Miami Real Estate news » 2010 » May

Sales of existing homes and condos rose in all three South Florida counties and statewide, according to figures from Florida Realtors. Read more ...

For the first time since February 2006, Florida’s seasonally adjusted unemployment rate has fallen. April unemployment slipped to 12 percent from March’s revised rate of 12.3 percent. Read more ...

Cash continues to be king when it comes to buying condos. A new report by Condo Vultures LLC finds that buyers paid cash for nearly 600 units in 29 projects in the greater downtown Miami area from January through March. Fewer than 120 units in 19 projects were financed, according to the Bal Harbour-based real estate consultancy. Read more ...

Dennis and Rowena Bennett were set on moving to South Florida from St. Louis. And they thought they knew exactly where they wanted to buy. Read more ...

MIAMI-Over the last 12 months, the South Florida multifamily market has seen a notable increase in sales activity and this trend is likely to continue through 2010, according to Calum Weaver, director of operations for the CBRE Multi-Housing Private Client Group in Miami. He points to Real Capital Analytics’ data that shows that in 2009, there were 45 trades totaling $550 million in the region. Sales transactions were up 48% and dollar volume was up 22% compared to 2008. Read more ...

In South Florida, international buyers are scooping up property, particularly condos, at relative bargains — a reason why home sales are rising. Read more ...

Asian-Americans are an increasingly important demographic in South Florida and statewide. Read more ...

Pending home sales were up in South Florida in April, an indication of a stabilizing real estate landscape. Read more ...