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Coldwell Banker’s Team JK joins Compass

Compass Florida has announced the addition of Team JK to their Fort Lauderdale office. Principal, Broker Associate of Team JK, and award-winning real estate professional Jonathan Keith will continue to lead the 17 agent team functioning out of Compass’

Miami leads the US in foreign-born homeownership rate

The United States currently has the highest percentage of immigrants since 1910 with 13.7 percent of the population being foreign-born. This has led to economic growth from 2011 to 2016 that accounted for much of the nation’s post-recession growth

Proposed amendments on Florida ballot impact homeowners

In Florida and throughout the nation, voters heading to the polls on or before Nov. 6 will be voting in one of the most anticipated midterm elections in recent memory. Races for governor, senator and other offices promise to

Real Estate in Brief: Americans still want their dream home, foreclosure rates shrink and more

Americans are fixated on owning their dream homes despite the current housing market trends, a new survey from the PenFed Credit Union National Mortgage Survey revealed. Over the next two years 37 percent of adults and 52 percent of

Zillow: Younger Americans more likely to use money for down payment over renovations

Two-thirds of homeowners would prefer to renovate their current home rather than make a down payment on a new one, according to a new report from Zillow. Overall, it seems that homeowners are happy with their current homes, with

Rising home values can help homeowners, but it may cost them

Thanks to rising home values, more American homeowners are looking to tap into home equity that continues to grow, according to a recent survey conducted by Bankrate.com and research firm GfK f. But even though leveraging home equity into

This week in Miami real estate: Second homes, high-rises and more

Second vacation homes can provide you with more than just luxury, but profit too if you know where to buy from. Realtor.com compiled a list of the top 10 most profitable markets for vacation homes, ranking the markets where sellers are making the largest profits.  Two Florida cities ranked on Realtor.com’s list, with

Award-winning luxury agent Barbara Estela joins ONE Sotheby’s International Realty

ONE Sotheby’s International Realty announced luxury agent Barbara Estela as their newest addition to their Coral Gables office firm as a global real estate advisor. Working within Miami’s most exclusive zip codes, Estella brings over a decade’s worth of expertise to the ONE team.   “We are thrilled

Real Estate in Brief: Zillow lawsuit tossed, Trump tax evasion and more

After almost five years of record-low inventory and record-high prices, prospective homebuyers are finally experiencing some relief. Realtor.com released their September housing report which revealed that new listings to the housing market saw an 8 percent increase over this time last year. With 465,000

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Hugh Frater announced as Fannie Mae interim CEO beginning next week

Fannie Mae named Hugh Frater as the interim CEO as Tim Mayopoulos announced he will step down Oct. 15. In July, Mayopoulos announced he would be leaving his position at the end of this year. Frater will serve as

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What keeps buyers from choosing new construction?

New construction homes continue to attract buyers, with an estimated 38 percent of all buyers considering a newly constructed home over the past year, according to a report released by Zillow Group. However, only 11 percent purchased one. Zillow

Real Estate in Brief: Reverse mortgages, annoying neighbors, and more

The Federal Housing Administration (FHA) issued this Friday a new policy that will be implemented on Oct. 1, requiring second property appraisal on loans previously indicated by the FHA as potentially having inflated property valuation from reverse mortgage lenders.

Mortgage fraud grows as home prices and demand increases

Instances of mortgage fraud risk grew 12.4 percent since last year, according to CoreLogic’s Mortgage Application Fraud Risk Index. Approximately one in 109 applications, or 0.92 percent, of all mortgage applications contained indications of fraud. This is up from

Lender sentiment slips amid growing competition and savvy borrowers

Heading into the end of a year filled with volatility, the mortgage lending industry continues to look at its present and future performance as a glass half-empty. According to the latest Mortgage Lender Sentiment Survey by Fannie Mae, the

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This Week in Miami Real Estate: Rental restrictions, agent moves and more

Miami and surrounding municipalities are joining a growing list of cities around the U.S. to institute more strict regulations on short-term home rentals like Airbnb. City officials for Miami Beach enacted a law in effect as of Sept. 22

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