It’s been said that ‘cash is king’ when making purchases and nowhere in the country is that more true than South Florida when it comes to buying a home.
When it comes to buying a house or condo in Florida, cash is king. Almost two-thirds of Florida housing sales in the first quarter of this year were done in cash, according to the study by the research firm, RealtyTrac.
Sales of single family home sales in the state were up nearly 20% compared to the same period last year. Florida Realtors said 18,490 sales closed statewide on existing single-family homes in September, and increase of 18.8% compared to last September.
TALLAHASSEE (CBSMiami/AP) — A Broward company which allegedly preyed on homeowners in danger of losing their homes is being sued by the state. On Wednesday, state Attorney General Pam Bondi’s office filed a lawsuit against […]
Florida’s foreclosure crisis refuses to ease up, according to new data.
While South Florida’s economy as a whole is recovering, the housing market is doing the opposite.
By now, we know the drill. For homeowners, it’s great news. For those looking to buy, it’s terrible. Home prices rose again in October, placing South Florida counties in fifth place on a home price index’s list of highest annual gains.
The rising price of gas, Facebook’s stumble on Wall Street and the end of the Twinkie made business headlines nationwide. Here in South Florida improved tourism, improved real estate values and new local construction projects were the talk of the town in the business community.
Despite a lagging economy, South Florida’s housing market continues to improve. The median price for an existing single-family home in Miami-Dade rose 5.8 percent to $185,000 in October from a year earlier.
Fixing the housing market and helping families from losing their homes was a key focus for President Barack Obama during the State of the Union address Tuesday. But Americans are waiting to hear more on the plan.