Miami-Dade Pending Real Estate Sales Spike 9 Percent in One Month
By Deborah Boza-Valledor - March 05, 2010Miami, FL – Pending home sales increased 9 percent in February, from 8,388 to 9,164, in Miami-Dade County from the previous month and 61 percent from a year ago.
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Florida population expected to rebound
By South Florida Business Journal - March 02, 2010After losing residents for the first time in more than a half century in the last year, Florida is on target to add about 23,000 residents between April 1, 2009, and this April, according to population projections released today by the University of Florida’s Bureau of Economic and Business Research.
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Dezer Properties takes stake in Sunny Isles Beach Trump Towers
By miamiherald.com - February 28, 2010Dezer Properties is now the owner of Trump Towers, and it's selling condominium units at discounted prices.
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Florida home, condo sales rise, prices decline
By South Florida Business Journal - February 27, 2010Sales of existing homes and condos in South Florida rose in January, though prices continued to fall.
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Condo Sales May Be The Icon Of Downtown Rebirth
By cbs4.com - February 25, 2010It's been called the ground zero of Miami's condo craze: Icon Brickell. More than 1,200 luxury units hit the market as South Florida's real estate crashed. A year after its first tower opened, a majority of the units are still dark.
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FAR: Home, condo sales up across South Florida
By South Florida Business Journal - February 15, 2010Sales of existing single family homes and condos were up in Miami-Dade, Broward and Palm Beach counties in the fourth quarter, compared to the same period a year earlier, according to Florida Realtors. At the same time, prices slid in all three counties.
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U.S. jobless rate drops to 9.7 percent
By G. Scott Thomas for South Florida Business Journal - February 05, 2010The U.S. Bureau of Labor Statistics reported Friday morning that 9.7 percent of the nation’s workforce was unemployed in January. That was down from 10 percent the month before.
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Nicolas, Bernard, Charlotte et Sylvie dans la presse américaine
By frenchmorning.com - January 29, 2010Dans la presse américaine cette semaine, la polémique déplacée France-Etats-Unis sur l'aide à Haïti, l'interdiction de la Burqa, la présence remarquée de Charlotte Gainsbourg et la nomination de la nouvelle directrice du Monde.
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High-End Home Prices Gain in 12 U.S. Cities, Including Miami
By Prashant Gopal for businessweek.com - January 27, 2010Prices for the most expensive U.S. homes rose in 12 of 17 cities tracked by S&P/Case-Shiller indexes in November, indicating efforts to help first-time homebuyers are also leading to move-up purchases.
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South Florida home sales up as prices stabilize
By Miami Herald - January 26, 2010In December, South Florida home sales continued to rise but prices still went down -- although at a slower rate.
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Florida existing home, condo sales up in 2009
By South Florida Business Journal - January 26, 2010After one of the worst housing downturns in recent memory, the state’s real estate market ended 2009 on a positive note.
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S. Fla. inflation rate lower than national average
By Florida Business Journal - January 15, 2010South Florida's beleaguered housing prices and cheaper clothing helped hold down the rate of inflation in the region compared with the national average in 2009, the federal Bureau of Labor Statistics reported Friday.
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Increased foreign investment expected in US in 2010
By hotelnewsnow.com - January 12, 2010INTERNATIONAL REPORT—Despite being battered by one of the worst slumps in history, the U.S. hotel sector should expect to see an increase in foreign investment in 2010, experts said.
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Trulia: Fewer sellers cutting home prices
By South Florida Business Journal - January 12, 2010Fewer people selling their homes cut their listing price in December, according to the latest numbers from San Francisco-based Trulia.com.
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20 predictions for real estate and the economy
By Joel Ross for HotelNewsNow.com - December 31, 2009Here are some thoughts from a recent major real-estate conference on where the industry and economy are headed:
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10 stories that drove Florida's economy in 2009
By DOUGLAS HANKS for Miami Herald - December 29, 2009Economic gloom picked up steam in 2009, then retreated a bit in the face of renewed confidence. The real estate market may have finished its race to a historic new low. But employers continued slashing jobs, undermining an already battered economy. A great big cruise ship arrived to cheer up Fort Lauderdale's gloomy hotel market.
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Florida’s existing home sales up 12%
By southflorida.bizjournals.com - December 23, 2009The extension of the homebuyer tax credit, combined with lower prices, continued to push up existing home and condo sales in the tri-county area and across Florida in November.
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2009 brutal for South Florida condo sales, but signs encouraging
By MONICA HATCHER for miamiherald.com - December 21, 2009Miami's skyline at dusk tells the story of the condo crisis in stark relief: Some of the luminous towers beam with life, others flicker half-full, and still others are completely dark, mired in legal disputes over past-due loans and stalled sales.
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La présence économique française en Floride
By consulfrance-miami.org - December 19, 2009Traditionnellement, les régions qui accueillent une forte activité économique et industrielle ne sont pas des lieux de villégiature. Vice versa, le tourisme et la qualité de vie trouvent difficilement leur place au cœur des grandes agglomérations souvent congestionnées. La Floride en général et le sud de l’Etat en particulier ont certainement trouvé le meilleur compromis possible.
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Banks circling Miami's ICON Brickell condos
By MONICA HATCHER for miamiherald.com - December 17, 2009Speculation is intensifying about the fate of the ICON Brickell condominium, the $1 billion crown jewel of Miami condo developer Jorge Perez.
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Population shifts could boost Calif, NY in census
By Floridarealtors - December 15, 2009A steady flow of new immigrants is providing a late-decade population boost to major metropolitan areas such as Chicago, Miami, New York and Los Angeles, whose states are seeking to stem declines before the 2010 census.
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Obama urges banks to get lending
By Floridarealtors - December 15, 2009President Obama vowed to “recover every last dime” of taxpayer funds that went to rescue Wall Street, as banking giants Citigroup and Wells Fargo announced plans Monday to repay Uncle Sam.
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In reality, those real estate shows are really fake
By Floridarealtors - December 10, 2009Flip on your television and tune into HGTV’s “House Hunters” and you might see yet another set of Chicago homebuyers and a local real estate agent in action.
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Artech bulk buy price down 31%
By South Florida Business Journal - December 9, 2009A $6.3 million bulk buy of 20 units at Artech Residences at Aventura was 31 percent less per square foot than another bulk purchase that occurred there this summer.
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Prices slashed on 25% of homes in Miami in Q3
By South Florida Business Journal - December 9, 2009Twenty-five percent of homes listed for sale in Miami have had their prices reduced at least once between June and December, according to Trulia. The national figure is 22 percent.
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Florida home prices up 0.6% in Q3
By South Florida Business Journal - December 9, 2009There’s a bit of good news in what otherwise has been a bleak housing market.
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Beige Book: Southeast economy "mixed"
By South Florida Business Journal - December 2, 2009After a retreat in early fall, The Southeast’s economy was once again “mixed” in October through mid-November, according to the Federal Reserve's Beige Book report released on Wednesday.
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Condo bulk buyers enliven market
By MONICA HATCHER for miamiherald.com - November 26, 2009The sale of large blocks of South Florida condos is picking up, as lenders try to wash away inventory and bad loans from their books before the end of the year.
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Case-Shiller: Miami home prices up in September
By South Florida Business Journal - November 24, 2009Miami home prices ticked up 0.05 percent in September over August, but remained down 16.2 percent, year-over-year, according to the latest S&P Case-Shiller 20-city home price index.
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Fannie Mae: Recession unofficially over
By Jeff Clabaugh for South Florida Business Journal - November 18, 2009In declaring the recession "unofficially" over, Fannie Mae's monthly economics and mortgage market analysis predicts the economy will achieve reasonable growth in the fourth quarter.
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Florida foreclosures slow in October
By South Florida Business Journal - November 13, 2009Florida experienced the first year-over-year decrease in foreclosure activity since July 2006 – down 4 percent, year-over-year, in October, according to RealtyTrac.
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5% of Americans plan to buy a home next year
By floridarealtors.org - November 12, 2009One in 20 Americans say they plan to buy a home within the next year, and they’re most likely to be 34 years old or younger and living in the South or West, according to a survey released Wednesday.
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Existing home sales up in Florida, nationwide
By South Florida Business Journal - November 11, 2009Sales of existing single-family homes in Florida rose to 44,345 in the third quarter, up 33 percent from the 33,311 homes sold during the same period a year ago, according to the latest statistics from Florida Realtors.
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Slightly fewer South Florida homes 'underwater'
By MONICA HATCHER for miamiherald.com - November 10, 2009Nearly half of all owners of single-family homes in the Miami-Fort Lauderdale metropolitan area were underwater at the end of the third quarter, meaning their homes were valued for less than the mortgages owed against them.
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Owing more than the house is worth
By Paul Owers - November 9, 2009The number of "underwater" mortgages in South Florida declined in the third quarter, but only slightly.
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Moving Beyond the Recession Nightmare
By Polyana da Costa for globest.com - November 04, 2009MIAMI-There is no question the past 12 months have been a nightmare for South Florida dealmakers. But if it’s any consolation, the worst may be behind them.
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Pending home sales surge in September
By South Florida Business Journal - November 02, 2009A rush of first-time homebuyers pushed pending home sales up for the eighth consecutive month, the longest streak since the National Association of Realtors began keeping track.
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Starwood is new player in condo market
By MONICA HATCHER for miamiherald.com - October 06, 2009South Florida's battered condo market just got a major new player.
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Real-estate flippers back in S. Florida
By Paola Iuspa-Abbott - October 06, 2009Taking advantage of low prices and a wave of foreclosures, real-estate investors have returned to South Florida to snap up bargains -- but this time they could be a help.
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Condo Meltdown: Sale of condo lender likely to reset market prices
By KIMBERLY MILLER for miamiherald.com - October 09, 2009Commercial real estate veterans predict the sale of loans held by failed lender Corus Bank could further batter South Florida’s new condo market — ushering in a deeper price correction needed before the condo market can begin a road to recovery.
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Study: Housing more affordable for move-up buyer
By dailybusinessreview.com - September 25, 2009Welcome to Grayling, Mich., where residents paddle canoes through town on the winding AuSable River, ride snowmobiles on forest trails and take scenic walks among 150-year old trees at Hartwick Pines State Park.
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South Florida home prices drop, fueling buying frenzy
By JIM WYSS for Miami Herald - September 24, 2009August home sales saw another uptick amid price declines. But when it comes to buying foreclosures, buyers have to come armed with patience and cash.
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Home sales rise in Florida, fall nationwide
By South Florida Business Journal - September 24, 2009Existing home sales in Florida have risen for a full year, according to the latest housing data released by the Florida Association of Realtors.
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Downtown Miami enjoys mini-boom over cut-price condos
By MONICA HATCHER for The Miami Herald - September 04, 2009Dramatic price cuts by developers under the gun to pay off lenders have boosted sales in Miami's downtown condo market.
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Meltdown 101: Commercial real estate in distress
By floridarealtors.org - July 27, 2009The residential housing market went into a tailspin over a burst housing bubble and a whole lot of bad mortgages. The commercial real estate market has suffered a different sort of one-two punch.
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For more people, scales tip toward buying a home
By Day Buisness Review - July 23, 2009For Aaron Carter, a musician who was struggling to fit a drum set, a piano and three guitars into his 600-square-foot apartment in Phoenix, the math on owning a home finally began to work in his favor.
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South Florida International Real Estate Update
By NAR International Real Estate Report - July 16, 2009While Florida has long been the top state for international buyers, the current real estate market is attracting U.S. and overseas investors due to low prices and an increased number of bank-owned distressed properties, according to the National Association of Realtors and the Florida Association of REALTORS.
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New loan program offers perks for buyers that worries some critics
By Paola Iuspa-Abbott for dailybusinessreview.com - July 10, 2009IAt a time when financing home purchases can be extremely difficult, Fannie Mae is pushing a mortgage program aimed at selling hundreds of foreclosed South Florida properties on its books.
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Is the worst over for South Florida housing market ?
By MONICA HATCHER for miamiherald.com - June 24, 2009Is the South Florida housing market finally touching bottom? The answer, of course, can only be seen in the rearview mirror, but analysts agree that the most terrifying part of the downward slide is behind us.
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Florida’s existing home, condo sales up in May 2009
By Florida Association of Realtors for floridarealtors.org - June 24, 2009Florida’s existing home sales rose in May – the ninth month in a row that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR).
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Report: South Florida's economic recovery may be near
By CLIFFORD M. MARKS for Miami Herald - June 18, 2009A new study suggests that Florida should get extra federal stimulus money because the state has been so hard-hit by the recession.
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New residents filling up Miami's condo ghost towns
By Monica Hatcher for Miami Herald - June 16, 2009With dark windows dulling Miami's twinkling skyline, newly built condo towers may look ghostly. But that's changing as the downtown area quickly fills up with flesh-and-blood residents.
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Le rebond de l'immobilier n'interviendra pas de sitôt
By Caroline Mignon for JDF HEBDO - June 04, 2009La crise immobilière étant à l'origine même de la récession, il était bien naturel de s'imaginer que la hausse des prix de la pierre initierait également la reprise.
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Homes in foreclosure-ridden Miami-Dade projects are top sellers
By MONICA HATCHER for miamiherald.com - June 03, 2009The foreclosure tsunami that has washed over Miami-Dade County's town home and condo market is helping to wipe the slate clean for some projects with the worst foreclosure problems.
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