Tag Archives: real estate Florida

Home prices rising in South Florida and across nation, index shows

Steady growth in home prices continued in South Florida and across the country during August, a new report shows.

Prices in Palm Beach, Broward and Miami-Dade counties rose 7.1 percent compared with those in August 2015, according to the S&P CoreLogic Case-Shiller housing index released Tuesday.

Prices rose in all 20 metro areas tracked by the index. Portland, Ore., and Seattle had the highest price gains at 11.7 percent and 11.4 percent, respectively. The national average was 5.3 percent.

South Florida was one of 10 metro areas with a higher annual increase in August compared with July. Prices in the tricounty region rose 7 percent in July from a year earlier.

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http://www.sun-sentinel.com/business/realestate/fl-case-shiller-index-august-20161025-story.html

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South Florida tenants will have to settle for slower rent growth

South Florida tenants will have to settle for slower rent growth

Beleaguered South Florida tenants still will be paying more in the coming year, but a new forecast shows rent growth is likely to slow.

Rents in the tricounty region are projected to increase 3.2 percent through next August — down from 4.2 percent over the past year, real estate website Zillow said. The national average for the year ahead is 1.7 percent, same as it was this year.

South Florida’s Zillow rent index — the median price paid for renting apartments, condominiums and single-family homes — was $1,885 in August. That’s up 21 percent since August 2011, according to Zillow.

The sharp increases have led to affordability problems.

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http://www.sun-sentinel.com/business/realestate/fl-south-florida-rent-growth-20161014-story.html

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State agency: Free foreclosure help is available

Three years ago, Florida lawmakers earmarked $10 million to provide free housing counseling and financial education services to homeowners facing foreclosure.

But to date, most of that money remains unused.

That’s why the Florida Housing Finance Corp. is launching a public awareness campaign to let homeowners know about the Foreclosure Counseling Program.

The agency partners with federal, state and local governments, nonprofit organizations and other industry groups in all 67 Florida counties to help people at risk of losing their homes.

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http://www.sun-sentinel.com/business/realestate/fl-foreclosure-counseling-program-20161010-story.html

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Developer refinances industrial properties

McCraney Property Co. of West Palm Beach said it secured a $65 million loan from BankUnited to refinance industrial properties across Florida.

Among the properties that will be refinanced are Vista Business Center and Belvedere Business Park, both in West Palm Beach.

BankUnited also provided partial financing for McCraney’s acquisition of 78 acres in Plant City, near Tampa. The company is building a business park there.

McCraney says it has developed about 5 million square feet of industrial space. It’s considered “speculative” development because it’s built without signed leases from tenants.

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http://www.sun-sentinel.com/business/realestate/sfl-developer-refinances-industrial-properties-20160908-story.html

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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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