Foreclosure Freeze: Good For Distressed Owners, Bad for South Florida Real Estate Market

The recent decision by some banks to freeze their foreclosure process while they investigate their procedures for handling foreclosures has a mixed effect on South Florida’s real estate market.  While it may be a good thing for distressed owners who really want to keep their homes, it is probably not a great thing for current […]

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Is Miami Real Estate Undervalued?

According to an article in today’s South Florida Business Journal, a report by IHS Global Insight suggests that in grossly overvalued markets, prices dropped an average of 37% from 2005 until the fourth quarter of 2009.  In Miami, prices have fallen 35.8% in that time frame.  The report suggests that for the country as a […]

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Home Buyers Tax Credit Ends April 30

If you are planning on using the Home Buyers Tax Credit to purchase your home, time is running out. 

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Sales of High Priced Multifamily and Hospitality Properties Increase

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Why Current Mortgage Market is Like the Diamond Trade

The main reason the current mortgage market is like the diamond trade is because the Fed’s current policy has been to create the market for mortgage backed securities.  The Fed agreed to spend $ 1.25 trillion through the first quarter of 2010 to purchase mortgage bonds, thereby keeping interest rates low and stimulating the housing […]

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Miami Real Estate – Lots Of Movement In All Directions

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 […]

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Foreign Investors Looking At U.S Real Estate

Now that the residential real estate market appears to have stabilized, investors are starting to look at U.S properties as potential investments.  According to Kevin Brass of the Wall Street Journal, groups of investors from Mainland China are still touring properties in the U.S. With the decrease in real estate prices and the drop in […]

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Commercial Property Sales In Miami Down 70% In 3rd Quarter

Third quarter commercial sales decreased 70% across the board from last year’s third quarter sales.  The price per square foot fell 12% for office 14% for multi-family 23% for industrial and 9% for retail.

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South Florida Real Estate – Third Quarter Summary

According to the National Association of Realtors third quarter report, sales are up throughout most of the country.  The biggest increase in sales was in Florida at 36.8%.  This is no surprise considering that we are also the state with the highest number (9 out of the top 15) of metro area price decreases in […]

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South Florida Real Estate Market: What is Going On?

The following were all topics in the news last week and all of them have an effect on our real estate market: South Florida home sales surge, prices plunge, mortgage rates fall to lowest levels since May, Florida’s unemployment rate is up, Florida foreclosures are up and may be increasing, another condo developer files for […]

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