WASHINGTON (AP) — A real estate group says sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of any housing recovery are fragile at best. The National Association of Realtors said Tuesday that home sales rose 2.4 percent to a seasonally adjusted annual rate of [...]
By Dawn Wotapka Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–South Florida’s bloated condominium supply is finally being whittled down, a positive sign for the region that saw one of the nation’s most spectacular booms and busts. But inventory under construction and, of course, foreclosures, could erase the recent baby steps toward recovery. Falling prices [...]
BY MONICA HATCHER – Miami Herald mhatcher@MiamiHerald.com With dark windows dulling Miami’s twinkling skyline, newly built condo towers may look ghostly. But that’s changing as the downtown area quickly fills up with flesh-and-blood residents.Although condo sales remain sluggish, renters are marching in to help lighten things up. Sales are picking up, too. An occupancy report [...]
By MARY BILLARD – New York Times IT was a sunny Monday afternoon, and the scene around the yellow-and-orange cabanas at La Piaggia Beach Club was laid-back and effortlessly chic. Waiters brought trays of chilled rosé, goose pâté and “les mini cheeseburgers.” Women, wearing cunning coverups that manage to cover up nothing, dipped their manicured [...]