More Bad Economic Signs for South Florida

August 12, 2010 Leave a comment

For signs that the local economy will remain stagnant.  Also, you may have seen reports that China has slowed its imports–this hurts Latin American, Miami and commodity prices, as well as the US exporters. Not good signs for Coral Gables and not a good time to raise property taxes.

…for the past 10 weeks, the number of homes for sale — crucial in the supply-demand seesaw that determines real estate prices — has been inching upward, sparking questions about the state of the housing recovery and the effect of foreclosures on the marketplace.

The 4.6 percent increase of homes for sale in South Florida since May 31 represents the first two-month rise since the housing bubble burst, recently released data…

via Housing supply on the rise in South Florida – Real Estate News – MiamiHerald.com.

Filed under Business and Commerce, Coral Gables, Economy, Property Values, Taxes and Fees

Coral Gables Parks

August 11, 2010 Leave a comment

Of possible interest.

Coral Gables Parks | Miami Real Estate Cafe.

Filed under Coral Gables

Double-Dip Risk

August 11, 2010 Leave a comment

A very respected economist calls for more stimulus.

There’s more than a 50% chance the economy is heading for a double-dip recession. And noted economist and author Robert Shiller tells MarketWatch News Break that the Federal Reserve may now lack the power to end the gloom and doom. Shiller now wants Washington to pass a new job-creating stimulus package.

via Shiller sees significant likelihood of double-dip MarketWatch News Break – MarketWatch.

Filed under Coral Gables, Economy

Home Prices Up, But Not For Long

August 11, 2010 Leave a comment

This is temporary due to the tax breaks.  Prices should head down again–including Coral Gables.

Home prices rose in nearly two-thirds of U.S. cities this spring as buyers took advantage of tax incentives that gave the struggling housing market a temporary jolt.

via Median home prices up in 2Q in most US cities – Business Breaking News – MiamiHerald.com.

Filed under Coral Gables

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