RESIDENTIAL REAL ESTATE

South Florida still under a cloud of foreclosures and negative equity

While South Florida’s housing market has been bouncing back, the region still faces high levels of foreclosures and underwater mortgages.

Miami Beach

Raw sewage leaks on Meridian Avenue in Miami Beach

Residents say raw sewage has been spilling onto sidewalks intermittently during the past year.

North Dade zoning board postpones action on new church

Some neighbors oppose a new church on Memorial Highway in unincorporated Northeast Miami-Dade County.

Black in Time

Rehabilitated apartment buildings are a great fit for historic Overtown

The celebration of St. John Community Development Corporation’s opening of two newly rehabilitated, affordable, multi-family apartment buildings combine old and new designs contributing to Overtown’s eclectic architectural heritage. St. John Village, 1410 NW First Place and 1731-41 NW First Court, are affordable rental units.

Real estate

Good news for Miami-Dade: Property values are increasing

The forces driving the increase in property values may be from corporations buying homes to rent out, not from individuals purchasing homes to own, some say.

LUXURY REAL ESTATE

Grove at Grand Bay condo to break ground

Terra Group expects to break ground on the Grove at Grand Bay, its ultra-luxury condominium in Coconut Grove, June 5. Two glass and steel towers are designed to twist as the floors rise.

MIAMI-DADE

Miami-Dade public records go mobile

Miami-Dade Clerk of Courts Harvey Ruvin is launching mobile access to a host of court records in a bid to ease access and cut costs.

SOUTH FLORIDA REAL ESTATE

South Florida’s luxury home market sizzles

As South Florida’s housing market recovers, the luxury end is rock and rolling, as demonstrated by the $30 million sale of Yankee slugger Alex Rodriguez’s home.

North Miami-Dade

North Dade zoning board to consider proposal for new church

County staff recommends that the board approve the church but reject a request to allow three apartments for church personnel.

Miami Beach

Miami Beach developer, neighbors settle dispute

A settlement agreement has been reached between the homeowners of Sunset Islands 3 and 4, and the developers of the nearby Palau at Sunset Harbour project.

HOUSING

South Florida’s existing home prices jump by double digits from year ago

Existing home prices in Miami-Dade and Broward counties rose sharply and sales volume increased in April amid tight inventory of homes and condos on the market.

HOUSE HUNTING

Distressed homes lure cash investors

Cash-wielding investors are dominating the market for distressed homes and condominiums.

HOUSE HUNTING

Buyers shoot first, ask questions later

Even with good credit, a solid down payment and an easy-to-please attitude, a young couple finds home buying a test of endurance.

Florida City

Florida City sells lots for redevelopment in ‘Snakepit’ neighborhood

The city will sell about two dozen lots for $1.5 million for redevelopment.

Real estate

A real estate explosion in Edgewater, Miami’s next trendy district

Property values are exploding and skyscrapers are rising in Edgewater, located at the intersection of funky and trendy. It’s the latest sign of a recharged real estate market.

Real Estate

Ojeda launches luxury Brickell condominium

Amid a flurry of nearby development, Miami developer Alan Ojeda launched sales for a luxury condo tower on a Brickell Avenue site long planned for development.

Federal Courts

Feds investigate acclaimed Miami housing firm

Miami’s Carlisle Group is suspected of padding construction costs to generate higher tax subsidies for its multimillion-dollar developments.

REAL ESTATE

Miami real estate popular online

Miami ranked second only to Los Angeles in March among foreigners searching online for U.S. real estate on Realtor.com.

Peter Zalewski: Luxury residential market’s inventory grows

South Florida now has about 20 months of high-end inventory available on the market.