Law Office of Kimberly A. Abrams & Associates, P.A.
954-985-9715

Residential Real Estate Archives

South Florida real estate characterized by contradictions in 2011

According to a recent sales report by the Miami Association of Realtors, 2011 has been characterized by contradictory trends in South Florida real estate. For example, shrinking inventory and high sales numbers -- two trends that usually result in price appreciation -- occurred alongside low prices due to the market looking ahead to another wave of foreclosures.

Residential and commercial real estate still lagging in Southeast

Most of those who work in commercial real estate in Florida already know the state has seen a dramatic shift downward over the last several years. That fact was recently made clearer, as Federal Reserve Bank of Atlanta President Dennis Lockhart suggested that the economy in the Southeastern United States is lagging behind the overall U.S. recovery because of the region's more severe real estate slump. The slump includes both residential and commercial real estate.

South Florida real estate market rebounds, but foreclosures linger

A foreclosure is one of the most intimidating things that a Fort Lauderdale resident can go through. Millions of Americans have gone through foreclosure since the economic downturn in 2008, and many Broward County residents continue to face foreclosure every day. Broward County residents should not approach a foreclosure with a sense of hopelessness, however, because an experienced Florida real estate attorney can help a homeowner fight a foreclosure.

Residential property values at issue in Brevard County

Florida residents looking to close on a real estate sale may be interested in a property assessment controversy unfolding in Brevard County. In Florida, real estate tax is based on assessed value, so that value plays an important part in determining the annual amount of property taxes to be paid by a homeowner. At issue in Brevard are claims made by the county Property Appraiser, the county Value Adjustment Board (VAB) and the Florida Department of Revenue (DOR). The controversy surrounds a charge of favoritism concerning the appraised value of certain residential real estate in Indialantic. The appraiser has filed a lawsuit against the VAB and the DOR, accusing the VAB of not following the law and the DOR of basically looking the other way.

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    2699 Stirling Road, Suite A105
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