Home prices rising in South Florida and across nation, index shows

Steady growth in home prices continued in South Florida and across the country during August, a new report shows.

Prices in Palm Beach, Broward and Miami-Dade counties rose 7.1 percent compared with those in August 2015, according to the S&P CoreLogic Case-Shiller housing index released Tuesday.

Prices rose in all 20 metro areas tracked by the index. Portland, Ore., and Seattle had the highest price gains at 11.7 percent and 11.4 percent, respectively. The national average was 5.3 percent.

South Florida was one of 10 metro areas with a higher annual increase in August compared with July. Prices in the tricounty region rose 7 percent in July from a year earlier.

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http://www.sun-sentinel.com/business/realestate/fl-case-shiller-index-august-20161025-story.html

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Single-family rentals on the rise in South Florida

Nearly a quarter of all single-family homes in South Florida were occupied by tenants or available for lease last year, according to a report that underscores the changing profile of renters.

In Palm Beach, Broward and Miami-Dade counties, 22 percent of the 904,700 homes were used as rentals in 2015, according to U.S. Census data analyzed by real estate website Zillow.com. That’s up from 19.5 percent in 2014, and it’s the highest percentage since 2005, the first year the figures were calculated annually, Zillow said.

Traditionally, renters have been young, single professionals living in apartments, but more families are turning to single-family rentals because they’ve postponed homeownership or they can’t afford to buy, housing analysts and counselors say.

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http://www.sun-sentinel.com/business/realestate/fl-single-family-rentals-20160923-story.html

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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.

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

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Do you want to know about Broward County Florida Real Estate statistics for March 2016?

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Today’s investors must work harder to flip homes

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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Case-Shiller index: Home prices up 8.1 percent in South Florida

South Florida’s home prices increased 8.1 percent in November from a year earlier, according to a national report released Tuesday.

The Standard & Poor’s/Case-Shiller index analyzes prices in Palm Beach, Broward and Miami-Dade counties, as well as 19 other metro areas nationwide.

The tri-county region has seen consistent price gains over the past three years and continues to fare better than most of the country. Portland, Ore., led the nation with an 11.1 percent annual increase, followed by San Francisco (11 percent) and Denver (10.9).

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http://www.sun-sentinel.com/business/realestate/fl-case-shiller-november-20160126-story.html

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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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New foreclosure cases down 53 percent in South Florida

New foreclosure cases fell sharply across South Florida in November, though the number of homes repossessed by banks increased as courts clear dockets of bad mortgages originated during the housing bust.

Palm Beach, Broward and Miami-Dade counties totaled 831 foreclosure filings last month, a 53 percent drop from November 2014, according to the RealtyTrac listing firm. It was the fewest number of starts for the tri-county region since RealtyTrac began counting in January 2006.

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http://www.sun-sentinel.com/business/realestate/fl-foreclosures-november-20151210-story.html

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Residents selling co-op building in Miami Beach

A group of Miami Beach residents has decided to sell their co-op building, according to a news report.

Bidding starts at $26 million for the fiveunit building at 1446 Ocean Drive, The Miami Herald reported.

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http://www.sun-sentinel.com/business/realestate/sfl-residents-selling-building-miami-beach-20151203-story.html

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Luxury condos may replace 1960s building in Surfside

If you live in an old building on South Florida’s prime waterfront, don’t get too comfortable: Developers want your sand.

In the latest mega-deal to happen on the beach, a New York-based developer said he has struck a $55 million deal to buy a Surf House, a modest condo building in Surfside that dates to the 1960s. His plan? Tear it down and build a luxury 12-story condo tower.

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http://www.miamiherald.com/news/business/real-estate-news/article42301551.html

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