Madeleine RomanelloIrvine, Calif. – REDC, the nation’s leading real estate auction company, announced today that it has closed 35 of the San Lorenzo Condominiums it auctioned in Miami in March with the remaining 30 scheduled to close sometime in the next month for a total of 65 of 65 sold at auction. REDC has several other [...]
Read MoreFORT MYERS, Fla. – May 11, 2010 – Heated pools, ocean views and media rooms are not what most people would expect to find in a foreclosed property, but more high-end homes – priced at more than a million dollars – have been falling into the hands of banks this year. Foreclosures of homes worth [...]
Read MoreSales of existing single-family homes rose in South Florida and statewide in March, but in most cases prices have yet to follow as foreclosures and short sales continue to impact the housing market, according to Florida Realtors. West Palm Beach was the exception in the tri-county area. It saw the biggest boost, with existing home [...]
Read MoreI was just doing some market analysis on condos in the West Avenue neighborhood of South Beach between 5th Street and Lincoln Road. It appears we are down to only about a 1 year supply of condos in this corridor which is a radical change from just a few months ago. At the beginning of [...]
Read MoreGreat article in CNN Money. Read more
Read MoreI am so confused after CNBC report that they expect double dip in sales for S. Florida. Here are the stats from Florida Realtors Association. “Existing home and condo sales rose across the tri-county area and statewide in February, but prices continued to be depressed by foreclosures and short sales, according to the latest figures [...]
Read MoreHomeowners defaulting on mortgages today may be surprised to learn years from now that they still owe thousands of dollars – and a collection agency is coming after them to get it. That’s because lenders have been quietly selling second mortgages and home equity lines left unpaid after foreclosures and short sales. The buyers: collection [...]
Read MoreLast prediction by Moody’s was recovery to 2006 prices by 2023 in December 2009 and I posted this. They pushed it back 7 years in just 3 months… scary ! Read full article here
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