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Miami-Dade Pending Home Sales Rise 29 Percent in February

Pending sales, which are an indication of future sales, continue to trend upwards in Miami and in South Florida. The Miami real estate market continues to outperform the nation, posting strong sales that are resulting in limited supply and significant price appreciation. Rising pending sales point to continued demand, as both domestic and foreign buyers buy up local properties.

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Miami Home Prices Post Strong Gains for Third Consecutive Month

For the third consecutive month, Miami home prices posted strong gains in February. The median sales price of condominiums in the Miami-Dade County surged 40.4 percent to $131,950 in February compared to a year earlier, according to the 26,000-member MIAMI Association of REALTORSA(R) and the local Multiple Listing Service (MLS) system. The median sales price of single-family homes rose 19 percent to $175,000.

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2008 Second-Home Sales Decline; More Buyers Pay Cash

From the National Association of Realtors

Washington, March 30, 2009

The combination of vacation- and investment-home sales slipped to 30 percent of all existing- and new-home transactions in 2008, according to the National Association of RealtorsA(R).

However, more than four out of 10 investment buyers and more than three in 10 vacation-home buyers paid cash for their properties, with large percentages indicating that portfolio diversification was a factor in their purchase decision.

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Miami Real Estate Sales Continue to Rise -- Sales increased 71 Percent in February 2009

Miami, FL a Miami sales of single-family homes rose 68 percent in February 2009 compared to February 2008.  The sales of condominiums increased by 71 percent compared to the same period last year.  The number of sales in Miami has increased significantly each of the last seven months, a trend that points to the recovery of the real estate market in South Florida.

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Who Is Buying Real Estate in South Florida?

To follow is one of 2009 RAMB Chairman Rick Burch's most recent columns featured in The Miami Herald's Real Estate Guide: 

Now that home sales are on the rise in South Florida, many potential buyers who have been sitting on the fence are beginning to explore options and opportunities.  And buying a home is one of the most important financial decisions most people will ever make.

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Know a "Good Neighbor"?

The National Association of RealtorsA(R) is now accepting applications for the 10th annual REALTORA(R) Magazine Good Neighbor Awards, which recognizes RealtorsA(R) for their exemplary volunteer service.

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RAMB International Opportunities - Spring 2009

To follow is RAMB's Spring 2009 International Schedule.  We have identified the best opportunites for RAMB members to target international real estate buyers and investors - including events in France, Spain, Russia, Latin America and Miami!  Schedule is subject to change.  *Limited exhibit space is available through RAMB at select events. 

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Reach 250,000+ International Buyers

Many South Florida Realtors are looking to target important international buyers but aren't sure of what tools and resources are most effective.  When it comes to international advertising, the Official Real Estate Guide:  South Florida & International is a  publication with proven success.  The deadline for the Spring 2009 edition is Wednesday, February 25.    Read about one RAMB member's success story.

Official Real Estate Guide Testimonial

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House Bill Aims to Stabilize Housing, Addresses Foreclosures and Stimulus

From the National Association of Realtors: 

A bill that embraces the need for righting the housing marketathe first big step toward economic recoveryawas introduced Friday in the U.S. House of Representatives.

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30 Under 30 - Jan. 12 Deadline

Each June, REALTORA(R) Magazine features 30 rising young stars in the real estate industry. Now's your chance to be considered for the 2009 class of "30 Under 30." On this page you will be able to access an application and find answers to your questions.

Who is eligible?

Any REALTORA(R) member of the NATIONAL ASSOCIATION OF REALTORSA(R) who is under age 30 as of May 31, 2009, and who has not been profiled in a previous a30 Under 30a feature is eligible for the 2009 feature.

How do I apply?