About a year ago, Fannie Mae implemented strict lending guidelines that effectively put the lights out on the Florida condo market. In particular, these stringent guidelines made it next to impossible for buyers to obtain financing in the vast majority of condo developments in South Florida.
Earlier this afternoon, Fannie Mae made the announcement that it [...]

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A few months ago, I referred to a secret project that I was working on that would crush my competition.  We’ve had a few delays, but after a little over 3 months of work we are now very close to completing it.  Today, I provide you a sneak peek of that project.  It’s an iPhone [...]

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I received a phone call 10 minutes ago from a friend to give me the news that it appears that Starwood Capital Group will acquire the remaining assets of Corus Bank.  Unfortunately, Reuters beat me to the punch and reported the story about an hour ago.  The rise and fall of Corus Bank has been [...]

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I learned late last week that Hyperion Onyx Partners, LLC, an affiliate of Hyperion Development Group purchased the note for Onyx on the Bay.  The note was held by the now defunct Corus Bank and was acquired just days before the Chicago-based bank was taken over by the FDIC.  Hyperion Development is the developer behind [...]

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I collected the following figures last Thursday night on July 23, 2009.  It has been about six months since I last published inventory numbers for condos in Miami-Dade County.  The last Miami & Miami Beach Condo Trends post was published on January 19, 2009.
As many of you read earlier today, the Case-Shiller price index rose [...]

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