Double Dip Recession headed Our Way?
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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.
There's encouraging news about the state's housing market. Real estate experts are showing some renewed optimism in Florida's home sales, but they're waiting for potential buyers to agree.
Realtor.com found that Miami was the fifth most searched city when it comes to real estate.
While South Florida's real estate market continued to struggle in 2010, area which boomed was "short sales".
The latest economic indexes show 2011 is already looking much better than the start of 2010 with improvements in consumer spending, manufacturing and continued gains on Wall Street.
South Florida realtors revealed that pending home sales in Miami-Dade and Broward County jumped by almost 29 percent this month compared to December 2009.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Some of her more notable work came when she was in her 70s.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Prime Day may have officially ended, but that doesn't mean there aren't still deals to shop.
Bissell says it has received more than 150 reports of burn injuries from recalled product. Here's how consumers can get a refund.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Some of her more notable work came when she was in her 70s.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Bissell says it has received more than 150 reports of burn injuries from recalled product. Here's how consumers can get a refund.
The gunman, Thomas Matthew Crooks, opened fire from the roof of a building near the rally, hitting Trump in the right ear.
The American Automobile Association said this is a dangerous time of year for young drivers.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
The number of people traveling to Florida during the second quarter of 2023 decreased compared to a year earlier, according to estimates released Wednesday by the state's tourism-marketing agency.
Gov. Ron DeSantis on Monday said Walt Disney Parks and Resorts should drop a federal lawsuit that claims retaliation by the state and accept changes to a special district that long benefited the theme-park giant.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
The gunman, Thomas Matthew Crooks, opened fire from the roof of a building near the rally, hitting Trump in the right ear.
Many questions remain about the possible motive and political views of the 20-year-old who tried to assassinate former President Donald Trump.
President Biden has tested positive for COVID-19, prompting an array of questions about his health and condition. Here's what we know so far.
Former President Donald Trump is slated to accept the GOP's nomination for president on the fourth and last day of the Republican National Convention.
Jim DeFede speaks with Mo Saunders, the estranged aunt to Democrat Joe Saunders, who is also running for the same seat.
DeFede said the incident has become an "inflection point" for the country in how we talk about politics.
"I support the chairman's call for an investigation," Rep. Jared Moskowitz, a Democrat from Florida, told CBS News Miami.
Jim DeFede reacts to the assassination attempt on former president Donald Trump during his rally in Pennsylvania.
Jim DeFede interviews Democrat Joe Saunders, who now finds himself with a last-minute challenger, his aunt Maureen Saunders Scott, who is demanding to be on the ballot as Moe Saunders.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
One product contained 16 different metals, with researchers calling for rules requiring manufacturers to test tampons.
The CDC says several states are seeing "consistent increases in COVID-19 activity" this summer.
Prime Day may have officially ended, but that doesn't mean there aren't still deals to shop.
Clean up with the best robot vacuum deals that are still available after Prime Day.
Prime Day is over, but the deals roll on. Upgrade your tool kit with this premium Dewalt drill and save $100 today.
Amazon Prime Day is over, but there are still some extended deals to be found.
Glad trash bags and a surprisingly handy bathroom cleaning tool top our readers' list of favorite Amazon Prime Day deals.
The American Automobile Association said this is a dangerous time of year for young drivers.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
There are two sales tax holidays for hurricane supplies
Has mom and dad's bank been open too long at your house?
One consumer reported suffering a dental injury after eating Trader Joe's Chicken, Lentil & Caramelized Onion Pilaf product.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
"90210" stars like Jennie Garth and Brian Austin Green paid tribute, and Alyssa Milano commented on her "complicated relationship" with Shannen Doherty.