florida: Florida Real Estate Prices On the Rise in Miami and Orlando? - 11/03/10 03:25 AM
As we all know, Florida has seen some of the most dramatic falls in real estate prices and the total number of homes sold since the housing market collapsed. Although things are bad in much of the state, it seems that the real estate market in Florida may be on the mend. Some of the most hard hit areas such as the Orlando, Miami, and Fort Myers areas have seen nice rebounds in the number of homes sold over the last several months, raising hope that prices will soon follow. Fort Myers, located in Southwest Florida, has seen the number of … (0 comments)

florida: Florida the favorite of foreign home buyers - 09/07/10 04:01 AM
International buyers have helped buttress Florida's real estate market with 22 percent of all foreign clients nationally choosing property in the Sunshine State.That makes Florida tops for attracting foreign interest, according to a summer report by the National Association of Realtors. California came in a far second with 12 percent of the international market.While Florida's share of foreign clients has slipped from a recent high of more than 26 percent in 2008, bargain basement prices and a weakened dollar have continued to lure Canadian and overseas buyers.The study, which looked at sales between March 2009 and March 2010, found that buyers … (1 comments)

florida: Miami Design District: Fashion, food and art - 08/23/10 05:30 AM
The several-block stretch of Miami that houses art galleries, mouth-watering eateries, high-end fashion and furniture showrooms got its start in sofas.``From the beginning, the Design District was an international destination,'' said Craig Robins, CEO of real estate company Dacra, the primary landlord. ``The bad news was that furniture design doesn't attract a lot of foot traffic.''While the neighborhood still doesn't get the general traffic of, say, Aventura Mall or Lincoln Road in South Beach, its reputation has gone from near-deserted trade district to Mecca of chic. Within the last couple years, high-end retailers like Marni, Tomas Maier and Christian Louboutin have … (1 comments)

florida: Miami home prices rise slightly - 08/04/10 08:57 AM
Miami home prices rose 0.9 percent in May, according to the latest Standard & Poor's/Case Shiller Home Price Index, after a 0.8 percent drop in April. Year-over-year, home prices in Miami were up 1.2 percent, while the 10-city nationwide composite was up 5.4 percent. Last week, Florida Realtors reported that sales of existing single-family homes were up 15 percent statewide in June -- the 22nd consecutive month that sales activity went up. The median existing home price in Florida was $143,000 in June, a 2.1 percent jump over May's price of $140,400Source: http://therealdeal.com/miami/articles/31054/elert
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florida: The Merger is Final - Congratulations to Us! - 08/02/10 06:11 AM
Congratulations to Us - The Merger is FinalWe are now THE largest association in the U.S.The REALTOR® Association of Greater Miami and the Beaches (RAMB) and the REALTOR® Association of Miami-Dade County (RAMDC) have joined forces and are now the nation's largest REALTOR® Association. This historic merger brings together two of NAR's largest REALTOR®associations, creating a combined association positioned to lead in an increasingly competitive and global real estate marketplace. Superior service to you, our members, expanded access to unparalleled marketing tools, a global network of more than 60 partner organizations around the world and educational programming for your profitability will … (1 comments)

florida: Miami Beach Luxury Real Estate Gets Cheaper as Short Sales Abound - 07/09/10 08:06 AM
Finding a "cheap" mansion on Miami Beach has become easier in the last few years due to the yo-yo-ing real estate market. That is, if you consider $3 million to be cheap. A few years ago, many of the properties on millionaire-row streets like North Bay Road and Palm Avenue were untouchable by many well-to-do buyers. Now those priced at $12 million and $13 million have dropped to $9 million, while those at $6 million are now priced at $3 million. Ironically, wealthy all-cash buyers may ultimately rescue the deeply depressed local housing market."We definitely see affordable mansions happening all over, … (1 comments)

florida: South Florida Foreclosure Filings Drop 49% in Q-2 - 07/06/10 06:37 AM
According to a new report by Condo Vultures, lenders filed 49 percent fewer foreclosure actions against borrowers in the tricounty South Florida region in the second quarter of 2010 compared to a year earlier.Banks initiated about 14,500 foreclosure actions in Miami-Dade, Broward, and Palm Beach counties between April and June of 2010 compared to about 28,400 foreclosure actions initiated during the same three-month span of 2009, according to the report based on the Condo Vultures.For the year, South Florida foreclosure filings are down 34 percent to 34,500 in the first six months of 2010 compared to about 52,200 actions in 2009, … (1 comments)

florida: Pending home sales in South Florida jump - 05/10/10 10:17 AM
Propelled by low prices, attractive interest rates and federal incentives to lock in offers by the month's end, the number of new contracts on South Florida homes soared in April.Compared with March, pending sales of single-family homes and condominiums increased last month in both Miami-Dade and Broward, mirroring the national upward trend in contracts signed, according to data released Tuesday by the Realtor Association of Greater Miami and the Beaches. Compared with last April, the number skyrocketed.Pending home sales track signed contracts that haven't yet closed -- a figure that may have been unusually high for April because buyers had to … (0 comments)

florida: LWR firm bids $61 million for home lots in Florida - 12/07/09 03:52 AM
For more information go to www.BuyMiami.netLAKEWOOD RANCH - A Lakewood Ranch residential development firm is a leading bidder for the assets of bankrupt homebuilder Tousa.Starwood Land Ventures, LLC has put in a $61 million offer to purchase 5,499 of Tousa's unstarted home lots in Florida, according to documents in U.S. Bankruptcy Court in Fort Lauderdale.The court says Tousa received four other offers for the Florida assets but the homebuilder and Starwood entered into a non-binding letter of intent in July. Jon Rapaport, president for Starwood's Southeast Florida division, declined to comment on the firm's intent to purchase Tousa's property.An auction is … (0 comments)