The total number of cumulative pending home sales, including condos and single family homes rose in Broward County by 7.7 percent last month, compared to the same period in 2010. "Rising pending home sales in Broward County are a positive indication of future market activity," said Terri Bersach of … [Read more...]
Homeowners, like corporations, chose Strategic Defaults
March 1, 2011 by
She has a sales job with a six-figure salary. He owns a successful tech company. And they are in foreclosure. But unlike countless other Americans faced with losing their homes, this couple could make the $5,200 monthly mortgage on the waterfront property in Pompano Beach that they bought for … [Read more...]
H&M is coming to South Beach
February 25, 2011 by
After years of searching for the perfect location, H&M has settled on Lincoln Road to make its entry into Miami-Dade County. Bargain-hunting fashionistas can celebrate: H&M is finally arriving in Miami. The Swedish retailer, whose full name is Hennes & Mauritz, announced plans … [Read more...]
U.S. new home sales up 18%, prices up 5%
February 25, 2011 by
New single-family home sales reached a seasonally adjusted annual rate of 284,000 in January, according to the U.S. Department of Commerce, up 18.6 percent from the same month a year earlier, with a standard deviation of 15.4 percent. The seasonally adjusted estimate for new houses for sale at … [Read more...]
Miami condo sales surge 134%
February 24, 2011 by
Sales of Miami condominium units jumped 134 percent last month compared to January 2010, according to a report from the Miami Association of Realtors. There were a total of 1,262 condo unit sales last month, compared to just 540 in January of last year. The report is based on data from the … [Read more...]
Consumer confidence jumps in Jan.
February 22, 2011 by
WASHINGTON – Feb. 22, 2011 – The Conference Board Consumer Confidence Index, which had increased in January, improved further in February. The Index now stands at 70.4, up from 64.8 in January. The Present Situation Index improved to 33.4 from 31.1. The Expectations Index increased to 95.1 from 87.3 … [Read more...]
Luxury is Making a Comeback
February 22, 2011 by
Uber-rich Americans are spending again, on everything from fancy cars to second homes. "Personal embracement of luxury is now back to (pre-recession) 2007 levels," marketing specialist Jim Taylor, author of “Selling to the New Elite,” told USA Today. "We're seeing that in cars, private jet … [Read more...]
Brazilians lead South Florida foreign homebuyers
February 15, 2011 by
An influx of Brazilian travelers in South Florida isn't just transforming the tourism industry -- it's also propping up the high-end residential real estate market in the tri-country region. According to Edgardo Defortuna of Fortune International, that's thanks in large part to a prohibitively … [Read more...]
Home Prices Stabilize in Metro Areas
February 12, 2011 by
Home sales rebounded in 49 states during the fourth quarter with 78 markets – just over half of the available metropolitan areas – experiencing price gains from a year ago, while most of the rest saw price weakness, according to the latest survey by the National Association of REALTORS®. Total … [Read more...]
Miami private island for sale
February 12, 2011 by
A nine-acre man-made island between Aventura and Sunny Isles Beach is on the market for $49.5 million, according to a report from Condo Vultures. The island was created in the 1950s as part of a massive dredging effort undertaken by the U.S. Department of Transportation. It has an assessed value of … [Read more...]
