Tag Archives: cash deal

Stantec architecture firm helps Miami’s towers soar

The very first project Jon Cardello’s architecture firm designed in South Florida was a tiny toll booth at a University of Miami parking garage.

Today, Cardello and his wife, Rachel, also an architect, run a team of 117 people designing some of Miami’s tallest new towers, as well as projects in Orlando, Dallas and the Bahamas. ADD merged its business with Canadian-based mega-firm Stantec last year, giving the Miami office global reach.

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http://www.sun-sentinel.com/local/miami-dade/sfl-stantec-architecture-miami-development-20151215-story.html

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Home prices may be rising too fast

South Florida home prices posted steady gains in the second quarter, but slower growth would be better for the housing market long term, according to a new report.

The median price for single-family homes in Palm Beach, Broward and Miami-Dade counties was $289,900, up 7.4 percent from the second quarter of 2014, the National Association of Realtors said Tuesday.

The median for condominiums rose 7.1 percent to $156,300. The median means half sold for more and half for less.

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http://www.sun-sentinel.com/…/fl-second-quarter-home-prices…

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Cash sales decline as more homebuyers get financing

More than half of all South Florida home and condo sales in May were cash deals, but buyers who need mortgages shouldn’t lose heart, a new report shows.

Roughly 53 percent of transactions last month didn’t involve a loan. Yet that’s down from about 70 percent a year ago, the RealtyTrac listing firm said Thursday. The figures cover Palm Beach, Broward and Miami-Dade counties.

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http://www.sun-sentinel.com/business/realestate/fl-cash-sales-realtytrac-20150702-story.html

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Housing market hot as buyers spring into action

Homebuyers continued their spring stampede in May.

Broward County had its most prolific month for home sales in 11 years with 1,527 existing single-family closings, up 14 percent from a year ago, the Greater Fort Lauderdale Realtors said Monday.

The median price of $290,000 was 4 percent higher than in May 2014.

In Palm Beach County, 1,739 homes traded hands, a 6 percent increase from a year earlier, according to the Realtors Association of the Palm Beaches. There were only four fewer sales in May than April, which was the county’s best month since June 2004.

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http://www.sun-sentinel.com/…/fl-home-sales-may-20150622-st…

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Underwater mortgages decline across South Florida

Rising home prices across South Florida are helping more owners escape “underwater” mortgages, a new report shows.

In the first quarter of 2015, 17.4 percent of all mortgaged homeowners in Palm Beach, Broward and Miami-Dade counties owed more than their properties were worth, down from 24.9 percent a year earlier, according to real estate website Zillow.com.

The so-called negative-equity rate has declined in the tri-county region on an annual basis in every quarter since early 2012.

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http://www.sun-sentinel.com/…/fl-underwater-mortgages-20150…

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