News / Features

California-Based Real Estate Firm Opens Ft. Myers Office

Lee & Associates, one of the largest full-service commercial real estate firms in the U.S., has announced the opening of its first Florida office. The office will be located in Fort

Has Repeal of Smart Growth Led to Dumb Growth?

The tides seemed to have changed. After operating under a 30-year growth management plan known as “Smart Growth,” Florida, under the urging of its governor, greatly reduced the law’s reach, claiming that greater freedom would spur growth in local

New Condo Towers Planned Despite 4,700 Empty Units

Developers have proposed 20 new condo towers in the tricounty region of Miami-Dade, Broward and Palm Beach counties, despite the approximately 4,700 existing units that remain unsold from the last real estate boom, according to a recent article from

650 West Palm Beach Condos Remain Vacant

Unsold condos from the last South Florida real estate boom in the downtown West Palm Beach and Palm Beach Island markets would take more than five years to sell out at the current sales pace, according to a new

Scientific Curiosity Fuels New Consumer Research Firm

Why do consumers make the choices they do? Why buy one jacket, but pass on another? Why invest in one bond, but not the latest Silicon Valley IPO? In the end, what governs reckless financial behavior, even at the

Low Credit Scores Hobble Prospective Homebuyers

There were many outcomes of the housing boom and bust cycle, but one of the more implicit has been lowering consumer credit scores, a detail that has posed problems for prospective homebuyers seeking a mortgage for their transactions. According

Competing Price Indices Post Seasonal Lulls

Two home price indices from CoreLogic and Lender Processing Services (LPS) both showed small declines in home prices for October, indications that the summer buying boom has concluded and home values are entering their seasonal lull. CoreLogic’s Home Price Index

Romney Wins HomeGain Survey Election

Real estate website HomeGain recently surveyed Realtors on a number of economic topics, and though most of the questions dealt with prices and home values, a question on political support yielded interesting results, according to a HousingWire piece on

Concerns Mount for FHA’s Finances

What originally began as a mere economic analysis by a University of Pennsylvania professor has quickly developed into an all-out inquiry into the financial solvency of the Federal Housing Administration (FHA), one culminating in testimonies and audits that put

Owning Becomes More Affordable Than Renting in 12 Cities

The Wall Street Journal‘s third-quarter survey of housing-market conditions showed that home prices have fallen so far that the monthly cost of owning a home is at the most affordable it’s been in 15 years. Additionally, as rental rates

First-Time Homebuyers Skittish on Ideal Market

Only 65.1 percent of U.S. households own homes, which is the lowest amount since 1996. A big reason for that decline, according to a new piece by the Associated Press (AP), is the relative absence of first-time homebuyers, a

Pending Listings in Miami-Dade/Broward Rise by Double Digits

Pending listings in the Miami-Dade and especially Broward counties posted double-digit increases in October, further evidence of the phoenix-like resurrection that is apparent in the Miami real estate market. For Miami-Dade, pending listings were up 10 percent year-over-year, and

Suburban Deterioration? Not So Fast

Suburbia has been taking a bit of flack, as of late. The New York Times, as highlighted by NewGeography, ran two op-eds this past weekend proclaiming the decline of suburban living. Urban theorist Chris Leinberger claiming that Americans were abandoning

A Knight’s Tale of Global Home Values

The Knight Frank Global House Price Index, a massive, wide-ranging collection of data that operates as a Case-Shiller-esque index for the global housing market, was just released by Knight Frank, and it offers some startling revelations on how housing

Foreclosure End Zones Reset — Again

Courtesy of a new report from Lender Process Services (LPS), the delinquency markets have yielded several batches of data this week, with some good, some bad, and some suggesting we still have a long way to go. The good

Construction Builds Upon Past Gains in October

Construction spending, driven by renewed investment in housing, rose in October for the third straight month, exceeding analysts’ projections and increasing by 0.8 percent, according to a Business Week article by Alex Kowalski. Riding on low interest rates, a

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