Tagged: real estate

Five years ago, Peter Zalewski was working as a business journalist, but he jumped into real estate before the condo crisis hit and founded Condo Vultures. His provacatively named real estate firm has grown by leaps and bounds, helping buyers to sift through the foreclosure stats and find steals in South Florida’s real estate collapse. Last year, he also appeared in Michael Moore’s

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,

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

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 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.

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.