South Florida housing still healthy, but challenges remain, reports say

Low unemployment and an increase in home loan applications are keeping South Florida’s housing market stable, according to a report Wednesday from mortgage company Freddie Mac.

Still, two other forecasts are more pessimistic about housing after four years of steady growth.

Palm Beach, Broward and Miami-Dade counties scored 91.9 on Freddie Mac’s Multi-Indicator Market Index for June. That’s unchanged from May but an increase of 10 percent from a year earlier.

The index analyzes mortgage applications, delinquencies, employment and affordability in the 100 largest metro areas nationwide. A composite score of 80 or above is considered stable. The ideal score is 100.

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http://www.sun-sentinel.com/business/realestate/fl-freddie-mac-housing-stability-20160831-story.html

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Dunkin’ Donuts opens inside BJ’s

Dunkin’ Donuts has opened inside the BJ’s Wholesale Club in Pembroke Pines — and the two retailers will be teaming up at other locations in South Florida.

The new chain location, at 13700 Pines Blvd., is owned and operated by franchisee Mike Fallah. It will be open from 8 a.m. to 8 p.m. daily, and guests don’t need BJ’s memberships. The menu includes hot and iced coffees, lattes, cappuccinos, teas, sandwiches and baked goods.

A Dunkin’ Donuts spokeswoman said the chain will open other restaurants inside BJ’s in the coming months. Details have not yet been released.

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http://www.sun-sentinel.com/business/realestate/sfl-dunkin-donuts-opens-inside-bj-s-20160826-story.html

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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.

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

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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.

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http://www.sun-sentinel.com/business/realestate/fl-underwater-mortgages-realtytrac-20160813-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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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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Ramp from Northbound I-75 to Eastbound Miramar

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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As wealthy Brazilians snap up Miami real estate, few benefit

Facing a teetering economy at home, wealthy Brazilians have been pouring money into what they increasingly see as the safest place to invest: South Florida real estate.

So are Argentinians, Colombians, Mexicans, Venezuelans, French and Turks — almost anyone with money to shelter, a direct flight to Miami and a shaky economy to flee.

Their cash has helped drive the latest twist in Miami’s ever-evolving transformation — from a 19th century rail stop to a tourist-and-retiree hub to a haven for Cuban refugees to now a harbor for global investors. No American skyline has undergone a more drastic face-lift from foreign cash in the past decade: Luxury condo towers and swanky retailers crowd a downtown once marred by empty lots.

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http://www.sun-sentinel.com/business/realestate/sfl-miami-real-estate-brazilians-story.html

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