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Miami Real Estate Shines in June with Seventh Straight Month of Price Increases

Miami’s real estate market continued its strong 2012 performance in June, with home prices rising in the city for the seventh consecutive month. Condos were a particularly hot draw, posting year-over-year median price gains of 34 percent, with single-family

Elite International Realty, OBP Realty Partner Up For Bellini Williams Islands

By Carlo Calma South Florida residential development Bellini Williams Island has announced the partnership of real estate firms Elite International Realty and Only Best Properties (OBP) International Realty as their lead sales and marketing teams in an issued press

Zilbert International Realty Selected For Chateau de Charbonnieres

By Carlo Calma Miami-based real estate agency Zilbert International Realty has been selected as the sales and marketing company of France’s historic Chateau de Charbonnieres, which is currently listed at $37 million. The private property sits on 79 acres

Existing-Home Sale Price Rises 7.9 Percent in June, Pat Klock Parker of Klock Parker Real Estate Group Comments

Existing-home sale price for all housing types rose 7.9 percent year-over-year in June in the National Association of Realtors’ latest housing report. It’s the fourth straight month of yearly price increases, a streak that has not occurred since 2006.

59 Percent of Agents Report Higher Buyer Interest in 2012

By Peter Ricci Nearly six in 10 respondents to the latest Real Estate Buyer’s Agent Council (REBAC) survey reported higher buyer interest in 2012, a 34 percent increase from 2011 and one of the strongest signifiers yet of greater

NAHB Builder Confidence in July At Highest Level Since 2007; Hazel Goldman of RE/MAX Pinecrest Comments

By Peter Ricci The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) posted notable gains in July, rising six points to its highest level since March of 2007. The six-point increase is the largest one-month gain for the

Average Days on Market Decreasing?

By Stephanie Sims How fast agents sell homes depends on a number of things – location, condition of the property, foreclosure/short sale status and the state of the market. But a hugely important indicator is how many days a

C’mon, Get…Foreclosed? Trouble in Paradise for David Cassidy

By Peter Ricci There have been many celebrity victims of the housing downturn, and a new article from Zillow is reporting that Partridge Family alum David Cassidy is facing foreclosure on his 34th-floor penthouse in the Los Olas River

Clients Concerned About Zombie Attacks? Show Them These Homes

By Stephanie Sims With zombies trending lately, in pop culture and several times in the news scarily enough, perhaps your clients have wondered aloud whether or not they should buy a property that would defend against any future apocalyptic

NAHB Improving Markets Index Expanded to 84 Cities

The National Association of Home Builders/First American Improving Markets Index (IMI) expanded yet again last month, with the NAHB adding 11 more metros to the index, which now totals 84. A measure of improving economic conditions, the IMI now

Miami Surpasses Chicago in Construction of High-Rise Buildings

Is the 305 passing the 312? New construction data from McGraw-Hill Dodge on high-rises in the U.S. contained an interesting nugget of information – from 2000 to 2011, there were more projects for buildings of 20 or more stories

Mortgage Underwriting Standards Less Strict in 2012

Lessening underwriting standards are the great white whale in housing’s recovery, and the 2012 Survey of Credit Underwriting Practices from the Office of the Comptroller of the Currency (OCC) is making some suggestions that the tide may be turning for home

Related Urban Receives $60 Million Tax Credit For Public Housing

The Related Group’s affordable housing division, Related Urban Development, has been granted a $60 million tax credit to fund public housing projects in the area, according to a June 21 press release. Albert Milo, senior vice president for Related

NAR Pending Home Sales Index Rises 5.9 Percent in May, Shelton and Stewart Realtors Broker/Co-Owner Tere Shelton Bernace on ‘Vicious Cycle’

The National Association of Realtors’ Pending Home Sale Index bounced back to positive territory in May, rising 5.9 percent to its highest level in two years. With a reading of 101.1, the index is 13.3 percent higher than a

Median Condo Sales Price Jumps 22 Percent in Miami, EWM International’s Christopher Zoller on ‘Seller’s Market”

Miami home prices were up for the sixth consecutive month in May, with median condo prices increasing by 22 percent, according to new data from the Miami Association of Realtors (MAR). Statewide, sale prices were similarly encouraging, increasing 8.9

Miami Home Prices Rise 3.2 Percent in April 2012 Case-Shiller Index

Home prices in Miami continued their stellar performance in the latest Case-Shiller Home Price Index, increasing 3.2 percent from last year, according to Standard & Poor’s (S&P). In addition, prices rose by 0.4 percent from March to April, and that

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