Although our South Florida readers probably know by now that the local real estate market is improving overall, it appears that luxury residential real estate is seeing quite a nice rise in particular. According to a recent article, some higher-end properties in South Florida, including Broward County and Palm Beach County in particular, saw their values drop almost 50 percent during the worst of the housing bubble crisis. However, those prices have rebounded in recent months, and real estate transactions involving properties valued over $750,000 have begun to increase as well.
Do you know how hot residential real estate is in South Florida?
Any of our South Florida readers who are familiar with previous posts here probably know that the local area has been quite a hotspot for real estate in recent months. Residential property values are growing, and sales have started to pick up as well. However, even if our readers consider this old news, they may not have a full grasp of just how nicely the real estate recovery has taken hold in South Florida. But, a recent report has certainly provided the right context.
Commercial property owners still face financial difficulties
Real estate in South Florida is hot. At least that's what many of our previous posts here have detailed. However, while it may be true that residential real estate is a seller's market, the exact opposite appears to be true for commercial real estate.
Will a rise in home prices affect your real estate closing?
The new year has brought some good news for the housing market, and not just in South Florida. According to a recent report on residential real estate, single-family home prices are continuing their upward trajectory across the country.
Controversy brewing in Miami over rights to preserve or tear down
When our South Florida readers are looking into either buying or selling a home, almost all of them surely enter the market hoping for a smooth, tension-free process. However, anyone who has been involved in a real estate dispute knows that problems can arise from almost any corner, at almost any time in the process. And when problems do arise, most times the only hope is that they can be taken care of quickly and easily - and not lead to litigation.
