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The whole world has its eyes on real estate since it is evidently an essential element in economic troubles, bank and mortgage crisis. In South Florida, in the main areas I cover, I was curious to do some comparisons and research. I came out with interesting figures. This analysis is based on the MLS (Multi-Listing-System) and might not include some sales effected directly by owners, or condos delivered by the developers which relate to sales effected 2 or more years ago. It is basically an analysis of the resale market. But I am comparing oranges to oranges and the data gave me some insight on how the market is behaving. I compared both periods of Jan. 1st to Aug. 24th during 2008 and 2007.
Comparison between homes and condos sold during the same periods in 2007 and 2008. Period of January 1st to August 24, 2007 and 2008.

Aventura Homes: 2008: 21 2007: 7
Aventura Condos: 2008: 489 2007:508
Bal Harbour Homes: 2008: 3 2007: 5
Bal Harbour Condos: 2008:79 2007: 37
Brickell Homes: 2008: 3 2007: 0
Brickell Condos: 2008: 186 2008: 229
Ft. Lauderdale Homes: 2008: 582 2007: 659
Ft. Lauderdale Condos: 2008: 807 2007: 847
Hallandale Beach Homes: 2008: 27 2007: 32
Hallandale Beach Condos: 2008 375 2007: 380
Hollywood Homes: 2008: 428 2007: 506
Hollywood Condos: 2008: 405 2008: 487
Miami Beach Homes: 2008: 88 2008: 116
Miami Beach Condos: 2008:861 2007: 1045
North Bay Village Homes: 2008: 4 2007: 2
North Bay Village Condos: 2008: 35 2007: 37
Sunny Isles Homes: 2008: 6 2007: 11
Sunny Isles Condos: 2008: 338 2007: 269
Surfside Homes: 2008: 18 2007: 23
Surfside Condos: 2008: 23 2007: 29

Good News! New Housing Law just signed
$7,500 tax credit for first-time homebuyers.
Only valid till June 30, 2009
The tax credit is available for first-time home buyers only.
The maximum credit amount is $7,500 and is available for homes purchased on or after April 9, 2008 and before July 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
This tax credit must be repaid. Home buyers will be required to repay the credit to the government, without interest, over 15 years or when they sell the house, if there is sufficient capital gain from the sale.

Click here to read the full information //
Why use our services when dealing with developers and builders? Beware, these transactions are different from buying a home from a private owner. You definitely need a professional on your side to be as protected and informed as possible, when dealing with their sales offices. A preconstruction purchase can have many pitfalls and if you choose our services as your buyer's agent, we will have your interests in mind. Our services are free for you. You can use them or you can go it alone, but believe me: you won't get a better deal. In fact, I can make you aware of many bargaining chips you possibly ignore. Why forfeit all this when negotiating? My experience with developers is at your disposal and it is free!
Tired of trying to sell your Florida home or investment property? In a tough market, you need to get an outstanding exposure. Why not try the best? It won't cost you any more. As you have arrived to our website, thousands of daily visitors to our website will find your South Florida Condo, your Miami Beach Condo, your Aventura Condo, as they browse the Internet. We know how to use advanced technology to put your property in the spotlight. Get our professional expertise in determining an optimum but realistic sales value. In today's market, only the most experienced realtors can get results. Add my warm and diligent attention to both buyers and sellers, and you get the best combination.
Hollywood Beach has always been a favorite venue of Florida tourism. Canadians, European love the relaxed atmosphere on the broadwalk, with its informal restaurants, bars, pizzerias, right across from the water. Downtown Hollywood has a vibrant night atmosphere with stores, cafes, restaurants, bars, outdoor music. Among Hollywood luxury homes, Hollywood Downtown condos, Hollywood Beach Condos, did you visit the Radius, the Hollywood Station? On the beach, you should check the Diplomat Residences, the Ocean Palms Condos, Aquarius, Quadomain, and so many other Hollywood Beach condos. If you really like the sand, walk by the Baker Towers, or La Playa Condos, right at the Broadwalk.
On January 29, 2008, a constitutional amendment was approved by Florida voters. It changed substantially the structure of the homestead and 'save-our-homes' exemptions. Here is where we stand now: Homestead exemption. For Florida residents who have filed for this exemption. - $ 25,000 basic exemption . - Additional $ 25,000 for all homes assessed at $ 75,000 or more. This additional exemption does not apply on the school portion of the tax bill. (about 36%) . - Additional $ 25,000 Senior Citizen exemption. Must be at least 65 years old, and their total household income not exceed $ 24,214 (amount yearly adjusted for inflation). This exemption must be renewed annually, including IRS tax return or proof of non-filing.

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Just for reference: some of our favorite Condo buildings in Aventura : At the higher end, we would place the condos at Peninsula I and Peninsula II, the Portovita Condos, The Bella Mare Condos and the Residence du Cap (2600) in Williams Island. We would mention as high luxury Aventura Condo buildings at a bit more affordable level: the Atlantic at the Point Condos, Hidden Bay Condos, the One Island Place, the Hampton South. As a good value, we will mention Terraces at Turnberry Condos, 3030 Aventura Condos, Aventura Marina, The Parc, The Venture Condos, the Alaqua Condos, the Atrium, the Aventi Condos, the Landmark Condos. Good options can also be found at the Mystic Point Condos, Del Vista Condos, Del Prado Condos, Flamenco I and Flamenco II.
Sunny Isles has seen drastic changes in less than a decade. Once a long strip of motels, built in the 50's, it is now home to magnificent high rise Sunny Isles Beach condos. Almost overnight, shops, cafes, restaurants, have made Sunny Isles a fashionable and coveted location. Large condominiums, built in the 70's, such as Winston Towers, Plaza Americas, coexist with the new giant structures: Ocean 1, Ocean 2, Ocean 3, Ocean 4, the Pinnacle, Turnberry Ocean Colony, Acqualina, Jade Ocean, The Meridien, Millenium Condos, Trump Palace, Trump Towers, Sands Point, Sayan, are just a few in the growing Sunny Isles Condos' skyline. More affordable but still very good options are La Perla, King David, Porto Bellagio; across from the beach, the Coastal Towers, Arlen House.
At the Southern end of Miami Beach, a section 25 blocks long, stretches alongside the ocean. In less than 20 years from a long row of run-down hotels, mostly occupied by retirees, it became a prime world tourist destination. Hundreds of nightclubs, restaurants, hotels, luxurious residences are the playground of top jet-set, sports, fashion, and arts personalities. High end South Beach Condos such as The Icon, the Bentley Bay, the Continuum and Continum II, Ocean Five, The Portofino Towers, Apogee, the South of Five, the Murano, the Setai, alternate with more affordable options such as 1500 Ocean Drive, Absolute Lofts, Industry Lofts, the Flamingo Condos and rentals. Decoplage, the Waverly and many more remodeled and updated buildings, offer a wide selection.
BEACH CLUB is the newest development on Hallandale Beach. A large complex with 3 buildings, on nine acres and 800 feet of ocean frontage, with all the modern amenities and luxury features that you could imagine for a Florida vacation: seven pools, a wonderful deck area, a huge modern spa and gym, large social areas, and an atmosphere of fun and refined luxury. Beach Club One and Beach Club Three are twin structures with 44 floors and an average of 10 apartments per floor. Beach Club Two, consists of 51 floors and 12 units per floor. 1, 2, 3 bedrooms are available in several models. Many of the units have either ocean, city or Intracoastal views. Inside the condos, top of the line appliances, European style kitchens, granite counter tops, marble flooring in wet areas, hurricane proof windows, beautiful bathrooms, add to the value of their value. Just for fun, you should pay a visit to the main spa, located in Beach Club II; frankly one of the best in South Florida.
In Hallandale, the three La Mer Condo buildings and the Parker Plaza , right on the beach, have been superbly remodeled. The four Hemispheres buildings on both sides of Ocean Drive are known for a busy social life at the pool deck. Malaga Towers Condos are a well kept luxury complex on Hallandale Beach. 2080 Condos on the beach attract many foreign buyers. Speaking new construction, the BEACH CLUB is the outstanding value: At the Beach Club you will find great amenities, and beautiful oceanfront pool decks. Their main spa (they have three) is stunning. A few blocks away from the Beach, at the Diplomat Shopping Center, the new DUO twin towers are a great addition to Hallandale Condo market. On the Intracoastal canals, at Three Islands and Golden Isles Drive, consider older but affordable and well maintained buildings such as Ocean View Tower Condo. Golden Isles is a waterfront community of luxury million-dollar homes, most of them with a dock and ocean access.
Aug. 15, 2008
Judge John Cooper stroke Amendment 5 from Nov. 2008 ballot. The proposal to cut property taxes by about 25%, while raising sales taxes by 1%, and limit to 5% yearly increases in properties assessments, was ruled misleading since it didn’t give voters enough information about its potential threats to school funding.
The Legislature is required to compensate Florida Schools, only during the first year, actually 2010. The attorney for the Taxation & Budget Reform, indicated an almost sure appeal to Florida Supreme Court. Opponents of the plan include the AARP, the Teachers’ Union, many business groups, and other organizations.
Florida Assoc. of Realtors’ president expressed disappointment since Amendment 5 would have substantially helped the struggling Florida Real Estate industry by lowering property taxes for residents, businesses and non-residents real estate owners.
Conveniently located in Hallandale, Golden Isles is a gated community of 304 single family homes. Most are waterfront lots with deep water docks, on wide canals, and easy access to the Ocean. Amenities in Golden Isles include a park, tennis center, playground. For boaters, Golden Isles waterfront homes are some the best choices in Florida. Golden Isles offers a family neighborhood with superbly landscaped homes, many with beautiful architectural designs. Golden Isles is a short distance from Haulover Cut, and easy access to both Ft. Lauderdale and Miami airports. Aventura Mall is a 5 minutes drive, Hollywood Circle with its dining and entertainment venues, Gulf- stream Racetrack & Casino, Mardi Gras Dog Track/Casino, the shops at Diplomat Mall, are exciting options. And of course: Hollywood Beach boardwalk and the cafes and bars on the intracoastal you can reach by car or with your boat and sip a drink while watching a magnificent South Florida sunset.
Condo-Southflorida.com vous offre un service 'cles-en-main' dans le cadre de votre investissement:immobilier en Floride
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Notre assistance pour l'obtention de conditions de financement tres competitives.
Pour les proprietes d'investissement, mise en place du locataire et gestion locative, vous permettant de rentabiliser votre investissement.
Pourquoi investir en Floride?
a) Une diversification de patrimoine.
b) Les Etats-Unis, sont un symbole de stabilite economique et financiere.
c) La Floride est un etat d'un grand dynamisme economique.
d) La forte reevaluation de l'euro, et du dollar canadien par rapport au dollar americain.
e) La pression fiscale en Floride, est relativement faible.
f) Les biens immobiliers en Floride, apres les recents ajustements de prix ont maintenant un excellent rapport qualite/prix.
g) La Floride est toujours une destination unique de vacances.
h) Les 'baby-boomers' du Nord des Etats-Unis, a l'age de la retraite, et les Canadiens Francais, font toujours de la Floride une destination preferentielle, et cela garantit une reevaluation constante de la propriete immobiliere.
Vous faut-il des raisons plus actuelles pour acheter un condo a South Beach, un apartement a Miami, un condo a Hollywood ou un condo a Hallandale?
Tax Cut Amendment Challenged:
August 14, 2008:
John Cooper, Leon County Circuit Judge will issue a ruling today and it might strike the proposed Amendment 5 to Florida Constitution, from the November ballot.
The main complaint raised by several business groups is that the amendment’s title and summary on the ballot will be highly misleading.
The contentious tax plan which would eliminate the school part of Florida property taxes went to the courtroom yesterday. No matter what Judge Cooper will decide, everybody is sure that there will be an appeal.
The $ 8 billion cut would reduce property taxes in about 25 percent, including non-residents and investor owners. To compensate the public school financing, Florida legislators should increase by 1 percent the state’s Sales Tax. But that could only partially cover the gap and other creative new tax sources would have to be implemented.
Judge Cooper openly objected on the ballot summary which states that the school system would be "guaranteed an equivalent hold harmless amount" of state funding to compensate for the loss of property taxes. The proposed amendment specifically requires the Legislature to exactly replace the lost revenue during 2010, without mentioning any time thereafter. Cooper qualified this as a "misrepresentation through omission".
The Taxation and Budget Reform Commission, responsible for the proposal, argued through their attorney Mark Herron, that the amendment summary never claims that the replacement funding is permanent, and that the funding after 2010 will be up to the "political will of the Legislature".
Judge Cooper basically objected to the confusion thrown upon voters by a ballot that seems to resolve the matter, but actually does it for only one year. The summary fails to provide voters with accurate information to make an intelligent decision. Strangely enough the person who designed the tax plan, Mr. John McKay, once a Florida Senate president, contended that voters are "pretty darn intelligent”"and that all complementary information would be learned during the campaign's debates. In all cases, he claimed that a ballot summary doesn't necessarily have to include the implication of an amendment. :
However, Judge Cooper dissented: I don't know if I'm the average voter, but it took me three hours to understand it. He argued that voters could be baffled after reading the summary.
The opponents of the Tax Reform proposal include business groups concerned about the extension of sales taxes to many services, retailers, school teachers, school drivers, and a variety of professional, non-profit and educational associations.
In favor of the proposal is Governor Charlie Crist, the National Association of Realtors who believe that the property tax reduction is the shot-in-the-arm needed for a rebound of Florida real estate market.
US housing starts slow in July
Construction of new homes was down to its lowest level in more since 1991 was reported yesterday by the Commerce Department. 965,000 units were started in July, compared to 1,080,000 in June.
The drop was smaller than what Wall Street was expecting, Analysts had forecast 950,000. The bad news continue to pound the already hurting housing market, and reflects on the overall economy and employment.
Single family homes starts fell to 641,000 in July, a 2.9% drop from June. Compared to July 2007, new construction fell a 39.2%.
Apartments and multifamily construction plummeted in the same period. The exceptional June 2008 increase was due to a change in New York city building codes.
Forecasts for housing permits in July had it at about 925,000. They only fell to 937,000, a better than expected figure, but still 17.7% less than June 2008. Permits are an indicator of future construction starts.
No sign of improvement yet from the housing rescue package passed by Congress in July. However builders have high hopes on the new law that grants a $7,500 tax credit for first time homebuyers.
The National Association of Homebuilders’ index is at a low of 16 in August, no change from July. A positive sentiment should start when reading are above 50.
Builders keep some optimism. The measure of their sales expectations for the next six months rose from 23 to 25.
Gloomy Toll Brothers’quarterly results were announced last week, with a 34% drop in revenue and building backlog down 52%. D. R. Horton, Pulte didn’t fare any better in Wall Street with sensible drops in shares values.
House approves bill that aims to help strapped homeowners facing foreclosure
The Associated Press
July 23, 2008
By: Julie Hirschfeld Davis
Rescue legislation sailed through the House Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and to prevent troubled mortgage giants Fannie Mae and Freddie Mac from collapsing.
The 272-152 vote reflected a congressional push to send election-year help to struggling borrowers and to reassure jittery financial markets about the health of two pillars of the mortgage market.
Hours before the vote, President Bush dropped his opposition to the measure, which is now on track to pass the Senate and become law within days.
The White House swallowed its distaste for $3.9 billion in grants the bill would provide for devastated neighborhoods. The Bush administration gains the power to throw a lifeline to Fannie Mae and Freddie Mac as part of the measure that also is designed to rein in the government-sponsored mortgage firms.
The administration and lawmakers in both parties teamed to negotiate the measure, which accomplishes several Democratic priorities, including federal help for homeowners, a new permanent affordable housing fund financed by Fannie and Freddie and the $3.9 billion for hard-hit neighborhoods. The grants are for buying and fixing up foreclosed properties.

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