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),

Budget reductions are a hot topic in Washington right now, and if two bills from the House and Senate are any indication, funds for the Department of Housing and Urban Development (HUD) could be in danger. HUD funds are

Housing inventories, according to data from the National Association of Realtors’ Realtor.com, are down 20 percent from last year to 2.19 million. That’s the lowest level since the site began tracking inventories in 2007, and it poses a unique

The National Association of Realtors (NAR) will release its existing home sales data on Thursday, and housing guru Tom Lawler is predicting a continuation of the sideways growth that has defined home sales for the last four months. Posted

A new report from luxury real estate office Douglas Elliman showed numerous gains in year-over-year data, including findings on pricing, sales and even encouraging signs for distressed properties, long an albatross for the Miami market. Total sales increased 4.6 percent

If only all potential homebuyers operated like the baby boomer generation – then business really would be booming! According to a national survey conducted by Coldwell Banker of more than 1300 of the firm’s agents, 87 percent of the

“Problem homes” – abandoned properties that have become havens for vagrants and drugs – are being torn down in South Miami in an effort to improve safety and curb illegal behavior. Part of the city’s Project Broken Window, the

Bank of America is offering distressed Florida homeowners a $20,000 incentive to short sale their homes – starting immediately. BofA hopes that by doing so, the number of foreclosure in the area, as well as the length of the

Price: $0.99 How it Works: The Mortgage Calculator Pro, one of the top 10 finance apps for 2010, is a quick and easy calculator designed for brokers, Realtors and homebuyers. Optimized for iOS 4 and Retina Display, Calculator Pro