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Existing home sales see first increase in six months

After six months of declines, existing home sales posted a month-to-month increase in October, according to the October report from the National Association of Realtors. Total existing home sales rose 1.4 percent from September to 5.22 million single-family homes,

Senators introduce updates to the Fair Housing Act

Senators Tim Kaine and Orrin Hatch have introduced a bipartisan bill that would expand the Fair Housing Act to include low-income families and veterans. The “Fair Housing Improvement Act of 2018” expands the anti-discriminatory language of the original law

October home building activity sends mixed signals

The most recent data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development on home construction activity sent mixed signals for next year’s homebuilding outlook. While the number of housing starts grew 1.5 percent

Nearly half of new homeowners face unexpected renovations

Whether hiring help or tackling a do-it-yourself project, home improvement is expensive, time consuming, and typically more than most have bargained for. However, homeowners are discovering that juggling home repairs are a lesser compromise when exchanging rent for mortgage payments.   The 2018 NerdWallet Home Improvement Report found that 44 percent

Real Estate in Brief: Colors that impact the price of your home, Americans using agents at all time high and more

Ultra Violet was named the 2018 color of the year by Pantone. However, brash colors outside the “thoughtful” purple shade are seemingly best avoided when selling a home.   “A fresh coat of paint is an easy and affordable way

Americans believe the housing market has cooled

Heading into the winter months, many Americans are seeing the housing market cool off. According to ValueInsured’s Q4 2018 Modern Homebuyer Survey, 75 percent of Americans believe their local housing market is cooling off. Additionally, 67 percent of those

This Week in Real Estate: Condo board accused of racism, new communities coming to South Florida and more

Nine former and current residents and employees have come forward with accusations of racial discrimination inside the Mirador 1000. Majority of allegations are against two board members who joined in 2016, Arianna Aguero and Silvia Merino. Seven black employees,

Robyn Tauber joins ONE Sotheby’s International Realty

Robyn Tauber has joined the Meryl Koslow Team at ONE Sotheby’s International Realty based in Fort Lauderdale.  Tauber has 35 years of high-end real estate experience, specializing in luxury residential and investment properties in South Florida. She previously was

Married couples, single females continue to dominate the housing market

Married couples continue to make up the majority of buyers, according to the National Association of Realtors’ 2018 Profile of Home Buyers and Sellers. Married couples accounted for 63 percent of all buyers this past year, while single females

Miami home market booms in Q3 despite Irma distortion

Miami home market was booming in the third quarter as both sales and median prices saw significant gains, according to the Miami Association of Realtors latest report. However, the association notes that third quarter sales from last year include

Real Estate in Brief: Amazon HQ2 split, baby boomers are retiring with more debt and less savings and more

Amazon announced that Long Island, New York and Washington D.C., Virginia will be the new locations of its second headquarters, ending the year long public contest. The company’s raffle attracted 238 candidates only to end in a surprise twist: the division of

Technology plays crucial role in customer mortgage satisfaction

Customers favor digital origination channels during the mortgage process and are more satisfied with mortgage companies that integrate technology, according to J.D. Power’s 2018 U.S. Primary Mortgage Origination Satisfaction Study. Last year, mortgage customer satisfaction declined with respondents indicating

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National Association of Realtors scores permit for headquarters renovation

The National Association of Realtors was cleared to add two new floors to their 12-story headquarters on Michigan Avenue in Chicago. The plan was first announced earlier this summer and NAR received its first construction permit earlier this month. The

Compass Florida names Alexandra Elfmont as director of operations

Alexandra Elfmont joined Compass Florida as director of operations, leaving her position as executive vice president at Engel & Volkers Miami. In this new role, a new one for Compass also, Elfmont will lead agent operations, product experts, listings

Real Estate in Brief: Tiny homes in big demand, technology makes for better customer service and more

Americans are discovering the big benefits of smaller living as CNN Business reported the growing demand for tiny homes. A recent National Association of Home Builders (NAHB) survey found that over half of Americans would consider living in home

Post-9/11 veterans struggle with housing affordability

With more than 20 million U.S. military veterans in the United States today, it’s important to recognize the specific challenges that they face when they reenter the job and housing markets as they return home. A new study from

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