Local News

Real estate news in Atlanta

Coconut Grove “Fantasy Island” Home Sells for $4.7 Million

By Natalie Terchek Master Broker Forum member, Chris Crystal of Miami Real Estate Co., sold a 5,098 square-foot home nicknamed “Fantasy Island” for $4,700,000. The sale was completed on December 3,

Pending Home Sales Index Hits Highest Level Since April 2010

By Peter Ricci The Pending Home Sales Index showed considerable signs of life in November, increasing 9.8 percent year-over-year and hitting its highest level in more than two years, according to the latest readings by the National Association of

Asking Prices Increase 5.1 Percent in December Trulia Price Monitor

By Peter Ricci Asking prices increased 0.7 percent from November to December and 5.1 percent year-over-year in the latest Trulia Price Monitor, which studied the asking prices of for-sale homes listed on Trulia in

How Does Geography Influence Building Materials?

By Peter Ricci Have you ever wondered by chrome seems so common in New England homes? Or why the shiny, shimmering textures of bronze always pop up in Texas dwellings? The NAHB Research Center just combed through 15 years-worth

Top Stories of 2012

By Natalie Terchek It’s been a busy year for Miami real estate, with home sales, median home price and housing inventory trending in remarkable directions – and the whole time, Miami Agent was there, covering the area’s top news in

Miami Home Prices Increase 8.5 Percent in October Case-Shiller

By Peter Ricci Miami home prices increased by 8.5 percent year-over-year in the latest Case-Shiller Home Price Indices from Standard & Poor’s, which was good for the fourth best showing in the nation. Though home values did decline a bit from

Top 5 Celebrity Real Estate Stories of 2012 in Miami

Miami has always attracted a fair amount of celebrities, but this year, our celebrity news varied from celebrity homes on the market to foreclosure – even to residents vetoing certain celebrities from living in their neighborhood! Want to know

NAR Gives A Great Xmas Present with its Existing-Home Sales Report

By Peter Ricci There was nothing but good tidings and cheer in the National Association of Realtors’ (NAR) existing-home sales report for November, which found existing-home sales to have increased 5.9 percent from October to November and 14.5 percent

Home Prices Up 3.7 Percent in FNC Residential Price Index for October

By Peter Ricci Declining foreclosure activity and strengthening home sales contributed positively to home prices in October, with FNC’s latest Residential Price Index increasing 3.7 percent year-over-year for the month. In addition, the Residential Price Index was up 0.4

How Does Florida’s Foreclosure Timeline Stack Up?

If the housing downturn has accomplished anything, it’s given us a new perspective on data. Formerly obscure sets of data, from the Case-Shiller Home Price Indices to the monthly delinquency reports from CoreLogic, are now pivotal cues to the housing

American Enterprise Once Again Calls FHA’s Finances Into Question

By Peter Ricci The American Enterprise Institute strikes again! After being one of the first major research firms to call the Federal Housing Administration’s (FHA) finances into question, the Institute has published another analysis of the FHA’s books, and

Ed DeMarco, FHFA Acting Director, Could Be Toast by New Year

By Peter Ricci A new report from the Wall Street Journal is validating what many have been suspecting for months – President Obama is planning on replacing Acting Federal Housing Finance Agency Director Ed DeMarco by early next year, and

2012 NAR Profile of Home Buyers and Sellers: FSBO Sellers

By Peter Ricci The for-sale-by-owner (FSBO) market is one of untapped potential, like an oil reserve that real estate agents haven’t quite reached yet. After all, these are consumers who are looking to sell their homes, but are not

Asking Prices Continue to Improve in Trulia Price Monitor

Asking prices continued to show improvement in the Trulia Price Monitor, a leading indictor of market activity that studies the asking prices of new property listings on the real estate website. Overall, the Trulia Price Monitor found that asking prices

CoreLogic Home Price Index Posts Best Month in Six Years

By Peter Ricci Home prices rose 6.3 percent year-over-year in October according to the latest Home Price Index from CoreLogic, which is the biggest yearly increase since June 2006 and the eighth consecutive month of yearly increases. This is the

Clock is Ticking for Mortgage Forgiveness Debt Relief Act

By Peter Ricci The fiscal cliff, and its implications for the U.S. economy, may be receiving all the attention from the media, but the National Association of Realtors (NAR) is doing its darnedest to ensure that another, equally potent

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