Florida Real Estate News

Zillow.com, a Seattle-based real-estate website reports that South Florida real estate is on the rise after reaching a low point in late 2011. Counties particularly affected are Miami-Dade, Broward, and Palm Beach. Despite the coming of a series of bank-owned homes, observers of the local housing market agree that the region has reached a floor. While prices may still dip in some areas, the website is… READ MORE

The south Florida real estate market is showing some signs of recovery, according to recent bank figures, which revealed that distressed properties including homes facing foreclosure as well as bank-owned homes, no longer represented the lion’s share of the market. The same figures showed homes for sale under normal conditions account for about 50 percent of all listings; a year ago, distressed properties… READ MORE

During March 2012, sales of residential real estate in Sarasota County reached the highest level in seven years. Nearby Manatee County also saw increasing sales and prices. Luxury condominiums and houses sold especially well, with sales rising by nearly 50 percent. Short sales and foreclosures of southwest Florida real estate decreased as well. Transactions In Sarasota County, homebuyers purchased more… READ MORE

According to the media, the housing bust has yet to end. Nobody is buying. There's no money in real estate anymore. Properties haven’t started selling the way they did in 2005-2006 and the market is slow. Someone should have told the Floridians that news: the Sunshine State continues to draw millions of home-buyers annually who fuel the housing market. The reasons for such success are simple and based in… READ MORE

In November, housing prices dropped across the country. South Florida was no exception. The Standard & Poor’s / Case-Shiller home price index revealed the unfortunate performance on Tuesday. The only exception to the dire news came from Phoenix. Otherwise, all of the remaining 19 cities analyzed showed price declines since October. Specifically, Palm Beach, Broward and Miami-Dade counties all incurred .5… READ MORE

The news won’t surprise many business owners in the Sunshine State, but Florida has drawn the eyes of the nation as it once again pulls rank among the Top Five states rated best in business taxes. According to the Tax Foundation’s 2012 State Business Tax Climate Index report, Florida is ranked fifth in the nation for business taxes – falling below only Wyoming, South Dakota, Nevada and Alaska. The report… READ MORE

A research firm in California, CoreLogic, has issued its first national foreclosure report that names Florida as the state with the highest foreclosure inventory at the close of 2011. According to the firm, about 12% of homes with a mortgage in Florida were in some stage of the foreclosure process at the end of the year. This is the same percentage as 2010. They estimate that 17% of homeowners in Florida… READ MORE