Pending sales, closed sales and median prices rose, while the inventory of homes and condos for sale dropped in Florida’s housing market in May, according to the latest housing data released by Florida Realtors®. “The recovery in Florida’s housing market and economy continues to grow stronger and … [Read more...]

Home sale prices soar again in Florida. The exclusive world of high-end residential real estate is often narrowed to Manhattan or Beverly Hills -- but South Florida cannot be counted out. Late last month, a Miami penthouse sold for a record $25 million. Meanwhile, a developer's 10-bedroom … [Read more...]

Casa Casuarina, the famed South Beach mansion once owned by Italian designer Gianni Versace, is for sale, this time with a jaw-dropping price tag of $125 million. The for-sale listing comes as the property's owner, telecommunications entrepreneur Peter Loftin, is fighting a foreclosure action … [Read more...]

Miami, FL – For the fifth consecutive month, Miami home prices posted strong gains in April.  The median sales price of condominiums in the Miami-Dade County increased 30 percent to $150,000 compared to a year earlier, according to the 25,000-member MIAMI Association of REALTORS and the local … [Read more...]

Some real estate markets are reporting that home buyers are having to pay more than asking price to get the home they desire, as the supply of for-sale homes has shrunk, Bloomberg News reports. Bidding wars were a common part of real estate in 2006. But when the market turned from a “seller’s … [Read more...]

Investment home purchases represented nearly one-third of all existing-home sales last year, according to a National Association of Realtors® (NAR) report on second homes. This robust investment activity underscores the importance of limiting the government’s use of real estate owned (REO) bulk … [Read more...]

Waypoint, a private-equity real estate fund with $150 million in assets, is pioneering a new approach to making money from the housing crash. Since 2007, investors have been trolling the cratered suburbs stretching from California to Florida for cheap houses to flip. And firms such as PennyMac … [Read more...]

Home prices in South Florida gained momentum in February, which marked the third straight month of increases, according to Miami Realtors. Median prices for single-family homes in Miami-Dade rose 19% to a median price of $175,000 from year-ago figures, according to the Multiple Listing Service. … [Read more...]

With Mad Men reviving interest in the swank side of the '60s, and Miami always a popular setting for TV show it was only a matter of time until someone launched a show set in 1960s Miami. Premium cable channel, Starz, today announced that they've greenlit Magic City, a drama set in a fancy Miami … [Read more...]

List prices are heating up in Florida, as recovery takes hold in the Sunshine State. Florida boasts the highest number of cities in the top 10 for largest increases in median list prices in the last year. In Miami alone, median list prices have jumped 32 percent in the last year. Nationwide, … [Read more...]