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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
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
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
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
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
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