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 [...]
Daily Archives: May 23, 2012
Miami tops South Florida apartment market
May 23, 2012 – 2:42 pm
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
May 23, 2012 – 2:40 pm
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
May 23, 2012 – 2:37 pm
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 – 2:34 pm
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
May 23, 2012 – 2:26 pm
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 [...]
