AP - Max Rameau delivers his sales pitch like a pro. “All tile floor!” he says during a recent showing. “And the living room, wow! It has great blinds.”

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AP - Existing home sales in Southern states fell more than 10 percent in October compared to the same month a year ago, while the median sales price dropped nearly 6 percent to $161,000, the National Association of Realtors reported Monday.
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MIAMI (Reuters) - The surprisingly healthy market for oceanfront mansions and palatial condos in Florida, one of the most toxic states in America’s housing meltdown, may finally be showing some cracks.
While many luxury properties are selling briskly thanks to Europeans and Canadians pouring their strong currencies into Florida, billionaire Donald Trump recently dropped the price […]

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A new report says the housing market in South Florida is among the worst in the nation.
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South Florida’s housing market looks worse now than it did at the end of a brutal 2007.
With the slump staggering into a third year, buyers are having trouble getting home loans because lenders are tightening credit standards, and the surge of mortgage defaults and Foreclosures is adding to the glut of properties already for […]

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Dear Mr. Berko: I just had my 70th birthday and the housing market is crashing and I can’t sell my house. Can you tell me how much longer this crash will last or when it will stop? I wanted to sell my home last year because I need $475 more in monthly income to live […]

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Florida’s economy worsened in January when 7,300 workers lost their jobs, resulting mostly from a construction industry bogged down as a result of a plunging housing market.
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The News Press reports from Florida. “A year ago, at $89,000 it was the cheapest house listed for sale in Lee County. Now, three real estate agents and several price cuts later, the 578-square-foot cottage in Fort Myers is for sale at $29,900” reduced again Friday from $38,900 and still among the least expensive. But […]

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