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Must-have kitchen designs for 2018

Many homeowners around the country have big renovation plans for 2018, and a number of them are eying the heart of their home: the kitchen. According to the 2018 U.S. Houzz Kitchen Trends Study, 87 percent of homeowners are making

This Week in Miami Real Estate: Ultra-luxurious amenities, Brightline launch and more

The waterfront Ritz-Carlton Residences, Miami Beach is set to open soon, and when it does, its residents will have a slew of luxurious amenities at their disposal. They’ll have typical — but still luxurious — amenities like a rooftop

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A quarter of homes in US sold above list price in 2017

Home sales in 2017 showed nearly one-quarter (24.1 percent) of buyers paid more than the asking price, netting sellers an additional $7,000 on average over their initial offering price. The share of homes selling above list price has grown

Demand for luxury homes slowed in 2017

The demand for luxury homes slowed nationally in 2017, a new report from realtor.com shows. While sales in the upper tier remain strong, activity in the overall housing market exceeded the pace of luxury home sales across the country.

Virtual reality revolutionizing real estate for homebuyers

Virtual reality is the next revolutionary topic for 2018 in the world of real estate, Coldwell Banker found in a recent survey of 3,000 homebuyers. The new survey, conducted by Harris Poll, showed the desire for VR home tours,

How buyers are financing their homes

Across the country, both home prices and demand for homes grew in 2017, driven by low inventory. As supply and affordability can be a hurdle for some homebuyers, many are still optimistic about their ability to receive financing even

Fannie Mae: Buyer confidence falls at the close of 2017

The number of Americans who feel confident enough to buy or sell fell significantly in December 2017, undoing the previous month’s increase in confidence. According to Fannie Mae’s monthly Home Purchase Sentiment Index, which surveys 1,000 consumers about a

Credit scores decreasing for millennial homebuyers

Credit scores among millennial homebuyers declined slightly from November 2016 to November 2017, according to Ellie Mae’s most recent Millennial Tracker report. The decrease in average credit scores of closed loans to millennials was most apparent for FHA and VA loans.

NAR reveals Realtor confidence in the 2018 housing market

The Realtors Confidence Index from the National Association of Realtors (NAR) shows that Realtors are confident about what’s to come in the first half of 2018. On a scale of 1 to 100, the report measures NAR members’ housing

Consumer bureau rolls back expected HMDA regulations for 2018

Mortgage lenders who were concerned about increased regulation and compliance in 2018 with the Home Mortgage Disclosure Act no longer need to worry. Under the new rules announced in 2015, lenders would have needed to provide significantly more information

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This Week in Miami Real Estate: Cold temps, 2017’s biggest sales and more

While Miami-area residents are ringing in the new year with cold temperatures not seen in years and lizards (almost) literally falling from the sky, the industry is reflecting on the year that has passed. The biggest Miami home sale

The number of renting households declined for the first time in 14 years

While the number of renters now outpaces homeowners — with about one-third of the country’s population living in rentals — 2017 saw the first year of a slight decline in renting households since 2004, according to a recent report from

Home prices projected to increase 4.2 percent by November 2018

Home prices are up both year-over-year and month-over-month, according to CoreLogic’s Home Price Index (HPI) and HPI Forecast for November 2017. From November 2016 to November 2017, U.S. home prices increased 7 percent year over year. Month-over-month, home prices

Florida’s population growth in 2017 was second largest in US

If it seems to you like more and more people are moving to Florida, you would be correct — the state saw the second-biggest increase in population in the country last year, according to the U.S. Census Bureau’s national

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FHFA looks to update credit scoring, mortgage financing in 2018

The Federal Housing Finance Agency will be making changes as outlined in its 2018 Scorecard, which was released late last month. The scorecard highlights specific conservatorship priorities for Fannie Mae, Freddie Mac and Common Securitization Solutions (CSS). The three main

NAR: Millennials, silent generation are desiring walkable communities

While millennials are seen as the driving force behind the new trend in walkable communities, older generations also prefer to live in neighborhoods where they can easily get around on foot. According to the 2017 National Community and Transportation

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