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Real Estate Roundup: Smaller Home Inventories In South Florida Affecting Condo Sales

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At the start of the year, buying a luxury condo in the Miami or Fort Lauderdale area was heralded by real estate experts to be a sound decision. This was because the dollar was strong, and developers were offering good discounts of between 1o to 20 percent to absorb the oversupply. Image source: sflhomeinspections.com Approaching the middle of 2018, being ready to buy has become even more important as the inventories dwindle, especially among smaller homes. According to Florida Realtors, the March rebound in condo sales had dipped in the tri-country region just last month. Sales in Miami-Dade County, which had a then 15-month streak of decline broken, came back down anew. Single-family home sales declined by 0.2 percent from a year ago, while the median home price increased by 8.3 percent. The same lowered sales are true in Tampa and Orlando, but they did see an increase in the Jacksonville area. For condos and townhouses, the sales dropped by 6.8 percent. Expe...
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More real estate projects are pushing into South Florida

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Despite nearly five years of plateau in its office-space segment, the South Florida real estate market is now on the rise, evidenced by new office buildings all set to open within the year. This welcome development is fueled by a growing number of renters, mostly in the submarkets.  Image source: miamicentral.com While this does not yet signify an official boom, multiple projects are being planned in the area in a huge effort to meet increasing demand. Residential construction has dipped a little through the first eight months of 2017, but nonresidential construction, including various types of commercial real estate, has gone up by 36 percent to $3.8 billion.  The rationale is, there having been few constructions in South Florida for quite a while, the amount of vacant space has declined. The yearly net records of office spaces have been steady, yet higher rents in certain submarkets have made new developments attractive, paired with consistent growth of ...
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Can the Cleveland Cavaliers even get to the playoffs’ conference finals?

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Just a game into the 2018 NBA playoffs and the Cavaliers already look to be on shaky ground. The loss to the Pacers in the first of their seven-game series was the first in Lebron James’ playoffs career and had Cleveland surrendering homecourt advantage to Indiana.  Image source: sbnation.com A lot of people didn’t expect this turn of events, for sure; almost every NBA expert saw a sweep, especially given how the team had run roughshod over opponents in the previous year. But is it now evident that Indiana is no push-over. Victor Oladipo and Lance Stephenson led the Pacers to a dominant wire-to-wire win. The Cavs didn’t take the lead at any point in the game.  What’s troubling for the Cavs’ campaign is that the anemic performance is not an aspect of youth and fresh legs, but of playoffs inexperience. Lebron got his now-regular triple-double, and Kevin Love’s game was fine, but the rest of the Cleveland cast seemed lost on the court. More importantly, th...
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