South Florida housing market tops in state, report says

south Florida’s housing market ranks as the most stable in the Sunshine State, according to a report Wednesday from mortgage company Freddie Mac.

The metro area of Palm Beach, Broward and Miami-Dade counties scored 82.4 in June on Freddie’s Multi-Indicator Market Index, up 14 percent from a year ago.

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

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http://www.sun-sentinel.com/…/fl-freddie-mac-housing-201508…

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Do you want to know about Broward County Town House and Condos for Florida Real Estate statistics for Q2 2015 ?

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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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Lack of land hampers housing starts

Broward County housing starts increased in the second quarter, though home construction remains at low levels because of a lack of buildable land.

Builders started 368 units in Broward from April through June, up 19 percent from a year earlier, the Metrostudy research firm said Wednesday. The annual “starts pace” — a tally of housing starts from the past four consecutive quarters -— was at 1,229 units, a 14 percent increase from the prior year.

Palm Beach County homebuilding was more active in the second quarter, though starts dropped 3 percent, to 618 from 636 a year ago, Metrostudy said. Annual starts also decreased to 2,006, down 11 percent.

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http://www.sun-sentinel.com/business/realestate/fl-housing-starts-20150805-story.html

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July 2015:Do you want to know about your neighborhood Real Estate statistics? Falcon’s Lea Patio in Davie/FL.

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

July 2015 :Do you want to know about your neighborhood Real Estate statistics? Davie, Cooper Cit and Southwest Ranches.

Here are the stats for the area in West Broward between Stirling /Volunteer / Flamingo and Griffin & Stirling / Sheridan and Volunteer / Flamingo

Foreclosure rate falls in South Florida

The foreclosure rate in Miami-Dade and Broward continues to fall as the economic recovery heals the local housing market.

The percentage of Miami-Dade homes in foreclosure in May was 3.68 percent, according to a report from the property analytics firm CoreLogic released Tuesday.

That’s down from 3.88 percent in April and 6.61 percent in May 2014.

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http://www.miamiherald.com/news/business/real-estate-news/article29094796.html

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