Amid a strengthening dollar and shaky economies across the world, Downtown Miami has stood its ground.
A report released Thursday by the Miami Downtown Development Authority that tracked the period between January 2015 and January 2016 outlined a shift in transactions across the downtown condominium market, suggesting that the days of risky financing are over.
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Higher prices haven’t put an end to home flipping in South Florida, a new report shows.
Flips accounted for 6.3 percent of third-quarter home and condominium sales in Palm Beach County, up from 5.9 percent in the same period of 2014, according to real estate website Trulia.com.
In Broward, flips accounted for 6.1 percent of sales, compared with 5.7 a year earlier. Miami-Dade County’s share of flipped homes was 6.4 percent, up from 4.7 percent, ranking as the biggest increase in the country, Trulia said.
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http://www.sun-sentinel.com/business/realestate/fl-house-flipping-20160217-story.html
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