Category Archives: News

South Florida home sales drop in July but prices keep rising

Fewer South Florida homes sold in July compared with a year ago, though the softer demand didn’t hurt prices.

Palm Beach County had 1,530 existing, single-family homes trade hands last month, down 15 percent from July 2015, according to the Realtors Association of the Palm Beaches. It was the sixth month in a row that home sales fell on an annual basis.

Broward had 1,499 sales, off 11 percent, the Greater Fort Lauderdale Realtors said. It was the first sales decline for Broward in the past year.

Single-family sales in Miami-Dade County, meanwhile, declined for the 10th straight month, falling 16 percent to 1,128, according to the Miami Association of Realtors.

Read more …

http://www.sun-sentinel.com/business/realestate/fl-home-sales-july-20160824-story.html

http://www.RSF-TRUST.com
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#JeanDeglon

South Florida’s ‘seriously underwater’ mortgages drop in second quarter, RealtyTrac says

South Florida homeowners continue to regain equity lost during the last decade’s housing crisis, as the number of “seriously underwater” mortgages has declined sharply over the past three years.

At the end of the second quarter, 17.3 percent of homeowners with a mortgage — 262,591 people in Palm Beach, Broward and Miami-Dade counties — owed at least 25 percent more than the property was worth, according to the RealtyTrac Inc. research firm in Irvine, Calif.

While that’s still higher than the national average of 11.9 percent, it is down from 22.4 percent (332,186 homeowners) at the end of the second quarter of 2015, RealtyTrac said.

Read more …

http://www.sun-sentinel.com/business/realestate/fl-underwater-mortgages-realtytrac-20160813-story.html

http://www.RSF-TRUST.com
#RealtyServicesFlorida
#JeanDeglon

Annual housing starts increase across South Florida

Home construction remains steady across South Florida, even as builders struggle to find available land, a new report shows.

Annual housing starts in Broward County — the total over the past four quarters — is 1,352, up 10 percent from the same period a year earlier, according to the Metrostudy research firm. Broward had 389 starts in the second quarter, 5 percent higher than a year ago.

In Palm Beach County, there were 2,179 starts over the past four quarters, an 8 percent increase from the prior year. However, starts dropped 21 percent in the second quarter, to 489 from 617.

Read more …

http://www.sun-sentinel.com/business/realestate/fl-second-quarter-housing-starts-20160809-story.html

http://www.RSF-TRUST.com
#RealtyServicesFlorida
#JeanDeglon

All Southbound Lanes on I-75 at Griffin Road to Close for Sign Installation

The Florida Department of Transportation (FDOT) is scheduled to close all southbound lanes along I-75 at Griffin Road to install an overhead sign structure for the 75 Express Lanes project. In order to perform the work safely, traffic will be detoured during the following dates and times:

All lanes of I-75 southbound at Griffin Road will be closed from 11 p.m. Wednesday, August 10 to5 a.m. Thursday, August 11. Motorists will be detoured to exit at Griffin Road East (Exit 13A) and go east to Flamingo Road, south on Flamingo Road to Sheridan Street and west on Sheridan Street to re-enter I-75 southbound. Please follow the posted detour.

If necessary to complete the work, these lane closures will also take place from 11 p.m. Thursday, August 11 to 5 a.m. Friday, August 12.I75

Pembroke Pines a top market for flipping houses, study finds

When it comes to flipping houses, investors should head to Pembroke Pines, a new report shows.

Pembroke Pines ranks No. 18 on a list of the nation’s best housing markets for flipping, according to WalletHub, a personal finance website. The analysis is based on a series of factors, including home prices, average remodeling costs and the stability of individual housing markets, WalletHub said.

Read more …

http://www.sun-sentinel.com/business/realestate/fl-best-house-flipping-markets-20160803-story.html

http://www.RSF-TRUST.com
#RealtyServicesFlorida
#JeanDeglon

All Northbound Lanes on I-75 at Sheridan Street to Close for Sign Installation

The Florida Department of Transportation (FDOT) is scheduled to close all northbound lanes along I-75 at Sheridan Street to install an overhead sign structure for the 75 Express Lanes project. In order to perform the work safely, traffic will be detoured during the following dates and times:

All lanes of I-75 northbound at Sheridan Street will be closed from 11 p.m. Tuesday, August 2 to 5 a.m. Wednesday, August 3 and from 11 p.m. Wednesday, August 3 to 5 a.m. Thursday, August 4. Motorists will be detoured to exit at Sheridan Street East (Exit 11A) and go east to Flamingo Road, north on Flamingo Road to Griffin Road and west on Griffin Road to re-enter I-75 northbound. Please follow the posted detour.

If necessary to complete the work, these lane closures will also take place from 11 p.m. Thursday, August 4 to 5 a.m. Friday, August 5.I75

Ramp Closure for 75 Express Sign Installation Scheduled to Begin Wednesday, July 27

The Florida Department of Transportation (FDOT) is scheduled to close the ramp from I-75 northbound to I-595 eastbound to install an overhead sign structure for the 75 Express Lanes project. In order to perform the work safely, traffic will be detoured during the following dates and times:

The ramp from I-75 northbound to I-595 eastbound will be closed overnight Wednesday, July 27;Thursday, July 28 and Sunday, July 31 between 10 p.m. and 6 a.m.  Motorists will be detoured to exit at Royal Palm Boulevard (Exit 15) and go west on Royal Palm Boulevard to Weston Road, north on Weston Road to State Road 84 and east on SR 84 to enter I-595 eastbound.  Please follow the posted detour.    

Please note that this schedule may change due to inclement weather or other unexpected conditions.I75

Ramp from Southbound I-75 to Southbound Florida’s Turnpike Scheduled to Shift on Thursday, June 30

Beginning Thursday night, June 30, the ramp from southbound I-75 (Exit 5) to southbound Florida’s Turnpike will shift to its new location. The new ramp will shift slightly west of the existing ramp and remain two lanes. If crews are unable to complete the work due to inclement weather or other unexpected conditions the traffic shift will occur on Tuesday, July 5.

To download a detour map please click here.I75

All Southbound Lanes on I-75 to Close For Sign Installation Scheduled to Begin on Wednesday, June 29

The Florida Department of Transportation (FDOT) is scheduled to close all southbound lanes along I-75 at Sheridan Street to install overhead sign structures for the 75 Express Lanes project. In order to perform the work safely, traffic will be detoured during the following dates and times:

• All lanes of I-75 southbound at Sheridan Street will be closed from 11 p.m.Wednesday, June 29 to 5 a.m. Thursday, June 30. Motorists will be detoured to exit at Sheridan Street East (Exit 11A), go east on Sheridan Street to Flamingo Road, south on Flamingo Road to Pines Blvd and west on Pines Blvd to re-enter I-75 southbound.  Please follow the posted detour.

• If necessary to complete the work, these lane closures will also take place from 11 p.m.Thursday, June 30 to 5 a.m. Friday, July 1I75 

Please note that this schedule may change due to inclement weather or other unexpected conditions.

Full Closures on I-75 Northbound at Miramar Parkway Scheduled to Begin on Sunday, June 26

The Florida Department of Transportation (FDOT) is scheduled to close all northboundlanes along I-75 at Miramar Parkway to allow crews to demolish the remaining section of the existing Miramar Parkway bridge. In order to perform this work safely, traffic will be detoured during the following dates and times:

  • All lanes of I-75 northbound at Miramar Parkway will be closed from 12:01 a.m. Sunday, June 26 to 5 a.m. Monday, June 27. Motorists will be detoured to take the exit ramp at Miramar Parkway East (Exit 7A), at the top of the ramp cross over Miramar Parkway, and re-enter I-75 northbound using the Miramar Parkway on-ramp.  Motorists wanting to go west on Miramar Parkway will be allowed to make a left at the top of the ramp.  

Please note that this schedule may change due to inclement weather or other unexpected conditions.I75