The real estate market in Miami may be slowly recovering, but that's not good news for everyone. Foreclosures in the Miami metro area surged last month with one in 236 housing units in the market receiving a foreclosure notice. That's more than four times the national average. The recent surge is ... More >>
Miami was pretty much ground zero for the housing bubble bust, but things have begun to look up, at least according to some numbers. Home prices in the area are up 11 percent since last year, but the Washington Post warns that any semblance of a recovery might be the result of Wall Street strat ... More >>
Congratulations, Miami-Dade! You're home to two of the five worst-run cities in the country.The rankings come from 247WallSt.com which used a number of factors to determine the list. Gross metropolitan product, public debt, unemployment rates, violent crime, poverty, home prices, the number of insur ... More >>
No longer can you count on finding a sweet deal on rent in one of those quickly filling-up high rises. 24/7 WallStreet reports that rents in Miami are skyrocketing. In fact, in the past year Miami saw the third highest rise in average rent of any major metro area, and those rents rose more than twic ... More >>
Next time someone tells you, "Eh, this recession hasn't sucked that much in Miami," whip out this interactive economic graphic report that the Brookings Institute just published. The think tank's conclusions are stunning: Of 200 global cities they analyzed, Miami's economy was harder hit by the r ... More >>
Using a highly scientific formula that considers factors including WNBA teams, nude yoga sessions, and local Mr. Leather semifinalists (uh, no, really), the Advocate magazine has crunched out its annual list of the "Gayest Cities in America." The Sunshine State was well represented -- by Fort Lau ... More >>
The average amount paid for a condo in Miami-Dade rose in July for the first time since the real estate boom of 2008. Though, the total number of condos sold dipped slightly since June.
Here's a staggering statistic from the continued fallout of Florida's real estate bust: 18 percent of homes in Florida, or nearly one in five, sit empty. That's a 62 percent increase in empty homes in the past ten years, and the surplus of inventory on the market ensures that home prices are ... More >>
Sarnoff will work without pay for an entire monthThe City of Miami is facing a $100 million budget hole thanks to a 15 percent drop in property values. City hall has vowed not to raise taxes, and while Commission Chairman Marc Sarnoff has talked openly about the possibility of bankruptcy, th ... More >>
via The Truth About's FlickrNope, the Miami real estate market is not gearing up for a miraculous rebound. It's not even reached rock bottom, at least according to one analysis. CNNMoney reports that Fiserv, a financial information and analysis firm, predicts the average home price in Miami to tumbl ... More >>
If you cant sell it, renovate it
9260 SW 70th Street
Miami's northeast side is in trouble, and city housing boss Herbert Bailey has eagerly pitched in to help. Personally. On his own time. With his own money. An investigation is underway.