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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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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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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County property search website wins national award

A website for searching property records operated by the Miami-Dade County Office of the Property Appraiser has won a national award.

The site allows users to search county property records online and works on desktop, tablet and mobile devices. It is the most-used page on the county’s site, according to property appraiser Pedro Garcia.

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http://www.miamiherald.com/news/business/real-estate-news/article34585434.html

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July 2015:Do you want to know about your neighborhood Real Estate statistics? Ivanhoe between Griffin and Stirling in Davie/FL.

July 2015:Do you want to know about your neighborhood Real Estate statistics? Sheridan Glean in Davie/FL.

Is Real Estate recession coming? Is it time to sell?

The numbers and history cycles can help to take the right decision. Where do you think we are right now? How many years since the last crisis? We are getting closer and closer … Do you want more information for your specific area? Contact us NOW before it gets too late!
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Real Estate Market Cycles and Recession

June 2015 :Do you want to know about your neighborhood Real Estate statistics?

Here are the stats for the Falcon’s Lea community in Davie.

ARE YOU LOOKING FOR THE BEST REAL ESTATE COMPANY?

– You are in the process of getting your Real Estate license in Florida or already passed the exam?
– Many brokerage companies are calling you or sent you postcards?
– You have started interviews to get a better idea?
– Or you are an experienced agent thinking of changing brokers?

WATCH OUT! YOU WANT THE BEST FOR YOU!

– Training
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– Accountability
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Contact us now and let’s meet to bring your business to the next level.

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