south beach condos for sale: Construction spending rises, led by private money. - 05/04/12 09:51 PM
May 1, 2012
 
Nationwide construction spending including Miami, Bal Harbour, Miami Beach and Sunny Isles Beaach,Fl increased 5.9 percent in March compared to the same period a year earlier.
The positive growth comes in contrast to a 3.2 percent decline in public spending compared to last March and a 1 percent drop from February of this year.
Despite dwindling government investment, private spending was up in both residential and non-residential construction, signifying a possible improving economic climate.
The biggest growth in the private sector came from new multi-family home construction, which jumped 23.2 percent year-over-year.
Single-family home construction was also … (2 comments)

south beach condos for sale: Why Miami's Real Estate Boom is happening? - 03/07/12 02:16 AM
 
As the nation’s eighth-largest metropolitan area, Miami has been helped by several forces in Miami’s real estate market boom in recent years. With $430 billion in economic output it has become the hub of the South Florida economic region.
Because of Miami’s draw for international buyers Miami is not just a resort destination, but a global economic spike.  Miami fills an intriguing niche in the global economy, which combines elements of a global economic and financial center also an international resort and second-home destination. Bal Harbour, Sunny Isles Beach and Downtown Miami are some of the communities that have seen the highest growth.
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south beach condos for sale: Tourism in the Sunshine State is up and translated to many property purchases. - 02/19/12 09:09 PM
In 2011 Florida received 85.9 million visitors last year, a 4.4 percent increase over 2010. The increase came after 84.5 million visitors came to the state last year.
The tourism sector was buoyed by a 16.1 percent increase in the number of overseas visitors, many of whom ultimately purchased residential properties. Many of these properties were purchased in the coastal towns in South Florida of Miami Beach, South Beach, Bal Harbour and Sunny Isles Beach, FL.
There was also a 5.7 percent increase in Canadian visitors and a 3 percent jump in the number of U.S.-based tourists to the Sunshine State.
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south beach condos for sale: The Housing Market is back! - 02/16/12 07:26 AM
Summer Greene, regional manager of Better Homes and Gardens Florida 1st in Fort Lauderdale, says her real estate agents are routinely fielding multiple offers on homes. That’s due mostly to the steep decline in the number of properties for sale in Broward County -- now at about 6,000 from roughly 34,000 during the peak of the housing meltdown.
“We have turned the corner,” said Greene, the 2012 president of the Florida Realtors, a trade group with 115,000 members statewide.
Skeptics argue that looming foreclosures this year will put more bank-owned homes on the market and slow the housing recovery, but Greene … (3 comments)