Tag Archives: Market Analysis

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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Struggling homeowners can meet with mortgage companies

The HOPE NOW Alliance and Urban League of Broward County will have a seminar Thursday for homeowners struggling with their mortgage payments.

The free event will allow homeowners to meet directly with some of the nation’s largest mortgage companies, including Bank of America, Chase, US Bank, Ocwen and Wells Fargo.

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http://www.sun-sentinel.com/business/realestate/fl-mortgage-relief-20151118-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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Do you want to know about Broward County Florida Real Estate statistics for Single Family Homes for September 2015?

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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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Zombie’ foreclosure homes on the decline in South Florida

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.

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http://www.sun-sentinel.com/business/realestate/fl-zombie-foreclosures-20151007-story.html

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