florida real estate update: International tide lifts South Florida real estate market
- 11/15/11 01:03 AM
In 2007 & 2008, California led the nation in international sales, but Florida rose ahead in 2009 and has been at the front of the pack ever since, accounting for nearly 1/3rd of international transactions in 2011. Global buyers now account for $82 billion of residential real estate purchases in the US. Of the international deals in Florida, 30 percent took place in the Miami-Miami Beach-Fort Lauderdale market, according to an international study by the National Association of Realtors. Distant runner-up was the Orlando-Kissimmee market with 14 percent of international sales in the state. But the good news on the international … (0 comments)
florida real estate update: Florida’s existing home, condo sales rise in 3rd quarter of 2011
- 11/14/11 12:25 AM
Florida’s existing home and existing condo sales continued to show gains in third quarter 2011 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®.Existing home sales rose 12 percent in 3Q 2011 with a total of 46,759 homes sold statewide; during the same period the year before, a total of 41,728 homes changed hands according to Florida Realtors. Statewide sales of existing condos in the third quarter rose 13 percent compared to the year-ago sales figure.Florida’s existing-home median sales price continued to stabilize and remained level at $136,000 for the three-month period; in … (0 comments)
florida real estate update: Florida foreclosures fall again, but signs point toward uptick
- 11/13/11 03:15 AM
Foreclosures in Florida continued to fall last month compared to the same period in 2010, but a big jump month-over-month hints that an anticipated uptick could be on the way. Properties in Florida with foreclosure filings fell by 41 percent in October, continuing a decline due largely to the foreclosure freeze brought on by the robo-signing scandal in the fall of 2010, according to the latest report from RealtyTrac. Compared to September 2011, however, there was a 37 percent increase in foreclosures."The October foreclosure numbers continue to show strong signs that foreclosure activity is coming out of the rain delay we've been in … (0 comments)
florida real estate update: No Florida recession, Fed index says
- 10/20/11 04:03 PM
Florida should avoid a recession through the start of 2012, even as some state economies show signs of shrinking, according to a Federal Reserve index. The Philadelphia Fed’s leading index of state economies showed Florida dropping slightly in August, but still in positive territory. That means the index predicts Florida’s economy will continue growing for at least six months. A recent report runs counter to predictions that the country is heading for a second recession. Despite better than expected economic growth in the spring, economists still see Europe’s debt crisis, strained government finances and weak confidence from consumers and businesses as … (2 comments)
florida real estate update: September adds more sales for Florida houses and condos
- 10/20/11 03:49 PM
Florida’s existing home and existing condo sales continued their upswing in September, according to the latest housing data released by Florida Realtors. Existing home sales increased 10 percent last month with a total of 15,036 homes sold statewide compared to 13,723 homes sold in September 2010. In Florida’s year-to-year comparison for condos, 6,666 units sold statewide in September, a 10 percent gain over the 6,035 units sold in September 2010. The statewide existing condo median sales price last month was $87,200; a year earlier, it was $81,800 for a 7 percent increase. … (0 comments)
A forum for discussion of all things involving Palm-Aire Country Club in Pompano Beach, Florida and the area that surrounds it. Palm Aire's real estate properties are lush and lavish, like the lifestyle.
In 2007 & 2008, California led the nation in international sales, but Florida rose ahead in 2009 and has been at the front of the pack ever since, accounting for nearly 1/3rd of international transactions in 2011. Global buyers now account for $82 billion of residential real estate purchases in the US. 
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