Over the past months we have noticed the “Shadow inventory” of distressed properties discussed on news reports just doesn’t seem to exist. Today in Coral Gables there are no single family homes that are REO’s (Real Estate Owned by lending institutions) on the MLS and only 8 condos out of 143. That number is less than 2% of the total inventory. In Miami Dade County, less than 5% of the inventory is designated as REO’s. These numbers are rather insignificant so if you are waiting to get a good deal, you may be missing the opportunity to buy a well-priced home. We have actually begun to see some list prices adjusted UP… If you are a Buyer in this market, take advantage of the record low interest rates. Listen to us: We are not in a buyer’s or seller’s market, but a fair one, so purchase your new home in the Gables today.
SOUTHCOM Change of Command Presided over by Defense Secretary Panetta and Veteran's Day Ceremony at Jungle Island
General Douglas Fraser, U.S. Southern Command, giving the keynote address at the Jungle Island Veteran's Day event. U.S. Secretary of Defense Leon Panetta, Chairman of the Joint Chiefs of Staff Army General Martin Dempsey, incoming SOUTHCOM Commander Gen. John Kelly and outgoing SOUTHCOM Commander Gen. Douglas Fraser at Change of Command Ceremony on November 19, 2012 . General Douglas Fraser of the Southern Command is retiring after nearly 40 years of service to the United States Air Force. At a Veteran's Day celebration held at Jungle Island in Miami, the General was recognized along with other veterans for their outstanding dedication to protecting our country. Last week, Gen. Fraser was also honored by United States Secretary of Defense Leon E. Panetta, who commended his accomplishments in leading SOUTHCOM. Secretary Panetta described the General's notable efforts to provide humanitarian assistance and disaster reli
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