West Palm Beach
Real Estate News

Hurricane Irma Property Damage, Loss Estimates as High as $65 Billion

Hurricane Irma Property Damage, Loss Estimates as High as $65 Billion

Preliminary property loss estimates in Florida from Hurricane Irma, total insured and uninsured loss for both residential and commercial properties, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion. Read More »


3.5 Million Florida Properties at Risk of Hurricane Irma Storm Surge Damage

3.5 Million Florida Properties at Risk of Hurricane Irma Storm Surge Damage

According to Irvine, Ca-based CoreLogic, an estimated 8,456,455 residential and commercial properties in Florida are at either "Extreme," "Very High" or "High" risk of wind damage from Hurricane Irma. Read More »

Miami Housing Market Enjoys Second-Best June in History

Miami Housing Market Enjoys Second-Best June in History

According to the Miami Association of Realtors, Miami's single-family home market continued its strong selling pace by registering its second-most June transactions in history, and the $1 million-plus luxury sales segment rose for both single-family homes and condominiums. Read More »

Orlando, Tampa Ranked Top Two Markets in U.S. for First-Time Homebuyers

Orlando, Tampa Ranked Top Two Markets in U.S. for First-Time Homebuyers

According to Zillow, first-time homebuyers in the U.S. will have better luck in the Southeast if they are looking for a more affordable home. Read More »


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Global Property Spotlight

Central Florida Executive Resort-Style Residence Available

Central Florida Executive Resort-Style Residence Available

Expertly designed from the inside-out with a brilliant use of space and attention to detail in that each room shares many common features. Read More »

Last Updated September 20, 2017 7:57 AM ET

West Palm Beach Property News

The potential exposure to residential property damage from hurricane-driven storm surge flooding is very significant as Hurricane Matthew makes its way toward the U.S. Atlantic Coast today.

Miami's trendy Wynwood neighborhood, which experienced a huge boom in property values over recent years, now faces a tremendous amount of fear and uncertainty as a result of the arrival of the mosquito-borne Zika virus.

268,000 U.S. homeowners regained positive equity in Q1 2016, bringing the total number of mortgaged residential properties with equity at the end of Q1 2016 to approximately 46.7 million.

An uptick in residential sales activity amidst meager supply levels upheld the trend of home price gains in an overwhelming majority of metro areas during the first quarter of the year.

According to Irvine, Ca-based RealtyTrac's First Quarter 2016 U.S. Foreclosure Market Report, foreclosure activity in the U.S. was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas (36 percent).

Cash sales accounted for 33.4 percent of total home sales in December 2015 and 33.9 percent of total home sales for the full year 2015

Foreign real estate buyers continue to strengthen the Miami and South Florida real estate market, accounting for 36 percent or $6.1 billion of total sales volume.

According to Irvine, Ca based CoreLogic, distressed sales, which include real estate-owned properties (REOs) and short sales, accounted for 9.7 percent of total home sales nationally in September 2015.

Technology firms and start-ups aren't just exploring new U.S. markets, and they're starting to plant roots.

Irvine, Ca based CoreLogic is reporting cash sales in the U.S. accounted for 31.7 percent of total home sales in August 2015, down from 34.9 percent in August 2014.

CoreLogic is reporting that cash sales in the U.S. made up 30.8 percent of total home sales in July 2015, down from 34.2 percent in July 2014.

According to RealtyTrac's Q3 2015 U.S. Home Equity & Underwater Report, as of the end of the third quarter there were 6,917,673 U.S. residential properties that were seriously underwater.

National real estate firm Redfin is reporting this week that the U.S. luxury home market, which they defines as the priciest 5 percent of properties, increased a mere 0.4 percent in the second quarter from a year earlier.

CoreLogic is reporting this week that cash sales made up 31.3 percent of total home sales in June 2015, down from 33.9 percent in June 2014.

U.S. foreclosure inventory declined by 27.9 percent and completed foreclosures declined by 24.4 percent since July 2014.

More than 6.6 million U.S. homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge inundation with a total reconstruction cost value of nearly $1.5 trillion.

According to a new report by Seattle-based Redfin, luxury home price growth in the U.S. slowed significantly in the fourth quarter of 2014. "Locals haven't been part of the party"

If you're a national retailer, manufacture or logistics warehouse landlord, things are getting dicey these days as the current slowdown.


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