More buyers are paying cash for real estate. About 28 percent of sales were all-cash transactions last year, according to the National Association of REALTORS®. In October 2008, the rate was 14 percent for comparison. Indeed, cash buyers made up more than half of all transactions in the … [Read more...]
U.S. commercial real estate market to improve in 2011
February 9, 2011 by
The U.S. economy is poised for major acceleration in employment growth, with 3.2 million jobs projected to be added in the next 12 months, according to Cushman & Wakefield's Economic Pulse regional reports, which provide a 2011 outlook for commercial real estate in the Americas, Europe and Asia … [Read more...]
The “W” South Beach reaches over 100 sales mark
February 5, 2011 by
The W South Beach condo-hotel in Miami Beach has topped the 100-unit sales mark, with around 25 percent of the 408-unit project now sold as of the end of the year, according to a report from Condo Vultures. The W South Beach sold condos at an average of 12 units per month in 2010. Prices varied … [Read more...]
Florida’s low house prices attract Swedes
January 31, 2011 by
Swedes are attracted to buy Real Estate in the Sunshine State where the housing market collapsed during the financial crisis. Prices have not recovered, while the krona has gained strength against the dollar. Link to original article in Swedish … [Read more...]
Miami tops list of Cities where it’s cheaper to buy than rent
January 25, 2011 by
MIAMI – It’s cheaper to buy a home rather than rent one in 72 percent of the 50 largest U.S. cities, according to Trulia’s rent vs. buy index, which compares the total cost of homeownership to the cost of renting. “Since the start of the ‘Great Recession,’ many former homeowners have flooded the … [Read more...]
Florida’s home and condo sales up in Dec. and for 2010
January 21, 2011 by
Sales of existing homes and condominiums in Florida rose in December, a positive trend also reported at the close of 2010 as statewide sales activity posted gains over the previous year, according to the latest housing data released by Florida Realtors®. A total of 15,550 existing single-family … [Read more...]
Downtown Miami condo “Mint” sees sales surge following price cuts
January 20, 2011 by
Following a $160-per-square-foot price cut at the new Mint at Riverfront condominium in Downtown Miami, owner ST Residential sold off 100 individual units -- or around one fifth of the inventory -- during the fourth quarter of 2010, according to a new report from Bal Harbour-based brokerage Condo … [Read more...]
December Home Sales Jump
January 20, 2011 by
Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 … [Read more...]
Real Estate funds gain 27 percent 2010
January 6, 2011 by
NEW YORK – Jan. 6, 2011 – Despite rumors of an upcoming collapse in commercial real estate, real estate mutual funds continue to bring home solid returns. Investors bracing for part two of the financial crisis, this time in commercial real estate, missed out on a 27.6 percent gain, according … [Read more...]
Short sales up 49 percent in South Florida
January 6, 2011 by
Residential short sales rose 49 percent year-over-year in 2010, according to a report from Condo Vultures. There were 16,800 residential properties sold in the tri-county area in 2010 that were transacted at prices below the outstanding loan amount owed by sellers. In 2009, only 11,300 properties … [Read more...]
