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Atlantic Crossing in Delray Beach to finally move forward

Friday Apr 14th, 2017

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The city of Delray Beach and the developer of the Atlantic Crossing project have settled a $40 million lawsuit, allowing it to finally move forward. The Delray Beach City Commission unanimously approved the settlement agreement on Tuesday, which includes plans to reduce traffic near the proposed complex, the Palm Beach Post reported. Ohio-based Edwards Cos. accused the city of intentionally stalling the mixed-use project, which would include 82 luxury condos, 261 apartments, 83,000... [read more]

Mortgage rates hit new low for 2017

Friday Apr 14th, 2017

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  Homebuyers sitting on the sidelines may want to think about getting in the game, with U.S. mortgage rates falling for the fourth week in a row and reaching a new low for the year. The benchmark 30-year rate dropped to 4.08 percent this week from 4.10 percent, according to mortgage buyer Freddie Mac. The rate is below the prior low of 4.09 percent during the week of January 19, the Associated Press reported. It’s still higher than last year, which averaged 3.65 percent,... [read more]

Underwater mortgages drop in South Florida

Thursday Mar 30th, 2017

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Thanks to steadily increasing home prices, fewer South Florida owners are weighed down by “underwater” mortgages, two recent reports show. At the end of last year, 30,442 Palm Beach County homeowners with a mortgage, or 10.6 percent, owed more than the property is worth, down from 41,046 people, or 14.2 percent in the same period of 2015, according to the CoreLogic research firm. In Broward County, 46,443 homeowners, or 12.6 percent, were under water, compared with 63,782,... [read more]

Do Florida taxpayers get a good ROI? New report ranks every state.

Wednesday Mar 29th, 2017

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  Source: WalletHub We all know that a good chunk of our income goes to Uncle Sam and the state, but how much return are we getting on our tax investment? That's the subject of a new WalletHub report, which breaks down the "Taxpayer ROI" for all 50 states and Washington, D.C. And for those of us living in Florida, the outlook on returns is pretty sunny. The state ranks close to the top of the list overall for taxpayer ROI. To compile the report, the Washington,... [read more]

SunTrust: South Florida businesses are confident about local economy and expect growth

Thursday Mar 23rd, 2017

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Nearly 90 percent of South Florida's small- to mid-sized business feel confident about the overall strength of their companies, according to SunTrust's annual Business Pulse Survey released this week. The survey, in which more than 500 small and mid-sized business participated, shows that South Florida's small businesses are overall bullish on growth and the local economy. The findings come as nationally nearly two-thirds of business leaders expect the global and U.S.... [read more]

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