Housing Prices, Miami Beach Real Estate

Housing Prices May be Stabilizing

A monthly study that tracks asking prices of homes in major markets nationwide is showing some "fragile signs" of stability.

Prices of properties listed for sale were higher in 18 of the 26 markets surveyed by Altos Research and Real IQ.

"It's important to note that it's far too early to call this any kind of recovery in the housing market," Michael Simonsen, Altos' chief executive, said in a release. "These are the first inklings that low interest rates and desperate sellers have coincided to create a kind of floor where well-financed buyers are picking up bargains."

Prices rose the fastest in San Francisco (3.8%) and fell the fastest in Las Vegas (4%) and Salt Lake City (3.9%) last month.

Miami Condos, Miami Beach Real Estate

Miami Condos; Will They Get Their Own Police Force?

Soon Florida could have condominium cops who would bust those who defraud community associations.

The state officers would have the authority to inspect the records and premises of any state regulated community: Miami condos, homeowners, cooperatives, mobile home parks and timeshares. Any cases they uncover would be handed over to a state attorney's office.

"We are getting so many cases of potential fraud that most local police departments are too overwhelmed to deal with them," said Rep. Julio Robaina, who filed House Bill 1397, proposing the new police force. "And most often they are low priorities for police who must worry about robberies and murders. So, nothing happens. But all this police force will do is condo fraud cases."

Miami Condos, Police Force....full article