News / Features

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

Realogy, Keller Williams are latest to test iBuyer service

More national brokerages have announced plans to join other real estate firms like Zillow and Opendoor in piloting an instant-offer home listing service, often known as iBuying. On Sept. 25, Realogy, which owns major residential brokerages like Coldwell Banker,

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NAR names new marketing, government affairs leaders

The National Association of Realtors announced new additions to the senior leadership staff of its marketing and government affairs divisions. According to an Oct. 2 press release, the association named Victoria Gillespie as chief marketing and communications officer, effective immediately,

Fewer homes selling above list price since June

As home price growth slows, the percentage of homes that are going for above their asking price is decreasing. For the four weeks ending on September 23, Redfin found that only 22.9 percent of the homes sold for more than their asking

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