Florida Real Estate Insider: 2011

NAR overestimated real estate sales by 14% Inman News

Paradoxically, N.A.R overestimated the amount of homes that weren't sold by MLS Realtors (By owner or builder sales).

Census: Fla. ranks 3rd among states for population growth estimates:

The three top magnets: 1 Texas, 2 California and 3 Florida.
My prediction for 2012 is that Texas will be in the news for bad weather (severe drought again), and California for disfunctional finances (public debt); and Florida will move up in numbers next year. EMB

'via Blog this'

Supreme Court nixes foreclosure mediation

This program never really got off the ground

Midtown Opportunities Acquires 22 Acres of Land in Midtown Miami

Bets on that Genting Casino already started!

Miami's billion-dollar real estate boom - from Florida Trend, Florida's Source For Business News

Here's two simple facts that should spark your appetite for profits: 1: Latin America is rich in natural resources and its population peak won't arrive until 2050, much later than the U.S., China, Europe and Japan. While much of the world will be going in reverse, Latin America will experience almost guaranteed economic growth. 2: Latin American money loves South Florida. EB

Why are Florida insurance premiums rising despite six hurricane-free years? House Keys blog

These charts show you how the insurance industry views your homeowner's policy premium. Even though no Category 3 or higher hurricane has hit any U.S. coast in over 6 years, the insurers are still recuperating from the bad cycle 6-8 years ago. In the last 10 years in Florida, the insurers did just a bit better than break-even; in other coastal states, they've fared worse. EMB

New-home sales headed for record low in 2011

In Florida, a foreclosure is taking, on average, about twice as long as the national average.

Datamine - from Florida Trend, Florida's Source For Business News

Homes for sale declining across South Florida - South Florida Sun-Sentinel.com

The trend has been positive for sellers as demand and supply were more closely aligned, but there are still many properties in distress being processed by the courts, so it's very unlikely that a seller's market will develop anytime soon

FL existing home, condo sales rise in July | Florida Real Estate Journal

Averages for Florida, compared to one year ago, 10% more sales, prices remain flat.

Existing home sales close higher in second quarter | Florida Real Estate Journal

The number of single family homes increased only 1% over last year's numbers, but condominium sales were up 14%. EMB

The Florida real estate market has endured years of bad news, but the latest report shows that it is now rebounding faster than other markets:
Florida real estate gets high marks in Fed’s latest review of the U.S. economy - Real Estate News - MiamiHerald.com

Prices for the "regular" (non-distressed) homes are up in South Florida, although the distressed inventory is keeping a lid on the combined average price

Miami-Dade housing prices up 12.5% on non-distressed sales - Business - MiamiHerald.com

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