Category Archives: Market Watch

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

ZOM Florida leases 300 units in Broward County

Multi-family developer ZOM Florida and the Cleveland-based NRP Group have fully leased 300 workforce-housing units at the $45 million Monterra Apartments in Cooper City, the South Florida Business Journal reported. The units, which are located at 2601 Solano Avenue, are slated … Continue reading

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New Boston Fund acquires Miami’s Waterford Centre

The New Boston Fund has purchased Miami’s Waterford Centre, the Boston-based company announced today. The 91,000-square-foot property is located at 6205 Blue Lagoon Drive in the Blue Lagoon Business Park near Miami International Airport. The company plans to invest “significantly” … Continue reading

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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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30-year mortgage rate drops to record 3.56%

WASHINGTON – July 13, 2012 – Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market. Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell … Continue reading

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