South Florida Leads Nation In Cash Home Sales
It's been said that 'cash is king' when making purchases and nowhere in the country is that more true than South Florida when it comes to buying a home.
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It's been said that 'cash is king' when making purchases and nowhere in the country is that more true than South Florida when it comes to buying a home.
Real estate website operator Zillow is buying rival Trulia in a $3.5 billion deal that would make the biggest player in the online real estate market.
A developer who "flipped" houses throughout Florida has been sentenced to 10 years in prison for what prosecutors say was a mortgage fraud scheme.
The latest residential data shows key indicators in housing are mixed. The market is said to be recovering, but not yet recovered.
Several Florida metro areas led the pack when it came to short sales of homes in April. Orlando, Lakeland, Tampa, and Palm Bay had the highest rates of short sales in the nation, according to the research firm RealtyTrac.
When it comes to buying a house or condo in Florida, cash is king. Almost two-thirds of Florida housing sales in the first quarter of this year were done in cash, according to the study by the research firm, RealtyTrac.
Spring 2014 housing indicators tell us that procrastination is not the way forward for buyers.
Nearly a third of all homeowners in Florida are seriously underwater. According to a new report released by RealtyTrac 31 percent of homes in Florida were underwater in the first quarter.
Donald Trump was on the hot seat in a Fort Lauderdale courtroom over his decision to pull his name from a condo project on Fort Lauderdale Beach.
Due to frigid conditions in much of the nation, February's real estate wrap-up required boots and a shovel, as well as deeper pockets.
If you want to buy property in the state of Florida, there's one thing that you need to get it done: cold, hard cash.
While South Florida has seen a boom in foreign investors helping to prop up the real estate market, the state of Florida still led the nation in foreclosures completed in August, according to CBS4 news partner the Miami Herald.
Singer Enrique Iglesias just sold his Miami home for $6.7 million dollars.
Brandt Elliot found his dream home the day it went on the market, and he knew he had to move fast.
Home prices continued to jump in value in May, according to the latest numbers from the Standard & Poor's/Case-Shiller Home Price Indices.
For anyone who has ever driven past their dream house and wondered if it would ever go on sale, wonder no longer.
On the same day news broke that Alex Rodriguez was selling his Miami Beach home, actor Christian Slater is making news by purchasing a multi-million dollar home in Coconut Grove.
He's not been on the baseball field this year, but New York Yankees slugger Alex Rodriguez is still pocketing plenty of cash. But it's not the Yankees giving A-Rod his latest payday, but rather a home buyer in South Florida.
Forbes Magazine has released its annual list of the nation's richest people and two South Florida sports owners made the top 100 Richest Americans.
The mansion where the Kardashian sisters filmed "Kourtney and Kim Take Miami" is on the market.
Florida's foreclosure crisis refuses to ease up, according to new data.
Planning to sell your home? You may want to wait until 2016 before listing it.
Downtown Miami is enjoying a renaissance of sorts in the real estate market as condo sales boom after completely crashing in 2009. Now, cash is required and getting your hands on a stylish condo is getting tougher.
The state will get an $8.6 million share of a national settlement with a loan processing company over improper mortgage foreclosure practices, included "robo-signing".
A 23-year-old man who recently moved into a $2.5 million mansion using an obscure real estate law is in good company: a $4.6 million oceanfront mansion is among other foreclosed properties to risk being taken over by squatters.
The Fall Equinox, the official start of astronomical fall, is on Tuesday. But it will still feel like summer in South Florida.
In the fourth quarter, the Hurricanes' defense had to take the lead.
Miami was eliminated from the postseason race.
A 45-year-old woman was also checked out at a hospital as part of an evaluation.
Heavy storms flooded streets across Broward County, stalling cars and leaving some pedestrians wading barefoot.
The Fall Equinox, the official start of astronomical fall, is on Tuesday. But it will still feel like summer in South Florida.
In the fourth quarter, the Hurricanes' defense had to take the lead.
Miami was eliminated from the postseason race.
A 45-year-old woman was also checked out at a hospital as part of an evaluation.
Heavy storms flooded streets across Broward County, stalling cars and leaving some pedestrians wading barefoot.
Former Cuban President Raúl Castro has reappeared in public at a military event celebrating an army branch's anniversary.
Diario Las Américas, a Miami-based Spanish-language newspaper, reported Tuesday that Castro is seriously ill, citing a confidential source in Cuba close to his inner circle.
A sign referencing Cuba was visible in surveillance footage of a gas pump fire at a Bird Road Chevron station.
Khalid Sheikh Mohammed is accused of developing and directing the plot to crash hijacked airliners into the World Trade Center and the Pentagon on Sept. 11, 2001.
Degnis Bofill, who won a 2022 Latin Grammy, is being held at the Krome Detention Center in Miami-Dade County while his asylum case is pending.
Many Venezuelan immigrants are shunning Florida and turning instead to communities in places like Utah.
Alex Saab, 54, was deported in May by Venezuela's acting President Delcy Rodriguez to the U.S.
Former Venezuelan President Nicolás Maduro and his wife asked a judge to toss their drug trafficking indictment on the grounds that they have immunity as the leader and first lady of a foreign country.
The deal involves developing 17 strategic oil fields in Venezuela, an undertaking that experts said could take years.
President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
A former Republican Congressman turned Democrat, Jolly is running as a moderate voice, arguing that it is time for change after decades of Republican rule in Tallahassee.
Scott Singer, the former mayor of Boca Raton, discusses winning his primary and what's next in the race.
Former prosecutors question why a grand jury found $10 million misappropriated but charged no one.
The report found taxpayer money was routed through nonprofits and into political accounts, while Attorney General James Uthmeier faces fresh criticism over his role in the transfer.
Moskowitz discusses primary win, Democratic divide.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
Employer health benefit costs are projected to see the steepest increase next year since 2003. That could mean higher deductions and out-of-pocket costs for workers.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Duncan Sheik died on Thursday night, his family said.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Stella Parton gives insight into her sister Dolly Parton's marriage, makeup habits and views on death in an exclusive CBS News interview.