Tag Archives: Investment

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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South Florida home price gains outpacing most of the nation

South Florida continues to see higher home-price increases than most of the rest of the country, according to a leading indicator released Tuesday.

Prices in Palm Beach, Broward and Miami-Dade counties rose 7.4 percent in August compared with August 2014, figures from the Standard & Poor’s/Case-Shiller index show. It was the region’s 18th consecutive increase.

The index tracks prices in 20 major metro areas nationwide. Denver and San Francisco each had 10.7 percent annual increases in August.

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http://www.sun-sentinel.com/business/realestate/fl-case-shiller-home-prices-august-20151027-story.html

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Buying a home cheaper than renting, but the gap narrows

Young professionals are better off buying a home than renting one, but it’s not nearly the deal it was three years ago.

Buying is 44 percent cheaper than renting in Broward County, according to Trulia.com, a real estate website. That’s tied with Syracuse, N.Y., for the nation’s third-highest difference, after Houston (46 percent) and Baton Rouge, La. (45).

In 2012, with home prices rebounding from the bottom, buying beat renting in Broward by 56 percent.

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http://www.sun-sentinel.com/business/realestate/fl-trulia-buy-versus-rent-20151020-story.html

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New foreclosures fall for 10th straight quarter

Higher home prices and continued stability on the employment front helped reduce new foreclosures across South Florida in September and the third quarter.

New cases in Palm Beach, Broward and Miami-Dade counties dropped 13 percent last month from a year earlier, according to the RealtyTrac listing firm. For July through September, starts fell 15 percent, to 3,293 from 3,875 a year ago.

Foreclosure filings have declined in South Florida for 10 consecutive quarters, RealtyTrac said.

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http://www.sun-sentinel.com/business/realestate/fl-foreclosures-decline-20151014-story.html

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South Florida housing market gets favorable rating from Freddie Mac

South Florida’s housing market continues to inch higher on a national index released by mortgage company Freddie Mac.

The tri-county region of Palm Beach, Broward and Miami-Dade counties scored 83.7 in July on Freddie’s Multi-Indicator Market Index, up 14 percent from a year ago.

The index measures housing markets across the country by tracking home loan applications, affordability, mortgage loan delinquencies and employment. A composite score of at least 80 is considered favorable or stable. A perfect score is 100.

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http://www.sun-sentinel.com/business/realestate/fl-freddie-mac-housing-20150923-story.html

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Do you want to know about Broward County Town House and Condos for Florida Real Estate statistics for Q2 2015 ?

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Lack of land hampers housing starts

Broward County housing starts increased in the second quarter, though home construction remains at low levels because of a lack of buildable land.

Builders started 368 units in Broward from April through June, up 19 percent from a year earlier, the Metrostudy research firm said Wednesday. The annual “starts pace” — a tally of housing starts from the past four consecutive quarters -— was at 1,229 units, a 14 percent increase from the prior year.

Palm Beach County homebuilding was more active in the second quarter, though starts dropped 3 percent, to 618 from 636 a year ago, Metrostudy said. Annual starts also decreased to 2,006, down 11 percent.

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http://www.sun-sentinel.com/business/realestate/fl-housing-starts-20150805-story.html

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Do you want to know about Broward County Florida Real Estate statistics for June 2015?

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