Report: Miami among top cities to snag foreclosed homes

Six Florida cities rank among the best places to buy foreclosures in 2013, according to a report by RealtyTrac.

Topping a list of 20 metropolitan areas is Palm Bay-Melbourne-Titusville, the Irvine, Calif.-based real estate data firm said.

RealtyTrac looked at four criteria in tallying the “best places:” the supply of foreclosure inventory; foreclosure sales as a percentage of all transactions; the average percentage discount on foreclosures; and the annual percentage change in foreclosure activity in 2012 compared with 2011.

Also among the top 20 metro areas for buying foreclosures is Lakeland (No. 5), Tampa (No. 6), Jacksonville (No.7), Orlando (No. 9) and Miami (No. 12), according to the RealtyTrac report.

The No. 12 ranking for the metropolitan area of Miami, Fort Lauderdale and Pompano Beach was based on the area having a 29-month supply of foreclosures, with foreclosures accounting for 28.7 percent of all sales during 2012. The average price discount on a foreclosed home in the Miami-Fort Lauderdale-Pompano Beach area was 31 percent in 2012, when foreclosure activity rose 36 percent from a year earlier, RealtyTrac said.

“Markets with increasing foreclosure activity in 2012 took the first step in finally purging delayed distress left over from the bursting housing bubble,” Daren Blomquist, vice president at RealtyTrac, said in a statement. “Meanwhile, the underlying fundamentals in many of those markets are slowly improving, making it an opportune time to absorb additional foreclosure inventory this year — and that is particularly good news for buyers and investors hungry for more inventory to purchase in those markets.”

The greater Miami area ranked fifth among U.S. cities in foreclosure filings in 2012, with 3.71 percent, or one in every 27 housing units, receiving some type of foreclosure filing during 2012. That compares with a national average of 1.39 percent of housing units getting a foreclosure filing during that period.

Anthony Askowitz, a broker with RE/MAX Advance Realty II in Miami, said the reality of the foreclosure market is more nuanced than such statistics suggest.

“The inventory of foreclosures on the market is very low. It’s highly competitive right now for a foreclosure or a property put out as a quote ‘good deal,’’’ Askowitz said. “Multiple offers is the norm.’’

Indeed, while the huge overhang of foreclosures has long been expected to constitute a downward pressure on home prices, robust demand for South Florida housing and a tight inventory of available homes for sale have so far trumped that force.

According to the latest Case-Shiller report released Tuesday , South Florida home prices rose 10 percent in November 2012 from a year earlier. That marked the 12th consecutive gain.

Read More..

Critical, long-overdue BlackBerry makeover arrives

TORONTO (AP) — BlackBerry maker Research In Motion Ltd. will kick off a critical, long-overdue makeover when chief executive Thorsten Heins shows off the first phone with the new BlackBerry 10 system in New York on Wednesday.

Repeated delays have left the once-pioneering BlackBerry an afterthought in the shadow of Apple’s trend-setting iPhone and Google’s Android-driven devices. There has even been talk that the fate of the company that created the BlackBerry in 1999 is no longer certain.

Now, there’s some optimism. Previews of the BlackBerry 10 software have gotten favorable reviews on blogs. Financial analysts are starting to see some slight room for a comeback. RIM‘s stock has more than doubled to $ 15.66 from a nine-year low in September, though it’s still nearly 90 percent below its 2008 peak of $ 147.

RIM redesigned the system to embrace the multimedia, apps and touch-screen experience prevalent today. The company is promising a speedier device, a superb typing experience and the ability to keep work and personal identities separate on the same phone.

Most analysts consider a BlackBerry 10 success to be crucial for the company’s long-term viability. Doubts remain about the ability of BlackBerry 10 to rescue RIM.

“We’ll see if they can reclaim their glory. My sense is that it will be a phone that everyone says good things about but not as many people buy,” BGC Financial analyst Colin Gillis said.

Jefferies analyst Peter Misek called it a “great device” and said RIM does have some momentum just months after the Canadian company was written off for dead.

“Six months ago we talked to developers and carriers, and everybody was just basically saying ‘We’re just waiting for this to go bust,’” Misek said. “It was bad.”

The BlackBerry has been the dominant smartphone for on-the-go business people and crossed over to consumers. But when the iPhone came out in 2007, it showed that phones can do much more than email and phone calls. Suddenly, the BlackBerry looked ancient. In the U.S., according to research firm IDC, shipments of BlackBerry phones plummeted from 46 percent of the market in 2008 to 2 percent in 2012.

RIM promised a new system to catch up, using technology it got through its 2010 purchase of QNX Software Systems. RIM initially said BlackBerry 10 would come by early 2012, but then the company changed that to late 2012. A few months later, that date was pushed further, to early 2013, missing the lucrative holiday season. The holdup helped wipe out more than $ 70 billion in shareholder wealth and 5,000 jobs.

Although executives have been providing a glimpse at some of BlackBerry 10′s new features for months, Heins will finally showcase a complete system at Wednesday’s event. Devices will go on sale soon after that. The exact date and prices are expected Wednesday.

Regardless of BlackBerry 10′s advances, though, the new system will face a key shortcoming: It won’t have as many apps written by outside companies and individuals as the iPhone and Android. RIM has said it plans to launch BlackBerry 10 with more than 70,000 apps, including those developed for RIM’s PlayBook tablet, first released in 2011. Even so, that’s just a tenth of what the iPhone and Android offer. Popular service such as Instagram and Netflix won’t have apps on BlackBerry 10.

Gillis said he’ll be looking to see when RIM releases a keyboard version of the new phone. The first BlackBerry 10 phone will have only a touch screen. RIM has said a physical keyboard version will be released soon after. He said a delay could alienate RIM’s 79 million subscribers.

“The No. 1 feature that they like is the physical keyboard,” Gillis said.

Gadgets News Headlines – Yahoo! News

Title Post: Critical, long-overdue BlackBerry makeover arrives
Url Post: http://www.news.fluser.com/critical-long-overdue-blackberry-makeover-arrives/
Link To Post : Critical, long-overdue BlackBerry makeover arrives
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Entourage Movie Gets The Green Light From Warner Brothers

The boys are coming back!

Warner Brothers has officially given the go-ahead to the feature film sequel of HBO's hit-series Entourage, Deadline reports.

Pics: TV's 10 Most Divisive Love Triangles

According to the site, the show's creator, Doug Ellin, has already written the screenplay and will direct the movie. The studio is reportedly in the process of making deals with principal cast members Adrian Grenier, Jeremy Piven, Kevin Dillon, Jerry Ferrara and Kevin Connolly.

As of yet, there is no date set for filming to begin.

Video-- Emmy Flashback: Jeremy Piven '07

Entourage ran for eight seasons (2004-2011), earning six Primetime Emmys and one Golden Globe.

Read More..

House of shards: Street bonus woes slam NY housing market

Wall Street’s bonus blues are holding back Big Apple home prices.

While the housing market is on the mend and every other major metro area is on the upswing, New York stands out as the sole city to see an annual price decline, according to Standard & Poor’s Case-Shiller index released yesterday.

Home prices in the New York area were down 1.2 percent in November compared to a year ago — the only decline out of the 20 metro areas tracked by the closely watched index.

By comparison, home prices on average were up 5.1 percent from a year ago nationwide.

David Blitzer, chairman of S&P’s Index Committee, singled out the city’s shrinking financial sector as one reason it is lagging the rest of the country.

“Financial services is not in the best shape, and that has put a damper on the home prices and how people view job growth,” said Blitzer.

In fact, Wall Street bonuses have been shrinking ever since the financial meltdown.

Bonuses paid out this year are expected to decline, after falling 13.5 percent last year for work done in 2011.

“If it’s a good year for bonuses, it’s a good year for people selling real estate,” Blitzer said.

And for at least some of the well-heeled Gucci loafer set, who typically drive real-estate values in the city, bonuses could be off as much as 35 percent, according to Wall Street recruiters.

The office of New York State Comptroller Thomas DiNapoli’ estimates that the Street’s base salaries fell 9.5 percent to $362,000 last year, from $400,000.

Job growth in the Big Apple also has been relatively flat, with just about 500 jobs added in the securities sector over the past year, according to the Independent Budget Office.

That follows several rounds of deep cuts across the securities industry since the financial meltdown.

During the height of the crisis, some 140,000 jobs were lost, IBO data shows.

New York home prices held up far better than those in other major metro areas during the crisis, and the city wasn’t nearly as hard-hit as financially overheated areas like Phoenix and Atlanta, a spokeswoman with Mayor Michael Bloomberg’s office noted.

The index does not factor in co-ops and condos and covers territory including Long Island, Westchester and Northern New Jersey.

Median home prices within the city’s five boroughs stand at $445,000 and $380,000 in the broader New York metro area, while national median is closer to $175,000, according to Moody’s Analytics data.

Pay within the five boroughs on average is $61,0000 and $68,000 in the broader New York area, while the national average is $53,000. according to Moody’s.

New York’s housing market is very sensitive to the metro economy, said Michael Zoller, an economist at Moody’s Analytics.

“If the metro economy isn’t producing high-paying jobs, nobody’s going to be able to pay high real-estate prices,” Zoller aid.

mark.decambre@nypost.com

Read More..

Tablets take their screen tests

Screen quality is critical to a great tablet, and in 2012 we saw the quality of tablet screens advance in leaps and bounds, especially in terms of clarity. Here are our favorites.

Barnes & Noble Nook HD

Rating: 3.5 stars out of 5 (Very good)

The good: A light, comfortable design with a sharp screen and a well-implemented user profiles feature. Books, videos and magazines look great and the microSD slot takes some of the sting out of the lack of internal storage.

The bad: App, movie, TV show and game options are thin and there’s no native music service. It’s missing some typical tablet features and 8GB is low for the price. Fingerprints easily sully the screen.

The cost: $199

The bottom line: The Barnes & Noble Nook HD can’t match competing tablets in media library breadth, but as long as you’re not looking for bells and whistles, its sharp screen and comfortable body make it an ideal tablet choice for books and magazines.

Asus Transformer Pad Infinity TF700

Rating: 4 stars out of 5 (Excellent)

The good: High-resolution screen rivals the new iPad’s display in sharpness and clarity. Also, apps launch quickly, GPS works well and its rear camera is the best we’ve seen on any Android tablet. The tablet’s body has the same great thin and light design as the Prime.

The bad: So far, not enough Android apps take advantage of the TF700’s higher pixel count. Also, its battery life isn’t as good as the Prime’s.

The cost: $479.88 to $590.37

The bottom line: The Asus Transformer Pad Infinity TF700 is one of the fastest Android tablets out there, combining an already proven design with a better camera, a faster processor, and a beautiful screen.

Google Nexus 10

Rating: 4 stars out of 5 (Excellent)

The good: A beautifully sharp screen is light, durable and has the fastest processor of any Android tablet. Photo Sphere is an incredibly cool concept. Google’s content ecosystem is only getting better.

The bad: The included charger isn’t fast enough to power the battery while playing a game; even while idle, it charges painfully slowly. There’s no storage expansion option, and apps that take full advantage of the screen are currently few and far between. Navigation isn’t quite as smooth as on the Nexus 7.

The cost: $399

The bottom line: The Nexus 10’s superior design and swift performance make it one of the best Android tablets to date. We expect post-launch updates from Google to make it even better.

Apple iPad (fourth generation)

Rating: 4.5 stars out of 5 (Outstanding)

The good: A6X processor adds extra system speed and graphics power. Improved worldwide cellular compatibility makes the LTE model a more appealing proposition. And the iOS App Store remains best in class, with the widest selection.

The bad: The fourth-gen iPad is otherwise identical to its recent predecessor — same size, weight and Retina Display screen. It’s heavy to hold in one hand, and most older accessories won’t work without investing in a pricey Lightning adapter.

The cost: $499 to $539.99

The bottom line: The latest iPad adds several tweaks and improvements to secure its position at the top of the tablet heap. It’s better all around, but third-gen owners don’t need to upgrade.

Read More..

Lauderhill police investigating homicide; searching for suspect

Lauderhill police Monday night were investigating an apparent homicide.

Details were sketchy, but police said just before 9 p.m. a woman was shot and killed on the 2800 block of Northwest 55th Avenue.

The victim was dead at the scene.

K-9 units were in the area searching for a possible suspect and a public information officer is now at the scene.

This story will be updated as more details are available.

Read More..

Scott Brown’s Twitter Rant Will Not Stop Haunting Him

Scott Brown got a little carried away responding to critics on Twitter over the weekend, which shouldn’t be a big deal, but apparently it is when you’re expected to run for a vacant Senate seat and now everyone is taking his “whatevers” so very, very seriously. 

RELATED: Paging Senator Warren: The Case for Her Campaign

After watching his daughter perform on Friday evening, now former Senator Brown sent out a few tweets that might suggest he’d had a few glasses of wine — the late delivery time, the content, and the subsequent deletion seem to have offered some credence to those theories. The Internet grabbed on to Brown’s “Bqhatevwr” tweet, which spawned a trending hashtag and two different parody accounts, because it is clearly hilarious. 

RELATED: Scott Brown Backs Out of Final Debate With Elizabeth Warren

But the Internet won’t let a series of tweets from a recently unemployed man go unnoticed, and now pundits continue to go over them with a fine-tooth comb to see what they can glean about Brown’s political future (will it be a run for Senate or Governor?) as we wait to see what shakes out in Massachusetts. Here are your two camps of over-analysis:

RELATED: Update: Scott Brown Made the Debate!

These Tweets Are Serious Business

RELATED: So Who’s Going to Replace John Kerry for Massachusetts Senate?

The Washington Post‘s The Fix writer Aaron Blake thinks these tweets should be taken very seriously, and that Brown “needs to say something — and the sooner the better.” Brown’s silence is only feeding the beast, Blake insists, and because Brown won’t talk about it, everyone is going to keep talking about it. “By deleting the tweets and not saying anything, though, Brown only feeds the robust rumor mill that is Twitter,” Blake writes. “Quite frankly, Twitter matters in the broader political discussion, since what is big on Twitter almost always penetrates into the political dialogue.” Blake seems to argue that the story will die as soon as Brown comes out with a public oops, and that the silence only raises more questions than necessary. Which might be asking more questions than necessary in the first place, but we digress.

RELATED: New Tactic: Blame Elizabeth Warren for Her Ancestors’ Crimes

Scott Brown Is Human Because He Regrets Things He Tweets, Too

The Boston Herald was on this beat before Brown tweeted the now controversial tweets. The former Senator has basically avoided mentioning politics at all on Twitter since losing his seat to Elizabeth Warren last year. Instead, he’s opted to talk about the Patriots’ disappointing playoff performance, his excitement for the Bruins and the Celtics, and that time he went to see Silver Linings Playbook. Talking Points Memo’s Igor Bobic says Brown’s tweeting proves he’s “just like us.” His recent performances have made him “a sort of Twitter celebrity extraordinaire recently,” especially after his escapade on Friday. Bobic even compared him to the infamous Iowa Senator Chuck Grassley. And it was Brown’s regular-guy-in-a-barn-coat image that made helped him win his Senate seat in the first place, so what harm can really come of some silly late-night tweeting? Unless by harm you mean excellent poll numbers.

Social Media News Headlines – Yahoo! News

Title Post: Scott Brown’s Twitter Rant Will Not Stop Haunting Him
Url Post: http://www.news.fluser.com/scott-browns-twitter-rant-will-not-stop-haunting-him/
Link To Post : Scott Brown’s Twitter Rant Will Not Stop Haunting Him
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

The Bachelor Recap: Sean Lowe Eliminates Leslie H and Amanda

The competition for Bachelor Sean Lowe's heart is heating up! 

Thirteen girls are left to vie for Sean's affections this week, and it's no surprise announcements of the coveted one-on-ones are making everyone a bit antsy. To the dismay of the other women (especially Leslie H., who breaks out in tears from frustration), Selma is chosen for the first whirlwind date.

Despite Selma's distaste for athletics and the heat, Sean's rough-and-tumble rock climbing date in the desert turns out to be a hit. The self-proclaimed girly girl escalates the 100-ft rock with relative ease and earns a few points from Sean in the process. As a reward for being a good sport, the two cap off the night with a romantically eclectic dinner in a converted trailer park. Struck by the urge to kiss his date, Sean asks permission to make a move but is denied by Selma out of fear her strict parents will be upset by their nationally broadcast exchange of lust. Respectfully, Sean backs off, but Selma's modesty doesn't deter him from bestowing a rose to his date.

Pics: Meet Sean Lowe's Lucky Ladies!

As if the house wasn't competitive enough, Lindsay, Robyn, Jackie, Catherine, Amanda, AshLee, Sarah and Tierra are pitted against eachother for a spirited roller derby group date. While the festivities begin with fervor, it doesn't take long before Sean decides to change the rules and make the date a friendly one. Amanda, who came into the ring with confidence, suffers a violent spill which sends her to the hospital. Sarah experiences extreme difficulty maintaining her balance with one arm, and nearly leaves the rink for good out of sheer disappointment. In an attempt to assuage the girls' anxieties, Sean opts to forgo the competition and free skate instead.

Back at the house, Tierra grows frustrated as the group date leaves her with little time to spend with the bachelor. This prompts her to spontaneously announce her tearful exit from the competition in the middle of Sean's sexy date. After some reassurance from Sean, Tierra is talked off her ledge and given a rose to the horror of the remaining women.

The second one-on-one went to Leslie H. and Sean goes to extreme lengths to make the outing the most romantic date he can manage. A la Pretty Woman, Leslie was bestowed with diamond earrings before being treated to a day of shopping on Rodeo Dr. and dinner. Despite all the right circumstances, Sean is upset that he isn't feeling a "romantic connection" with Leslie, and opts to send her home.

Recap: 'Bachelor' Sean Sets World Record, Dumps a Fave

"Blindsided," Leslie takes the rejection well. Climbing into her waiting car, she warns Sean to be careful of the ladies who aren't in the competition for the right reasons.

When it came time down to the final rose ceremony, Sean gives Amanda the final boot.

"Sean has everything that I'm looking for," weeps a teary Amanda. "I feel really rejected, and it hurts."

Tune in next week for a special two-night extravaganza of Bachelor madness. Brand-new episodes will air both Monday and Tuesday night on ABC.

Read More..

Ex-NYCiSchool principal in Regents test cheat

The former principal of the high-performing NYCiSchool improperly allowed one of her teachers to re-grade and raise scores on high school Regents exams, school investigators found.

She was among nearly 100 educators — including 17 principals, 61 teachers, seven assistant principals and nine other staffers — who have been implicated in cheating probes by the city Department of Education since 2006, according to documents obtained under a Freedom of Information Act filing.

It took the Department of Education nearly 18 months to comply with The Post’s request for cheating cases confirmed by its internal investigative arm, the Office of Special Investigations — in violation of the rules governing public access to documents.

Among the recent cases, NYCiSchool principal Alisa Berger let teacher Susan Herzog re-grade the June 2010 Living Environment Regents exam by herself after they had already been graded.

Herzog said she raised the scores given to students for certain questions after clarifying proper procedures with the State Education Department.

Berger told The Post that student scores were both raised and lowered, but that no students’ grade was changed from failing to passing.

“Did I make a procedural mistake? I did. Was it cheating? Absolutely not,” said Berger, who unrelatedly left the downtown school last year.

Among the biggest cases of cheating, teachers at Hillcrest HS in Queens were found to have bumped up the scores of 255 students on the English Regents exams back in 2006.

The case was never made public and no teachers were punished because the re-scoring practice, known as “scrubbing,” wasn’t technically prohibited.

In another case, Manhattan teacher Iris Ventura helped several classrooms of 8th graders with the state’s high-stakes math exams — at the request of MS 322 principal Erica Zigelman, investigators found.

Despite the DOE’s stated no tolerance policy for cheating, they were both let off with letters of reprimand.

In 2011, Ventura was caught cheating again — this time telling four 7th graders to check their answers on the state math exams, probers found.

She was again let off with a letter in her file, and has since resigned, according to the DOE.

Read More..

Miami Herald Business Plan Challenge opens for entries

Entrepreneurs, please don’t let the name of our contest scare you.

As we launch our 15th annual Miami Herald Business Plan Challenge today, we are putting out our annual call for entries. But we aren’t looking for long, laboriously detailed business plans. Quite the contrary.

More and more, today’s investors in very early stage companies want to see a succinct presentation of your concept and how you plan to turn it into a success. We do, too.

If you have a business idea or an operating startup that is less than two years old, you can enter the Challenge, our annual celebration of South Florida entrepreneurship. Sponsored by the Pino Global Entrepreneurship Center at Florida International University, our contest has three tracks — a Community Track, open to all South Floridians; an FIU Track, open to students and alumni of that university; and a High School Track, co-sponsored by the Network for Teaching Entrepreneurship.

Your entry may be up to three pages and you may attach one additional page for a photo, rendering, diagram or spreadsheet if you wish. Think of it as a meaty executive summary. Experts in all aspects of entrepreneurship — serial entrepreneurs, executives, investors, advisors and finance specialists (see judge bios on MiamiHerald.com/challenge) — will judge your short plan. In doing so, they will be looking at your product or service’s value to the customer, market opportunity, business model, management team and your marketing and financial strategies. See the rules on page 22, which also include tips on preparing your entry.

Your entry is due by 11:59 p.m. March 11. Entries should be sent to challenge@miamiherald.com, fiuchallenge@miamiherald.com or highschoolchallenge@miamiherald.com.

Don’t worry, we’re here to help!

“Frame your business from your customer’s perspective and not yours. Rather than diving into a detailed explanation of your product or service, a more compelling way to tell your business story is to clearly share the problem that you are solving for your customers and how your business is different, better, faster, cooler, cheaper, smarter,” says Melissa Krinzman, managing director of Venture Architects and a veteran Challenge judge.

On Feb 26 at 6:30 p.m. at Miami Dade College, we’ll host a free Business Plan Bootcamp, where you can bring your working plan with you for advice from experts, including Krinzman. Find the sign-up link on MiamiHerald.com/challenge.

And each week in Business Monday and on MiamiHerald.com/challenge, we’ll be bringing you advice and answering your questions. You can post your questions on the Q&A on MiamiHerald.com/challenge or email your questions to me at ndahlberg@miamiherald.com. Follow @ndahlberg on Twitter.

The top six finalists in the Community and FIU Tracks will present their 90-second elevator pitches for our popular video contest. Last year our People’s Pick contest drew more than 18,000 votes.

On May 6, in a special section of Business Monday, we will profile the winners — the judges’ top three selections in each track plus the People’s Pick winners. Along the way, we will unveil semifinalists and finalists to keep the suspense building.

Today, though, we are looking back on the entrepreneurial journeys of our 2012 winners. Funding was a nearly universal challenge, and many faced setbacks in developing their platforms. Throughout the entry period, we’ll also look back on other winners from the past 14 years.

Show us what you’ve got. Let’s make this the best Challenge yet.

Read More..