Despite a nationwide drop in new housing starts last month, South Florida’s improving housing market has led to many new developments and increased alternatives for home buyers, the Sun Sentinel reported. Now that Floridians are finally feeling enough confidence in the housing market to buy, they are being faced with the hard choice of whether to purchase new or existing houses. Many are taking the leap and buying new. [...]
Miami’s housing market got another double-barreled dose of good news from the numbers crunchers Tuesday: Home prices in the greater Miami area are up from their bargain-basement lows, while the percentage of homes in the foreclosure process — though still at jawdropping levels — continues to shrink. Home prices in greater Miami rose 3.2 percent in April from a year earlier, according to S&P’s Case-Shiller Home Price Indices. For the [...]
The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing. Nearly seven years after the housing bubble burst, most indexes of house prices are bending up. “We finally saw some rising home prices,” S&P’s David Blitzer said a few weeks ago as he reported the first monthly increase in the slow-moving S&P/Case-Shiller house-price data after seven months of declines. Nearly 10% [...]
