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Miami Posts Largest Foreclosure Declines in Nation

Miami’s foreclosure market has improved markedly in the last year, according to RealtyTrac In the first half of 2015, foreclosure activity in the Miami metropolitan area fell 30 percent from the same time period last year, according to RealtyTrac’s Mid-Year 2015

CoreLogic: Foreclosures Fall Big in Florida

CoreLogic May foreclosure report documents continued improvement in inventory and seriously delinquent mortgage rates Today, CoreLogic released its May 2015 National Foreclosure Report, which highlighted steep declines in completed foreclosures and foreclosure inventory, as well as the falling serious

Miami Worldcenter Development Adds 10,000 Construction Jobs

New Miami Worldcenter development brings in thousands of new construction jobs Construction jobs are coming to some of Miami’s lowest income neighborhoods, building on the previous 12 months of job growth, which already saw a substantial rise in construction sector employment.

Gale Boutique Hotel & Residences Fort Lauderdale Beach Reaches 50 Percent Sold Mark

Gale Boutique Hotel & Residences, Newgard Development Group’s new condominium and hotel project underway in Fort Lauderdale Beach, opens its new sales gallery with more than 50 percent of its residences already under reservation. Now open to the public at 2434

South Florida’s Commercial Market Attracting Investors and Developments

The high demand in South Florida’s commercial real estate market is resulting in low vacancy rates and a number of major developments in an array of sectors. This was the discovery made by local experts at the third annual

CoreLogic: Magic City Prices Surge in May

CoreLogic has released its May Home Price Index, revealing another month of positive gains. Marking 39 months of consecutive year-over-year gains, national home prices, both including and excluding distressed sales, increased 6.3 percent in May compared to the same

Miami Falls Big in Labor Rankings

CareerBuilder releases new labor market rankings In late May, CareerBuilder released its second quarter Labor Market 150 Index, which attempts to evaluate and rank the country’s largest metros. Using data from the employment website’s data arm, EMSI, or Economic

Miami Residential Construction Slowing in 2015

2015 shaping up to be a modest year for new construction in Miami Residential construction spending in the Miami area was down 19 percent year-over-year in May, and so far in 2015 is 14 percent ahead of where it was last year. Those were

Miami Rents Soar Further in Second Quarter

How has Miami’s rental market developed in 2015’s second quarter? New data from Reis provides some perspective. Miami’s rental market has been one of the hottest in the nation, and new numbers from Reis on the second show show that

Design District Welcomes Addison House

Metro 1, the Miami real estate organization, and Addison House, a supplier of contemporary furniture in the luxury market, have teamed up to facilitate the opening of the brand’s third location in South Florida. Located in the Design District, on

RE/MAX Advance Realty Broker-Associate Mercedes Saaverdra Named One of the top 250 Latino REAL Estate agents in America

Mercedes Saavedra, a RE/MAX Advance Realty (RMA) broker-associate, has been named one of the Top 250 Latino Real Estate Agents in the U.S., according to a report from the National Association of Hispanic Real Estate Professionals (NAHREP). A Cuban native and

Distressed Sales Plunge in Florida

Over the last year, distressed home sales have become far less prominent in Florida’s housing market Distressed sales throughout Florida comprised 16.3 percent of all home sales in May, a marked drop from the 30.1 percent market share of a year

Back to Back Multi-Million Dollar Deals for Avatar Cofounder Schrager

Two multi-million dollar properties were sold within one week of each other by Avatar Real Estate Services Cofounder and Realtor Associate Toni Schrager, resulting in two back-to-back record-breaking sales. The first property is 3305 South Moorings Way, a seven

Miami Home Prices Rise Strongly in Case-Shiller

Home prices positive in latest Case-Shiller, but are there signs of a slow down? Home prices in the Miami area posted strong gains in Standard & Poor’s latest Case-Shiller Home Price Indices, rising 0.9 percent from March to April and 8.5 percent from

Engel & Völkers Jupiter Announces Record-Breaking Sale of Estate on Jupiter Island

Privately marketed listing sells in seven months for $38 million. Today, June 29, Engel & Völkers Jupiter announced the record-breaking sale of one of the most sought after properties on Jupiter Island. The seller of this property is the

Negative Equity Still Huge Problem in Miami

Progress has been made on negative equity front, but troubling trends persist In the Miami housing market, 17.4 percent of mortgage holders remain underwater, and a majority will not reach positive equity for some time. That was the sobering finding of

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