Realtor: S. Fla. Already On Road To Housing Recovery
The real estate outlook may look bleak across the country, but analysts say South Florida is already on the road to recovery.
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The real estate outlook may look bleak across the country, but analysts say South Florida is already on the road to recovery.
Pending sales of existing homes and condos were up across the board in October in Miami-Dade and Broward counties, according to the Miami Association of Realtors.
Homeowners in South Florida have been hoping for years for a boost in the real estate market, specifically the value of their homes. Unfortunately, new numbers from Standard & Poor's showed that recovery is still a long way away.
With Florida atop or near atop the list of foreclosure-ridden states, lawmakers on Thursday began looking again at ways to speed up the handling of foreclosure cases that now can take two years or more to wind their way through the courts.
Home sales and prices were up across Miami-Dade and Broward counties in the third quarter, according to the Miami Association of Realtors.
A few more casinos may be popping up across South Florida, specifically near the Miami Dolphins Stadium and the Miami Beach Convention Center, should Florida lawmakers approve a landmark expansion of gambling.
The toll the Great Recession has taken on America has been shown through jobless numbers, excessive CEO pay, and other methods. But, it's taking a growing toll on the standard of living in the United States.
Another setback for South Florida's struggling housing market lies is just beneath the surface – thousands of homes that make up the so-called "shadow inventory."
South Florida's sagging housing market has drawn a lot of attention from overseas buyers hoping to cash in on distressed real estate prices.
For years we have seen real estate prices in South Florida tumble, but for the first time it appears that trend is reversing.
While the foreclosure crisis still has a stranglehold on the South Florida real estate market; it is leaving some great deals out there at local auctions that could put you in a great house for not much cash.
An index of home prices in big metro areas, including South Florida, has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.
If you've got the cash, then the South Florida real estate market is ready to reward you with some large bargains. From Homestead to Coral Springs, real estate agents are starting to see a slow turnaround in the depressed Florida home market.
The home market has been the foundation of the Great Recession in South Florida for years. While sales of homes and condos may be increasing, the chances of the average Joe getting some of these great deals remains slim.
Downtown Miami's once depressed condo housing market may be turning around, if one building is any indication.
Home values in South Florida fell nearly 13 percent in the first three months of this year, compared to the same period last year, according to real estate tracker Zillow.com.
Existing home sales continue to rise in Florida. The figures show that sales of homes and condos increased 36 percent from February to March.
As the economy continues to ebb along with slight signs of improvement, many have wondered if the housing market is finally on the road to recovery.
Mortgage fraud. It's a growing crime that federal prosecutors now say costs taxpayers, legitimate homeowners and banks billions of dollars every year. The fraud has become so bad that experts say it has driven up the cost of any loans you might need.
The latest figures show that the total number of home sales have increased to 7.7 percent in February compared to a year earlier.
Foreclosures in January increased by just one percent from December numbers and were 17 percent less than in January 2010. It's the latest signal that the real estate market may finally be stabilizing.
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Jim devotes the entire half hour to an interview with Miami State Representative Danny Perez who was sworn in this week as the Speaker of the Florida House.
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