Category Archives: Homebuyers

Sunny Isles Beach emerging as epicenter of South Florida’s next condo boom

IT MAY BE EARLY IN SOUTH FLORIDA’S NEWEST CONDO BOOM, BUT THE MODESTLY POPULATED BARRIER ISLAND CITY OF SUNNY ISLES BEACH IN NORTHEAST MIAMI-DADE COUNTY IS EMERGING AS THE EPICENTER OF THE REGION’S NEXT VERTICAL REAL ESTATE CYCLE. Developers are … Continue reading

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South Florida rental rates increase in second quarter

The costs of renting an apartment in Broward and Palm Beach counties are inching upward. The average monthly rent in Broward is $1,097, an increase of 3.3 percent from a year ago, according to second-quarter data from research firm Reis … Continue reading

Posted in Home Financing, Homebuyers, Market Watch, Miami, property value, Real Estate, Rental, South Florida | Tagged , , , | Leave a comment

South Florida foreclosure filings are up, but numbers may signal plateau

The recent surge of South Florida foreclosure filings is beginning to slow down, according to data from RealtyTrac. While the number of tri-county properties with foreclosure filings rose for the seventh straight month, there were only 10 percent more filings … Continue reading

Posted in Forclosure, Home Financing, Homebuyers, Market Watch, Mortgage, Mortgage Rate, Realtytrac, South Florida | Tagged , | Leave a comment

Miami sales prices up 17.7 percent, but gains reflect a complex picture

Distressed inventory made up 40 percent of all sales July 12, 2012 12:01AM By Alexander Britell The median sales price of Miami’s coastal residential properties rose 20.9 percent in the second quarter of 2012, compared to the same period in 2011, … Continue reading

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Miami-Dade property values rise for first time in four years

In May, Property Appraiser Pedro J. Garcia said property values rose for the first time in four years. On Friday, he said they rose even more than he expected. BY CHARLES RABIN CRABIN@MIAMIHERALD.COM A month ago, county leaders rolled out … Continue reading

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First-time homebuyers struggling amid recovering market

MIAMI – July 3, 2012 – South Florida’s housing renaissance is becoming a curse for first-time homebuyers. Despite affordable prices and historically low mortgage rates, these buyers are being shut out of the market by strict lending standards and a … Continue reading

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