Rochester, N.Y. and the Florida cities of Fort Lauderdale, Orlando and Tampa have ranked in the top 10 best housing markets for investors in rental properties, according to a report released today by HomeVestors of America, a property investment firm, and Local Market Monitor, a real estate data … [Read more...]
Chase Bank pays Florida homeowners to short sell!
July 5, 2011 by
Since last fall, Chase Bank has been quietly offering some Florida homeowners a deal they can't refuse, according to the Sun Sentinel. In return for $10,000 to $20,000, borrowers behind on their mortgage payments will agree to a short sale. In other words, Chase is forgiving homeowners the money … [Read more...]
Miami sales up 46 percent
June 24, 2011 by
Sales of existing condominiums in the Miami metropolitan area rose 46 percent in May, compared to the same period in 2010, according to data from the Miami Association of Realtors. There were a total of 1,420 condo sales last month, up from 972 in May 2010. Single-family home sales also showed an … [Read more...]
Miami high end homes show strong performance
June 22, 2011 by
Just like its surging rental market, Miami's high-end residential sector has been showing significant improvement in the first five months of 2011. "What's happened over the last 24 months is really kind of phenomenal," EWM President Ron Shuffield told The Real Deal. "When you think about what a … [Read more...]
South Florida inventory down to half compared to 2008
June 21, 2011 by
The total number of residential resale units in South Florida has dropped below 50,000 for the first time since the real estate crash, according to a new report from brokerage and consultancy Condo Vultures. As of Monday, there were a total of 22,200 single-family homes and 27,700 condos … [Read more...]
Palm Beach home sells for $25M
June 20, 2011 by
The home at 1472 South Ocean Boulevard has been sold for $25 million, according to a deed recorded in Palm Beach County Circuit Court. The home, which was designed by architect John Volk, was built in 1953. Owners William and Kathleen Wallace purchased the home for $5.95 million in 1996, … [Read more...]
New U.S. home sales reach peak for year
May 27, 2011 by
New home sales inched upward nationwide to a seasonally adjusted annual rate of 323,000 in April 2011, the highest level achieved this year, according to a report released today by the Department of Commerce. In the trailing 12 months, only December 2010, when many expected the first-time homebuyer … [Read more...]
Sunny Isles condominium sells for over $1,000 per square foot
May 26, 2011 by
Jade Ocean The sale of a condominium at Jade Ocean in Sunny Isles was the highest recorded MLS sale measured by price per-square-foot in Sunny Isles, according to MC2 realty. The penthouse at Jade Ocean, which sold for $3.25 million, sold for an average of $1,020 per square foot, a record for Sunny … [Read more...]
U.S. home sales by foreign buyers surge
May 23, 2011 by
WASHINGTON – May 19, 2011 – The U.S. continues to remain a top destination for foreign buyers as international purchases surged by $16 billion this year – one of the highest increases in recent years – according to the National Association of Realtors®’ 2011 Profile of International Home Buying … [Read more...]
Florida’s home sales continue to rise in April 2011
May 21, 2011 by
ORLANDO, Fla. – Florida’s existing home and existing condo sales rose in April, according to the latest housing data released by Florida Realtors®. Existing home sales increased 2 percent last month with a total of 17,192 homes sold statewide compared to 16,781 homes sold in April 2010, according to … [Read more...]
