When Warren Buffet met with his shareholders in Omaha, Nebraska, last week, he spoke about many things but the one thing that interested me was his take on real estate. He believes that the government plans to help the economy
New TALF (Term Asset-Backed Securities Loan Facility) program launches in June. On Friday, the Federal Reserve announced that it will launch a much-awaited program in June to bolster commercial real-estate lending. And, to help make the program more attractive to investors, the
With 24 pending sales recorded, April has been the busiest month so far this year in Brickell Key. So what is selling? The majority of sales consisted of distressed properties priced under half a million dollars. Ninety two percent of
There are now 80, that’s right 80 pending sales in Coral Gables. My last blog post on May 1st reports 77 pending sales. 43 of these sales have pended within the last 30 days. The pending home list prices range from
Staying on that theme…Miami is one of the US #1’s in domestic tourist destination. And foreign visitor numbers are still growing despite the global economic problems. This year has been a bumper year so far for tourist numbers. In the
According to recent news reports, there may be anywhere from 36,000 to 100,000 homes across the country built between 2003-2008 that may contain tainted drywall imported from China. Drywall commonly used for interior walls and ceilings in homes is usually
434 Minorca has been on the market for 6 days, was priced to sell and is now a pending sale. Just adding to the list of 77 other pending sales in Coral Gables. For you sellers…This goes to show that aggressive pricing is
Today is the second day of the Miami Beach Polo World Cup games. Day one was the women’s division. Two different women’s divisions played with Team NESSPRESO winning along with Sunny Hale’s Team. All the teams played very well and it was a great event.
I noticed, last week, when I was showing apartments at the Continuum and the Murano, that life on South Beach was going on as usual. It was filled with people at the beach, fantastic luxury cars and crowds in the
I just read a good article in the miamiherald.com about home sales in South Florida. According to this article entitled, “South Florida home sales continue to rise” South Florida Home sales in March rose by 47% in Broward County and
