The latest Forbes real estate article, America’s New Housing Crisis Capitals, lists metropolitan areas were prices are still dropping with continued declines expected.  Thankfully, none were in Miami-Dade, Broward, Palm Beach or Monroe counties!

Although nationally existing home sales fell in December, sales of single family homes in Miami  were up 37% over November.  With the median price of both single family and condos down significantly and the  expiration of the first First Time Homebuyers Tax Credit coming up in April, sales are expected to continue rising in the […]

Great price for this 3 bedroom 2 bath home on double lot near Coral Gables, Miami International Airport, Downtown Miami.  Wood floors add warmth to this 1948 charmer.

The 2010 real estate market has started out all over the place, both nationally and locally.  On a national level, the lousy weather has had a negative effect on the new home segment, with construction on new homes and apartments falling 4% overall in December (construction rose in the South by over 3%).  Applications for […]

Many economists are predicting a significant hike in home prices over the next 5 years, so if you are a renter who has been debating on whether or not now is the right time to buy, you may want to take a close look at the numbers.  In her article, Ten Cities To Go From […]

According to Altos Research, a firm that tracks the movement of single family homes in 27 real estate markets, the asking price for single family homes has increased over the last three months.  This finding is especially interesting since it was reported in a Forbes article titled, Cities With The Fastest-Falling Home Prices.  Miami was […]

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 […]

I came across a great article that explains the effect of interest rates on your purchasing power so well, that I have to blog about it.  Now that inventories are decreasing and we are running into an April 30, 2010 deadline for tax credits, you have to read it if you have been on the […]

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.