south florida: Dade County puts homeowners at Risk
- 03/27/09 09:18 PM
April 1, 2009 Miami-Dade County will begin enforcing its Foreclosure Ordinance. This ordinance that was enacted on December 12, 2008 may be the downfall of the real estate market recovery in Miami-Dade County. More importantly, it puts homeowners who buy these foreclosed properties at risk. To make matters worse, at the April 7, 2009 Commission meeting, they will be having the first reading on another ordinance that will do the same for ALL RESIDENTIAL PROPERTIES transacted in Miami-Dade. This ordinance was touted as a consumer protection measure, but it will do the opposite and it will also kill the real estate market recovery we are already … (0 comments)
south florida: Miami's real estate marked hit bottom!
- 06/18/08 05:56 AM
Back in May I wrote a blog asking the question, did Miami's real estate market hit bottom? A month later the experts are beginning to say that South Florida's real estate market may be bottoming out. However bottoming out has many meanings for many people. To us in the real estate business the market shifts are related to sales. The market peaked on April 2005... most experts now agree on that. What did that mean at the time? What that meant is that was the point that inventory started climbing and sales started declining. Prices started declining months later. So now many of … (0 comments)
south florida: REAL ESTATE - Have we hit bottom yet?
- 04/18/08 09:54 AM
I hear many national experts giving their opinion about the real estate market and I find their opinion to be as accurate as someone on the space shuttle trying to pick a red, sweet juicy apple from space. With today's technology he may be able to see the trees - he may even see the apples. But only someone on the ground can go to the tree pick a red apple; smell it; take a bite and say if it is a nice sweet juicy apple. Real estate is the same, yet we have all these national experts telling people what to … (2 comments)
south florida: Renters' present danger
- 04/18/08 03:29 AM
The foreclosure crisis is now affecting renters, too. South Florida is continuing to grow, albeit slower than before, but still at a good pace in relation to the rest of the country. With consumer confidence at an all time low and fears of the real estate market, many of these new South Floridians are parking themselves in rental properties.Unfortunately what they thought was a safe haven is turning out to be a nightmare as many are being evicted from their rental properties -- not for lack of payment but due to foreclosures. Many tenants who think they are safe from eviction … (2 comments)
April 1, 2009 Miami-Dade County will begin enforcing its Foreclosure Ordinance. This ordinance that was enacted on December 12, 2008 may be the downfall of the real estate market recovery in Miami-Dade County. More importantly, it puts homeowners who buy these foreclosed properties at risk. To make matters worse, at the April 7, 2009 Commission meeting, they will be having the first reading on another ordinance that will do the same for ALL RESIDENTIAL PROPERTIES transacted in Miami-Dade. ;)
;)
