The once highest priced listing on Sunset Island 1 was closed by ONE Sotheby’s International Realty for $19.8 million. This property, located at 1736 W 28th Street, is a historical property designed in

Freddie Mac released its Quarterly Product Transition Report today, and the report contained several findings on home refinancing, most notable that in the second quarter of 2011, fixed-rate loans accounted for about 95 percent of refinance

The Department of Commerce released data today on housing starts, showing a housing market  that, despite some low numbers, is showing signs of

The Federal Reserve Bank of New York today released its latest report on consumer credit, stating that credit continues to improve in the wake of the 2008 economic

The recent gymnastics on the Wall Street stock indexes has impacted businesses in America by varying degrees, and for Florida real estate, the outcome has been neither good or bad, but uneven – especially depending on whom you

During the housing boom of the mid-2000s, few states experienced the spectacular rise of Florida. Home values and housing starts skyrocketed, and many people – particularly in the mortgage broker industry – earned substantial incomes. When the market declined,

In an effort to combat the frequently negative reports on the U.S. housing market, the National Association of Home Builders (NAHB) is crafting a new index that emphasizes growing and positive aspects of the

America’s real estate market could be on an “unsustainable path,” faced with an oversupply of homes inaccessible to either renters or buyers. That’s what three Morgan Stanley analysts argue in a recent paper that outlines steps that can be

According to the Miami Association of Realtors, foreign investors are continuing to invest in properties in Miami-Dade and Broward County. This has increased home sales by 49 percent in the second

Standard and Poor’s Rating Services (S&P) recently downgraded Fannie Mae’s and Freddie Mac’s credit rating from AAA to AA+ because it’s linked to the long-term debt of the U.S. S&P previously downgraded the U.S.’s credit rating to AA+ as

According to data released by Zillow.com, home sales in Palm Beach, Broward and Miami-Dade counties rose 1.1 percent in the second quarter and Florida Realtors reports of condominium sales improving 14 percent. While that may be the case, data

Freddie Mac reported $27 million in expenses for maintaining and reselling REOs in the second quarter, as opposed to the $257 million reported for the previous

Despite the nation’s credit downgrade, the Federal Housing Finance Agency assured investors that securities issued by the Treasury and other government-sponsored enterprises (GSE) are still

After losing $8.7 billion in the first quarter, Fannie Mae has reported a loss of $5.2 billion in the second quarter. Fannie Mae still owes the Treasury $104.8 billion, but now the Federal Housing Finance Agency is requesting another

Earlier this year, Federal Housing Association (FHA) seemed to be in a steep hole when it came to the REO inventory. However, a recent report shows that FHA has sold a record number of REO in June, breaking the

The Market Composite Index shows that the measure of mortgage loan application volume has increased 7.1 percent this week, while similar numbers have moved up and down. According to Mortgage Bankers Association’s weekly applications survey for the week ending