housing market

Jack McCabe is scared. 

McCabe was one of the earliest voices warning of the housing collapse 13 years ago. He runs a real estate economic consulting firm based in Deerfield Beach that bears his name. As early as 2005, McCabe was sounding alarms of a slowing housing market in South Florida. 

Of course, It didn’t just slow — it collapsed.

The number of people spending more money than they should on housing in Broward County, keeps going up. 

Jorge Pérez has built hundreds of condominiums in South Florida since the last housing market collapse. In fact, he has built thousands of condos in his career. They have fueled a multi-billion dollar fortune for him and reshaped the region’s skyline.

His company, The Related Group, is not putting shovels in the ground right now though. He thinks real estate in South Florida is coming in for a soft landing, but not because the American economy is softening.

  This week on The Florida Roundup...

We bring you the latest information on the developing weather in the Caribbean with Meteorologist Jeff Huffman.

Next, a week after Miami Beach is declared a Zika zone, the virus has infected local politics as new cases are found along the Gulf Coast of Florida. Who exactly is in-charge of getting timely information out to the public? Is it the Governor? Is it the Department of Health? WLRN's Sammy Mack and Jenny Staletovich with the Miami Herald join for this segment. 

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Condominium and luxury real estate sales may slow down in Miami  this year. That's due in large part to the fact that economies in Brazil, Argentina and Venezuela are collapsing. And billions in real estate purchases in Miami comes from South America. But not all real estate will be in bad shape in the coming year. Nick Nehamas of the Miami Herald wrote about real estate and other economic predictions for 2016.  This is actually looking pretty bad for Latin America.

  The South Florida housing market is on the mend, according to the latest foreclosure numbers from RealtyTrac. The numbers paint a bright road for future homeowners, but don't mean much for those under foreclosure now.

Miami saw the second highest foreclosure rate among the 20 largest metro areas in August, averaging one foreclosure filing for every 568 housing units.

A new map created by the the University of Miami's Office of Civic and Community Engagement hopes not only to show where affordable housing is located but also some of the different demographic information that may be driving its placement.

A South Florida watchdog group is filing a complaint against the federal housing agency known as Fannie Mae. HOPE Inc. says Fannie Mae neglected foreclosed properties in predominantly black and Hispanic communities but kept up homes in white neighborhoods.

Wednesday, HOPE  and 18 other fair housing groups from across the country held a national press conference to call attention to Fannie Mae’s alleged racial discrimination in how it maintained foreclosed properties nationwide. Fannie Mae has denied the accusation.

The Home Affordable Refinance Program, HARP, is rolling into its last year.

The program run by the Federal Housing Finance Agency is a critical help for some South Florida homeowners.