real estate

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:

South Florida Ranks Fifth For Unaffordable Housing

Mar 31, 2015
Jessica Meszaros / WLRN

A new report from Realtor.com, an online real estate service provider, ranks South Florida fifth for unaffordable housing in the nation. It’s just below New York, Los Angeles, San Diego and San Francisco, which tops the list. 

Today on WLRN-Miami Herald News, you heard:

Flickr user Images Money per Creative Commons License: https://creativecommons.org/licenses/by/2.0/

The majority of Florida home purchases were cash transactions in June. That’s according to a new report from California-based real estate analysis company CoreLogic.

Mark Fleming, chief economist at CoreLogic, says the recession and housing bust have resulted in a spike of cash buyers.

“Either because they don’t want to have the mortgage debt burden or, in many cases can’t qualify for mortgage loans,” Fleming says.

Flickr user Mr. Usaji per Creative Commons license: https://creativecommons.org/licenses/by/2.0/

One of the most expensive property sales in South Florida history is in the works on South Beach. Six properties -- currently held by the Terranova Corporation and Acadia Realty Trust -- along Lincoln Road are expected to sell for $342 million.

The properties' current occupants are Starbucks, Armani Jeans, Fossil and the Khong River House restaurant.

As the Miami Herald reports:

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