South Region

Orlando housing market flexes muscles in July

Aug 26th, 2008 | By RT Staff | Category: South Region

Florida’s existing-home sales held steady last month for the first time in years, as lower prices appeared to help the statewide market stabilize.
Metro Orlando accounted for more than one of every 10 resales across the state in July, according to the Florida Association of Realtors, which reported 11,498 single-family home sales on Monday — just [...]



What Realtors In Miami Real Estate Can Do For Homebuyers

Aug 26th, 2008 | By RT Staff | Category: South Region

It is advisable that inexperienced homebuyers should look to realtors to help them search for a residential real estate property in Miami. These professionals can also lend you their expertise in the market to process all the necessary requirements that comes with acquisition, ensuring that you get the best property that fits with your requirements.
Realtors [...]



Executives comment on office market

Aug 22nd, 2008 | By RT Staff | Category: South Region

Worries about the national economy and slower job growth in Dallas-Fort Worth caused a drop in office leasing in the first half of 2008.
Net leasing was down about 50 percent from the same period last year.
But so far, nobody in the office building business is panicking.
“Surprisingly, the Dallas office market has continued to sustain itself [...]



Atlanta rental market takes a hit as more share spaces

Aug 18th, 2008 | By RT Staff | Category: South Region

Althea Morrow considered moving into an extended stay hotel when the home she was renting went into foreclosure.
Instead, she’ll be living with her 24-year-old daughter, who has a four-bedroom apartment.
“It’ll save a little money, and I can help my daughter financially with the rent,” said Morrow, whose two youngest children also will be bunking with [...]



Palm Beach real estate market sparks from commercial sales

Aug 18th, 2008 | By RT Staff | Category: South Region

Palm Beach County’s commercial real estate market has slowed since last year’s record-breaking run, but there are some signs of life.
For starters, TA Associates has paid J.P. Morgan Investment Management nearly $60 million for West Palm Beach properties in the past six weeks.
In July, Boston-based TA paid $18.25 million for the 95,935-square-foot building at 1400 [...]



Orlando is Florida’s Most Stable Real Estate Market

Aug 14th, 2008 | By RT Staff | Category: South Region

The overall real estate market in Florida has not fared well since the subprime mortgage crisis reared its ugly head. Miami topped the American Chronicle’s Worst 25 Housing Predictor Forecast in both 2007 and 2008, and was cited as possibly undergoing “the worst housing crash in national history.” But the market outlook in other parts [...]



Miami house market may take 2 years to recover

Aug 13th, 2008 | By RT Staff | Category: South Region

The housing market crisis in south Florida was a “perfect storm” of oversupply, fraud, speculation, and tight credit, and it could take a couple of years for the Miami condo market to work through its oversupply, Miami Mayor Manny Diaz said on Wednesday.
Many Miami real estate developers “clearly” built more housing units than they should [...]



Foreclosures in Prince William County, Virginia: Hardest Hit Communities

Aug 12th, 2008 | By RT Staff | Category: South Region

Keith M. Elliott Jr. a Realtor® with RE/MAX Olympic Realty in Haymarket, Virginia presents foreclosure statistics identifying the Top 10 hardest hit subdivisions in Prince William County. Mr. Elliott also discusses the impact future population trends have on the local housing economy and why buying properties now while values are low create a perfect storm to capitalize on future appreciation.



Greater Baltimore’s Housing Market Continues Summer Slump

Aug 11th, 2008 | By RT Staff | Category: South Region

Home prices in Greater Baltimore inched up modestly from June to July, though the median sale price for a home in Greater Baltimore is still off from last year and the volume of homes sold remains sluggish.
That’s according to a market data report released Monday by Rockville-based Metropolitan Regional Information Systems Inc.
The median price for [...]



In the Hunt in Floriada Market

Aug 11th, 2008 | By RT Staff | Category: South Region

The most noticeable thing in Charles F. Hunt’s office is what’s missing: No family pictures on the walls. No certificates of achievement. No action figures from a favorite childhood movie perched on the desk.
It is just gray walls and clear windows in Hunt’s Osprey Avenue abode, where his family set up Hunt Real Estate ERA [...]