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650 West Palm Beach Condos Remain Vacant

Unsold condos from the last South Florida real estate boom in the downtown West Palm Beach and Palm Beach Island markets would take more than five years to sell out at the current sales pace, according to a new

Pending Listings in Miami-Dade/Broward Rise by Double Digits

Pending listings in the Miami-Dade and especially Broward counties posted double-digit increases in October, further evidence of the phoenix-like resurrection that is apparent in the Miami real estate market. For Miami-Dade, pending listings were up 10 percent year-over-year, and

Art Miami Partners with Luxury Real Estate Brokerage

Sotheby’s International Realty is the “official luxury real estate partner” of Art Miami, the city’s longest running contemporary art fair, which runs from Nov. 29–Dec. 4 this

Genting’s Extravagance Draws Legislative Doubt

At the first debate over the resort casinos bill, Colin Au, head of Genting Americas, made some extravagant promises to Florida legislators. Au claims that the bill, which calls for three large resort casinos to be built in Miami-Dade

Case-Shiller Reports 0.7 Percent Decrease for Miami Home Prices

U.S. cities are reporting little change in prices in the latest Case-Shiller Home Price Indices, the monthly report by Standard & Poor’s (S&P) that is the leading measure of U.S. home prices. The newest report, which surveys home prices for the third

Homes Sales Showing Signs of Slow Down in South Florida

South Florida home and condo sales have been the talk of the town this year, surpassing the expectations of analysts and shattering the records of the housing boom; but 2011’s record sales have dwindled in the past couple of

Incoming NAR President Will Be Moe Veissi

Miami local Maurice “Moe” Veissi will be the new president of the National Association of Realtors (NAR) in

Domestic Buyers Like South Florida, Too!

Everywhere we seem to look, stories are popping up about international investment in the South Florida housing market, but a new study offers a reminder that US buyers are just as smitten with the area’s perks – even if

Trump Hollywood Condo Project Transactions Increase 75 Percent from Q2 to Q3

With 35 units sold for nearly $46 million, the bulk owners of the Trump Hollywood condo project in South Florida increased transactions by 75 percent between the second quarter, which ended in June of 2011, and the third quarter,

Congress Finds Middle Ground for Federal Loan Limits

After weeks of deliberation and endless hours of lobbying from the National Association of Realtors and other interest groups, Congress has finally agreed upon a resolution for raising the limits of federal conforming home loans, according to a new

Presales for Apogee Beach Push Developers to Rethink Construction Dates

The Related Group’s newest development, condo tower Apogee Beach, was originally planned to break ground in January 2012. Yet, with the positive initial responses from buyers, the developers have decided to move up the construction dates–and the asking

The DS Team Moves to ONE Sotheby’s International Realty

Brokers Dina Goldentayer and Sladja Stantic, principal founders of the DS Team, have joined ONE Sotheby’s International

Porsche Design Proposes Condo Tower for South Florida

As a public notice recently published in The Miami Herald announced, part of the discussion at the November 17 public hearing to be held by Sunny Isles Beach City Commission will center around a proposal for a new condo

Props for Miami on the National Stage

The Miami housing market scored praise from influential analysts and commentators at the International Real Estate Congress in Miami, an event hosted by the Miami Association of Realtors (MAR) and National Association of Realtors (NAR) that is attended by hundreds of the

Miami Home Sales Up an Astounding 51 Percent

Third quarter home sales in the Miami metro area skyrocketed by 51 percent from a year ago, according to recent data from the Miami Association of Realtors (MAR). Total home sales for the area, which include existing single-family homes

Reversion the Key for South Florida Condo Units

During the boom years, condos were hot in South Florida, so hot that zealous developers began converting modest apartment buildings into sellable condominiums to get in on the action. But now, with demand stagnant, distressed condos have become a

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