Both on a national and local South Florida level, home sales have been improving and in some areas median prices have actually been increasing.  Although we have been seeing a trend in increasing sales and decreasing  inventories in Miami-Dade County, Moody’s Investor Services estimates there will be an additional 8% decrease in home prices in […]

The good news is that sales on existing homes, both single family and condos, continue to increase and inventories are decreasing in Miami-Dade county. The bad news is in the foreclosure numbers for 2009.  The numbers include all properties that are in some stage of the foreclosure process. Palm Beach County – 30,870 Broward County […]

Okay, you have been hearing that now is the time to buy a home, but maybe you are still unsure of why, when there is so much inventory on the market and so much insecurity in the economy.  Here are 7 specific reasons: Home Buyer Tax Credits – The Government is paying first-time home buyers […]

In an attempt to work through the more than 110,000 open foreclosures and the 7,000 new ones that are filed each month, Miami-Dade County has put them on-line.   Registration is free and allows you access to the county’s foreclosures.  If you want to bid, you will be required to put down a refundable 5% deposit.

Icon Brickell, the three-tower 1800-unit complex with views of the Miami River and gorgeous grounds is being turned over to the developer’s lenders in a friendly foreclosure.  Only two of the three towers have been built.

Citigroup announced that it will suspend foreclosures for the next 30 days in order to work on long-term alternatives to foreclosure.  This will be happy news to an estimated 4,000 borrowers.

Although national foreclosures in November were down 8%  from October, they are still up 18% over last November.  With Florida in second place behind Nevada in having the highest number of foreclosures, we are still a long way off from being able to say the market has recovered.  Recent decreases in inventory and increases in […]

Even though the week of Thanksgiving normally kicks off the “slow” time for most real estate sales, in Miami it often kicks up the second high season.  With the opening of Art Basel, Miami this week and the start of winter up North, traffic increases again, especially for condos on the beach.  Here is a […]

Although the number of homes in foreclosure decreased in October from the same time last year, the overall number of foreclosures are still high and some experts think it will rise.  According to RealtyTrac, there were 7, 741 foreclosures in Miami Dade as of October.  Most of the first round of foreclosures were sub-prime and […]