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Real Estate in Brief: Flood Insurance Program extension, new down payment options and more

Last Thursday, the U.S. Senate granted the National Flood Insurance Program another six-month extension while the House of Representatives granted the same program an extension of seven days. “NAR is relieved that authorization of the National Flood Insurance Program

Why competition for real estate talent is increasing

On average, American workers aren’t in love with their jobs. In a survey released prior to Labor Day this year, researchers from The Conference Board estimated that barely half of U.S. employees (51 percent) are actually satisfied with their job

Cover story: What managing brokers do to keep their best agents

Managing brokers are like the backbone of the real estate industry. They provide support for their associates and help them stand on their own through training and career development. As leaders, managing brokers must consider the big picture as

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Italian clothing company Diesel announces plans to build Miami condo complex

Famous for its denim, the Italian retail clothing company Diesel hopes to make its name in real estate as well. The company announced Nov. 29 that it has partnered with Bel Invest Group, an international real estate investment company based

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This Week in Miami Real Estate: Condo lawsuits, sea level rise and more

The condo association representing residents of The Regalia in Sunny Isles Beach is suing the tower’s developer, general contractor and “more than a dozen other companies,” The Real Deal Miami reported. The suit filed recently in Miami-Dade Circuit Court

Miami Beach neighborhood named one of nation’s most expensive

While California and the Northeast continue to hold most of the top spots in a ranking of the most expensive ZIP codes, this Miami Beach neighborhood edged out 90 others. The 33109 ZIP code comprising Fisher Island, among the most

Oct. pending home sales complicate short-term housing outlook

The latest report on pending home sales recorded in October, released today by the National Association of Realtors, showed more signs of a short-term slowdown. NAR’s pending home sales index declined by 2.6 percent last month compared to September,

Real Estate in Brief: Home price cuts, green mortgages and more

Nearly one third of homes for sale experienced a price drop of more than 1 percent this October, according to report by real estate brokerage Redfin. The report foreshadowed a market cooldown, finding October’s decline in home prices to be the largest

Miami affordable housing bill passes first hurdle

A preliminary measure to introduce an innovative, though limited, inclusionary zoning policy in downtown Miami received unanimous approval from members of the City Commission in a Nov. 15 vote, the Miami Herald reported. That pushes forward a measure that,

Fannie, Freddie loan limits increase for third-straight year

The Federal Housing Finance Agency, which oversees the federally owned mortgage corporations Fannie Mae and Freddie Mac, announced Nov. 27 it will increase its conforming loan limits for the third consecutive year in 2019. After not changing the limits

Guaranteed Rate expands in Hawaii with local acquisitions

Independent mortgage lender Guaranteed Rate announced Nov. 27 that it would expand its presence in Hawaii with the acquisition of assets and staff from local lenders including Honolulu HomeLoans (HHL) and Hawaii Lending Alliance (HLA). The company said it

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Real Estate in Brief: New task force on housing affordability, brokerage expansions and more

One of the largest residential real estate brokerages in the U.S., Berkshire Hathaway HomeServices, will open more international franchise locations throughout Europe and the Middle East. According to Bloomberg News, BHHS will partner with London franchisee Kay & Co.

Case-Shiller: Sept. home price growth slowest in nearly 2 years

The latest reading of the U.S. housing market — the S&P CoreLogic Case-Shiller Home Price Index for Sept. 2018 — showed yet another sign of sluggish price growth. S&P’s key 20-city composite index showed that home prices in the

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Federal regulators propose loosening home appraisal rules

A joint proposal by three federal agencies released Nov. 20 could speed up an estimated 40 percent of residential real estate transactions in the U.S. by changing requirements surrounding appraisals. Under the proposed rules, certain residential real estate transactions

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MLS, brokerages evolve their stance on private listings

There is a growing trend throughout several markets involving property listings that don’t appear on that market’s multiple listing system. The idea around private listings, or pocket listings, office exclusives or a number of other names, has been known

Kurz Real Estate adds broker Andrew Becerra

Kurz Real Estate announced Nov. 20 that Andrew K. Becerra, Jr. will join its team of nearly 100 agents serving the South Florida market. Becerra comes to Kurz from the Miami Luxury Homes Group at Douglas Elliman.  “After almost

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