News / Features

Penthouse Sells for Highest MLS Recorded Price-per-Square-Foot

At nearly $1,020 per square foot, the $3.25 million sale of the Jade Ocean penthouse set the bar high for properties in Sunny Isles Beach, as the highest ever MLS-recorded-price-per-square-foot home; sold by MC2, the 44th and 45th floor

Bill May Narrow FHA Loan Availability

The “FHA-Rural Regulatory Improvement Act of 2011,” a draft bill proposing a minimum down payment of 5 percent, an increase over the current 3.5 percent down payment required to be able to take out a FHA-backed loan, will be

Social Media Platform Optimizes Real Estate Marketing

Miami-based social media marketing platform Esolist assists real estate professionals in selling properties, handling Facebook, Twitter, LinkedIn, and YouTube, all while driving more traffic and generating more leads, according to a press

Foreclosures Strain Market

The number of foreclosed homes is escalating — economists are projecting that selling the current amount of more than 872,000 bank-owned properties will take approximately three years; meanwhile, home values nationwide may fall another 5 percent by the end

Property Crimes Down 2.8 Percent

The Federal Bureau of Investigation (FBI) found that property crimes including burglaries, larceny/theft, and motor vehicle theft all decreased in 2010, with a decline of 2.8 percent in all city categories, according to

Governor Scott Passes Bill Regarding Reinsurance

On Tuesday, Governor Rick Scott signed a bill enabling home insurers to raise premiums up to 15 percent a year for reinsurance, according to the Sun

More Details About Realtor’s Murder in West Des Moines

The brutal murder of Realtor Ashley Okland in West Des Moines in early April remains unsolved, and now the disappearance of the 53 year old woman who reported the crime is keeping police on their

Know Before You Owe Project Proposes Altered Mortgage Document

“Knowledge is power” is the mantra implied by the Consumer Financial Protection Bureau’s (CFPB) newly pitched Know Before You Owe project. The project aims to consolidate two federally required mortgage disclosures (the Truth in Lending form and the Good

According to Survey, Housing Recovery Estimated to Occur in 2014

Out of a pool of 2,018 adults, 54 percent believe that housing recovery will not occur until 2014 at the earliest, and 45 percent said that the government is not doing enough to avoid foreclosures, demonstrated in the latest

Foreclosed Properties Used in Rental Scams

Rental scams have become a growing trend in Florida due to slow foreclosure process and lack of maintaining foreclosed

April Brings Slight Rise in Housing Listings

From March to April, nationwide housing listings typically increase by 5 percent (an average compiled from the last 28 years), according to Zelman & Associates; this year the monthly spike was measured at 1.1 percent in more than 140

HomeSteps- Incentives for Agents and Homebuyers

Freddie Mac will now be assisting homebuyers of REO properties with up to 3.5 percent in closing-cost assistance through their HomeSteps summer sales promotion. Agents will also benefit, receiving a $1,200 bonus for offers on eligible foreclosed properties, as

TransUnion Reports Improvement in National Delinquency Rate

Mortgage borrowers in the United States who are 60 or more days late on their monthly payments dropped to 6.19 percent for the first quarter in 2011, according to data released by the credit bureau of

Foreclosure Data May Become Public Information

Listings of loans which are delinquent by more than 30 days, those delinquent by more than 90 days, foreclosures, and an accurate portrayal of the mortgage market may soon be publicly available in accordance with Section 1447 of the

New NAR Policy Requires Brokers to Opt-in

The National Association of Realtors (NAR) established an “opt in” ruling for brokers who want their IDX listings displayed on national franchise websites; the vote took place on May 14 at the Midyear Conferences, and the newly approved vote

Two FDIC Lawsuits Seek Combined Total of $283 Million

The Federal Deposit Insurance Corporation has sued both CoreLogic, Inc. and Lender Processing Services, Inc. (LPS) for a combined total of approximately $283 million, according to

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