In March, the average sales price for single family homes in Miami-Dade County increased 21.8%

Prices Surge for Miami Homes, Condos 

The Miami Association of Realtors is recording a record number of home sales, thanks in large part to increasing interest from foreign investors, cash buyers of distressed properties and vacation-home seekers. The average sales price for single-family homes in the Miami-Dade County area increased 21.8% while average condo prices rose 23% for the year ending in March, according to Florida Realtors Industry Data. That’s a significant jump, particularly when compared to statewide price averages in both categories. Sales dropped all across the state, however, despite better price performance and a continuing demand for the purchase of distressed...   read more

• 
  ‘Hard-Money’ Lending Law Misses Target
  The Senate Committee on Business Professions and Economic Development and the Senate Committee on Banking & Financial Institutions have coauthored a bill that was initially designed... read more
• 
  Survey Finds Nationwide Housing Discrimination
  Non-profit group Consumer Action conducted a nationwide survey spanning 5,000 community-based organizations (CBOs) and discovered that seven out of 10 CBOs reported “serious&rdquo... read more
• 
  Women-Owned Businesses Suffer Stunted Growth
  Statistics show that women-owned businesses rarely grow past the point of $50,000 in gross annual income and a new non-profit called Count Me In for Women’s Economic Independence... read more
• 
  Prices for Best Properties in Key Cities Stumbles
  The global prime property market started 2012 stumbling out of the gate, say experts at Knight Frank. The most recent index measuring the values of the most sought-after properties... read more
• 
  In Swelling Financial Storm, Safe Haven in UK Property
  Colliers International reports that international investors still consider the United Kingdom (UK) a good bet for property buys despite a slip in GDP and wider financial turmoil in... read more
• 
  Gas Station Franchisees Feeling Squeeze
  Petroleum franchisors are shifting strategies in how they distribute gas and the new plan is likely to hurt franchisees. Franchisors like BP are beginning to sell gas stations with... read more