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Repossessed Homes in South Florida Reach 100,000

By Tom Butala Over 100,000 South Florida homes have been repossessed since the crash of the housing market in 2007, according to a report released by CondoVulture.com. CondoVulture’s data considers all repossessed homes in the tri-county area of Miami-Dade,

Grammy Award Winning Jon Secada is Giving Away a Waterfront Estate

Jon Secada Charities and the Mission of Saint Francis are raffling off a $3 million waterfront estate in Ft. Lauderdale, FL for $30. According to Secada, “The Mission of Saint Francis is a wonderful organization that has been helping

Miami Existing Condominium Sales Rise 43 Percent

The Miami real estate market continues to strengthen as a result of increased sales and stabilizing home prices.  In the Miami MSA, there was a 43 percent increase in condominium sales in July compared to July 2009 and a

CREC Named Exclusive Leasing Agent for The Shops at Beacon Lakes

Continental Real Estate Companies (CREC), one of Florida’s largest commercial real estate services firms, has been selected by joint venture partners Flagler and AMB Property Corporation as the exclusive leasing and marketing agent for The Shops at Beacon Lakes,

Sunstone Hotel Investors, Inc. Acquires Royal Palm Hotel of Miami Beach

Sunstone Hotel Investors, Inc. (SHI) announced yesterday that it was the successful bidder at a foreclosure auction and acquired the fee-simple interest in the Royal Palm Hotel, located on Collins Avenue in Miami Beach. “We seek unique opportunities to

Builder Confidence Declines In August

Builder confidence in the market for newly built, single-family homes edged down for a third consecutive month in August, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI declined one

Esslinger-Wooten-Maxwell Realtors Adds Five New Associates to its Key Biscayne Office

Esslinger-Wooten-Maxwell (EWM) Realtors, one of the nation’s largest residential real estate firms, announced today that five new sales associates have joined its Key Biscayne branch office: Carolina Apey , Rosemarie Baragania, Adolfo Malave, Pilar Mercader and Sara Negrin. Carolina

Miami Existing Home Sales Rise, Home Prices Edge Up in 2Q

In the Miami Metropolitan Statistical Area (MSA), sales of homes – including existing single-family homes and condominiums – increased 27 percent in the second quarter of 2010 compared to the second quarter of 2009 and 53 percent compared to

Miami Realtors to Present ‘Lending and Financing Summit: Making Deals Happen’

The MIAMI REALTORS will host the Lending & Financing Summit: Making Deals Happen on Tuesday, August 17, at Miami’s Doubletree Miami Mart hotel, from 9:00 AM until 12 noon. Keynote speaker Juan del Busto, Regional Executive of the Miami

First Market Properties Closes on $15.6 Million Residential Debt

First Market Properties (FMP) negotiated a deal to acquire notes worth $15.6 million from one of the nation’s largest banks, within a span of just two weeks. The dollar amount involved in the transaction is significant for South Florida

FHA Launches Short Refi Opportunity for Underwater Homeowners

In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development has provided details on the adjustment to its refinance program which was

Rofo Brings Real Estate Application to LinkedIn

Rofo has launched a new the new Real Estate Pro, an application for LinkedIn that is a plug-and-play social media tool for real estate professionals and landlords, creating a localized social media marketplace for brokers, and for businesses seeking

Florida Homebuyers and Investors Spend $10.1 Million on Foreclosed Properties in Real Estate Auction at World Center Marriott

Florida homebuyers and investors spent $10.1 million on foreclosed properties Saturday at the World Center Marriott as 139 foreclosures were auctioned by Real Estate Disposition, LLC (REDC) before an overflow crowd of

Power Agent Susan Gale Closes Transaction of Design District’s Stephanie Odegard Collection

The internationally acclaimed Stephanie Odegard Collection of Miami’s Design District has changed hands for the highest price in the more than three years. Power agent Susan Gale spent six months putting an unusually complex deal together to achieve a

Florida Making Slow Gains in Depressed Economy

By: SANDRA RODELA Even amid the economic crisis, and the even more unsettling environmental crisis in the Gulf due to the BP oil spill, Florida’s economy has shown signs of promising-albeit slow- growth. A study by the University of

Miami-Dade Pending Home Sales Increase 40.5 Percent from a Year Ago

Total pending home sales – including single-family and condominiums – in Miami-Dade County increased 40.5 percent in July 2010 compared to July 2009, from 7,197 to 10,113, and decreased less than 2.4 percent, from 10,366 to 10,113, compared to

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