The largest (and extremely gently) fish in the sea was spotted off the coast of Pompano Beach this week. Some divers happened to be south of the Hillsboro Inlet when they spotted the fin sticking out of the water. When they went closer to catch a better look, this is what they found. Although th
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11/30/2012
An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive. The National Association of Realtors said Thursday that its seaso
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11/29/2012
Florida's job market is squarely back in recovery mode, according to an upbeat employment report for October, which was released Friday. • Florida's unemployment rate fell to 8.5 percent last month, reaching the lowest point in nearly four years. • The state added 14,700 jobs over the month wh
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11/20/2012
The latest on South Florida home resales: There isn’t much on the shelf, and it’s going fast. Amid an exceptionally tight inventory of residential properties for sale, October sales of existing single-family homes spiked 41.9 percent in Miami-Dade from a year earlier to 1,142 units while the numb
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11/20/2012
The Palm Aire Marketplace in Pompano Beach has been sold for $20 million. The property, which was sold by DRA Advisors to a two groups out of New York: Nightingale Properties and Carlton Associates. The 140,000-square-foot retail center is anchored by a Winn-Dixie and a CVS pharmacy. The buyers
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11/15/2012
Competition among investors and first-time home buyers is making bank-owned properties less affordable in the country's most competitive markets. Bargains on bank-owned homes are quickly vanishing in the country's most competitive markets. Since the start of the mortgage meltdown, repossessed hom
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11/15/2012
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
