South Florida home prices up in May, index shows

BY MONICA HATCHER

mhatcher@MiamiHerald.com

Patricia Delinois’ Black-Berry is buzzing again. After a long, dreary drought, her Sunday afternoons are filling up with open houses.Delinois, who handles very expensive real estate, says a flurry of new activity is providing hope that the luxury home market has a pulse again, after taking a beating in recent months — albeit with kid gloves. (more…)

By ADRIAN SAINZ, DAVID TWIDDY, DANIEL WAGNER, ALEX VEIGA

Associated Press Writers – Sat Aug 1, 10:39 am ET

It was — note the past tense — the worst housing recession anyone but survivors of the Great Depression can remember.
From the frenzied peak of the real estate boom in 2005-2006 to the recession’s trough earlier this year, home resales fell 38 percent and sales of new homes tumbled 76 percent. Construction of homes and apartments skidded 79 percent. And for the first time in more than four decades of record keeping, home prices posted consecutive annual declines. (more…)

By DAVID STREITFELD

Published: July 28, 2009 in the New York Times

After a plunge lasting three years, houses have finally become cheap enough to lure buyers. That, in turn, is stabilizing prices, generating hope that the real estate market is beginning to recover. (more…)

BY MONICA HATCHER

mhatcher@MiamiHerald.com

Is the South Florida housing market finally touching bottom? The answer, of course, can only be seen in the rearview mirror, but analysts agree that the most terrifying part of the downward slide is behind us.

New monthly figures from the Florida Association of Realtors show sales of existing homes and condos continued to post gains in May, (more…)

WASHINGTON (AP) — A real estate group says sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of any housing recovery are fragile at best. (more…)