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South Florida Residential Construction Activity Up 79 Percent

The construction industry is one of the inarguable success stories in 2012’s housing recovery, and nowhere is that more true than in South Florida. According to a new report from McGraw-Hill Construction, residential construction in the South Florida market

What is Walmart’s Impact on Home Prices?

Walmart is many things to many people – discount chain, multinational corporation, grocery store, and, of course, arbiter of pollution, low-wage jobs and traffic. But a new study from a duo of economists has put a new, interesting perspective

159 Percent More Buyers Interested in Foreclosed Properties

A new survey by Realtor.com has found that prospective homebuyers are more interested in foreclosures than ever before – and in a major way. Since October 2009, homebuyer interest in foreclosures has risen by an incredible 159 percent, which

Do Mortgages Come in Bulk at Costco, Too?

Costco, the popular warehouse club chain, is a great place for food, office supplies, clothing and…mortgages? Yes indeed – Costco has partnered with First Choice Bank and 10 other lenders to offer home purchasing and refinancing products through its

6 Causes For Optimism On Pending Home Sales

New pending home sales data from the National Association of Realtors is reporting a 14.4 percent increase from April 2011. The data, which is gleaned from the Pending Home Sales Index, was down monthly by 5.5 percent after three

4 Things YOU Should Know About Copyrights on the MLS, with Debra Boza-Valledor, COO and Chief Marketing Officer for MAR

The First Multiple Listing Service (FMLS), a 55-year-old MLS that serves more than 30,000 agents throughout Georgia, was in the news last weekwhen Lane Bailey, a Realtor in the state, discovered that when uploading photos to FMLS, agents and photographers

The 5 Most Important Details of CoreLogic’s Lawsuit Against Redfin

CoreLogic filed a patent-infringement lawsuit against Redfin late last week, alleging that a new home price tool the online brokerage released in March violates an existing patent. A home price estimator, Redfin’s Home Price Tool was designed to give

$25 million Condo Sets Sales Record For Miami County

A three-story penthouse in the Miami luxury condominium development, Continuum, sold for $25 million, breaking countywide condo sales records. The unit, which takes up the 40th through 42nd floors of the development’s south tower, features 25-foot ceilings, five bedrooms

2.5 Percent Increase For Miami’s Home Values in Latest Case-Shiller

Home values nationwide have began to stabilize in S&P’s latest Case-Shiller Home Price Indices, and the market in Miami is leading the charge to recovery. From February to March, prices rose 0.9 percent in Miami, while nationally, prices were

ISG Promotes Pintos to Executive Vice President

International Sales Group (ISG) has promoted its partner, Sergio Pintos, to Executive Vice President May 29, according to an issued press release. Pintos served as senior vice president of sales at ISG before stepping into his new role, and

8 Reasons to Jump for Joy on Housing

It’s no mystery that housing has been on a bumpy path since 2007, but the past month, a wide range of data has come out all but endorsing a new housing recovery. From home sales, to interest rates, to

The 4 Most Prominent Arguments Against Syndication

Internet syndication has changed the real estate industry as we know it, but that doesn’t mean that all brokerages want to use it. Edina Realty, the Twin Cities-based brokerage that famously pulled its listings from Trulia, was in the

5 Months in a Row for Miami Home Price Increases

With yet another month of median price increases, April marked a five month long stretch of home price increases for Miami. Condos led the way with an incredible 30 percent year-over-year increase. Single-family home prices also posted strong yearly

10 Things You Didn’t Know About NAR’s Purchase of 437 N Rush in Chicago

The National Association of Realtors (NAR) announced earlier this week its purchase of 437 N Rush, a two-story building that borders the west side of the association’s Chicago headquarters off Michigan Avenue. NAR will now own the entire block

3 Ways to Ensure a Smooth Appraisal Process

Appraisals – can’t live with ’em, can’t live without ’em. A topic we have covered numerous times, appraisals have been a consistent source of headaches for agents in the post-boom market, with contract failures a common result of the

7 Important Details of the NAR Credit Union Merger

The National Association of Realtors announced this week the merger of its Realtors Federal Credit Union (FCU) with the Northwest Federal Credit Union. The end result of a nine-month inquiry by Bob Goldberg, the senior vice president for sales, marketing,

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