real estate http://blog.wlrn.org en Florida Leads Nation In International Homebuyers http://blog.wlrn.org/post/florida-leads-nation-international-homebuyers <p><span style="line-height: 1.5;">Florida’s recession could have been worse if not for homebuyers from other countries.&nbsp;</span></p><p>The nonprofit government watchdog group Florida TaxWatch says <a href="http://www.floridataxwatch.org/resources/pdf/InternationalHomesFINAL.pdf" target="_blank">international buyers bought up cheap properties</a> and pumped cash into the state’s economy.</p><p>The buyers were mainly from Canada, Latin America and Europe – all regular trading partners of the U.S.</p> Tue, 24 Jun 2014 21:35:57 +0000 Gina Jordan 34460 at http://blog.wlrn.org Florida Leads Nation In International Homebuyers Want To Buy A Prison? You're In Luck http://blog.wlrn.org/post/want-buy-prison-youre-luck <p><strong>UPDATE 6/2/2014:</strong> The City of Pembrook Pines has won their bid for the empty prison. Mayor Frank Ortis says the City wanted to control what happened with the land which is not far from houses that fall within city limits.</p><p>------------------------------------------</p><p>A 66-acre plot of land off Sheridan Street has excellent security features, and it will soon be on the market.<span style="line-height: 1.5;">&nbsp;The Broward County Correctional Institution, a former women’s prison, is being sold off by the state.</span></p> Fri, 14 Mar 2014 22:24:18 +0000 Wilson Sayre 29242 at http://blog.wlrn.org Want To Buy A Prison? You're In Luck The Disappearing Act Of Wynwood-Midtown Satellite Fairs http://blog.wlrn.org/post/disappearing-act-wynwood-midtown-satellite-fairs <p><span style="line-height: 1.5;">Art Basel satellite fairs are having a harder time setting up shop in </span>Wynwood<span style="line-height: 1.5;"> and Midtown as the area becomes an established, year-round neighborhood.</span></p> Wed, 04 Dec 2013 20:12:51 +0000 Wilson Sayre 24541 at http://blog.wlrn.org The Disappearing Act Of Wynwood-Midtown Satellite Fairs How Brazilians Have Helped Save South Florida Real Estate http://blog.wlrn.org/post/how-brazilians-have-helped-save-south-florida-real-estate <p></p><p></p><p>The years 2009 and 2010 were dark days for Miami real estate. Home prices plummeted. Mortgages imploded. Foreclosures soared.</p><p>And buyers flooded in from Brazil.</p><p>Since that time, Brazilians have become the top foreign buyers of homes and especially condominiums in South Florida. As recently as June, the largest number of foreign-based online visitors to the Miami Association of Realtors website <a href="http://www.prweb.com/releases/2013/9/prweb11109551.htm">came from Brazil</a>. In 2011 and 2012, most international buyers of residential real estate in the Miami area came from Brazil.</p><p> Wed, 23 Oct 2013 10:30:00 +0000 Tom Hudson 22512 at http://blog.wlrn.org How Brazilians Have Helped Save South Florida Real Estate Now Sold, Will The Former Versace Mansion In South Beach Be Preserved? http://blog.wlrn.org/post/now-sold-will-former-versace-mansion-south-beach-be-preserved <p></p><p></p><p><span style="line-height: 1.5; ">On July </span>15<span style="font-size: 12px; line-height: 17px;">,&nbsp;</span><span style="line-height: 1.5; ">1997 Gianni Versace left for the morning paper at just before 9 a.m. Nearly everyone in Miami and a great deal of people across the world know the story.</span></p> Thu, 17 Oct 2013 12:13:25 +0000 Nathaniel Sandler 22196 at http://blog.wlrn.org Now Sold, Will The Former Versace Mansion In South Beach Be Preserved? One Roof, Many Generations: Redefining The Single-Family Home http://blog.wlrn.org/post/one-roof-many-generations-redefining-single-family-home New homes are back in a big way — literally. This summer, a typical new house in Phoenix was more than 20 percent larger than a resale home as builders across the country added more space to accommodate post-recession lifestyles.<p>Take Jacque Ruggles' family, for example. Four women from three generations live under one roof.<p>"I'm the matriarch," Ruggles says. "I'm grandma."<p>Ruggles makes the monthly $1,789 mortgage payment on the 2,900-square-foot<strong> </strong>home in Gilbert, Ariz., which she bought new about a year and a half ago. Tue, 15 Oct 2013 18:24:48 +0000 22135 at http://blog.wlrn.org One Roof, Many Generations: Redefining The Single-Family Home Asian Investors Find Hot Market In U.S. Properties http://blog.wlrn.org/post/asian-investors-find-hot-market-us-properties The General Motors Building in Manhattan is a majestic 50-story, white marble structure that takes up one full city block. This is prime New York City real estate. A flagship Apple store sits on the ground floor, across the street is the Plaza Hotel, and on another corner is an entrance to Central Park.<p>The GM building is considered one of the most valuable office towers in the U.S. Mon, 30 Sep 2013 11:36:38 +0000 Jackie Northam 21360 at http://blog.wlrn.org Asian Investors Find Hot Market In U.S. Properties What $57M In Federal Asset Seizures Might Say About South Florida http://blog.wlrn.org/post/what-57m-federal-asset-seizures-might-say-about-south-florida <p></p><p><span style="line-height: 1.5; ">In the last year, over $57 million in illegal assets relating to federal cases in South Florida have been seized by the United States government, according to data provided by the U.S. Attorney’s office in South Florida.</span></p><p>$57,321,390.40 to be exact.</p> Tue, 24 Sep 2013 18:58:01 +0000 Nathaniel Sandler 21070 at http://blog.wlrn.org What $57M In Federal Asset Seizures Might Say About South Florida Home Prices Rise At Best Pace In Seven Years http://blog.wlrn.org/post/home-prices-rise-best-pace-seven-years Led by more strong gains in Las Vegas, San Francisco, San Diego and Los Angeles, home prices in major U.S. cities were up just more than 12 percent on average in July vs. Tue, 24 Sep 2013 14:47:02 +0000 Mark Memmott 21090 at http://blog.wlrn.org Home Prices Rise At Best Pace In Seven Years Former Versace Mansion In Miami Beach Auctioned For $41.5M http://blog.wlrn.org/post/former-versace-mansion-miami-beach-auctioned-415m <p>The former Versace mansion fetched a top bid of $41.5 million from a group that included New York’s Nakash family, which controls Jordache Enterprises, at a court-ordered bankruptcy auction Tuesday.</p><p>After the auction, Joe Nakash, the winning bidder and owner of the Victory Hotel next door, said he plans to ask for the right to use the Versace name and operate the mansion as a hotel in conjunction with the Victor.</p><p>Lamar P. Fisher of Fisher Auction Co. conducted the auction Tuesday morning inside the ornate 10-bedroom, 11-bath mansion.</p> Tue, 17 Sep 2013 15:03:40 +0000 Martha Brannigan 20734 at http://blog.wlrn.org Former Versace Mansion In Miami Beach Auctioned For $41.5M Citizens Approved For 6.3 Percent Hike On Homeowners http://blog.wlrn.org/post/citizens-approved-63-percent-hike-homeowners <p>Homeowners covered by Citizens Property Insurance Corp. will see an average rate increase of 6.3 percent next year.</p><p>The increase, approved Monday by the Office of Insurance Regulation, is down from a 7.9 percent hike requested on the combined personal-lines and coastal accounts. Citizens officials previously said a 7.9 percent increase wouldn't be enough to cover the projected costs for next year.</p><p>The increase doesn't include sinkhole coverage.</p> Mon, 09 Sep 2013 22:08:48 +0000 Jim Turner & News Service Of Florida 20339 at http://blog.wlrn.org Citizens Approved For 6.3 Percent Hike On Homeowners How Drugs May Be Helping Miami’s Real Estate Rebound http://blog.wlrn.org/post/how-drugs-may-be-helping-miami-s-real-estate-rebound <p></p><p><span style="line-height: 1.5; ">For 18 months straight South Florida home prices have been rising. One reason is cash. For every 10 homes sold in July in our region, seven were bought with cash: no mortgage, no credit check.</span>&nbsp;&nbsp;</p><p><span style="line-height: 1.5;">Moreover, 90 percent of the cash buyers of Miami condos are foreign, which often means less financial oversight is involved in the purchase.</span></p> Tue, 03 Sep 2013 11:00:00 +0000 Elaine Chen 19959 at http://blog.wlrn.org How Drugs May Be Helping Miami’s Real Estate Rebound What Kind Of Money Fuels The Miami Real Estate Market? http://blog.wlrn.org/post/what-kind-money-fuels-miami-real-estate-market <p></p><p>The housing recovery has come fast to South Florida. But some are concerned that the cash-fueled rebound here may be relying, in part, on dirty money.&nbsp;</p><p> Fri, 30 Aug 2013 16:00:00 +0000 Elaine Chen 19845 at http://blog.wlrn.org What Kind Of Money Fuels The Miami Real Estate Market? South Florida's Condo Market Is Thriving http://blog.wlrn.org/post/south-floridas-condo-market-thriving <p></p> Wed, 28 Aug 2013 17:00:00 +0000 Joseph Cooper, Bonnie Berman & Paul Leary 19679 at http://blog.wlrn.org South Florida's Condo Market Is Thriving Top Foreign Real Estate Buyers In Miami Are Brazilians http://blog.wlrn.org/post/top-foreign-real-estate-buyers-miami-are-brazilians Transcript <p>GREG ALLEN, BYLINE: I'm Greg Allen, in Miami. To gauge the impact of Brazilians here, you only need to go downtown and look up.<p>(SOUNDBITE OF MACHINERY)<p>ALLEN: Just a few years after the housing downturn, in Miami, once again, cranes and construction crews are hard at work building high-rise condominiums. Thousands of units are going up all over town, and many are being built for Brazilians.<p>SORAH DAIHA: For the same price of something that you buy here, you're going to have to pay three times more to get in the best neighborhood in Sao Paulo or Rio. Wed, 14 Aug 2013 12:40:34 +0000 Greg Allen 19023 at http://blog.wlrn.org