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Tag Archives: Luxurious Properties
Annual housing starts increase across South Florida
Home construction remains steady across South Florida, even as builders struggle to find available land, a new report shows.
Annual housing starts in Broward County — the total over the past four quarters — is 1,352, up 10 percent from the same period a year earlier, according to the Metrostudy research firm. Broward had 389 starts in the second quarter, 5 percent higher than a year ago.
In Palm Beach County, there were 2,179 starts over the past four quarters, an 8 percent increase from the prior year. However, starts dropped 21 percent in the second quarter, to 489 from 617.
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.
Keller Williams Realty is the largest real estate franchise by agent count in the world!
The reason is because Keller Williams Realty is the #1 Training Company worldwide and agents want to be educated to succeed and to better serve their clients.
RSF Team is a group of agents trained with Keller Williams Realty.
Why is this so important for sellers, buyers and investors?
Uneducated agents will try to sell a home, praying another agent will find a buyer. They will showproperties without providing any consulting services, or even worse, selling income properties without showing all necessary numbers for the client to take the best decision.
Educated agents will always work in the best interests of their clients. Isn’t it what every client deserves?
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.
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).
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.
Zombie’ foreclosure homes on the decline in South Florida
The number of “zombie” foreclosure homes in South Florida fell sharply in the third quarter, more proof that the housing market is returning to normal, a new report shows.
Palm Beach, Broward and Miami-Dade counties had 866 of these vacant properties in the July-through-September period, down 76 percent from the same period a year ago, according to the RealtyTrac listing firm.
Zombie homes are still mired in the foreclosure process. The owners have moved out, and the lenders don’t yet control the properties. In most cases, the homes aren’t being maintained.