While U.S. buyers continue to struggle, foreign buyers generally see U.S. real estate as a desirable, profitable and secure investment. In addition, a weak U.S. dollar has made Florida real estate even more attractive recently. The National Association of Realtors®, in cooperation with Florida … [Read more...]
Interest in luxury real estate is picking up
Interest in luxury real estate is picking up, according to a survey for United Marketing, which found that the percentage of people with incomes greater than $306,000 a year who plan to buy homes has risen from 3 percent in 2008 to 11 percent this year. Laurie Moore-Moore, CEO of The Institute … [Read more...]
Ricky Martin Lowers Price on Mansion to $18.9 million
Martin bought an oceanfront estate in Golden Beach, Fla., for $16.25 million in April 2007. Six months later, he put the property on the market for $22.5 million, seeking a 38 percent return on the five-bedroom, seven-bathroom estate. But it didn’t work out for him. After two years on the market, … [Read more...]
Home Purchase Applications Rise 6.3%
Applications to purchase homes increased 6.3 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly survey. On an unadjusted basis, purchases rose 4 percent compared to the previous week, but were down 38.8 percent … [Read more...]
Home prices rose in June for the third straight month
WASHINGTON (AP) – Sept. 1, 2010 – U.S. home prices rose in June for the third straight month amid a burst of homebuying due to tax incentives that have since expired. The Standard & Poor’s/Case-Shiller 20-city home price index posted a 1 percent increase in June from May and was up 4.2 … [Read more...]
Fantastic opportunity to own a home in South Florida at 50% or less of 2006 values
Fantastic Investment opportunities in South Florida at 50% or less of 2006 values. The Opportunity There has seldom been a better opportunity to enter the South Florida Real Estate Market. Prices on most properties are still down 50% or more even if some exclusive properties still hold … [Read more...]
Miami Condo Sales up, Single Family Down but prices up in July
As a result of the end of the temporary tax reduction for new home buyers existing home sales in Miami slid 8 percent, to 593 homes sold in July from 643 a year ago. The median price, however, edged up 3 percent, to $199,300 from $192,700. Greater Miami saw existing condo sales jump 43 … [Read more...]
Market growing for Family Vacation homes
ORLANDO, Fla. – Aug. 23, 2010 – Second homes, whether in the mountains or at the beach, have long had a strong family appeal. In recent years, savvy developers have been building communities aimed at families in the same way they once built for avid golfers, skiers or tennis players. Many of the … [Read more...]
Stop renting – Buy – Build Credit and Save
Success Seminar at the Flamingo on building credit and the current market opportunity On Thursday August 19 Keyes Realtors Nalene Rampersaud, Orlando Irsula and Stefan Latt held a 90 min lunch seminar advising renters on building credit and exploring the current market opportunity. Once again it … [Read more...]
Available Homes for sale in South Fla. dropped 35% since July 2008
WEST PALM BEACH, Fla. – Aug. 17, 2010 – The number of homes and condominiums for sale across South Florida has steadily declined over the past two years, an encouraging sign for the region’s battered housing market. Still, industry observers worry about a sizable “shadow inventory” of foreclosed … [Read more...]