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The number of annual condo sales fell by 26.8% in June 2024 in Miami-Dade, to 865 deals from 1,181 deals in June 2023, according to the latest breakdown of Florida new signed contracts compiled by ...
The sky appears to be the limit for South Florida luxury residential real estate. Billions of dollars in luxury condominium towers are in the pre-sales, planning and construction pipeline. March ...
New Florida laws are making condo living increasingly expensive and are forcing many owners out. Florida realtor Jeff Chenore has been in the real estate business for 30 years and says the ...
A 2005 study [2] of real estate commission rates, reported that realtors tended to charge, "about 5 percent to 7 percent of a property's selling price...". More recently, CBS News, "60 Minutes" television news magazine reported in 2007 that competitive pressure resulting from a record number of licensed agents has driven down the average sales ...
Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding mortgages that exceed the value of their homes. [ 32 ] 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at December 31, 2010. [ 33 ]
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In a change for a state long associated with soaring real estate prices, Florida now claims nine of the top 10 “easiest” housing markets for buyers in the U.S., according to a new report from ...
A spate of flipping often creates an economic bubble which then bursts, such as during the Florida land boom of the 1920s. [2]In the 2000s, relaxed federal borrowing standards (including subprime lending that allowed a borrower to purchase a home with little or no money down) may have led directly to a boom in demand for houses. [3]