real estate

Here's a headline that may sound familiar: Miami is in the middle of a condo boom.

Just seven years ago, Miami had a similar surge in condo construction. But it all came crashing down. There was an international banking crisis, and the Florida real estate bubble burst — taking down investors and many developers.

But new towers are once again reshaping the city's skyline.

Peter Zalewski, a real estate consultant with Condo Vultures, says 19 condo towers are now in the works in Miami, with 7,000 total units.

Remember Sen. Marco Rubio's paean to his Florida neighborhood in giving the Republican response to the State of the Union address?

The U.S. Supreme Court ruled Tuesday that a Florida man's floating home was a house, not a boat, and that therefore, the city marina where he kept it docked could not seize the structure under federal maritime law. The case could affect thousands of houseboat owners nationwide.

The past couple of years have been difficult for the state's real estate market-- particularly in South Florida. However, real estate agents now say that Miami's market is finally booming after years of a lull.

According to Bloomberg News,

Marlins Trade Away Top Players - And Fans' Trust

Nov 20, 2012
ItsL_E

The Marlins latest fire sale is official: Major League Baseball Commissioner Bud Selig approved the trade of 5 of the team’s top players.  

401(K) 2012 /Flickr

ProPublica reports that $300 million awarded to Florida through a settlement over bad mortgages and foreclosures remains untouched. 

That money is meant to help homeowners in Florida that were hurt by the state's housing crisis.

Millions of dollars were given to individuals and state governments by big banks accused of wrongful foreclosures and other mortgage servicing abuses.

Florida got the biggest sum of money-- besides California-- because the state was wracked by the housing crisis.

Florida is number one when it comes to foreclosures. This is the first time since 2005 that Florida has held the top spot.

The rankings for September are based on figures released Thursday by RealtyTrac.

Within the state, Broward County has the highest percentage of homes going through the foreclosure process.

The Nine Best Blocks In South Florida

Oct 10, 2012
Albert Harum-Alvarez

For the first time since the 1920’s, young people across the United States are migrating back to the urban cores, and leaving the suburbs behind, according to U.S. Census data.

HAM guy/flickr

The effort to shrink the number of homes insured by the state-backed Citizens Property Insurance is accelerating into high gear.

The Office of Insurance Regulation approved the company’s rate hike request this week.

At the same time, more than 200,000 Citizens customers are being contacted by private insurance companies that want their business.

Flickr/Dean Terry

A controversial agreement between Palm Beach County and developers is finally producing reduced-price homes for low- to middle-income families.

It’s just not happening fast enough.

In 2006, at the height of South Florida’s building boom, the county decided to set aside affordable housing for its workforce.  So it struck what sounded like a sweet deal for developers: they could build more houses than usual within certain areas, provided they knock down some prices. 

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