Posts Tagged South Florida

South Florida Real Estate Continues to Attract Investors

The real estate problems of South Florida have found some relief in foreign investors these days. The 2012 and 2013 real estate market saw investors and private buyers coming back to this part of the state in droves. By September 2013, 93 percent of the unsold condos from before the crash are sold. Condominium prices rose by 33 percent from July 2012 to July 2013. Several new condominium projects are in construction or planning.The real estate problems of South Florida have found some relief in foreign investors these days. The 2012 and 2013 real estate market saw investors and private buyers coming back to this part of the state in droves. By September 2013, 93 percent of the unsold condos from before the crash are sold. Condominium prices rose by 33 percent from July 2012 to July 2013. Several new condominium projects are in construction or planning.

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South Florida Foreclosures Still Lead the Nation

It’s fairly common in South Florida to see abandoned homes or homes that seem badly in need of repair. Desperate homeowners find themselves unable to afford to pay their mortgage or care for their homes. South Florida foreclosures have transformed many thriving communities into ghost towns. It’s fairly common in South Florida to see abandoned homes or homes that seem badly in need of repair. Desperate homeowners find themselves unable to afford to pay their mortgage or care for their homes. South Florida foreclosures have transformed many thriving communities into ghost towns.

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Florida leads the nation in Foreclosures with three times the national average

Realtors will tell you that the market is heating up. They are clamoring for listings and the ones they get sell within days, with multiple offers and usually for over asking price. But statistics still show that Florida is the Foreclosure leader, and South Florida is the capital.Realtors will tell you that the market is heating up. They are clamoring for listings and the ones they get sell within days, with multiple offers and usually for over asking price. But statistics still show that Florida is the Foreclosure leader, and South Florida is the capital.

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Florida’s 2012 Legislature Aims to Help Homeowners with Proposed Foreclosure Bills

Foreclosure rates in Florida are much higher than the rest of the nation and South Florida tops them all. According to CoreLogic, the foreclosure rate in Miami-Dade County in October 2011 was 18.13 percent, while the national foreclosure rate was only 3.51 percent. Foreclosure rates in Florida are much higher than the rest of the nation and South Florida tops them all. According to CoreLogic, the foreclosure rate in Miami-Dade County in October 2011 was 18.13 percent, while the national foreclosure rate was only 3.51 percent.

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August Newsletter

Short sales are exceeding the number of foreclosure sales in South Florida, another sign that the region’s battered housing market is healing. Broward County had 1,831 short sales in the first three months of 2012, compared with 1,476 foreclosure deals, according to the RealtyTrac listing firm. RealtyTrac, of Irvine, Calif., noticed the trend with the release of January figures.Short sales are exceeding the number of foreclosure sales in South Florida, another sign that the region’s battered housing market is healing. Broward County had 1,831 short sales in the first three months of 2012, compared with 1,476 foreclosure deals, according to the RealtyTrac listing firm. RealtyTrac, of Irvine, Calif., noticed the trend with the release of January figures.

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