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Existing-Home Sales Rise 4.2%, but Do Price Increases Pose Problems?

Though NAR’s latest existing-home sales report was, for all intents and purposes, quite positive, it reaffirmed that problems lie with inventory and prices. The latest existing-home sales report from the National Association of Realtors (NAR) was quite positive, with

Census Bureau: Housing Starts Soar 28.6 Percent in May

May was another sterling month for new construction, with housing starts rising by nearly 30 percent from the year before. The U.S.’ new construction marketplace continued to recover in May, with housing starts rising 28.6 percent year-over-year to a

Builder Confidence Hits Major Milestone in June

The National Association of Home Builders’ Housing Market Index hit a major milestone in June, passing the holy 50 threshold. June was a banner month for homebuilders, with the National Association of Home Builders’ Housing Market Index, the key

Has Housing Inventory Gone Up or Down in Miami in 2013?

Housing inventory seems to be picking up on the national stage, but what about specific metro areas, like our beloved Miami? The nation’s housing inventory has been one of the most hotly followed aspects of the housing market in

Young Americans Interested in Homebuying, Men More Likely Than Women

The latest Mortgage Marvel survey revealed that young Americans are interested in homebuying this year, and men are more likely to show interest than women. Even though mortgage rates increasing, it is not stopping young Americans from expressing an

Tom Salomone Elected VP of the National Association of Realtors

Greater Fort Lauderdale Realtors member, Tom Salomone, was elected the National Association of Realtors first vice president for 2014, according to the Sun Sentinel. Tom Salomone, a broker with Real Estate II Inc. in Coral Springs, was elected to

Despite Mortgage Rates Increasing, Buying is Cheaper Than Renting

Mortgage rates may have increased by 0.5 percentage points percent in the past month, but buying a home is still less expensive than renting. Even though there has been a recent increase in mortgage rates (the 30-year fixed rate

Economic Growth Expected to Gradually Increase This Year

The economic growth we’ve seen this year shows a slow but upward recovery in housing, exceeding the expectations of economists Economic growth is expected to gradually increase in the second half of 2013 and into 2014, according to the

Oscar Marti Joins Avanti Way Realty as new Brickell Office Manager and Team Building Director

Avanti Way Realty announced today that South Florida realty veteran, Oscar Marti has joined the firm. Marti has been named Brickell Office Manager and Team Building Director. Marti joins Avanti from Concierge Realty Group where he was Owner and

What Would Superman’s Fortress of Solitude Sell For?

“Man of Steel” is now in theaters, and we’ve got one question: how much would the Fortress of Solitude sell for? Superman is back and ready for action. In honor of “Man of Steel,” which opened at midnight and

Negative Equity Improves by Leaps and Bounds in U.S.

The negative equity situation continued to improve by wide margins in the U.S. housing market, according to CoreLogic’s latest research. The U.S. housing market’s equity situation continued to improve in 2013’s first quarter, with roughly 850,000 homes returning to

Don’t Fret – Rising Mortgage Rates are NOT the End the World

Though some headlines on rising mortgage rates have bared apocalyptic overtones, the housing market has some room to spare on rate increases. Mortgage have ticked up in recent weeks, and already, the doomsday headlines (many of them broadcasting the

Rising Prices Lead To Drop In Foreclosure-Related Home Sales

The housing market in Southern Florida has vastly improved and harried buyers are frustrated at the shortage of inventory. Foreclosure related sales make up about a quarter of the residential transactions in Broward County and Palm Beach County according

The Astor Companies Announces 59 Luxury Units For Sale

While hundreds of condos are selling under preconstruction, newly remodeled luxury units at Nordica Condominiums are available for immediate occupancy. With a lack of condos on the market in the downtown area, one of the city’s top developers, the

NAHB’s Improving Markets Index Expands to 263 Markets in June

The NAHB’s Improving Markets Index has grown by leaps and bounds in the last year, expanding by three-fold. The National Association of Homebuilders’ Improving Markets Index increased to 263 markets in June, with 29 new metropolitan markets, including Chicago,

Fannie Mae Study Finds that Renters Aspire to Homeownership

Fannie Mae finds that though renters are satisfied with their home arrangements, many still hope to achieve homeownership. Owning versus renting is one of the more common debates in real estate, and the latest research from Fannie Mae delved

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