawing more buyers to the market, but because of rising fuel prices and traveling costs, vacationers aren’t interested in journeying as far to shop for, [...]

Manhattan and Miami Real Estate Market Trends Point to Higher Prices, Lower Inventory and Lower Down Payment Requirements for Foreigners

Bidding wars are now being seen in both Manhattan and Miami Real Estate markets Manhattan and Miami property prices have seen significant price increases in the first quarter of 2012 in comparison to the prior year, with record prices in both markets. At current sales rates, Manhattan has 9 months of inventory and Miami has only 4 months of inventory remaining.  In [...]