Total pending residential sales increased 15% in June from what they were a year ago. The uptick is being driven by foreign money, according to the Miami Association of Realtors. Although we are seeing an increase in activity, the prices of homes in South Florida reached their lowest point since the real estate crash according tothe Standard & Poors/Case – Shiller Price Index released June 28, 2001. Prices were down in the county area 6% in March 2011 from the same time last year.
CHASE BANK HAS BEEN QUIETLY OFFERING SOME FLORIDA HOMEOWNERS A REALLY GOOD DEAL. In return for $10,000 to $20,000 in cash, borrowers behind on their mortgage payments will agree to a short sale.
To have any chance at the program, homeowners behind on their payments must call the lender or visit one of its 13 mortgage help centers in Florida according to Chase spokeswoman Nancy Morris.
SOME GOOD NEWS FOR AVENTURA!! LOUIS VUITTON OPENS IN AVENTURA MALL three months after it announced it was opening a location in the city to replace its former home in Bal Harbor. This Aventura store will only be temporary, a permanent storefront will be available in 2012. Meanwhile it’s great to have that gorgeous store in Aventura.
Remember, prices are low,properties are beautiful, and now is the time to buy! Look through our inventory on HOME SEARCH and call me.