WEATHER ALERT
โInhumaneโ: Fort Lauderdale codominium residents forced to evacuate
Read full article: โInhumaneโ: Fort Lauderdale codominium residents forced to evacuateAlthough a structural engineer found a building in Broward County was not on the verge of collapse, officials decided there was enough deterioration to evacuate about a dozen units on Thursday.
Did you apply for Miami-Dadeโs โDream Homesโ lottery? Here is what you need to know
Read full article: Did you apply for Miami-Dadeโs โDream Homesโ lottery? Here is what you need to knowMiami-Dade County officials announced a public program offering โa pathway to homeownershipโ in the Leisure City neighborhood will have a drawing on Friday afternoon that will be visible in person in Downtown Miami and virtually on Zoom.
โItโs not a matter of if; itโs a matter of whenโ: Lawmaker calls for property insurance reform before big hurricane hits
Read full article: โItโs not a matter of if; itโs a matter of whenโ: Lawmaker calls for property insurance reform before big hurricane hitsFlorida lawmakers passed 185 new state laws โ only one was related to the property insurance crisis โ and it does nothing to lower premiums. It affects some 75,000 property owners.
Miami rents lower slightly; Fort Lauderdale rents increase
Read full article: Miami rents lower slightly; Fort Lauderdale rents increaseThe rent for a one-bedroom apartment decreased by 2.1% this June in Miami amid a large supply influx, according to the latest report from the rental platform Zumper.
โHome Aloneโ house on sale for 2nd time since iconic movie was filmed
Read full article: โHome Aloneโ house on sale for 2nd time since iconic movie was filmedLocated on 671 Lincoln Avenue in Winnetka, Illinois, the house hit the market over the weekend for the second time since the 1990 film was released.
Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
Read full article: Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuitsA real estate company owned by Warren Buffettโs Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide.
Home health worker accused of stealing real estate from victims she cared for in Miami
Read full article: Home health worker accused of stealing real estate from victims she cared for in MiamiA 48-year-old woman was at the Turner Guilford Knight Correctional Center on Wednesday accused of stealing real estate from a victim she met while working as a home health care worker.
Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits
Read full article: Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuitsReal estate brokerage company Compass Inc. will pay $57.5 million as part of a proposed settlement to resolve lawsuits over real estate commissions.
Vacant office space is highest in decades, rent trend experts report
Read full article: Vacant office space is highest in decades, rent trend experts reportThe rate of office space not leased is the highest in decades, according to Moodyโs Analytics data on office space in major U.S. cities โ including Miami and Fort Lauderdale.
Just 5 residents of this Miami-Dade area โcontrol fortunesโ of over $191B, experts report
Read full article: Just 5 residents of this Miami-Dade area โcontrol fortunesโ of over $191B, experts reportWith Jeff Bezos owning two houses, experts with Bloomberg estimate that just a few property owners of Miami-Dade Countyโs barrier island village of Indian Creek control fortunes of some $191 billion.
Real estate transaction involving historic cemetery in Broward is full of โinjustice,โ residents say
Read full article: Real estate transaction involving historic cemetery in Broward is full of โinjustice,โ residents sayEsther Rolle, an actress who was best known for her role as Florida Evans on โMaudeโ and its spin-off series Good Times, was buried at a historic cemetery in Broward County.
Police: Man steals from Miami condo residents while serving as association president
Read full article: Police: Man steals from Miami condo residents while serving as association presidentA former condo association president stands accused of stealing from the residents of the Blue On The Bay, a gleaming curved 34-story tower overlooking Biscayne Bay, in Miamiโs Edgewater neighborhood.
Woman accused of defrauding Miami-Dade real estate clients while unlicensed, police say
Read full article: Woman accused of defrauding Miami-Dade real estate clients while unlicensed, police sayA foreign couple signed up with a company that promised to help them have their baby in Miami and a company rep recommended a woman who pretended to be a licensed real estate agent to defraud them in Doral, according to the Doral Police Department.
Affordable housing: HUD awards Miami-Dade $40 million to redevelop apartments in Goulds
Read full article: Affordable housing: HUD awards Miami-Dade $40 million to redevelop apartments in GouldsPresident Joe Bidenโs administration will be awarding $40 million to a redevelopment project in Miami-Dade Countyโs Goulds community, officials announced on Tuesday.
Without insurance coverage, church asks low-income seniors to evacuate Miami facility
Read full article: Without insurance coverage, church asks low-income seniors to evacuate Miami facilityMore than 50 residents of The Holy Comforter Senior Housing Facility in Miamiโs East Little Havana neighborhood have to evacuate by October 30.
Rick Ross reportedly under contract for $37M Miami Beach house
Read full article: Rick Ross reportedly under contract for $37M Miami Beach houseWilliam โRick Rossโ Roberts II is under a $37 million contract to buy a 6-bedroom, 9-bathroom house at Miami Beachโs Star Island that he plans to renovate, TMZ reported on Thursday morning.
Florida homeowners pay more on average for property insurance than any state, expert says
Read full article: Florida homeowners pay more on average for property insurance than any state, expert saysJon Zepnick said he has been living at his home in Hollywood since 2011, and although he has never filed a claim, the cost of property insurance has continued to increase.
Magistrate confronts Dania Beach landlord over โterribleโ conditions; city asks state to intervene
Read full article: Magistrate confronts Dania Beach landlord over โterribleโ conditions; city asks state to interveneOri Gal owns residential real estate in Dania Beach. A mother and her three children live in one of his rodent-infested apartments with mold, and termite damage and without a proper ceiling, or working kitchen.
State to tackle affordable housing crisis as newest senior housing project opens in Miami-Dade
Read full article: State to tackle affordable housing crisis as newest senior housing project opens in Miami-DadeState wants to help affordable housing developers as senior housing project opens in Miami-Dade
An old high school gym turned into a home? Youโll have to see listing to believe it
Read full article: An old high school gym turned into a home? Youโll have to see listing to believe itOne portion of the house has the original basketball court and bleachers, while another portion was renovated into elements of what typical homes have, such as a kitchen, bathroom and bedrooms.
Overheated housing markets could burn buyers
Read full article: Overheated housing markets could burn buyersA study released Tuesday by researchers at Florida Atlantic University and Florida International University finds that 15 housing markets in the U.S., including one in Florida, are overvalued by 50 percent or more and poised for potential price corrections.
Shedding new light on that remodeling project: 3 questions to answer before putting in new windows
Read full article: Shedding new light on that remodeling project: 3 questions to answer before putting in new windowsSummer means itโs hurricane season, which, in turn, means itโs a prime time of year to replace windows that may not be up to par for protecting your family in the midst of threatening weather.
Latest housing index reveals whether renting or buying is better for building wealth
Read full article: Latest housing index reveals whether renting or buying is better for building wealthReal Estate Economist Dr. Ken Johnson with Florida Atlantic Universityโs College of Business breaks down whether it's better to buy or rent.
City reports โsome concernsโ with Una Residencesโ parking garage in Brickell
Read full article: City reports โsome concernsโ with Una Residencesโ parking garage in BrickellMandy Karnauskas is among the neighbors of the waterfront Una Residences construction site in Miamiโs Brickell neighborhood who said there are cracks in the concrete and the ground appears to be moving.
Owner of Washington Nationals buys Dadeland apartment building for $114M
Read full article: Owner of Washington Nationals buys Dadeland apartment building for $114MJust steps away from the Dadeland North Metro station will stand a multi-million dollar apartment complex owned by none other than the owner of the Washington Nationals.
Development of one of Miamiโs tallest buildings gets approved in Brickell
Read full article: Development of one of Miamiโs tallest buildings gets approved in BrickellFor residents already complaining about the amount of traffic in Brickell, this news may not be so welcome. According to The Next Miami, plans to build a giant residential tower in Brickell site are moving forward following a vote on Monday. The news was first reported by the Miami Herald.
FTXโs first real estate partnership will be with E11EVEN Hotel & Residences Miami
Read full article: FTXโs first real estate partnership will be with E11EVEN Hotel & Residences MiamiFTX, a U.S.-regulated cryptocurrency platform (that is slowly becoming a part of Miamiโs vernacular due to becoming the new name of Miami Heatโs arena, FTX Arena), is making headlines once again โ the company has announced its first real estate partnership will be with E11EVEN Hotel & Residences Miami.
Joe Jonas and Sophie Turner buy $11 million waterfront mansion in Miami
Read full article: Joe Jonas and Sophie Turner buy $11 million waterfront mansion in MiamiGoodbye, Los Angeles โ two more Hollywood faces have left the City of Angels for Miami and itโs none other than married couple musician Joe Jonas and actress Sophie Turner. Joe Jonas and Sophie Turner purchased their new, 10,416-square-foot Bay Point mansion in Miami for $11 million.
Judge approves sale of oceanside property in Surfside where building collapsed killing 98
Read full article: Judge approves sale of oceanside property in Surfside where building collapsed killing 98Miami-Dade County Circuit Judge Michael Hanzman approved on Thursday a sale agreement of the property in Surfside where a 12-story building collapsed on June 24 killing 98 people.
Company associated with Dubai billionaire bids to buy Surfside building collapse site, records show
Read full article: Company associated with Dubai billionaire bids to buy Surfside building collapse site, records showRecords filed with Miami-Dade County court on Friday identified the buyer of the building collapse site in Surfside in a proposed $120 million deal as a company that is associated with a luxury developer from the United Arab Emirates.
How did the housing market get so crazy? These 4 reasons help break it down
Read full article: How did the housing market get so crazy? These 4 reasons help break it downItโs been a strange time, living through a global pandemic. What first might have come as a surprise, is the housing boom that followed -- and the fact that things have stayed red hot.
Report: Inventory, sales of new homes show slight increase in July
Read full article: Report: Inventory, sales of new homes show slight increase in JulyThere are understandable concerns from homebuyers about inventory and sky-high prices, but there might have been recent some encouraging news to help alleviate those worries.
Your wild home-buying, selling stories: These 17 help paint the picture
Read full article: Your wild home-buying, selling stories: These 17 help paint the pictureWeโve all heard about it by now: Houses are selling like crazy (and they have been for quite some time now), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.
You paid HOW much over asking? Tell us your wild housing market stories here
Read full article: You paid HOW much over asking? Tell us your wild housing market stories hereWeโve all heard about it by now: Houses are selling like crazy (and they have been for quite some time), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.
Study finds Florida homes are overpriced by over 20%
Read full article: Study finds Florida homes are overpriced by over 20%According to researchers, as of June 30, homes throughout Florida were selling for 21.76 percent above their long-term pricing trend, an increase from 19.24 percent in May and 17.17 percent in April.
3 reasons why an in-home consultation is vital before starting a remodeling project
Read full article: 3 reasons why an in-home consultation is vital before starting a remodeling projectThe summer months figure to still be hot for remodeling projects, but before starting one, itโs imperative to have an in-home consultation with an expert.
$22.5 million Miami Beach penthouse paid for entirely with cryptocurrency
Read full article: $22.5 million Miami Beach penthouse paid for entirely with cryptocurrencyJust weeks after a prominent real estate developer announced it would accept digital assets as payment, one of the most expensive penthouses in the Miami Beach neighborhood of Surfside has been sold, and paid for, in cryptocurrency. Yes, crypto.
The end of โWade County?โ Dwyane Wade and Gabrielle Union sell Miami Beach estate for $22 million
Read full article: The end of โWade County?โ Dwyane Wade and Gabrielle Union sell Miami Beach estate for $22 millionIt's the end of 'Wade County:' According to The Real Deal, Wade and his wife, actress, entrepreneur, and author Gabrielle Union, have sold their Miami Beach waterfront mansion for $22 million.
Move over London Eye, worldโs first floating pool just opened in the UK
Read full article: Move over London Eye, worldโs first floating pool just opened in the UKA brand-new one-of-a-kind pool is suspended 115 feet in the air, and is the largest free-standing acrylic pool in the world can be found in London.
Jennifer Lopez and Ben Affleck are renting this Miami Beach mansion for $130k a month
Read full article: Jennifer Lopez and Ben Affleck are renting this Miami Beach mansion for $130k a monthRemember JLoโs hit single back in 2001, โLove Donโt Cost a Thing?โ Well, it turns out love certainly costs at least something for the superstar, as sheโs renting a waterfront mansion in Miami Beach with her ex, Ben Affleck, for over $100,000 a month.
Is Allapattah the new Wynwood? Miami developers think so
Read full article: Is Allapattah the new Wynwood? Miami developers think soThis is leading newcomers, developers, and investors hoping to open businesses to head north to Buena Vista, or, out west. But whatโs out west? Itโs an area of Miami-Dade County called Allapattah, and developers are already hoping to transform the neighborhood into a cultural destination.
Over 33,000 New Yorkers have exchanged their drivers licenses for Florida ones since 2020
Read full article: Over 33,000 New Yorkers have exchanged their drivers licenses for Florida ones since 2020According to new data from the Florida Department of Highway Safety and Motor Vehicles, between September 2020 and March 2021, at least 33,565 New Yorkers exchanged their New York drivers licenses for Florida credentials.
Controversial regulation on alcohol sales starts May 22 in some areas of South Beach
Read full article: Controversial regulation on alcohol sales starts May 22 in some areas of South BeachA new controversial regulation aims to change the out-of-control party on Ocean Drive and Collins Avenue in South Beach. Business owners who benefit from the nightlife atmosphere there say that not only will the measure not work, but it will hurt the local economy.
A tiny castle built nearly 100 years ago is on sale in Fort Lauderdale
Read full article: A tiny castle built nearly 100 years ago is on sale in Fort LauderdaleJust when you thought South Floridaโs massive mansions were enough to make homeowners feel like royalty, it turns out there are literal castles being lived in โ and one is currently on the market.
Florida homeowners face soaring property insurance rates
Read full article: Florida homeowners face soaring property insurance ratesFlorida is the most expensive state for home insurance. And although property insurance carriers are trying to find ways to limit litigation, claims, and fraud, the rising cost is hurting homeowners.
Lionel Messi buys entire floor of luxury South Florida condo for $7.3 million
Read full article: Lionel Messi buys entire floor of luxury South Florida condo for $7.3 millionAccording to a report from The Real Deal, 33-year-old forward and captain for FC Barcelona and Argentinaโs national team, Lionel Messi, has purchased the entire ninth floor of a luxury apartment in Sunny Isles Beach.
Platform 3750 mixed-use project in Coconut Grove relies on public-private partnership
Read full article: Platform 3750 mixed-use project in Coconut Grove relies on public-private partnershipMiami Commissioner Ken Russell said a $90 million affordable housing project in Miamiโs West Grove neighborhood is making history.
5 ways to make your home more environmentally efficient, sustainable
Read full article: 5 ways to make your home more environmentally efficient, sustainableThereโs often no place like home, although that sentiment can sometimes fade when a house starts to rack up energy bills and breaks down in places over the course of time.
San Francisco residents and tech companies are moving to Florida at an unprecedented rate
Read full article: San Francisco residents and tech companies are moving to Florida at an unprecedented rateSan Francisco has lost more residents during the pandemic than any major city in the country โ and hundreds of them have moved to Florida.
Single women own more homes in Miami and Tampa than in most cities across the US
Read full article: Single women own more homes in Miami and Tampa than in most cities across the US(AP Photo/Wilfredo Lee)MIAMI โ In many major metropolitan cities across America, single women are outpacing single men when it comes to homeownership โ and two Florida cities rank supreme. In total, this translates to single women in Tampa owning 132,500 homes. 5 on the list, with single women owning 15.88% of all homes in the city compared to single men, who own 10.18% of all households. AdAlthough women in the U.S. make an average of 81 cents for every dollar men earn, the study finds single women own nearly 1.6 million more homes than single men do in Americaโs 50 largest metros. Single women own about 5.2 million homes, while single men own roughly 3.6 million homes.
The tallest residential building south of New York City is coming to Miami
Read full article: The tallest residential building south of New York City is coming to MiamiDOWNTOWN MIAMI, Fla. โ Miamiโs skyline seems to resemble those of major metropolitan cities like New York and Chicago more and more each year, and now, itโs about to include the tallest building south of The Big Apple itself. Five-star hotel brand Waldorf Astoria is coming to The Magic City in the foreseeable future, marking the debut of Waldorf Astoria in the Miami market. Located at 300 Biscayne Boulevard, the Waldorf Astoria Residences Miami will rise 100 stories and 1,049 feet above Biscayne Bay as the tallest residential building south of New York City. Waldorf Astoria Residences Miami (Courtesy of ArX Solutions)The tower will consist of 360 private residences, as well as 205 guestrooms and suites within the five-star hotel. AdโThe unique nature of this project largely comes from not only creating an iconic building, but a distinguished sculpture that would permanently alter Miamiโs skyline with height and design never seen before,โ says Ott.
Home buyers and sellers moving away from traditional real estate transactions
Read full article: Home buyers and sellers moving away from traditional real estate transactionsRoy Oppenheim, a real estate attorney in Weston, said that currently 11-15% of real estate transactions donโt involve a realtor. Oppenheim said thereโs also pressure on traditional real estate commissions. โThereโs a tone of work that youโre going to need advice on, and youโre going to do a lot more work also,โ he said. AdWhile the Tuccelloโs bought their new home without a real estate agent, they did use one to sell their existing home. Data from the National Association of Realtors shows that there are currently more licensed real estate agents than there are homes on the market, which means even fewer opportunities for those in the industry.
Florida ranch goes on sale for the first time in over 100 years for $140 million
Read full article: Florida ranch goes on sale for the first time in over 100 years for $140 millionOSCEOLA COUNTY, Fla. โ For over 100 years, Green Island Ranch in Central Florida has been owned by the Partin family. According to SVN Saunders Ralston Dantzler Real Estate, Green Island Ranch, located in St. However, the massive property is more than just a real estate opportunity for investors โ itโs also a historical landmark in Floridaโs history. Since then, the working ranch has been in the Partin familyโs ownership and, at one time, was the largest ranch east of the Mississippi at 60,000 acres. AdFurther adding to the ranchโs historical significance, the real estate company states the Partin family introduced Brahman cattle and quarterhorses to the state of Florida.
Bahamasโ largest private island could be yours โ for a hefty price
Read full article: Bahamasโ largest private island could be yours โ for a hefty priceThe largest private island in the Bahamas is going up for sale. The 730-acre undeveloped island known as St. Andrews or Little Ragged Island is a deep-pocketed developerโs dream. The island is listed for $19.5 million but there is no minimum bid. Itโs on sale through real estate company Concierge Auctions. Bidding opens March 26 and closes March 31.
Study shows Miami is the fifth least affordable large city to buy a home
Read full article: Study shows Miami is the fifth least affordable large city to buy a homeHowever, when it comes to purchasing real estate in Miami, homebuyers may not be as fortunate. In AdvisorSmithโs most recent study, โMost and Least Affordable Cities for Homebuyers,โ they examined 592 metropolitan areas in the U.S. to find the top 10 small, midsize, and large cities that have the most and least affordable housing markets for homebuyers. According to their findings, Miami is the fifth least affordable large city to buy a home. Their research shows that the price-to-income multiple in Miami, is 8.7, while the average price-to-income ratio was 4.8 nationwide. Furthermore, the average home price in Miami is currently $372,335, while the median household income is $42,966.
At $59 million, one of Miamiโs priciest new penthouses sports Sunny Isles Beach zip code
Read full article: At $59 million, one of Miamiโs priciest new penthouses sports Sunny Isles Beach zip codeSUNNY ISLES BEACH, Fla. โ If you had $59 million to spend on a home, what would you buy? One of the most expensive penthouses ever offered on the Miami market is set to go on sale later this year. Estates at Acqualina in Sunny Isles Beach. All of these extras may just be enough to attract buyers looking into luxury real estate. Itโs part of a trend in a hot South Florida market.
Itโs now cheaper to rent in Miami than in Fort Lauderdale
Read full article: Itโs now cheaper to rent in Miami than in Fort LauderdaleAccording to the latest nation rent report by Zumper, Miamiโs median rent from January 2020 to January 2021 decreased by a whopping 9.1%, while Fort Lauderdaleโs median rent rose by 3%. Currently, Miamiโs average rent is $1,600 per month for a one-bedroom unit, versus $1,690 in Fort Lauderdale for the same unit. However, despite this major shift, Miami and Fort Lauderdale are still among the top 15 most expensive cities for rent, according to the report. Fort Lauderdale ranked as the 11th most expensive, while Miami is in the 13th spot. AdAlso notable on the list was the fact that Seattle ($1,560 per month), Chicago ($1,540 per month), and Atlanta ($1,480 per month), are all currently cheaper than Miami and Fort Lauderdale.
Eviction moratorium hurts Miami property owner dealing with squatters flashing fake lease
Read full article: Eviction moratorium hurts Miami property owner dealing with squatters flashing fake leaseInstead, she said there are squatters with a fraudulent lease, and the coronavirus pandemicโs eviction moratorium is protecting them. โI am a landlord and I donโt have any rights,โ Guerrero said. Guerrero said the situation with the squatters is affecting her health because she is so stressed. Miami-Dade Mayor Daniella Levine-Cava is reviewing her predecessorโs moratorium to consider cases like Guerreroโs, a county spokesperson said. The federal eviction moratorium was extended until Jan. 31.
South Florida real estate market booms, thanks in part to COVID-19
Read full article: South Florida real estate market booms, thanks in part to COVID-19MIAMI โ While the pandemic has had a negative impact on many areas of the economy, home sales in South Florida are doing better than even a year ago before COVID-19 became a concern. According to the Miami Association of Realtors, Broward total sales for both single-family homes and condos were up more than 14% between September 2019 and September 2020. Before COVID we already had a strong presence from those from the Northeast coming down and South American coming up and COVID has just accelerated that trend,โ said Jorge Guerra, director of the Miami Association of Realtors. Guerra said U.S. citizens are coming to South Florida to flee high tax states and South Americans are looking for government stability. He said properties are selling quickly and distressed sales remain low, which he said are signs of a healthy market.
South Florida real estate market shifts from focusing on condos to single family homes
Read full article: South Florida real estate market shifts from focusing on condos to single family homesNot long ago, condos were the hot item in the South Florida housing market. Soberon just moved to South Florida from Downtown Dallas, where he realized he was spending over $1,000 a month on condo fees for amenities he couldnโt use. โWe just put in an offer on a house and there were four other offers.โIn Miami, single family home sales are up almost 17%. Throughout Florida, the inventory of single family homes is down almost 36% from last year with just over a two month supply. โThereโs not as much inventory as we would usually have, and we have more people looking,โ Goldberg said.
Evictions more likely to affect Black tenants in Miramar, Pompano Beach, researchers say
Read full article: Evictions more likely to affect Black tenants in Miramar, Pompano Beach, researchers sayMIAMI Evictions are more likely to affect Black tenants in South Florida during the coronavirus pandemic, researchers say. The evictions are more likely to happen in Miramar, Pompano Beach, Hollywood, Miami Gardens and Fort Lauderdale. An analysis by the Center for Public Integrity, a nonprofit investigative journalism organization, concluded U.S. evictions filed from March 27 to July 10 are disproportionately impacting Black tenants. The Eviction Lab at Princeton University ranked the South Florida cities as having had the highest rate of evictions in the state. CPI researchers also found Tzadik Management, a real estate and property management company at 11098 Biscayne Blvd., near Miami Shores, is the landlord that has filed the most evictions in Florida.
โGolden Girlsโ house for sale, but it isnโt in Miami
Read full article: โGolden Girlsโ house for sale, but it isnโt in MiamiMIAMI, Fla. โ Almost 35 years ago, we were invited into Blanche Devereauxโs house in Miami for seven TV seasons, where she and the other โGolden Girlsโ lived. Itโs the first time ever the โGolden Girlsโ home has been up for sale. The inside of the real Brentwood residence was private and is being revealed for the first time in 65 years. โArchitecture, location and a slice of Hollywood history.โBut, wait, didnโt you visit The Golden Girls house at Walt Disney Worldโs Hollywood Studios in Orlando? See the houseโs for sale listing.
Hard times hitting home? Here are ways to avoid foreclosure amid pandemic
Read full article: Hard times hitting home? Here are ways to avoid foreclosure amid pandemicDuring a time in which some people are being furloughed or have lost their jobs altogether, the reality of foreclosure can become a scary thing.
US existing home sales plunge 17.8% in April
Read full article: US existing home sales plunge 17.8% in AprilThe Commerce Department reported Thursday, April 23, that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February. (AP Photo/Keith Srakocic)WASHINGTON Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The sales drop was the largest one-month decline since a 22.5% fall in July 2010. That tail-off was preceded by the end a congressionally approved tax credit intended pull the housing market out of the 2006 collapse of the housing market. Sales were down in all parts of the country with the West seeing a 25% drop.
Ready to tackle home improvement projects now that you finally have some time? 5 tips
Read full article: Ready to tackle home improvement projects now that you finally have some time? 5 tipsMore time at home has turned into more of an opportunity to do various home improvement projects, although that sometimes can be dangerous. Scott Frankel, co-president of Frankel Building Group in Texas, offered five tips for those who are currently attempting or about to start home renovation projects while quarantined. They arenโt things that are going to necessarily wow your neighbor, but they need to be done.โDonโt bring in outside workers. Itโs a real easy way to throw your back out or slip off of a ladder.โClean out items you donโt need anymore. โWhen you go to a professional and you say that this is what you want to do, your ideas are organized,โ Frankel said.
One of the biggest and luxurious properties in Broward County goes up for auction
Read full article: One of the biggest and luxurious properties in Broward County goes up for auctionSOUTHWEST RANCHES, Fla. โ Dubbed "The Pancake House" because the owners are involved in IHOP, but it could be yours if you have stacks of cash. The 7.5 acres, 11 bedroom/15 bathroom home in Southwest Ranches, is up for auction to the highest bidder. The estate has a colonial feel to it and features a yoga room, a massive bar, bowling alley, and a movie theatre room. "It's just a great opportunity for somebody who wasn't quite ready to pull the trigger that might now have an opportunity to get a deal. That's why anybody goes to an auction, to raise the paddle and say, 'I'm ready to buy, and I want to get it cheaper than anybody else,'" says real estate agent Mark Kaminsky.
1135 Hollywood Blvd., Hollywood
Read full article: 1135 Hollywood Blvd., Hollywoodft.Resort-style poolAn oasis in the heart of the city, 1135 Hollywood Blvd. is a three-bedroom, three-bathroom home that sits on an oversized lot in historic Hollywood Lakes, just a short drive to the beach. Inside you'll enjoy wood and tile flooring, an updated kitchen and bath, lots of storage and classic mid-century architecture. Outside, you'll feel like you've been transported to an island resort. For more information, please visit 1135Hollywood.com.