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News / Features

A year after TRID: Why some lenders still disapprove, and most borrowers don’t

When TRID came into effect in Oct. 2015, the big fear was a consumer-facing one. “TRID is going to delay loan closings,” the industry said. But it hasn’t – at least not for the majority. In Ellie Mae’s most

Why FICO is facing challenges – and how the mortgage landscape could change

In use for more than 25 years and the preferred credit scoring system for 90 percent of top lenders, the FICO Score has long been the dominant metric of creditworthiness for auto lending, credit card decisioning and, of course,

The future of Miami transportation – the TriRail, MiamiCentral and more

Miami is in the midst of a renaissance. Its international appeal is growing; its culture is expanding and better defining itself; and the city itself is growing to accommodate its new role as a global marketplace. A big part

Miami agents need to watch this demographic

Millions of Baby Boomers are planning move over the next several years – everyone knows this. But it could mean big things for agents working in Miami. There are three reasons most homeowners between the ages of 61 and 90 want

Your guide to Miami condos: what’s new, planned, and under construction

Over the next several years, Miami’s condo market, already nearing a full year’s supply, will get an injection of thousands of new units. And thanks to the Miami Downtown Development Authority’s 2016 Market Insights report, we now have a

Why 1 in 5 buyers say they’d purchase a home without seeing it in person

Last year, one in five homebuyers purchased a property sight unseen. According to a new survey from Redfin, that number is holding true this year, as well. This may be a trend agents should follow. Crissy Dyer is a

Eleven on Lenox Ocean-Inspired Beach Houses Launched by Shoma Group

South Florida’s leading real estate development firm, Shoma Group, has announced its first residential development in Miami Beach, Eleven on Lenox, located at 1030 15th Street, Miami Beach. Eleven beach houses will be built in one of South Beach’s most popular neighborhoods.

MIAMI takes new global partnership to Dubai

The Miami Association of Realtors is headed to Dubai to present at the 2016 Cityscape Global event, and its new global marketing partner Realopedia is tagging along. It’s the association’s latest move to help sell the South Florida real

HARP gets extension and FHFA announces new refinancing offering

The Home Affordable Refinance Program will not expire at the end of this year, as previously thought. The Federal Housing Finance Agency says it will continue through Sept. 2017. FHFA’s announcement comes alongside news that Fannie Mae and Freddie

The smart home gap: An opportunity for sellers

Many buyers want their homes to be outfitted with smart technology, but most homes don’t have it, according to a consumer survey from The Demand Institute. It’s an opportunity for sellers. Seventy-three percent of consumers agreed that having home automation

This week in Miami real estate: Flights open up to Cuba and Miami rents take a dive

Lots of interesting things happened this week in the world of real estate. Notable stories this week include the first commercial flight from the U.S. to Cuba in 50 year and the first full-service resort opening in Key Largo

New MIAMI partnership could bring wave of Chinese buyers

Thanks to the Miami Association of Realtors partnering with foreign listing portal Juwai, Chinese buyers will now have easy access to residential and commercial listings in the Magic City. “Miami is the city of the future,” said Teresa King

CC Homes bought 28 MiraLago home lots from Lennar Corp

CC Homes purchased 28 home lots in the MiraLago community in Parkland from Lennar Homes for $ 8.4 million. The property was sold to CC Homes, a joint venture between Armando Codina and James Carr. A $12.25-million mortgage was provided

Miami’s booming startup economy a good omen for agents

Not every real estate agent wants to retire an independent contractor, and not every homebuyer wants to live in a city that doesn’t foster entrepreneurs. Those things are easy to avoid in Miami, ranked in the top 5 of

Miami loan originations up 300%

Loan originations are up in Miami, which bodes well for the market after several months of declined sales. In the second quarter of 2016, mortgage lenders in the city counted 5,305 new loan originations, 13 percent more than last

Pending home sales rise to second-highest level since 2006

July marked the second highest reading in over a decade for pending home sales, with the Midwest being the only area to see a decline in contract activity during the month. The Pending home Sales Index (PHSI), which tracks the

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