News / Features

Negative Homeowner Equity Declines Slightly

CoreLogic released its third quarter negative equity report yesterday, and it revealed an interesting paradox in housing for 2011 – though prices resumed their downward trend in the third quarter, and investment remains sluggish, negative equity is still declining,

The Arrival of the Hispanic Homebuyer

Hispanic households made up more than half 0f the U.S.’ new household units in the third quarter, a strong indicator that a powerful group of buyers has emerged in the wake of the housing downturn. According to Census Bureau

Art Miami Partners with Luxury Real Estate Brokerage

Sotheby’s International Realty is the “official luxury real estate partner” of Art Miami, the city’s longest running contemporary art fair, which runs from Nov. 29–Dec. 4 this

Pending Home Sales Leap 10.4 Percent in October

The Pending Home Sales Index, a prospective data set compiled monthly by the National Association of Realtors (NAR), increased by 10.4 percent in October, rising from 84.5 in September to 93.3 last month. In addition, the index posted a

Are Veterans the Ray of Light for Shadow Inventories?

Ideas abound on how GSEs and private banks should deal with their backlog of distressed and foreclosed homes, a collection of properties known as the shadow inventory. From fire sales with investors to rental conversions, a new idea seems

Tough Financing Continues to Hold Back Housing…or Does It?

Financing has been one of the main talking points since the housing downturn began in early 2007. Potential buyers, we are told by numerous outlets and trade groups, are unable to secure valid financing for homes because of stingy

Genting’s Extravagance Draws Legislative Doubt

At the first debate over the resort casinos bill, Colin Au, head of Genting Americas, made some extravagant promises to Florida legislators. Au claims that the bill, which calls for three large resort casinos to be built in Miami-Dade

Case-Shiller Reports 0.7 Percent Decrease for Miami Home Prices

U.S. cities are reporting little change in prices in the latest Case-Shiller Home Price Indices, the monthly report by Standard & Poor’s (S&P) that is the leading measure of U.S. home prices. The newest report, which surveys home prices for the third

The PMI Group Files for Chapter 11 Bankruptcy

The PMI Group, one of the country’s largest mortgage insurers, filed Chapter 11 bankruptcy proceedings last week to an amount of $736 million in debts, according to a HousingWire piece on the development. The bankruptcy filing is intended to

New Home Sales Edge Upward in October

New-home sales rose slightly in October by 1.3 percent to a seasonally adjusted annual rate of 307,000, according to new data from the Commerce Department released this morning. The data, which represented a 4,000-unit increase from September, beat economists’

Growth and Gains Observed in the FDIC’s Third Quarterly Report

Financial institutions insured by the Federal Deposit Insurance Corp. (FDIC) displayed positive gains on lower loan-loss provisions in this year’s third quarterly report; 63 percent of the FDIC’s client banks reported higher earnings, according to FDIC data cited by

Housing Recovery in Sight, but Further Down the Road

According to a survey by Reuters of economists and housing analysts, U.S. home prices will begin to improve in 2013, only after another year of stagnant recovery in 2012.  The survey polled 27 economic analysts between November 17 and

Turkey, Stuffing and Open Houses!

Thanksgiving is a time for family, community and scrumptious dining; or, if you’re an agent, a great time to list and sell properties! A new story in The Los Angeles Times by Lauren Beale has spotlighted several agents off the

Not-So-Super Committee Puts Housing Cuts in Limbo

The Super Committee, the congressional panel charged with cutting $1.2 trillion from the federal budget, failed to meet a deadline this week, casting government budget conflicts and housing-related cuts in further distress. Though the cuts would not be scheduled

Homes Sales Showing Signs of Slow Down in South Florida

South Florida home and condo sales have been the talk of the town this year, surpassing the expectations of analysts and shattering the records of the housing boom; but 2011’s record sales have dwindled in the past couple of

Housing Affordability Only Improves in Latest NAHB Index

Housing affordability displayed slight improvements in the third quarter of 2011, with interest rates at their lowest levels and  affordability near the highest levels it has been in over twenty years, according to the National Association of Home Builders

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