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West Palm Beach in top 10 for rental demand
Source: Post
Nov 13, 2012 2:26 pm
More people are looking for rentals this year in West Palm Beach, according to a report released this morning that showed about a 12 percent increase in rental demand in August compared to the same time last year. The jump in rental demand put West P…
Despite conventional wisdom, Sandy’s no economic boon, Wells Fargo economist says
Source: Post
Nov 1, 2012 3:01 pm
In a post-Sandy report, Wells Fargo economist Mark Vitner calls BS on the oft-repeated assertion that storms spur spending and therefore help the economy. “Are hurricanes good for the economy?” Vitner asks. “NO!” Vitner’…
After Sandy, flight cancellations linger at Orlando International Airport
Source: Sentinel
Oct 31, 2012 5:02 am
Flights to and from the Northeast and Orlando International Airport continued to be canceled Wednesday in the wake of Hurricane Sandy.
Hurricane Sandy cancels many flights at Orlando International Airport
Source: Sentinel
Oct 29, 2012 5:56 pm
Passengers at Orlando International Airport faced scores of canceled flights Monday as Hurricane Sandy wreaked havoc on airline operations in the Northeastern U.S.
Hurricane Sandy causes canceled flights at Orlando International Airport
Source: Sentinel
Oct 29, 2012 4:40 pm
Passengers at Orlando International Airport faced scores of canceled flights Monday as Hurricane Sandy wreaked havoc on airline operations in the Northeastern U.S.
Lower-priced home inventory down 33 percent in South Florida
Source: Post
Oct 22, 2012 4:52 pm
The inventory of homes for sale at $105,600 or less dropped 33 percent in South Florida during the past year, making it difficult for first-time buyers to find properties. According to Zillow, which released a report today measuring housing inventory…
Palm Beach commercial property sells for $12.35 million
Source: Post
Oct 11, 2012 4:51 pm
BlueGate Partners announced the sale today of 324 Royal Palm Way in Palm Beach for $12.35 million to Armata Holdings Management Corp. BlueGate, which has offices in New York and Palm Beach, represented Rockpoint Group and Steeprock Capital in the sal…
Big bank backlash proves nonexistent as giants gain market share in Palm Beach County
Source: Post
Oct 10, 2012 9:50 pm
Remember all that rage at the too-big-to-fail banks that cratered the economy? Recall last year’s National Bank Transfer Day, which promised to push a deluge of deposits from Wall Street giants to credit unions and community banks? Never mind. …
Taco Bell building in Delray Beach fetches $1,076 a square foot
Source: Post
Oct 2, 2012 3:53 pm
Cheap food, expensive real estate: The 2,370-square-foot Taco Bell at 240 Linton Blvd. in Delray Beach just sold for $2.55 million. That’s $1,076 a square foot. The property last sold in 2006 for $2.18 million. The hefty price reflects “v…
What do indoor dog restrooms and Cash for Clunkers have in common? Both stink, economist says
Source: Post
Sep 28, 2012 7:01 pm
Economic stimulus packages are like SkyMall gizmos, Sean Snaith said today during a speech to the Business Development Board of Palm Beach County. The always-entertaining Snaith, an economist at the University of Central Florida, served up this defin…
South Florida home prices highest since 2009 tax credit boom
Source: Post
Sep 27, 2012 8:51 pm
Home prices in Palm Beach, Broward and Miami-Dade counties were up more than 5 percent in July from the previous year, pushing pricing to levels not seen since the 2009 tax-credit driven increase. According to the Standard & Poor’s/Case-Shiller…
House Keys moving to new address
Source: Sun-Sentinel
Sep 27, 2012 3:58 pm
Our blog is moving. This is the last House Keys post on this site, but we’ll still be around to offer news of interest to buyers, sellers and homeowners. Click here to bookmark the new address. Look forward to seeing you there. And just so you …
“Centerfold” home to be knocked down by its own builder
Source: Post
Sep 25, 2012 1:26 pm
Admirals Cove home will be knocked down by its own builder to construct a more modern designA former brochure centerfold for Shapiro Pertnoy builders is about to become rubble as the West Palm Beach-based company bulldozes the 21-year-old home to mak…
Florida could see higher mortgage fees because of lengthy foreclosures
Source: Post
Sep 24, 2012 4:26 pm
The Federal Housing Finance Agency is proposing charging more for all mortgages in Florida and a handful of other states that have lengthy foreclosure processes. The FHFA released the plan early this morning. It would charge additional fees each mont…
Private equity giant Blackstone to buy homes across country
Source: Sun-Sentinel
Sep 21, 2012 5:06 pm
A large private equity firm says it’s embarking on a plan to buy homes across the country and turn them into rentals. The Tampa Bay Times reports Blackstone intends to buy $1 billion in properties in that region over the next three years. Peter …
Ask a real estate pro: Include deposit with short sale offer?
Source: Sun-Sentinel
Sep 21, 2012 12:00 pm
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click he…
Palm Beach County home sales up 8 percent last month, prices jump 12 percent
Source: Post
Sep 20, 2012 12:51 pm
Sales of existing Palm Beach County homes jumped 8 percent in August compared to the previous year as prices rose nearly 12 percent to a median purchase price of $215,000. The increases occurred as inventory of single-family homes for sale continued …
Sound off on Citizens rate increases
Source: Sun-Sentinel
Sep 20, 2012 12:00 pm
Customers of Citizens Property Insurance Corp. can comment Thursday on rate increases sought by the state-run insurer of last resort. Regulators will hold a public hearing from 4-8 p.m. at Miami-Dade College-Wolfson campus in downtown Miami. Click…
August home prices increase in Broward, PB counties
Source: Sun-Sentinel
Sep 19, 2012 4:30 pm
South Florida's housing recovery continued in August with higher prices and robust sales. Broward County's median price for existing homes last month was $214,950, a 13 percent increase from $191,000 a year ago, the Greater Fort Lauderdale Realtor…
Foreclosure prevention event in Port St. Lucie
Source: Post
Sep 19, 2012 3:26 pm
Homeowners struggling to pay their mortgage can meet one-one-one with bank representatives and housing counselors Sept. 28 during an event in Port St. Lucie. Sponsored by Real Estate, Education and Community Housing, Inc., the event will be held 9 a.…
Builders upbeat about market for new homes
Source: Sun-Sentinel
Sep 18, 2012 5:10 pm
Builder confidence continues to grow, rising to its highest level in more than six years. The National Association of Home Builders/Wells Fargo Housing Market Index hit 40 in September, the best reading since June 2006. It was a fifth consecutive …
South Florida homeowner has $570,100 mortgage forgiven by bank
Source: Post
Sep 14, 2012 4:01 pm
A client of Wellington foreclosure defense attorney Malcom Harrison may have cringed when he saw the Bank of America envelope in his mailbox. Instead, he’s more than half-a-million dollars out of debt. The company, as part of the $25 billion agreem…
Free mortgage seminar Saturday in Sunrise
Source: Sun-Sentinel
Sep 14, 2012 11:56 am
A reminder for homeowners who need mortgage help: A free seminar will be held Saturday in Sunrise. Bank of America, Wells Fargo and Chase are among the lenders that will be on hand to meet with borrowers about mortgage modifications. The event is…
Ask a real estate pro: Is agent's transaction fee legitimate?
Source: Sun-Sentinel
Sep 14, 2012 11:40 am
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click he…
South Florida foreclosures increase in August
Source: Sun-Sentinel
Sep 13, 2012 4:55 pm
Foreclosures in South Florida and across the state continue to increase following a slowdown last year. Broward County experienced a 29 percent increase in the number of foreclosure starts in August compared to the same time a year ago, according …