A firm led by a Belgian investor has acquired the sites of two planned South Beach apartment projects in a deed in lieu of foreclosure and a short sale. The largest deal involved a 12-unit apartment project in mid-construction in which Banco Popular North America let the developer sell the … [Read more...]
Miami-Dade County sees jump in home sales under contract
December 27, 2010 by
Pending contracts of condos and townhouse in Miami-Dade County are up from last year, according to a report from Condo Vultures. Available resale units decreased and there were fewer condo and townhouse units listed on the resale market in Miami-Dade. … [Read more...]
Economic Growth in the U.S. Exceeds Forecast
December 27, 2010 by
A rash of favorable economic reports, including a jump in consumer spending and a drop in layoffs, are offering hope for a pickup. Moreover, new Commerce Department data show U.S. gross domestic product grew 2.6 percent in the third quarter — not 2.5 percent as initially reported. The … [Read more...]
Investors show confidence in market
December 21, 2010 by
Investors are starting to look at riskier deals and are willing to take on more risk to get returns, as they see signs that the economy is likely to avoid a double-dip recession, according to PricewaterhouseCoopers' real estate investor survey. "The sentiment among investors has improved … [Read more...]
Fewer foreclosures – expected rise in property values
December 15, 2010 by
WASHINGTON – U.S. Credit bureau TransUnion predicted Thursday the number of delinquent mortgage accounts would drop by nearly 20 percent next year. The number of delinquent accounts – those with payments 60 days past due – is predicted to fall to 4.98 percent by the end of 2011 from 6.89 percent … [Read more...]
LeBron James buys Miami mansion for $9 million
December 13, 2010 by
Miami Heat star LeBron James has paid $9 million for a 12,000-square-foot home on the bay in Coconut Grove with six bedrooms and 8.5 bathrooms, according to two sources. The 20,000-square-foot lot, has a concrete dock that can fit two, 60-foot yachts. James joins his other high-profile … [Read more...]
Indian Creek Island Mansion for sale for $32.5 mil
December 10, 2010 by
Indian Creek Island is located 100 yards / meters west of Surfside where you can find houses from 300,000. Indian Creek is the most Private and Exclusive Island in Miami and residences for sale today range between 14 and 60 mil. Link to all properties Link Franklin Resources Chairman Charles … [Read more...]
Art Basel jumpstarts residential sales activity in Miami Beach
December 10, 2010 by
Art Basel jumpstarts residential sales activity in Miami Beach The curators and artists are on their way back to their galleries, but a number of attendees could be returning to ink deals on homes after a highly active Art Basel Miami Beach this past weekend. Brokers say this year's Art Basel … [Read more...]
Strong rebound in pending home sales
December 3, 2010 by
WASHINGTON – Pending home sales jumped 10.4 percent in October, showing another positive uptrend since bottoming in June, according to the National Association of Realtors®. The Pending Home Sales Index (PHSI), a forward-looking indicator, rose to 89.3 based on contracts signed in October from … [Read more...]
Pending Home Sales up 23% – condo sales up 34%
November 11, 2010 by
Miami-Dade County saw another positive month in October, as pending home sales, including single-family homes and condominiums, increased 23.6 percent compared to October 2009, according to data from the Miami Association of Realtors. International buyers, especially from Latin American … [Read more...]
