Tag Archives: Investment

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

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Downtown Miami condo market solid, report shows

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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http://www.miamiherald.com/latest-news/article62303677.html

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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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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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