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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.
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A column by Daniel Shoer Roth was published in El Nuevo Herald on November 4th criticizing transit officials for not offering a bus route from Miami International Airport to South Beach. Shortly after that, Miami-Dade Transit chief Harpal Kapoor announced that such a route, which will be called the Airport-Beach Flyer route, will exist starting December 13th. Kapoor assures that the new route has been in the works for some time and was not prompted by Roth’s column. The much-needed and heavily-traveled bus route from Miami International Airport to South Beach will follow State Road 112 and make one stop at the Earlington Heights Metrorail station along the way for those wishing to reach Downtown Miami. The bus trip will cost $2.34 and takes about 30 minutes.
If you are a traveler from somewhere else, keep up-to-date on Miami travel tips to make your Miami vacation as smooth as possible.
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The Clevelander is the party hotel of Miami Beach. They know exactly who they are and they are damn proud of it. The Clevelander’s most recent $40 million renovation made the rooms party-proof so that the aftermath of its typical guests wouldn’t cost them an extra penny anymore. The more durable Clevelander reopened to guests after the Clevelander Hotel renovation at the end of April.
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Miami Beach tourism is still suffering even through the high season. Miami Beach hotel revenues and occupancy numbers are decreasing even more quickly than they did after September 11th. Miami Beach tourism suffered a great deal after September 11th due to people’s reluctance to fly. Miami’s Guide will guide you in the right direction and help you find everything you need for the perfect trip.
Revenue for Miami Beach hotels in February 2009 was low and occupancy rates dropped between 10 to 73%. Miami Beach hotel room prices declined an average of 15% to $180 per night. Aside from the global decline, Miami Beach tourism is also suffering because of the increased hotel room supply. There are 10% more Miami Beach hotel rooms this year than last year. Despite the decrease in numbers, Miami Beach tourism gets along well compared to other US top tourist destinations. Vacationers in Miami Beach take advantage of incredible deals on accommodations and usually prefer to stay in Miami Beach vacation rental properties. Miami Beach hotels averages per room are the highest in the country. Use Miami’s Guide to make educated decisions and save while traveling.
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Finnegan’s on the River is ready to celebrate St. Patrick’s Day in Miami with the best themed party in Miami. Guests will be as Irish as they will ever be on Tuesday’s party starting at 4PM at Finnegan’s River. They’ll enjoy beer, live music, a DJ, a bag piper and a green-dyed pool. Enjoy the interior bar, raw sushi bar and a menu with bar classics such as spicy wings and spinach dip with chips.
Special for St. Patrick’s Day, corned beef and cabbage and shepherd’s pie will be added to the menu. For more information, call 305-285-3030.
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The 11th Annual Miami Fashion Week, the largest Miami event in the country showcasing Latin American and international fashion, visits Miami from March 19th through March 22nd. Designers, entertainers and celebrities from all over the world attend these popular fashion shows and upcoming Miami events. For tickets to the 11th Annual Miami Fashion Week fashion show, visit www.miamifashionweek.com. Find accommodations and Miami Beach vacation rentals close to the Miami Fashion Week main venues.
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The economical crisis is hitting the boating industry and Miami boating events extremely hard as seen by the rapid disappearance of boat buyers. Some analysts had anticipated that the wealthy would not be impacted by the crisis and that the yacht and mega yacht segment of the market would be unscathed.
It is time for those analysts to go back and rewrite their reports. Visitors on Florida vacations will normally be preparing now as the Miami Boat Show approaches at this dire time. Some billionaire boat owners have been impacted more than others. The Russian oligarch Abramovitch, a yacht collector, lost most of his fortune in the past few months. His fortune dwindled from about $80 billion to $3 billion.
Large yacht manufacturers and Miami boating events have begun to feel the effects quite intensely. The Italian Ferreti is restructuring its debts and the French Rodriguez is said to be on the verge of bankruptcy.
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Miami Beach is one of the top travel destinations. Now, visitors with disabilities can use special disabled parking permits to park their vehicles. Look up more information on our Guide of Miami Beach. Most Miami hotels and restaurants provide readily accessible ramps for wheelchairs. For decades, the City of Miami Beach has focused a considerable amount of energy on making sure that Miami Beach has accessible beaches on a wheelchair and by all.
These accessible beaches on a wheelchair efforts have proven to be very successful. Accessing the beach by wheel chair is not easy but the City of Miami Beach took care of that by building ramps specially designed to make the beach easily open and available to all.
Hereunder is some information from a Guide of Miami Beach:
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Due to the economic struggle that industries are currently facing, Miami restaurants are slashing prices in order to lure customers. Miami Spice, a month-long event where top Miami restaurants offer discounted meals, normally takes place in the summer because it is considered the slow season.
Now, the new Winter Miami Spice by the Greater Miami Convention & Visitors Bureau has come into effect and will run from January 12th to February 12th. Over 30 Miami restaurants will participate in Winter Miami Spice and offer a fixed menu for lunch for $23 and dinner for $36. For more information on Winter Miami Spice, visit ilovemiamispice.com.
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Today is another new beginning for Miami-Dade’s northbound I-95. Drivers will be introduced to a new traffic system on some of the busiest sections of I-95. Drivers will no longer be able to dive freely into expressway traffic. Now, they must wait for a green light at the entrance ramp to merge in during rush hours. These traffic signals will await motorists at eight different northbound I-95 ramps between NW 62nd Street and the Golden Glades interchange.
This new addition to the driving system is meant to ultimately manage congestion and ease any merging madness on this very busy Florida expressway. This, much like the implementation of the new northbound toll lanes, will require some adjustment. Drivers should pay extra attention when entering I-95 as the new traffic signals create a huge potential for rear-end collisions.
Drivers that are not used to red lights on an interstate ramp may not stop and end up rear-ending drivers ahead of them that obey that traffic signal. Florida Highway Patrols hope that, like the new I-95 toll lanes, people will come to understand the purpose of the traffic signals and adjust after some initial chaos and confusion. A trooper will be set up at every traffic signaled ramp to enforce the new regulation. Violators may face penalties including a $160 ticket and three points on their license. Ramp backups will be monitored by sensors under the ramps and expressway lanes as well as surveillance cameras. When ramps get too backed-up the sensors will signal to speed up entries. If you are traveling to Miami and you plan to rent a car, these traffic signals may not be foreign to you.
