real estate

PETER ANDREW BOSCH / Miami Herald

Condominium and luxury real estate sales may slow down in Miami  this year. That's due in large part to the fact that economies in Brazil, Argentina and Venezuela are collapsing. And billions in real estate purchases in Miami comes from South America. But not all real estate will be in bad shape in the coming year. Nick Nehamas of the Miami Herald wrote about real estate and other economic predictions for 2016.  This is actually looking pretty bad for Latin America.

courtsey

When one thinks of real estate in South Florida, one probably thinks of the housing market. That wouldn’t be wrong, but the other big slice of real estate -- and one with the cranes and big construction projects -- is coming off a big year.  Last year South Florida saw more than a dozen commercial real estate deals of more than $100 million dollars.  Billions of dollars of office buildings, condo buildings, shopping malls and warehouses were bought and sold throughout the region. Can the boom continue?

A new report by federal investigators says Florida has consistently underperformed other states in using federal mortgage assistance money to help desperate homeowners facing foreclosure.

Tom Hudson

Between a neighbor's leaf blower and planes overhead taking off from Miami International Airport, it's hard to hear Jorge Artiles describe the home on Northwest 34th Street.

Wilson Sayre / WLRN

It would have been tough to beat June’s housing numbers, a month when Miami-Dade County set an all-time record for single-family home sales.

While South Florida as a whole saw a slight drop compared to June, July’s sales were still about 14-percent higher than July last year, according to a report from Florida Realtors.

Andy Newman / Florida Keys News Service

The financial news service Bloomberg created a list of the 50 wealthiest small towns in America and only one is in Florida: Key West.

The southernmost city ranked 13th on the list. The index was created by measuring median income, percentage of households with income of more than $200,000, median home value and percentage of homes valued at more than $1 million.

Joe Raedle / Getty Images via Miami Herald

Outside the Calvary Bible Alliance Church, Jean Celin holds court. Dressed in a smart black suit, headset cradling his neck and cell phone in hand, Celin greets a steady stream of churchgoers while taking one phone call after another.

Celin is the assistant pastor at this Haitian church in Delray Beach. He’s been coming here for the past 30 years — almost as long as he’s been in the United States.

“Everybody likes him,” says Marc Horace, the senior pastor at Calvary. “He’s very helpful, he’s a very giving guy.”

The feeling is mutual.

Miami Herald

Florida remains one of the states with the highest foreclosure rate, according to a new report from real estate firm RealtyTrac. The Sunshine State has four of the five metro areas with the highest foreclosure rates: Tampa, Lakeland, Jacksonville and Ocala.

But compared to last year, foreclosures are down and, according to Daren Blomquist, VP at RealtyTrac, a lot of the bad loans that led the nation into the housing crisis are cycling out of the system.

The Miami Herald

Last week, Gov. Rick Scott signed into law a bill protecting tenants living in foreclosed homes. The law was passed unanimously by both houses and takes effect immediately.

Renters living in foreclosed homes had previously been protected by a federal law that gave them 90 days or until the end of their lease to move out. But that law expired December 31. Without any comparable state law in place, Florida’s tenants were left with few legal remedies.

Today on WLRN-Miami Herald News, you heard:

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