Identifying Local Opportunities – Week 3

Identifying Local Opportunities – Week 3

1. Single-family home prices soar in Broward County

http://infoweb.newsbank.com/iw-search/we/InfoWeb?p_product=AWNB&p_theme=aggregated5&p_action=doc&p_docid=15A8E3CB121D96A8&d_place=MIHB&f_issue=2016-01-22&f_publisher=

While in the past month single-family home sales have faired well in Broward County, condo sales have been falling off. Though with the rise in sales has come a rise in the median price for single-family homes. The median price has raised 7 percent over the past year to $305,000. This rise is partly in due to the lower supply of homes available for sale in the county.

-This problem most affects first time homebuyers in Broward County. It also affects foreign buyers looking to buy in Broward County as the dollars strength continues to rise.

2. Climate change could cost jobs in South Florida, says White House adviser

http://infoweb.newsbank.com/iw-search/we/InfoWeb?p_product=AWNB&p_theme=aggregated5&p_action=doc&p_docid=15A83B09F3219D68&d_place=MIHB&f_issue=2016-01-20&f_publisher=

South Florida has just experienced its hottest year on record, and with that there is a new discussion of how global warming will affect South Florida’s economy in the near future. Many are worried that flooding and coastal erosion could threaten real estate and tourist sectors within the state, as well as threaten the ability to import and export goods to the region.

- This is a problem for all those who work and live in South Florida. Threats to the tourism economy threaten what makes up a large part of South Florida economy. Threats to the real estate market threaten to raise housing prices in the area.

3. Miami-Dade’s unemployment rate inches up in December amid Latin American woes

http://www.miamiherald.com/news/business/article56044690.html

Unemployment rose slightly in Miami-Dade County to 6.1 percent, up from 6 percent last month. This is the third month that the unemployment rate rose. The strengthening dollar has caused a slowdown for Miami’s tourism and retail sector because it has taken a toll on the purchasing power of Latin American visitors.

-This is a problem for those looking employment in Miami-Dade county, especially for those that looking for a first time job.

4. Broward seeks $34 million for airport construction delays

http://infoweb.newsbank.com/iw-search/we/InfoWeb?p_product=AWNB&p_theme=aggregated5&p_action=doc&p_docid=15A6953166F3E898&d_place=MIHB&f_issue=2016-01-15&f_publisher=

Broward County has filed a notice to one of the major contractors of its new Fort Lauderdale-Hollywood International Airport expansion project. Broward County is claiming 34 million dollars in damages against the offices of Tutor Perini Fort Lauderdale-Hollywood Venture.

-This is a problem for the offices of Tutor Perini Fort Lauderdale-Hollywood Venture, as they will have pay for at least some of the damages. But this is also a problem for Broward County as the delays upset the residents of Fort Lauderdale and Hollywood, as they have to deal with the construction.

5. High winds knock out power for thousands in Miami-Dade, Broward

http://infoweb.newsbank.com/iw-search/we/InfoWeb?p_product=AWNB&p_theme=aggregated5&p_action=doc&p_docid=15A9383197E67820&d_place=MIHB&f_issue=2016-01-23&f_publisher=

Nearly 5,000 Florida Power and Light customers were left without after high-speed winds knocked out lines in South Florida.

-This is a problem for those that have lost power, but is also a problem for FP&L due to the increased funds they will have to spend to repair the lines.