News / Features
May brought some good news for the housing industry, with RE/MAX’s May housing report finding a 3.3 percent increase from April’s numbers, in closed transactions and a 3.7 percent price increase, according to Housing
A new study from National Association of Home Builders found that approximately 71 percent of the 2,000 voters supported the mortgage interest deduction, according to National Mortgage
The top performing real estate markets are demonstrating signs of improvement, with proven quarter-over-quarter property price gains tracked in this month’s Home Data Index Market Report from Clear Capital. Miami is among the seven highest performing major housing markets,
In an effort to embrace trending preferences toward the use of the internet, real estate professionals have increased their online marketing budgets by 27 percent, according to Real
In the South Florida market, a three-year supply of condominiums are vacant and without owners, the National Mortgage News
With fluctuations in the housing market, many may assume that brokers’ salaries are also booming and busting depending on sales; however, Real Trends found that average commissions jumped from low levels of 5.02 percent in 2005 to 5.40 percent
Over 5,000 condos have been built during the housing boom by the Related Group of Florida. After finishing construction on the new residences, “condo king” Jorge Perez of Related Group is planning a comeback involving a number of new
Martin Gruenberg, current vice chairman of the Federal Deposit Insurance Corp., is expected to replace current chair of the regulator, Sheila Bair at the completion of her term on July 8, due to a nomination from Obama said Housing
Green building trends in housing construction and remodeling are growing, and will only continue to increase in the future. According to Housing Wire, Harvey Bernstein, vice president, industry insights and alliances, McGraw-Hill Construction, noted that in 2010, a third
It is reported that property values might increase as Miami anticipates a large quantity of construction projects in late
Clear Capital’s monthly Home Data Index Market Report was released today, with the current results demonstrating that quarterly U.S. home prices decreased 2.3 percent; however, this is a sign of improvement in light of last month’s report marking a
In 2008, Fannie Mae and Freddie Mac received $164.4 billion from the Treasury Department; the mortgage giants pay a 10 percent dividend each quarter-leading to a first quarter payment of $12.4 billion from Fannie, and a $11.6 billion payment
Movoto statistics from May show that listing prices rose 2.5 percent since April in 16 major metropolitan areas, establishing an average median listing price of $246,000; inventory for May was also on the rise, with the market acquiring an
In the continually unpredictable market, mortgage applications fell .04 percent in the beginning of June/end of May, said Housing
Any adjustments in real estate will impact the sensitive market, but some real estate professionals worry that the widely debated QRM proposal, which requires 20 percent down on all mortgages, will be “detrimental to the housing sector,” said Agent
With so many recent foreclosures, it’s no surprise that homeowners are going through hard times, but in South Florida, Bank of America made a unique mistake–mistakenly foreclosing the home of Warren and Maureen Nyerges in February of 2010, said
