real estate

Miami Herald

On this Thursday, April 30, episode of Sundial:

Will Florida felons be able to vote in November? 

This week, a federal court started hearing arguments about Amendment 4, a bill that restores voting rights to most people with felony convictions after they complete "all terms of their sentence."

AP Photo/Brynn Anderson

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.

 

Marta Lavandier / AP Photo

Jay Foreman is no stranger to China and the global supply chain. He runs Basic Fun, based in Boca Raton. It imports toys like My Little Pony Classic and Pound Puppies from China. A dozen Basic Fun employees work in China and 65 work in Hong Kong.

Pedro Portal / Miami Herald

South Florida’s real estate industry earnings for those selling and leasing commercial and residential spaces shrank in recent years, according to a study by LeadMD.

But some local real estate pioneers say their experiences tell a different story.

Provided to WMFE by Jim Rinaman

A team of researchers led by the University of Central Florida has been awarded a $3.4 million grant to develop a program to help home-buyers evaluate potential property risks from natural disasters.

The research team will use the grant to gather data, analyze it, and create a “Hazard Score” for every community, county, and state in the gulf region.

The next phase of the project aims to make their findings more publicly accessible by offering it through an easy-to-use app and websites such as Zillow and Trulia.

Venezuela’s Business Elite Face Scrutiny In $1.2 Billion Money Laundering Case

Nov 4, 2019
PEDRO PORTAL / MIAMI HERALD

As Venezuela’s oil-based economy continues to crumble, a politically connected class of businessmen with financial ties to Miami has grown fabulously wealthy from energy deals with the socialist government. Among the Venezuelan upper crust who have made fortunes during the Bolivarian revolution: Alejandro Betancourt.

Nancy Klingener / WLRN

Online home renting sites like Airbnb have greatly expanded the vacation rental market — when travelers rent a home or apartment instead of a hotel room.

Two new studies illustrate the impact that's having on the Florida Keys.

Contributed by Carlos Mariaca

As the world's ninth largest economy begins to bounce back from two years of recession and slow recovery, Brazilian foreign investment in South Florida real estate is booming and the Miami Association of Realtors says Brazil was the top foreign country buying homes here in 2018. 

Screenshot / City of Miami

It is expensive to live in South Florida. People pay a lot for housing while wages are relatively low.

The latest research by the city of Miami and Miami Homes for All finds about 60 percent of renters are cost-burdened, which means they pay more than 30 percent of income for housing expenses.

Caitie Switalski / WLRN

A Senate Democrat this week filed a proposal that could refuel a debate about beach access in Florida. But Senate President Bill Galvano, R-Bradenton, indicated he does not want to revisit a controversial law that critics say can help private landowners prevent public access to some beach areas.

Since she was 12 years old, Sara Murawski has dreamed of buying a house. Specifically, a Craftsman home, with a big front porch.

But she graduated right before the Great Recession. When home values plummeted, she couldn't afford to take advantage of lower real estate prices. She was working in construction, with bachelor's degrees in housing studies and interior design.

"My wages weren't that great," she says. "I just felt really lucky to have a job."

Andrew Milne / courtesy of The Related Group

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.

Miami Herald

If you feel like you’re spending way too much of your paycheck on your monthly rent, you’re not wrong.

Palm Beach Post

While Gov. Rick Scott campaigns on the strength of Florida’s economy, there is no mention of a bleak milestone the state just reached — a record low homeownership rate.

From the soaring pre-recession days, when easy credit pushed housing numbers to new highs, the percentage of Florida households owning homes has now plunged to its worst level ever seen, with data going back more than three decades.

State economist Amy Baker delivered the news this month to the Legislative Budget Commission as part of the state’s three-year financial outlook.

Jungle Island / via Miami Herald

Politicians and property taxes weren’t the only questions on some ballots this primary season. Voters in the cities of Miami and South Miami approved opening the way for the redevelopment of two high-profile properties.

 

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