South Fla. tenants spend billions as rents rise faster than income

South Florida tenants shelled out an eye-popping $10.5 billion in rent in 2014, a nearly 8 percent increase from the previous year as more people signed leases and landlords upped rates.

View Article Online >>

Experts see no real estate bubble. Despite hikes, South Florida home prices still below normal.

Harrowing home-price gains in Palm Beach County this year may seem reminiscent of the heady days before the real estate market crashed, but economists say the region is not veering toward another bubble. Shrinking supply, investor demand and low mortgage rates combined to shoot median sale prices up 22 percent between January and the year’s high so far of $265,000 in April, according to the Realtors Association of the Palm Beaches.

Download Article >>
View Article Online >>

Wall Street moves onto Main Street: Meet your new landlord

Palm Beach Post Staff Writer Palm Beach County real estate investor Chip Bryan added 35 homes to his expanding cache in the first 60 days of the year. Backed by a private equity fund, he’s in buy, hold and rent mode. And he’s in a hurry. Bryan’s competition is America’s financial masterminds, corporate behemoths who have set their sights on Florida as Wall Street buys up Main Street.

Download Article >>
View Article Online >>