Lauderhill Real Estate News
Thursday May 21 | via The Miami Herald
Sales for existing homes in Miami-Dade County dropped slightly in April 2015 compared to April 2014, dragged down by a lack of interest in older condos as new luxury towers pop up on the beach and across the downtown. But prices still rose last month in Miami, and the market in Broward County made gains in both home sales and values, according to reports released Thursday by the Miami Association of Realtors and the Greater Fort Lauderdale Realtors. Comment?
Monday May 18 | via Business Journal
Florida Community Bank turned a rare profit from the sale of a repossessed development site in Broward County. Comment?
Tuesday May 12 | via Business Journal
In one of the first deals of its kind in South Florida, a portfolio of 174 foreclosed homes in Broward County was sold for $29.13 million. Comment?
Apr 22, 2015 | via The Miami Herald
Home sales and prices for the region were up in March compared to the previous year, according to the latest monthly reports from the Miami Association of Realtors and the Greater Fort Lauderdale Realtors. In Miami-Dade County, sales for existing single-family homes and condos were up 6.8 percent year-over-year, with most of the growth coming from single-family. Comment?
Apr 21, 2015 | via Business Journal
Overall commercial mortgage volume more than tripled in South Florida between 2009 and 2014, according to a study released by Miami-based BridgeInvest, a private mortgage lender. Over $11.4 billion in commercial mortgages were financed in 2014, up from about $9.8 billion in 2013 and $3.5 billion in 2009 Miami-Dade County captured the biggest slice of mortgage volume in the region in 2014 with 57 percent, followed by Palm Beach County at 23 percent and Broward County at 20 percent. Comment?
3 hrs ago | via Sunshine State News
Some of the biggest names in the Democratic Party are heading to the Sunshine State this week to hit up Florida donors for cash. President Barack Obama will be headed to Miami Wednesday to fundraise for the Democratic National Committee at real estate giant Stephen Bittel's home. Comment?
5 hrs ago | via Washington Times
The phrase gets old after a while, but it's time to rev up Air Force One once again: President Obama has a pair of fundraisers to attend in Florida. On Wednesday he's off to Miami to raise money for the Democratic National Committee at a private dinner in the home of a local real estate kingpin, priced up to $33,400 a plate. Comment?
Thursday May 21 | via The Orlando Sentinel
The kiosks could address almost anything under the scope of civil law, such as divorce, foreclosure or conflicts with landlords. You'd type in your problem and the machine would tell you which legal forms need to be filled out, whether you have to pay for legal services and what kind of lawyer you should seek out if you do need one. Comment?
Friday May 22 | via Business Journal
Headway Office Park in Lauderdale Lakes is headed to auction after its owner lost a $12.9 million foreclosure judgment. Wells Fargo Bank, representing a commercial mortgage-backed securities trust, won the judgment against SRA/Sunrise Development over a $10.8 million mortgage, plus interest and fees. Comment?
Friday May 22 | via WTVY Dothan
Governor Rick Scott today announced that Florida businesses created 25,800 private-sector jobs in April 2015. Since December 2010, 865,600 private-sector jobs have been created across the state. Comment?
15 min ago | via West Australian
Banks are becoming less free and easy with their investor home loans, and that could cool the property market a little and give the RBA less reason to lift interest rates. Many banks, including the big four, have tightened their guidelines for lending to housing investors, either making loans tougher to get or more expensive. Comment?
21 min ago | via Cambridge Evening News
Record amounts of eviction action is being taken against the city's tenants in the private rented sector, the News can reveal. Cambridge landlords have launched more than 70 claims for eviction through the courts over the past 12 months, according to analysis of figures released by the Ministry of Justice. Comment?
50 min ago | via American Reporter
I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody. First, there was the collapse of IndyMac, a California bank deeply involved in subprime lending. Comment?
53 min ago | via American Reporter
Will wonders never cease? I never thought the right-wing Republicans of the House of Representatives would join arms with the progressive Democrats that populate this newspaper and put the kibosh on President George W. Bush's greedy, unrealistic and anti-American $700 billion bailout plan for Wall Street. We hear the arguments about the impending ctastrophe, and we even admit that a few catastrophes are more than likely going forward without the plan. Comment?
53 min ago | via American Reporter
Developments in the United Kingdom and Italy may ease some bon and stock market pressures, but on the eve of an emergency G-7 Finance Ministers' meeting Friday, I will provide them with a list from my money prescription pad, which, like my kids, they will likely ignore. First, how we got here, or rather the last few days of how we got here. Comment?
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