National News

Census Bureau: Construction Spending Jumps 5.2 Percent in July

Construction spending increased again in July, with residential construction leading the way. Construction spending in July continued its strong 2013 comeback, with overall construction activity rising 0.6 percent from June and 5.2 percent from July 2012 to a seasonally

CoreLogic: Home Prices Up 12.4 Percent in July

The nation’s home prices continued to improve in July, with the latest Home Price Index from CoreLogic posting fantastic year-over-year numbers. Home prices continued their double-digit performance in the CoreLogic Home Price Index, rising 12.4 percent year-over-year in July. That

The Top 9 Reasons That Consumers Moved in 2012

Quite a few Americans moved about in 2012, but what were the reasons behind their move? Last year, a hefty number of Americans moved to new residences – 35.5 million Americans, in fact, a 4 percent increase from 2011

McMansions: The Sequel

Many analysts were proclaiming the demise of the McMansion, but the super-sized housing option seems to have returned from the dead. The narrative went a little something like this: McMansions, or over-sized suburban homes, were an outgrowth of the

How Quickly Do Listings Go Under Contract in Miami?

The housing market, according to the latest numbers from Redfin, seems to be slowing down; is that the case here in Miami? For the third straight month, the percentage of listings that went under contract within two weeks decreased

Housing Stakeholders React Positively Toward New Mortgage Rules

Regulators have proposed new mortgage rules that will give more Americans access to mortgage credit, generating a positive reaction from housing stakeholders. The proposal would align the qualified residential mortgage rule (QRM) with the qualified mortgage rule (QM), finalized

5 Possible Outcomes of Higher Mortgage Rates

Mortgage rates have risen rather dramatically since May; what impact could those increases have, though, on the housing market? At the beginning of May the average mortgage rate for a 30-year FRM was just 3.35 percent. Since then, as

What Does it Cost to Make your Dream Home a Reality?

What do you think qualifies for a dream home? Great location? Great views? Homefinder recently did some research into dream homes, and they decided that a ‘dream home’ was a single family home listed above $1 million with ‘dream

NAR: Higher Mortgage Rates Push Down Pending Home Sales

Higher mortgage rates negatively impacted pending home sales, according to new data from the National Association of Realtors. The Pending Home Sales Index, the leading measure of contract signings in the residential housing market, declined 1.3 percent from June

New Home Sales Down 13.4% in July – Cold Water on the Recovery?

New home sales fell by a hefty amount in July; what does such a decline suggest about the housing recovery? July was a lukewarm month for new single-family home sales, with the Census Bureau reporting declines in sales numbers.

Miami Home Prices Up 14.8% in June Case-Shiller

June was a stellar month for Miami home prices, with the Magic City putting up some of the strongest home prices gains in the nation. Home prices in Miami were up 14.8 percent in June, according to the latest Case-Shiller

The Nation’s Busiest Residential New Construction Markets

Residential construction put up some great numbers in July, but are those gains consistent with our local real estate market? July was a very strong month for residential new construction. Not only were building permits up 2.7 percent from

Are Mortgage Lending Standards Really THAT Bad?

We keep hearing that mortgage lending standards are unfairly tight, but does the data support that meme? One of the more prevailing memes in the housing recovery has been the relative tightness of lending standards on residential mortgages, and

Existing-Home Sales Up 6.5% in July, Inventory Stabilizes

Not only were existing-home sales up by monthly and yearly measures in July, but housing inventory continued to stabilize as well. July was a rock solid month for existing-home sales, according to the latest data from the National Association

How Affordable, Really, is Miami’s Housing Market?

Housing affordability has slipped a bit so far in 2013, but does Miami’s housing stock remain affordable relative to other major cities? Housing affordability slipped a bit from the first quarter to the second quarter in 2013, according to

Census Bureau: Housing Starts Up Nearly 21 Percent in July

Residential construction posted great numbers in July, with housing starts, building permits and housing completions all in positive territory. July was a sterling month for residential construction, with all measured tracked by the Census Bureau posting positive numbers for

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