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December 11, 2018

Florida Trend Real Estate

The rate of foreclosure starts has spiked around Florida

| 8/27/2018

The rate of foreclosure starts has spiked around Florida

Hurricanes have given Florida a break thus far this summer. But a stealthier kind of storm has already hit the state. A new study by Attom Data Solutions shows Florida had one of the highest rates of foreclosure starts in the U.S. in July, compared to the same period last year. Foreclosures in Florida as a whole were up 35 percent. Read the study here. Also see more at the Miami Herald, the Sarasota Herald-Tribune, and WFTX.

See also:
» Tampa Bay bucks trend toward increased foreclosure filings

Inside gubernatorial candidate Philip Levine’s real estate holdings

Florida gubernatorial candidate Philip Levine may be known best locally as the former mayor of Miami Beach, but he is also a developer with a sizable real estate portfolio of more than $79 million that stretches from Miami to New York City’s Park Avenue. [Source: The Real Deal]

Sales and prices up in Florida's housing market

Sales of single-family homes in Florida during July totaled 25,488, up 3.8 percent compared to July 2017, according to new data from Florida Realtors. Also on the rise was the statewide median sales price for single-family existing homes: $255,000, up 6.3 percent from the previous year. [Source: National Mortgage Professional]

Major commercial hub targeted for Deltona

On one of the most valuable pieces of real estate in Deltona, cows still leisurely graze on a lonely piece of pasture. But not for much longer. On parcels of land that now house a concrete plant, a RaceTrac gas station, and the 12-screen Epic Theatres mulitplex, a Jacksonville developer is poised to break ground this fall on the first phase of a long-planned project to create a commercial hub. [Source: Daytona Beach News-Journal]

Real estate history: 1880s Florida real estate marketing shenanigans

In the 1880’s, touting Florida to snow bound Yankees was a bonanza for Northern-based travel writers. Books, periodicals and newspaper articles waxed eloquently of the lush vegetation and chronicled the sophisticated hotel facilities, promising good health, wealth and fulfillment of any dream. But, there were some things they never mentioned. [Source: Clay Today]

STAT OF THE WEEK
$22 million to $35 million
Estimate value of 17 South Florida homes, condos and horse ranches targeted by federal prosecutors who have frozen millions in assets linked to stolen Venezuelan oil funds laundered in South Florida. [Source: Miami Herald]

ALSO TRENDING:

› If it’s a sellers’ market, why are so many Tampa Bay sellers cutting their prices?
Despite a shortage of available homes, many Tampa Bay sellers are getting a rude awakening when the sign goes up but no offers come in . More sellers are being forced to drop their prices as the reality hits that buyers don’t love that funky tile or purple accent wall.

› Boynton Beach, private partner prepare to build new city hall, hotel and apartments
The Town Square project is a public-private development by the city of Boynton Beach and Winter Park-based E2L Real Estate Solutions, the project’s recently appointed master developer. Construction is expected to conclude by 2021 at an estimated cost of $250 million.

› Can downtown Fort Myers really count on more condo towers?
For sale signs – and not construction cranes – dominate prime parcels near the Caloosahatchee shoreline. Still, developers say the next wave of downtown Fort Myers condominiums is closer than ever.

› Real estate challenges could be looming in Miami-Dade County
Last year rents dropped in Downtown Miami for the first time in years. Now the same thing may soon be happening, if not already, for home prices. One of the leading indicators of trouble is brewing is foreclosures.

Tags: Real Estate eNews

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