The worst of the housing bust may be behind us, some economists say. Here are three reasons for their somewhat optimistic look on housing.

1. Fewer houses built mean fewer houses waiting to be sold.
In May, the number of new housing units completed fell to 1.534 million from 1.542 million in April and 1.61 in March. The numbers of starts are at a low enough level that the inventories can start to be worked down, says National Association of Home Builders Chief Economist David Seiders.

2. Mortgage rates are going up, but the economy is strong enough that people can afford the increase. The economy appears able to absorb these subtractions, especially since they remain on track to be smaller than what the market grew accustomed to over the past year, says Action Economics Chief Economist Mike Englund in a June 19 note.

3. There is no improvement yet, but the decline has slowed.
I don't think we are out of the woods here, but we may not be that far from the bottom. Since late last year things have been trending downward but not nearly as rapidly now as during 2006, says Seiders.

It looks like to worst is behind the MIami real estate market, but certain areas could still feel a decline in pricing and an increase in inventory.

Keystone Bay Condo Rental
1 bed 1 bath
940 sq ft
$1,100 per month

This 1 bedroom apartment is for rent in Keystone Bay for $1,100 per month. This unit has brand new tile floors and is 940 square feet. It also comes with a covered parking spot and all access to the building is electronically controlled. Keystone Bay is located on 135th street East of Biscayne Blvd at the end of the street and the building has been completely remodeled. The building is located on the main canal leading to the bay and Intracoastal Waterway. For more information, please call Paul Hansen 786-586-4778.

Condo at Keystone Bay for Rent
$1,400 per month - 1-year lease
1 bed + Den, that will convert to a 2nd bedroom
1.5 baths
1,140 sq ft

Keystone Bay is a completely remodeled building located at the end of 135th Street just East of Biscayne Blvd is now available for $1,400 per month. This unit at Keystone Bay has been completely remodeled with a new kitchen that has granite counter tops with new appliances, tile floors in the living area, carpet in the bedroom and marble in the bathrooms. All of the windows have been replaced with hurricane rated glass, the lobby of the building has been completely remodeled, along with the hallways and pool area. The most amazing feature of this Keystone Bay condo is the view of the waterways pictured below. The view is of two separate canals with many boats passing by daily. For more information, please call Paul Hansen 786-586-4778. This is a must see if you are thinking of renting in the area!

Paul Hansen
Turnberry International Realty
786-586-4778

Hollywood Beach, Fla. The Related Group announced today a $226.5 million construction loan with Lehman Brothers for Trump Hollywood, heralded as the new definition of luxury for Hollywood Beach. The joint vision of Donald Trump and Jorge Perez, Trump Hollywood is designed by architect Robert Swedroe with interiors by the internationally renowned firm of Yabu Pushelberg. The loan forges the timely completion of the gleaming 40-story glass tower for Summer 2009.

Lehman Brothers was selected from an elite group of lenders to finance Trump Hollywood because of its financial strength, market expertise and long-standing relationship with The Related Group, says Matt Allen, The Related Groups Chief Operating Officer. Lehman Brothers is one of the few lenders in the market today with the ability to fully underwrite this deal and close within the required timeframe.

Set on 240 feet of pristine sandy beaches on the Atlantic Ocean, Trump Hollywood will offer 200 three- to six-bedroom residences, all with private elevator access and breathtaking unobstructed ocean, Intracoastal and city views. The spacious residences starting at $1.6 million will range from over 2,000 to almost 9,000 square feet of living space, including several hundred feet of expansive sunrise and sunset terraces. The exclusive property will feature a double-height lobby, private cinema, state-of-the-art health and fitness center, tennis courts, billiards room, oceanfront pool deck, spa and cabanas with poolside café and bar. For the final touch of sophistication, residents will have access to signature around-the-clock concierge and valet services, all flawlessly orchestrated by the Trump Hollywood staff. For more information, please call Paul Hansen 786-586-4778.

Turnberry Ocean Colony is raising the standard of luxury living in Sunny Isles condos. Turnberry Ocean Colony is nearly complete and the South Tower should be ready of occupancy in the next several months. The North Tower is finished and resales are available with pricing starting at just over $1.5 million.
Turnberry Ocean Colony is the only luxury condo project in Sunny Isles that has a guard gated entrance from Collins Avenue, none of the other condos offer such a high level of security. That one feature alone puts Turnberry Ocean Colony is a league of its own, not to mention the residents only clubhouse and spa that is truly second to none. If you are looking for service and top level amenities, then Turnberry Ocean Colony is for you. For more information or to schedule a showing please call Paul Hansen 786-586-4778. Paul Hansen is the leading real estate agent in Sunny Isles and the Beaches. Put his years of knowledge to work for you.

50 Biscayne is an awesome condo project in downtown Miami that is scheduled to start closings this year. Standing 54 floors in height, 50 Biscayne will be a landmark building on the Miami skyline for years to come. 50 Biscayne is a huge project with 523 condo units and many different types of floor plans to choose from. Because of its location just across the street from Bayfront Park, 50 Biscayne offers unobstructed views of Biscayne Bay and the Atlantic Ocean to the east and beautiful city views to the west.

50 Biscayne is developed by the Related Group and designed by Sieger Suarez, so you know it is a quality condo with top level amenities. There are only a handful of buildings that are taller than 50 Biscayne, and none of them offer the views you get here. To obtain more detailed information on 50 Biscayne and other Related Group projects, please contact Paul Hansen 786-586-4778. Paul Hansen is one of the top realtors in Miami and he will put his years of experience to work for you.

One Bal Harbour is getting very close to completion, and is the best of all the Bal Harbour Condos. Developed by WCI Communities, a leader in luxury condo development, One Bal Harbour is the pinnacle of luxury oceanfront condominiums. WCI has also built Bella Mare on Williams Island and Mosaic in Miami Beach just to name a few.
With a total of 260 units, One Bal Harbour Condos range in size from 1,918 to well over 3,000 square feet in size and offer some of the best floor plans you will find anywhere. Units at One Bal Harbour start in the $700,000s. For more information or to schedule a showing for One Bal Harbour, please call Paul Hansen 786-586-4778.

Mortgage applications fell last week, depressed by the rise in interest rates that made refinancing unattractive, according to the weekly survey by the Mortgage Bankers Association.

The bankers said the mortgage application index slipped 7.3 percent to a seasonally adjusted 636.4 in the week ending June 1. On an unadjusted basis, the index decreased 7.4 percent, but it was up 17 percent compared with the same week one year earlier.

Refinances declined 13 percent, the lowest share since July.

Borrowing costs on 30-year fixed-rate mortgages were 6.32 percent, the highest rate since October. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.05 from 5.96 percent. The average contract interest rate for one-year ARMs increased to 5.74 from 5.72 percent.

No expense has been spared on this completely remodeled Keystone Point home in North Miami. If you are looking for a home with old world Miami charm that has been impeccably improved and maintained then this is it. This Keystone Point home is located on one of the main canals and it is just minutes from the Intracoastal Waterway and ocean. With dock space at a premium in South Florida, having your boat behind your home is the ultimate luxury. Keystone Point has deep and wide canals which makes boating an absolute pleasure.
This Keystone Point home offers 2,800 square feet of air conditioned square footage and a brand new master suite addition that includes his and hers bathrooms and closets priced at $1,395,000. 5 bedroom 4 bathroom waterfront home in Keystone Point, a gated community. All of the windows have been replaced with hurricane rated glass, and every window is beautifully decorated with plantation shutters. The list of upgrades is extensive so please visit KeystonePointMiami.com for a full list along with multiple pictures and video or call Paul Hansen 786-586-4778. You can look, but you will not find a more perfect home in a better location.

Keystone Point Venetian Section
2085 Ixora Road
North Miami, Fl. 33181

Are you lookin for the best deal at Turnberry on the Green. Unit 2214 is now available for the incredible price of $525,000. Turnberry on the Green is located directly on the Turnberry Isle and Resort golf course, and this unit offers amazing unobstructed views in just about every direction. This is the St Andrews floor plan, which is a 2 bed 2 bath corner unit with a large wrap around terrace. Unit 2214 is priced much lower than any other unit in this line, and it is the best deal for a golf course and ocean view unit. Do not miss your chance to own the premier line at Turnberry on the Green for the best price.
Turnberry on the Green has a superior location, and is conveniently located next to Aventura Mall. Amenities at Turnberry on the Green include 24 hour valet, two level state of the art gym, party rooms and heated pool. For more information regarding Turnberry on the Green please call Paul Hansen 786-586-4778.