Tag Archives: Southwest Ranches

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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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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Locked out of boom, buyers hunt for new housing hot spots

Lionel and Tanya Lightbourne have been house hunting for 11 years — longer than they’ve been married.

They still haven’t closed a deal.

Their credit is good. They’ve found financing. But skyrocketing home values have priced them out of South Florida’s housing boom, even in the inexpensive North Dade area of Ives Estates where they want to live. Too often the old and creaky homes they can afford fail inspections required by first-time home buyer mortgage programs.

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http://www.miamiherald.com/…/real-esta…/article35702148.html

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Do you want to know about Broward County Single Family Homes for Florida Real Estate statistics for Q2 2015 ?

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Peebles pulls out of Miami Beach condo project

Developer Don Peebles is pulling out of an ultra-luxury condo project he had planned for an oceanfront property in Miami Beach.

Peebles has put the small lot at 6747 Collins Ave. on the market for an undisclosed price, a spokeswoman confirmed Tuesday. The original plan for the project, called the Bath Club Estates, was to build a 15-story tower with just 13 units, including a 9,000-square-foot penthouse marketed for $50 million.

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http://www.miamiherald.com/news/business/real-estate-news/article31470118.html

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Home prices may be rising too fast

South Florida home prices posted steady gains in the second quarter, but slower growth would be better for the housing market long term, according to a new report.

The median price for single-family homes in Palm Beach, Broward and Miami-Dade counties was $289,900, up 7.4 percent from the second quarter of 2014, the National Association of Realtors said Tuesday.

The median for condominiums rose 7.1 percent to $156,300. The median means half sold for more and half for less.

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http://www.sun-sentinel.com/…/fl-second-quarter-home-prices…

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