Recent Market Updates
Foreign buyers are flocking to Florida condos again - Real Estate News - MiamiHerald.com
www.miamiherald.com
Nearly 800 Canadians will jam a hotel ballroom near the Toronto airport Sunday to hear the gospel of Florida real estate.<p/> High-end Brazilian buyers prefer to be wooed more intimately -- perhaps at a cocktail party or a small private dinner -- but they are just as pumped.
Demand for Miami Real Estate INCREASING! From the normally negative Miami Herald: http://www.miamiherald.com/2010/05/29/1655236/foreign-buyers-are-flocking-to.html
Foreign buyers are flocking to Florida condos again - Real Estate News - MiamiHerald.com www.miamiherald.com
Nearly 800 Canadians will jam a hotel ballroom near the Toronto airport Sunday to hear the gospel of Florida real estate.<p/> High-end Brazilian buyers prefer to be wooed more intimately -- perhaps at a cocktail party or a small private dinner -- but they are just as pumped.
Before their currency slips further, the Europeans are snatching up prime Miami Real Estate!
http://www.miamiherald.com/2010/05/11/1624913/fueled-by-overseas-buyers-condo.html
Fueled by overseas buyers, South Florida condo sales soar - Real Estate News - MiamiHerald.com
www.miamiherald.com
Nicola Schon, an Italian restaurateur with homes in Monte Carlo, Milan and New York, wanted the perfect pied-á-terre in Miami, with plenty of space, water views and amenities such as a spa, concierge and room service.
Some good news! Miami condo sales up 46% QTR 1 vs QTR 1 last year! People are getting some great deals:
http://www.miamiherald.com/2010/05/11/1623786_p2/floridas-existing-home-condo-sales.html
Florida's Existing Home, Condo Sales Up in 1Q 2010 - Real Estate - MiamiHerald.com www.miamiherald.com
Two charts showing statistics for Florida and its MSAs are attached. One chart compares the volume of existing, single-family home sales and median sales prices in the first quarter of 2010 to the first quarter of 2009, based on Realtor closed transactions from local Realtor boards/associations w...
South Florida Condo Market Sales Up for Miami, Broward and Palm Beach Counties:
http://therealdeal.com/miami/articles/29325/elert
The Real Deal | South Florida Real Estate News
therealdeal.com
The Real Deal Magazine provides cutting edge news on the real estate market in South Florida and beyond.
More Positive RE News:
http://www.bloomberg.com/apps/news?pid=20601087& sid=aXBhfCKieFHQ&pos=2
www.bloomberg.com
Builders in April broke ground on more U.S. homes than anticipated as buyers took advantage of a tax credit before its expiration.
Good news courtesy of the "old gray lady":
http://www.nytimes.com/2010/04/21/realestate/commercial/
21miami.html?ref=realestate
Square Feet - Sales Rise in Miami as Low Prices Attract Investors - NYTimes.com
www.nytimes.com
Condos with sales contracts nearly doubled in March from a year earlier in Miami-Dade County, where prices have fallen by 51 percent since 2007.
More Signs of Housing Stabalizing:
http://www.nytimes.com/2010/04/06/business/economy/
06econ.html?hp
U.S. Home Sales Rose Sharply in February - NYTimes.com
www.nytimes.com
Pending home sales rose 8.2 percent in February, far exceeding expectations, suggesting that Americans took advantage of tax credit for home buyers.
Florida’s Existing Home, Condo Sales Up in February:
http://southflorida.bizjournals.com/southflorida/stories/
2010/03/22/daily19.html
S. Fla. existing home, condo sales rise - South Florida Business Journal:
southflorida.bizjournals.com
S. Fla. existing home, condo sales rise
Miami too is experiencing better than expected RE news:
http://www.miamiherald.com/2010/03/11/1525583_new-life-in-the-big-city-as-condos.html
New life in downtown Miami as condos fill up - Real Estate News - MiamiHerald.com
www.miamiherald.com
Out of the ashes of the downtown Miami condo collapse, a bright spot is emerging: a community of full-time residents slowly starting to turn the area into a 24/7 city.
More positive news about the nation's real estate industry:
http://www.bloomberg.com/apps/news?pid=20601087&sid=
ajt_govc17as&pos=5
Real-Estate Recovery Signaled With Homebuilders as Fed Unwinds - Bloomberg.com
www.bloomberg.com
The U.S. housing market is poised to withstand the removal of government and Federal Reserve stimulus programs and rebound later in the year, contributing to annual economic growth for the first time since 2006.
Florida bucks national trend of downward sales (see below). Home sales here were up in January! http://www.miamiherald.com/2010/02/26/1501840/floridas-existing-home-condo-sales.html
Florida's Existing Home, Condo Sales Rise in January 2010 - Real Estate - MiamiHerald.com www.miamiherald.com
/PRNewswire/ -- Florida's existing home sales rose in January, marking 17 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®.
Home Prices in 20 U.S. Cities Rose for Seventh Month http://www.bloomberg.com/apps/news?pid=20601087&sid
=azNrZPIn0GXg&pos=1
Home Prices in 20 U.S. Cities Rose for Seventh Month (Update1) - Bloomberg.com
www.bloomberg.com
Home prices in 20 U.S. cities rose in December for a seventh consecutive month, indicating the industry at the heart of the worst recession since the 1930s is stabilizing.
Mortgage Rates Falling Again! http://www.marketwatch.com/story/30-year-fixed-rate-mortgage-falls-farther-below-5-2010-02-18
30-year fixed-rate mortgage falls farther below 5% Mortgages - MarketWatch
www.marketwatch.com
Mortgage rates fall again this week, with the 30-year fixed-rate mortgage dropping to an average 4.93%, according to Freddie Mac’s weekly survey of conforming rates.
For people wanting Real Estate news! http://www.miamiherald.com/business/story/1459726.html
Pending home sales rise in South Florida - Business - MiamiHerald.com
www.miamiherald.com
Pending home sales rose in Miami-Dade and Broward counties during January compared with December, according to data released Tuesday by the Realtor Association of Greater Miami and the Beaches and the Southeast Florida Multiple Listing Service.
MIAMI is the ONLY city of the 27 markets studied that saw asking prices RISE over the last three months. Prices here were up 2% from October! Other interesting aspects in the article - have a look! http://realestate.msn.com/article.aspx?cp-documentid=23289792>1=35000
Top 5 cities where home prices are plummeting - MSN Real Estate
realestate.msn.com
The asking price for homes in these metro areas fell fastest in the last 3 months.
http://southflorida.bizjournals.com/southflorida/stories/
2010/01/25/daily5.html
Florida existing home, condo sales up in 2009 - South Florida Business Journal:
southflorida.bizjournals.com
Florida existing home, condo sales up in 2009
A survey conducted by my alma mater! http://www.frej.net/news/news/2010-01-18/afire-foreign-investors-pledge-allegiance-us
AFIRE: Foreign investors pledge allegiance to U.S. | Florida Real Estate Journal
www.frej.net
WASHINGTON - Despite a lack of placement opportunities in 2009, foreign investors in real estate say they remain committed to the U.S. as their preferred real estate investment opportunity.
