Miami news, Miami local news

The number of Miami homes in November, in some stage of the foreclosure process, dropped by 5.62% in Miami-Dade County compared to October. However, according to figures released Thursday by foreclosure data firm RealtyTrac, Miami foreclosures were still up by double-digit percentages versus the same month last year.
In November, 7,306 Miami homes had either received a foreclosure notice, were scheduled for auction or taken back by a bank in an auction sale. This was an increase of almost 13% from year ago.
The number of new Miami foreclosures filings was up from last year by a large 30% predicting a bigger lump of Miami homes that are likely to enter the market later on.
Miami-Dade ranked seventh in the state for foreclosures, with one of every 133 Miami homes in some stage of the process. By comparison, one home in every 417 was caught up in foreclosure nationally.
In November, the foreclosure rate in Broward fared slightly worse compared to October, rising 4.44%, with one of every 113 homes in the pipeline.
The rate was up 4.38% from a year ago and new foreclosure filings were up 27% from last year.
Following Nevada, Florida (with one home per 165 in foreclosure) displaced California for the state with the second-highest percentage of Miami homes in foreclosure. In Nevada, there was one home in foreclosure for every 119 that were not.

Winter looks better for tourism this year.
As Art Basel Miami Beach heralds the unofficial launch of the “high” tourism season this week, demand has finally begun to rise for South Beach hotels and Miami Beach vacation properties. That could signal a turning point for a hotel market besieged by discounted rates and weak demand, trends that have pushed some of the region’s flashiest hotels to the brink of foreclosure.
Severe cutbacks in travel spending haven’t stopped art buyers from driving up hotel rates in Miami Beach this week. The cheapest rooms at the Delano are $825 a night this weekend and $345 next weekend.
After the country’s largest contemporary art show turns off the lights at the Miami Beach Convention Center on Sunday the real test begins.
Peter Sahora, general manager of the Z Ocean Hotel in South Beach says, “It looks like the slide is either slowing down or reversing. We’ll see what happens in January and February.”

Lincoln Road’s new Art Photo Expo art gallery in Miami opened at 910 Lincoln Road in December 2008 after Miami’s world-renowned Art Basel. The photography gallery in Miami became very well known after holding South Florida’s second annual In Fashion Photo exhibition featuring a retrospective of Naomi Campbell, a collection of photographs by renowned, leading photographers, capturing the model’s elegance and glamour over the years. This huge exhibit attracted the presence of supermodel Naomi Campbell, herself, at the art gallery in Miami grand opening.

New locations of the Art Photo Expo photography gallery in Miami are expected to open. The high-end art gallery in Miami displays photography by top international photographers. You won’t need to have a degree in arts or fashion to appreciate the works presented at the Art Photo Expo photography gallery in Miami.

The exhibits are pure, moving expressions of beauty that are understood globally. For more information on the Art Photo Expo art gallery in Miami, email info@artphotoexpo.com or call (305) 672-0055.