Standard & Poor’s will release its much-followed Case-Shiller Home Price Indices tomorrow, and if any rival indices are an indication, it will most likely post year and monthly declines in home prices. Riding high on a summer buying mini-boom,

For years, renting was seen as the more cost-effective alternative to owning, and generally, the viewpoint made sense. Renting lacks the property taxes, upkeep and other fees that often come with owning a home, and the skyrocketing prices of

Year-over-year sales in Miami for both existing single-family homes and condominiums were sweet at oranges in September, rising 46 percent and 58 percent, respectively, according to new data from the Miami Association of Realtors (MAR). Statewide sales also posted

A new Senate bill introduced Wednesday hopes to add another factor in the underwriting process in the form of energy costs, according to a new report from Housing Wire’s Jon Prior. Introduced by Senators Michael Bennet (D-Col.) and Johnny

Miami-based Cervera Real Estate honored select associates last week at its quarterly top producer awards celebration dinner, which recognizes agents with outstanding sales performance from various South Florida

Paramount Bay, the swanky 47-story bay front tower, recently announced its new residential sales. To sell the tower’s 340 units, with prices beginning at $400,000, Paramount Bay has assembled an expert team of luxury real estate professionals to handle

The Federal Housing Finance Agency (FHFA), the government body that oversees federal lenders Fannie Mae and Freddie Mac, has ordered the two financial bodies to phase out their network of foreclosure attorneys in the wake of the robo-signing foreclosure

After increasing almost 8 percent in August, existing-home sales fell back to earth in September, decreasing 3 percent from August but retaining strong year-over-year gains, according to new data released by the National Association of Realtors (NAR) today. Total sales

Who knew something so popular could receive such scorn? Since mid-September, when the mortgage interest tax deduction (MID) was floated as a possible casualty of the Congressional “Super Committee” charged with lowering the federal deficit, the famous deduction has

Freddie Mac Chief Economist Frank Nothaft released the October 2011 Economic Outlook yesterday, reporting a decrease in homeownership but increase in rental demand.   On one hand, Nothaft reported an increase of 1.4 million households that have moved to

Miami is poised to see its first high-rise condominium development since the housing bust in 2008, according to a Miami Herald report. Developed by Newgard Development Group, the $170 million, 46-story tower will house 374 residents in a number of

The Federal Reserve approved a new policy on Monday that aims to clarify how larger financial institutions would handle another systemic shock to the banking sector, though some critics still say the new policy falls short. The plan, which

The U.S. Census Bureau and the Department of Housing and Urban Development announced new data for construction earlier today, the most notable being that housing starts rose 15 percent from August to September. In total, privately-owned housing starts were

The past few months, media outlets have been awash with proposed remedies for falling home prices, but the latest solution comes from an unlikely source: short sales, home sales of distressed homes before they are repossessed and sold by

In an effort to better represent the financial stability of potential homebuyers, Fair Isaac Corp. (FICO) has announced a collaborative venture with CoreLogic to broaden the base of factors it utilizes when rating clients of Freddie Mac, Fannie Mae

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 18, an increase of four points from September to October, the highest monthly gain in 19 months. According to the National Association of Home Builders (NAHB),