An article in today’s Miami Herald suggests that the housing market has made a very small improvement in comparison to previous months. The home-price index for South Florida fell 28.2 percent from 2007, which is better than June’s 30.5 percent drop. This index includes Broward, Miami-Dade and Palm Beach counties. Standard & Poors, the company that compiles [...]
Continue reading...Tuesday, September 9, 2008
According to a recent article in the Sun-Sentinel, Coconut Creek and Sunrise condominiums have drastically decreased in value. Since the onslaught of Hurricane Wilma, most of the retirement communities that exist in those areas were deemed uninhabitable and owners sold out these residences at rates way below their value. As a result, “about half of [...]
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Tuesday, September 30, 2008
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