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.

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http://www.sun-sentinel.com/business/realestate/fl-second-quarter-housing-starts-20160809-story.html

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Ramp from Northbound I-75 to Eastbound Miramar

Case-Shiller index: Home prices up 8.1 percent in South Florida

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).

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http://www.sun-sentinel.com/business/realestate/fl-case-shiller-november-20160126-story.html

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As wealthy Brazilians snap up Miami real estate, few benefit

Facing a teetering economy at home, wealthy Brazilians have been pouring money into what they increasingly see as the safest place to invest: South Florida real estate.

So are Argentinians, Colombians, Mexicans, Venezuelans, French and Turks — almost anyone with money to shelter, a direct flight to Miami and a shaky economy to flee.

Their cash has helped drive the latest twist in Miami’s ever-evolving transformation — from a 19th century rail stop to a tourist-and-retiree hub to a haven for Cuban refugees to now a harbor for global investors. No American skyline has undergone a more drastic face-lift from foreign cash in the past decade: Luxury condo towers and swanky retailers crowd a downtown once marred by empty lots.

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http://www.sun-sentinel.com/business/realestate/sfl-miami-real-estate-brazilians-story.html

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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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Do you want to know about Broward County Florida Real Estate statistics for Townhouse & Condos for September 2015?

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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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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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South Florida’s home prices rising more slowly

House prices keep climbing in South Florida, though the region is losing ground to other areas nationwide, a new report shows.

Prices in Palm Beach, Broward and Miami-Dade counties rose 7.3 percent in July from a year ago, the 17th consecutive increase, according to the Standard & Poor’s/Case-Shiller home price index.

South Florida has ranked among the top three metro areas for price gains and even led the nation last summer. But San Francisco (10.4 percent), Denver (10.3), Dallas (8.7) and Portland (8.5) moved past the tri-county area in the latest survey.

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http://www.sun-sentinel.com/business/realestate/fl-case-shiller-housing-20150929-story.html

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South Florida housing market gets favorable rating from Freddie Mac

South Florida’s housing market continues to inch higher on a national index released by mortgage company Freddie Mac.

The tri-county region of Palm Beach, Broward and Miami-Dade counties scored 83.7 in July on Freddie’s Multi-Indicator Market Index, up 14 percent from a year ago.

The index measures housing markets across the country by tracking home loan applications, affordability, mortgage loan delinquencies and employment. A composite score of at least 80 is considered favorable or stable. A perfect score is 100.

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http://www.sun-sentinel.com/business/realestate/fl-freddie-mac-housing-20150923-story.html

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