Local News

Real estate news in Atlanta

GL Homes’ Bridges Continues to Flourish

Luxury home developer GL Homes continues to see success as their Delray Beach development, The Beaches, and recently wrote 18 more sales contracts according to a Sun Sentinel article. The article reports that average sales price was at $800,000,

Are Nonjudicial Foreclosure States Leading the Recovery?

Judicial and nonjudicial states have radically different approaches to foreclosure proceedings, and they may produce different recoveries in the appropriate states. Currently, few analysts argue that a housing recovery is not happening; debate still persists, though, on the particulars

Survey of Emerging Market Conditions Nothing But Positive

The Survey of Emerging Market Conditions for 2012’s first quarter was nothing but positive, showing many good signs for Florida’s real estate market. Conducted by the Bergstrom Center for Real Estate Studies in the Warrington College of Business Administration

Midtown Miami Lands $1.4 Million Transaction

Luxury condo development Midtown Miami’s sales continue to tower to new heights as the community sees its biggest transaction to date. The development explained in a press release that they closed on a $1.4 million transaction for one of its

Mortgage Interest Rates Reach Historic Lows

Freddie Mac yesterday released the latest results of its Primary Mortgage Market Survey, and it found what by now has become common – that average fixed mortgage rates hit record lows last week. The 30-year FRM averaged just 3.79

Neighborhood LIFT Program is Set to Rejuvenate Florida Housing Market

The Neighborhood LIFT program, a major effort to help stabilize neighborhoods profoundly affected by the foreclosure crisis, is coming to Florida, according to an announcement by Wells Fargo & Company. With a free, large-scale homebuyer workshop at the Miami

Foreclosure Activity Lowest in Five Years

Foreclosure filings, which encompass default notices, scheduled auctions and bank repossessions, were the lowest in April in five years, according to the latest data from RealtyTrac. The 188,780 filings for April were a 5 percent decline from March and a

ONE Sotheby’s Realty Adds Duo to Their Roster

Miami based agency ONE Sotheby’s International Realty has welcomed real estate duo Iain Montford and Carlos Garcia. The duo will work out of ONE Sotheby’s South of Fifth location, and will specialize in the Miami Beach, downtown Miami and

Shadow Inventory Housing Slowly Decreasing in 2012

A new study out by Standard & Poor’s is estimating it will take 46 months to clear out the nation’s supply of shadow inventory, one month less than predictions from 2011. Liquidation rates for the residential mortgage markets appeared

The Latest Celebs to List Their Miami Homes

By Stephanie Sims The past few months are evidently indicating it’s a good time to sell, or maybe these celebs just need to move. Drake, Rosie O’Donnell and Billy Joel are the latest celebrities to list their Miami homes

Master Brokers “Powerful Edge” Presentation

The Master Brokers Forum South Palm Beach chapter recently held a high level presentation called the Powerful Edge for their members at AZURA by Toll Brothers in Boca Raton. Established in 1993, the Master Brokers Forum (MBF) is a

International Sales Group Announces Michael Ambrosio as New President

Michael Ambrosio has been named the new president of the International Sales Group (ISG), a global real estate firm specializing in luxury residential properties in Florida and Panama. Some of Ambrosios responsibilities as president will include, managing day-to-day operations and

A Single-Family Presence in the Rental Markets

Month after month, data comes out affirming the rising demand for rental units, and like the wider world of real estate, fresh and unusual details often accompanies it. A recent Wall Street Journal piece on the rent/homeownership dichotomy has

Case-Shiller: Miami Home Prices Increase Monthly and Yearly

February prices in the Miami real estate market increased 0.6 percent from January and 0.8 percent from February 2011, according to the latest Case-Shiller. Nationally, the two major price indices of the Case-Shiller, the 10- and 20-City Composites, showed

One Sotheby’s Opens New Office in Financial District of Miami

One Sotheby’s International Realty has expanded its franchise and joined forces with Lorusso Realty Inc., to open a new office in Miami’s financial

PBC Homes Get Multi-Million Dollar Price Cuts for Spring

Palm Beach County brokers are lowering prices of their high-end real estate properties by $2 million or more in order to get them sold before the

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