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The Saga Continues for NAR Sales Data Revisions

On December 21, as the year winded down and everyone began anticipating the holidays, the National Association of Realtors (NAR) quietly released a 14 percent downward revision to its existing-home sales, reversing data going back to 2007. Though the

Century 21 Premier Elite Realty Adds Three New Associates

Century 21 Premier Elite Realty announced some new additions to its team: sales associate Ireri Arreola Torres and Realtor associates Heather Undorfer and Judith M.

Pending Home Sales in Miami Start the Year Right

The new year is often a time for resolutions, for looking forward, for increased expectations – and thanks to new Miami sales data for the month of November, those fresh outlooks will be easy to attain. According to new

Fed Outlines Potential REO Conversion Program

REO inventories, and the supposed plan on what to do with them, have attained a near-mythical status in recent months. Every month or so, we publish a story on recommendations from the National Association of Realtors, local attempts to

Location and Quality Go Hand-in-Hand for Homebuyers

News flash: homebuyers care about the perceived quality of a property. Though hardly news to agents, the 2011 National Association of Realtors Profile of Home Buyers and Sellers, just released in November, found that 67 percent of homebuyers decided

Correspondence from the Upcoming Downpayment War

Down payments can make or break a housing contract, and recent data from LendingTree, which reports that the average down payment on homes is just 12 percent, would appear to be welcome news. After all, high down payments and

Could Sellers be the Faulty Factor in the Housing Recovery?

Everyone has a hypothesis on what specific factor is prohibiting housing from a true, sustainable recovery. Typically, such hypotheses feature a stock list of usual suspects – excess inventory, REOs and foreclosures, vacant properties, unreasonably tight financing and contract failures. An academic

Construction Spending Exceeds Expectations

Construction spending in November exceeded economists’ predictions and rose 1.2 percent from October to $807.1 billion, according to new data from the U.S. Census Bureau of the Department of Commerce. All in all, construction spending was positive across the

Date Set for the Fannie/Freddie Fee Hike

Numerous disagreements swirled around Congress’ passing last month of the payroll tax cut extension, but none proved more controversial with real estate professionals than the agreed funding method for the tax cut – and now a date has been

What if Home Values Kept it Real?

After a strong summer, home values have been charting a rough course in recent months. Between CoreLogic’s HPI, LPS’ home price index and Radar Logic’s RPX, home values in the most recent data sets declined between 1 and 2

FHA Continues Home Flipping Embrace

The Federal Housing Administration (FHA) has renewed a waiver for an anti-flipping regulation through 2012, according to a press release just issued by the agency. Originally passed to limit home flipping – the housing strategy of buying cheap properties

Pending Home Sales at Highest Level in 19 Months

The National Association of Realtors’ (NAR) Pending Home Sales Index, a measure of housing contracts for pending sales, rose 7.3 percent in November to its highest level in 19 months, according to a new press release from the association.

Case-Shiller Posts Second Straight Month of National Declines, 1.2 Percent for Miami

Standard & Poor’s released the latest results of its influential Case-Shiller Home Price Indices just moments ago for the month of October, and like the previous collection of data, it shows both monthly and year-over-year declines for housing values

Happy Holidays from Miami Agent!

Miami Agent will be taking a brief break next week, but we’ll be back the first week of January to continue bringing you the most timely, invaluable real estate news around. Happy

Competing Price Indices Anticipate Case-Shiller Decline

Standard & Poor’s will release the latest batch of Case-Shiller Home Price Indices next Tuesday, and several of the other competing price indices have some analysts projecting the second negative month in a row for the Case-Shiller, which remains

Affordability and Refinancing Remain Paths of Opportunity

Affordability is a main feature of today’s market, as depressed prices have produced one of the most accommodating buyer’s markets in recent

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