Search Property

Real Estate Market Updates

FOMC Issues Mortgage Rate Warning

Despite concerns about rising mortgage rates and low inflation, the Federal Open Market Committee (FOMC) voted Wednesday to continue its policy of near-zero interest rates and its $85-billion-per-mont...

Posted at 2013-08-01 00:02:46 (continue reading...)

Foreclosures fall to pre-housing bust levels

The long national foreclosure nightmare is nearing its end, with foreclosure filings hitting their lowest level since before the housing bust. Total foreclosure filings, including notices of default,...

Posted at 2013-07-17 03:54:35 (continue reading...)

Report Suggests Relaxing HARP Rules to Help More Borrowers

If two tweaks were made to the Home Affordable Refinance Program (HARP), refinancing activity could increase “substantially,” according to a report from the Federal Reserve Bank of New York. De...

Posted at 2013-07-17 03:51:44 (continue reading...)

New rules boost homeowner association regulations

TALLAHASSEE, Fla. – July 2, 2013 – The recent housing downturn created some unexpected problems within Florida’s planned communities thanks to drops in home sales, developer bankruptcies and oth...

Posted at 2013-07-05 17:14:34 (continue reading...)

May home prices rise by 12.2% – most in 7 years

WASHINGTON (AP) – July 2, 2013 – U.S. home prices jumped 12.2 percent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening. Real estate d...

Posted at 2013-07-05 17:13:42 (continue reading...)

First-Time and Continuing Jobless Claims Drop

First-time claims for unemployment insurance dropped 9,000 to 346,000 for week ending June 22, the Labor Department reported Thursday. Economists expected 345,000 claims. Claims filings for the we...

Posted at 2013-06-28 04:53:26 (continue reading...)

Pending Home Sales Index Jumps in May

The Pending Home Sales Index (PHSI) rose 6.7 percent in May to 112.3, its highest level since December 2006, the National Association of Realtors, which compiles the index, reported Thursday. Economis...

Posted at 2013-06-28 04:50:39 (continue reading...)

What\'s Happening Beyond \'Recovery\' Headlines?

Industry indicators such as rising prices, increases in construction, and declines in the number of underwater homeowners tell a story of a broad housing recovery, but Harvard’s Joint Center for Hou...

Posted at 2013-06-28 04:49:58 (continue reading...)

Settlement Monitor: Servicers Need to Address Loan Mod, SPOC Issues

After testing compliance among the five servicers part of the $25 billion national mortgage settlement, monitor Joseph A. Smith concluded more work needs to be done since issues with the loan modifica...

Posted at 2013-06-21 00:41:10 (continue reading...)

Existing-Home Sales, Prices Jump in May

Existing-home sales rose a solid 4.2 percent in May to an annual sales rate of 5.18 million, the highest level since November 2009, the National Association of Realtors (NAR) reported Thursday. Eco...

Posted at 2013-06-21 00:38:38 (continue reading...)

Report: Shadow Inventory Looms Large for GSEs, HUD

Shadow inventory held by the GSEs and HUD “vastly” outnumbers REO properties the groups maintain, according to a joint report from the Office of Inspector General for the Federal Housing Finance A...

Posted at 2013-06-21 00:34:43 (continue reading...)

HUD and VA provide homes to 915 homeless Fla. vets

MIAMI – June 10, 2013 – About 915 homeless veterans living in Florida will soon find a permanent place to call home. U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and U.S. De...

Posted at 2013-06-16 23:50:53 (continue reading...)

Bay State Foreclosure Starts, Completions See Dramatic Declines in April

Massachusetts foreclosure starts and completions plummeted over the last year in April, the Warren Group reported. For the month, the number of foreclosure petitions, which mark the first step in t...

Posted at 2013-06-16 23:47:44 (continue reading...)

Incorrect, Outdated Information Most Common Issue on Credit Reports

While 22 percent of Americans admitted they have never checked their credit report, nearly a quarter also said they have encountered issues with their credit report, with incorrect or outdated negativ...

Posted at 2013-06-06 04:45:03 (continue reading...)

Farm Losses, Sequester Cut April Income, Spending Falls

Restrained by drops in farm income and sequester-driven cuts in government programs, personal income slipped $5.6 billion in April, while personal consumption spending dropped $20.5 billion, the Burea...

Posted at 2013-06-06 04:43:47 (continue reading...)

NAR: Metro Area Home Price Gains Stay on Course in Q1 - DSNews

Metro areas continued to post price gains in the first quarter, rising alongside national median price increases, the National Association of Realtors (NAR) reported. Out of 150 metro areas the...

Posted at 2013-06-01 06:39:30 (continue reading...)

NAR Reveals Forecast for Commercial Sector - DSNews

Although the multifamily sector leads the commercial real estate market in terms of performance, the National Association of Realtors (NAR) expects the apartment rental market to see its vacancy r...

Posted at 2013-06-01 06:37:49 (continue reading...)

NAR: Metro Area Home Price Gains Stay on Course in Q1 - DSNews

Metro areas continued to post price gains in the first quarter, rising alongside national median price increases, the National Association of Realtors (NAR) reported. Out of 150 metro areas the NAR...

Posted at 2013-06-01 05:41:32 (continue reading...)

NAR Reveals Forecast for Commercial Sector - DSNews

Although the multifamily sector leads the commercial real estate market in terms of performance, the National Association of Realtors (NAR) expects the apartment rental market to see its vacancy r...

Posted at 2013-06-01 05:38:42 (continue reading...)

First-time homebuyers may have to compromise

BOYNTON BEACH, Fla. – Jan. 10, 2013 – After about six months of looking, Richard Mallek and his wife, Susan, are ready to close on their first home, a three-bedroom sanctuary with old Florida char...

Posted at 2013-05-23 05:31:04 (continue reading...)

Squatters Cite Laws to Stay in Homes for Free

With the number of vacant homes dwindling, house squatters are getting bolder. They\'re moving into homes and staying for free, citing adverse possession law in some states, which allows a person to c...

Posted at 2013-05-23 05:00:16 (continue reading...)

Seeding a New Sales Cycle

When President George W. Bush in mid-February signed into law a $150 billion federal economic stimulus package, he gave the lenders in Beth Peerce’s Southern California market something they’ve ha...

Posted at 2013-05-02 00:09:09 (continue reading...)

Industry Watch: What Warren Buffet is Up to

Has Warren Buffett suddenly developed an interest in residential real estate brokerage? That\'s the question some industry observers have been asking since the nation\'s most well-known stock market g...

Posted at 2013-05-02 00:07:58 (continue reading...)

Condo residents find way around pet-free buildings

MIAMI (AP) – April 23, 2013 – A dogfight is developing in some pet-free condominium complexes across South Florida. The reason? A loophole that allows pets if residents can get them classified ...

Posted at 2013-04-25 05:04:39 (continue reading...)

Foreclosure capital: Florida leads states, Miami leads cities

MIAMI – April 11, 2013 – Florida is the nation’s foreclosure state, and Miami is the foreclosure capital. The greater Miami area posted the highest foreclosure activity of any large city in t...

Posted at 2013-04-25 05:03:33 (continue reading...)

Miami single-family, condo median pricing continues climb

The Miami median sales price in March jumped 25 percent for single-family homes and 19 percent for condos, on a year-over-year basis, according to a new report. The growth means that pricing has been...

Posted at 2013-04-25 04:57:04 (continue reading...)

Leasing Activity Surges 26% In Greater Downtown Miami In Q1 2013

Leasing activity in Greater Downtown Miami increased by 26 percent in the first quarter of 2013 on a year-over-year basis compared to the same January through March period in 2012 even as the median r...

Posted at 2013-04-17 01:07:26 (continue reading...)

Industrial construction in Miami-Dade on the rise

After several years of almost no new industrial construction in Miami-Dade County, more than 1.2 million square feet of industrial space is now in development, World Property Channel reported. Althoug...

Posted at 2013-04-17 01:06:15 (continue reading...)

Field Guide to Green Homes & Green Mortgages

The green movement is here to stay, and nowhere is this more apparent than in the housing market. Find out the latest trends, statistics, reports and resources as well as information on green mortgage...

Posted at 2013-04-17 00:59:50 (continue reading...)

Foreclosure capital: Florida leads states, Miami leads cities

MIAMI – April 11, 2013 – Florida is the nation’s foreclosure state, and Miami is the foreclosure capital. The greater Miami area posted the highest foreclosure activity of any large city in t...

Posted at 2013-04-17 00:54:03 (continue reading...)

Fernando I. Martinez Installed 2013 Residential President of the MIAMI Association of REALTORS

Miami, FL – The Miami Association of REALTORS, the largest local Realtor association in the nation, has elected as its 2013 Residential President Fernando I. Martinez, FM Realty Corp. He and the en...

Posted at 2013-03-28 00:32:38 (continue reading...)

Judith C. Baker Installed 2013 President of the Broward Board of Governors of the MIAMI Association of REALTORS

Miami, FL – The MIAMI Association of REALTORS (MIAMI) has elected Judith C. Baker, CRB, SFR, Prudential Florida Realty, 2013 President of the Broward Board of Governors. She and the entire Board of...

Posted at 2013-03-28 00:31:22 (continue reading...)

Miami Association of Realtors Launches Full-Service Real Estate School, Offering Affordable Pre and Post Licensing in English and Spanish

Miami, FL - The MIAMI Association of Realtors (MIAMI), the largest local Realtor association in the nation, has launched the South Florida Real Estate School, a full-service real estate school with to...

Posted at 2013-03-28 00:29:59 (continue reading...)

Visa program boosts commercial, helps international

MIAMI – Feb. 15, 2013 – One U.S. visa, the EB5, does more than grant entry to a foreign national. Because it applies only to potential residents who can afford a $500,000 business investment, it...

Posted at 2013-03-28 00:25:12 (continue reading...)

Short sale workshop slated for Miami

MIAMI, Fla. – Feb. 12, 2013 – On Wednesday, Feb. 27, 2013, The Treasury Department will host a short-sale seminar for real estate pros in Miami from 9 a.m. to 11 a.m. The session will cover the Tr...

Posted at 2013-03-28 00:15:35 (continue reading...)

Short sale approvals pre-default are on the rise

MIAMI – March 1, 2013 – Banks are increasingly willing to approve short sales before borrowers go into foreclosure, a bright spot for struggling homeowners hoping to escape an underwater mortgage ...

Posted at 2013-03-28 00:09:37 (continue reading...)

In post-Chavez era, Miami will remain a draw for Venezuelans

MIAMI – March 7, 2013 – Venezuelans have woven themselves into the fabric of South Florida’s business community for decades, but particularly over the tumultuous 14-year reign of President Hugo ...

Posted at 2013-03-28 00:02:46 (continue reading...)