Pembroke Pines has approved the construction of 250 affordable housing units to be built on the City Center site, at Pines Boulevard between Palm Avenue and Hiatus Road.   City Center is adjacent to the Pembroke Pines City Hall and is currently under construction.

The city is applying for $5.5 million in grants from the state to fund the project and the process of approvals and funding may take some time.  

Homeowners apparently will not be able to “flip” these affordable homes for a profit, due to deed restrictions being implemented. 

It seems more and more foreclosures are on the MLS now than ever before and that should not be a surprise with the media attention focussed on distressed properties and owners.  It also appears prices on these properties are being lowered more quickly than non-foreclosure properties in order to expedite sales. 

 We are currently working with several buyers to locate foreclosure properties and other distress sale situations, such as short sales and pre-foreclosures.  All of these offer the potential for substantial savings. 

Broward County Real Estate

 If you or someone you know is looking for a home, either a distress sale property or a normal home listed at a reduced price, please let us know.   There are many, many buying opportunities out there now… as of this writing early January 14, 2008, there are over 16,500 single family homes and almost 22,500 condos, townhomes and villas on the market in Broward County alone. 

 We also have mortgage connections to assist you in financing your purchase.