It’s the most wonderful time of the year, when homeowners in Palm Beach start looking for snowbirds eager to drop serious cash for a winter vacation mansion. Dr. Oz, known for his lifestyle and health advice on the television series “The Dr. Oz Show,” is listing his oceanfront home for $95,000 a month – marking the one of the most expensive price tags in the tony town, according to the Palm Beach Daily News. That’s in addition to a $90,000 deposit. The... [read more]

Miami home prices rose 5 percent in June, year-over-year, marking the fifth lowest increase nationwide, according to the latest S&P CoreLogic Case-Shiller Index. The newly released report, which tracks 20 major metropolitan areas in the country, shows home prices in Miami increased by just 0.4 percent from May to June. From April to May, Miami home prices increased by 0.8 percent, ranking as the 13th highest increase among the top 20 cities. Nationwide, home prices rose 5.7... [read more]

More home development in Homestead is in the pipeline. An affiliate of Sunrise-based Centerline Capital Advisors, led by Craig Perry, just paid $21.3 million for an assemblage of lots for single-family homes in Homestead, property records show. Centerline also secured a $7 million loan from Weston-based Florida Community Bank and a nearly $4.4 million loan from NVR Inc., and arm of the Virginia-based homebuilder Ryan Homes. SW 112 Investments, led by Barry M. Brant, sold land on the... [read more]

Nearly 16,000 apartments are slated to come online in South Florida this year, but rents are still expected to keep rising, according to a new report. Apartment rents rose annually in Miami, Fort Lauderdale and West Palm Beach in June, according to Marcus & Millichap’s multifamily report. In Miami-Dade, rents were up 8.8 percent in the second quarter, year-over-year, to nearly $1,450 a month. In Palm Beach County, rents increased 3.5 percent to just over $1,500. And in... [read more]

As home prices continue rising in South Florida, so does the minimum salary needed to afford a house. In Miami, the income needed to buy a median-priced home rose to nearly $72,000, according to a report from HSH.com. July marked the 68th consecutive month that single-family home prices have risen in Miami-Dade. The median price of a single-family home in Miami-Dade rose 12 percent annually in July to $335,000, according to the Miami Association of Realtors. HSH, a mortgage and... [read more]