Bal Harbor Blogs

1
Nov

Miami Foreclosure Statistics for 2011 and South Florida Real Estate

Submitted by Bal Harbour Condo Expert on Tue, 11/01/2011 - 00:52

Recent data made available from Palm Beach, Broward and Miami-Dade counties has indicated a significant decrease in foreclosed homes and condos in South Florida. As of early June 2011 it was found that the amount of foreclosed Miami real estate is now at 11,551. This number is favorably decreased from last year's 30,635 homes and condos which caused one of the worst bust cycles in South Florida. Key contributors to this extreme drop in foreclosures is a rise in employment throughout the state and a generous amount of foreigners that buy these Miami properties.

3
Nov

Home Prices Rose in August in Half of Major Cities

Submitted by Bal Harbour Condo Expert on Thu, 11/03/2011 - 20:44

The real estate market has suffered quite a blow as a result of the national recession in the U.S. However, recent statistics indicate that the home prices in several major cities are now stabilizing. As of October 18, 2011, a new home development in Canonsburg, PA has made evident that the housing market is on the rise, with an increase in home prices in August as compared to July. These price increases have been tracked in 10 of the 20 cities surveyed according to Standard & Poor's/Case-Shiller index.

17
Nov

Miami Condo Sales Up 46 Percent

Submitted by Bal Harbour Condo Expert on Thu, 11/17/2011 - 23:28

The Miami real estate scene is unlike any other. To the average person, the entire situation will look like an enigma. However, there are reasons for everything that’s taking place. The biggest mystery when it comes to Miami home sales is why prices continue to decrease even though inventory is decreasing and sales are up? There is an explanation [...]

18
Nov

Home Buyers - Avoid Doing These Things that Could Kill Your Deal

Submitted by Bal Harbour Condo Expert on Fri, 11/18/2011 - 03:36

Buying a home can be tricky. Unfortunately, it’s not as simple as choosing a home you like for the price you want and inking a deal. There is a lot more that goes into it. We won’t focus on all the details. Instead, we’ll focus on what’s most important when it comes to buying a home, which is the relationship you have with the seller.[...]

4
Jan

South Florida Real Estate $15 Billion Housing Stimuls Package Was Proposed..

Submitted by Bal Harbour Condo Expert on Wed, 01/04/2012 - 07:17

The American jobs act included a proposed $15 billion housing stimulus plan. What are the contents of this plan? More importantly, how will the $15 billion housing stimulus package affect Miami real estate and the overall market value in South Florida? [...]

3
Feb

Miami Real Estate Prices Compared to Prices Around the World

Submitted by Bal Harbour Condo Expert on Fri, 02/03/2012 - 01:27

It might seem that real estate prices in Miami are on the high end of the scale, but one look at housing prices throughout the world shows the reality of the situation. While there are economists and journalists putting forth their opinion that real estate in the Miami area is overpriced, they are simply wrong. In fact, Miami homes on the market tend to be on the lower end of the pricing scale, compared to some other parts of the country..

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