S. Fla.’s real estate market looks hot again !!

S. Fla.’s real estate market looks hot again !!

MIAMI – May 24, 2012 – Bidding wars are erupting from Homestead to Weston, as home sales and prices take off, further reinforcing the end of a prolonged market slump.

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Ready to LIST or PURCHASE....Contact us for a Confidential Market Analysis,

espiefranky@gmail.com

 

-article from 2012 The Miami Herald.

Rents Accelerating & may reach 5 % on average...

Fannie and Freddie Mistakes Rentals .

Rents Accelerating
On April 24, 2012, in Did You Know, by Lawrence Yun, Chief Economist

By now most are aware of the rising rent phenomenon. Our Realtor® survey indicated only a sliver of the market will see falling rents, with a vast majority of areas experiencing positive though not higher than 5 percent rent growth. According to the ‘rent index’ in the... consumer price index as measured by government statisticians, rents are rising by 2.5 percent.

Rent growth will, more likely than not, accelerate higher. Demand for rentals has been much greater than the supply coming onto the market. It is just inevitable that rents will rise at a faster rate over the next 12 to 18 months, unless there is another economic recession or if there is sudden ramp-up housing permits for multifamily units. Multifamily housing starts are slowly coming around. But they are still well below normal and there is a lag time between starts and eventual completion. In addition, the number of single-family homes available for rent is no doubt shrinking because of the overall decline in inventory of homes for sale. Therefore, rent growth in 2013 may reach 5 percent on average.

Lawrence Yun, Chief Economist

Lawrence Yun is Chief Economist and Senior Vice President of Research at NAR. He directs research activity for the association and regularly provides commentary on real estate market trends for its 1 million REALTOR® members.

* info from  • REALTORS® web magazine *

Fla. Supreme Court hears foreclosure arguments

Fla. Supreme Court hears foreclosure arguments

TALLAHASSEE, Fla. – May 11, 2012 – Weighing in on a case with big implications for the state’s housing industry, the Florida Supreme Court on Thursday heard arguments over whether lenders caught forging documents can escape scrutiny by simply dismissing the foreclosure case and re-filing it with proper documents.

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Congratulations to the families and friends of our UM graduates

Congratulations to the families and friends of our UM graduates!

"Commencement is a special time for our graduates and guests.  All Commencement ceremonies are held in the BankUnited Center, 1245 Dauer Drive. School and College receptions are held at various locations throughout campus."

UNDERGRADUATE DEGREE CEREMONIES
Friday, May 11 at 8:30 a.m.
School of Business Administration and College of Engineering
Friday, May 11 at 12:30 pm
School of Architecture, School of Communication, School of Education and Human Development, Frost School of Music, School of Nursing and Health Studies
Friday, May 11 at 5 p.m.
College of Arts and Sciences, Rosenstiel School of Marine and Atmospheric Science (undergraduate degrees)
SCHOOL OF LAW CEREMONY
Saturday, May 12 at 10 a.m.
MILLER SCHOOL OF MEDICINE CEREMONY
Saturday, May 12 at 5 p.m

*University of Miami website

Miami home prices jump 11 percent....great time to SELL

Miami home prices jump 11 percent

May 08, 2012 09:45AM

Home prices in the Miami-Miami Beach-Kendall metropolitan area rose by 10.6 percent in March compared to the same period last year, according to a report from CoreLogic. Miami’s home price index, which includes distressed sales, also rose by 10.1 percent in February compared to February 2011. Nationally, the home price index fell by 0.6 percent last month. “While housing prices remain flat nationally, in many markets, tighter inventories are beginning to lift home prices,” said Anand Nallathambi, president and CEO of CoreLogic. Statewide, Florida had the fifth-highest appreciation in the country, with a 4.5 percent overall increase in prices. — Alexander Britell

from

1515 garciaavenue.com

You are invited to our Broker Open, Wednesday May 9, from 12n-2pm. Hope you can come, All the Best, Esperanza Franky “espie” l Realtor Member of The Institute For Luxury Home Marketing. Prudential Florida Realty Direct 305.283.5868 l espiefranky@gmail.com l Blog: www.rivieracoralgables.com Facebook: sellingmiamiestates l LinkedIn: EspieFranky l Twitter: sellingmiamiestates Confidentiality our Commitment....Real Estate our Passion !   1515 Garcia Avenue $549,000 1515 Garcia Avenue, Coral Gables, FL 33146 27 Photos 3 Bed, 2 Bath 2,174 SF Tour# 0277-4577 Open House: Sat May 12, 12:00p to 3:00p COZY 3 bed / 2 bath HOME IN QUIET CORAL GABLES STREET. HOME FEATURES WOOD FLOORS, WALK IN CLOSETS, FORMAL LIVING ROOM, FORMAL DINING ROOM, COMFORTABLE KITCHEN, COVERED TERRACE, ALSO INCLUDES SEPARATE DEN/OFFICE AND POSSIBLE IN-LAWS QUARTERS. THIS HOUSE SITS ON A 8,250 sq. ft. LOT BEAUTIFULLY LANDSCAPED, WITH ROOM FOR A POOL. ATTACHED TWO CAR GARAGE. Call Listing agent 24 hours in advance for viewing appointments. For more information, contact: Esperanza Franky Prudential Florida Realty 7865811453 3052835868 Cell

South Florida residential inventory

South Florida residential inventory

May 01, 2012 02:15PM

Compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. — Adam Fusfeld