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Real Estate Market Updates

Fitch: New U.S. Mortgage Delinquencies Slowing Down

Fitch\'s Delinquency Roll Rate index shows the rate of private-label new delinquencies trended down across all sectors, from 2.4% in 1Q13 and 2.2% in 2Q12 to 2% in 2Q13. Analysts credit home price ...

Posted at 2013-07-23 22:56:10 (continue reading...)

Home Price Boost Sends Sales Down in June

Existing-home sales fell 1.2 percent in June to an annual sales rate of 5.08 million as the price of a single-family home rose 13.5 percent from a year earlier—the strongest year-over-year gain sinc...

Posted at 2013-07-23 22:55:00 (continue reading...)

Report: Shadow Inventory Falls 34% from 2010 Peak

Fewer than 2 million homes remain in shadow inventory as of April, CoreLogic reported Tuesday. This puts shadow inventory at a supply of 5.3 months and represents an 18 percent year-over-year decre...

Posted at 2013-07-17 03:52:29 (continue reading...)

All Fla. public notices will now appear online

TALLAHASSEE, Fla. – July 2, 2013 – Effective yesterday, Florida newspapers that carry public notices must post those notices on their individual websites. That rule is in addition to postings on F...

Posted at 2013-07-05 17:15:00 (continue reading...)

Delinquency, Foreclosure Rates Decrease to Post-Crisis Lows in May

The national delinquency rate and foreclosure inventory rate each fell to post-crisis lows in May, Lender Processing Services (LPS) reported Tuesday. At 6.08 percent, the national delinquency rate ...

Posted at 2013-06-28 04:53:58 (continue reading...)

International House Hunters Maintain Activity in U.S. Market

While the level of search activity from international house hunters changed little year-over-year, Trulia found trends are changing among foreigners who shop for homes in the U.S. Among the home se...

Posted at 2013-06-28 04:52:44 (continue reading...)

CFPB Proposes Revisions to Mortgage Rules

The Consumer Financial Protection Bureau (CFPB) announced Monday proposed revisions to its ability-to-repay rule, mortgage servicing rules, and rules regarding consumer protections. “Today’s pr...

Posted at 2013-06-28 04:51:15 (continue reading...)

Existing-Home Sales Rise in May with Strong Price Increases

WASHINGTON (June 20, 2013) – Existing-home sales improved in May and remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier, according to...

Posted at 2013-06-21 00:42:29 (continue reading...)

CFPB to Grow Staff Over Next Two Years to Meet Goals

The Consumer Financial Protection Bureau (CFPB) plans to grow its staff in order to meet its strategic goals and stay in compliance with its mandate to protect consumers, according to a written testim...

Posted at 2013-06-21 00:37:56 (continue reading...)

Fla. home to 1/3 of all vacant U.S. foreclosures

IRVINE, Calif. – June 19, 2013 – As of June, the U.S. had 167,680 vacant homes that were in the foreclosure process but not yet banked owned – 20 percent of all U.S. properties that are somewher...

Posted at 2013-06-21 00:37:12 (continue reading...)

Radar Logic: Forces Driving Up Prices Are Temporary

Despite improvements in home values, Radar Logic continues to contend the factors underpinning the recovery will not lead to sustainable price gains. In March, Radar Logic’s home price index, whi...

Posted at 2013-06-16 23:48:51 (continue reading...)

Fitch Doles Out Upgrades But Insists RMBS Still Vulnerable

While perhaps not completely out of the woods yet, residential mortgage backed securities (RMBS) are on the mend with some improved performance of late, according to Fitch Ratings. An “improving ...

Posted at 2013-06-16 23:46:05 (continue reading...)

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 2013-06-16 23:43:52 (continue reading...)

Wall Street goes shopping in weak housing markets

NEW YORK – June 5, 2013 – The last time the housing market was this hot in Phoenix and Las Vegas, the buyers pushing up prices were mostly small time. Nowadays, they are big time – Wall Street b...

Posted at 2013-06-06 04:46:09 (continue reading...)

Analysis Finds 4.2M Homes at Risk of Storm Surge Damage

Over 4.2 million single-family residential properties across 19 states are at risk of encountering hurricane-driven storm surge damage, according to CoreLogic’s latest storm surge report. Th...

Posted at 2013-06-06 04:42:11 (continue reading...)

Radar Logic: Forces Driving Up Prices Are Temporary

Despite improvements in home values, Radar Logic continues to contend the factors underpinning the recovery will not lead to sustainable price gains. In March, Radar Logic’s home price index,...

Posted at 2013-06-06 04:38:44 (continue reading...)

CoreLogic Analyzes Geography of New Home Sales Rebound

New home sales have seen a slow recovery since reaching a trough in 2011, but the recent pickup demonstrates how underlying economic fundamentals are improving, CoreLogic says in its May MarketPul...

Posted at 2013-06-01 06:42:31 (continue reading...)

RCO Legal, Johnson & Freedman Join Legal Operations - DSNews

RCO Legal, P.S., a mortgage default and foreclosure-focused law firm based in Bellevue, Washington, will join forces with Atlanta-based Johnson & Freedman, L.L.C., a law firm with a similar practi...

Posted at 2013-06-01 06:41:11 (continue reading...)

Analysis Finds 4.2M Homes at Risk of Storm Surge Damage

Over 4.2 million single-family residential properties across 19 states are at risk of encountering hurricane-driven storm surge damage, according to CoreLogic’s latest storm surge report. The...

Posted at 2013-06-01 06:35:19 (continue reading...)

Fannie Mae: Economy Will Reaccelerate in 2nd Half of 2013

Fiscal drags such as the sequester may have weakened economic momentum, but the economy should “reaccelerate” in the second half of this year as financial and housing conditions improve, according...

Posted at 2013-06-01 06:43:47 (continue reading...)

Stats Show Troubling Trends for Reverse Mortgages

While reverse mortgages can be a boon to seniors as they head into retirement, a new report from the National Center for Policy Analysis (NCPA) says recent trends show trouble in the market that m...

Posted at 2013-06-01 05:57:33 (continue reading...)

CoreLogic Analyzes Geography of New Home Sales Rebound

New home sales have seen a slow recovery since reaching a trough in 2011, but the recent pickup demonstrates how underlying economic fundamentals are improving, CoreLogic says in its May MarketPul...

Posted at 2013-06-01 05:52:48 (continue reading...)

RCO Legal, Johnson & Freedman Join Legal Operations - DSNews

RCO Legal, P.S., a mortgage default and foreclosure-focused law firm based in Bellevue, Washington, will join forces with Atlanta-based Johnson & Freedman, L.L.C., a law firm with a similar practi...

Posted at 2013-06-01 05:45:56 (continue reading...)

Fannie Mae: Economy Will \'Reaccelerate\' in 2nd Half of 2013

Fiscal drags such as the sequester may have weakened economic momentum, but the economy should “reaccelerate” in the second half of this year as financial and housing conditions improve, according...

Posted at 2013-06-01 05:29:12 (continue reading...)

Homeowners dismayed as property investors bring in renters

PALM BEACH, Fla. – May 2, 2013 – The fragile sense of community in homeowner Bryan Melzard’s neighborhood – the impromptu chats on the sidewalk, shared gripes about overzealous condo commandos...

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

Existing-Home Sales Constrained by Tight Supply in May, Prices Continue to Gain

WASHINGTON (June 21, 2012) - Limited supplies of housing inventory held back existing-home sales in May, but sales maintained a strong lead over year-ago levels and home prices are on a sustained uptr...

Posted at 2013-05-23 04:58:00 (continue reading...)

Realtors® Ready to Drive Real Estate Issues Home in Nation\'s Capital

WASHINGTON (May 14, 2012) - Realtors® from across the country are meeting with legislators, public policy makers and industry leaders this week to address pressing concerns and issues that affect hom...

Posted at 2013-05-23 04:57:10 (continue reading...)

Half dozen offers pending for 700 Brickell site

Although the deadline for bidders on the 700 Brickell Ave. site is Wednesday at 5 p.m., about a half dozen eager suitors have offers on the table, owner representative CBRE said. Robert Given, Vice C...

Posted at 2013-04-25 05:02:44 (continue reading...)

Federal mortgage modification program falling short, study says

The taxpayer funded program to modify mortgages impacted by the housing meltdown hasn’t been nearly as effective as intended, a new federal report says. The report by the Special Inspector General ...

Posted at 2013-04-25 05:01:37 (continue reading...)

Matt Damon latest A-lister to make Miami Beach move

Actor Matt Damon has listed his dual-lot estate at 6020 and 6030 N. Bay Road. Asking price: $20 million. The 9,500-square-foot, seven-bedroom, 10-bathroom residence has a home theater, private terrac...

Posted at 2013-04-25 04:59:31 (continue reading...)

Florida Realtors News – Home prices: Biggest rise since housing bubble

Home prices continued their recovery, rising 8.1% in January, although a separate report showed a slight slowdown in new-home sales. The S&P Case-Shiller index, which tracks the 20 largest markets ...

Posted at 2013-04-17 01:03:47 (continue reading...)

Florida Realtors News – Housing starts surpass 1 million in March

WASHINGTON (AP) – April 16, 2013 – U.S. homebuilders broke the 1 million mark in March for the first time since June 2008. The gain signals continued strength for the housing recovery at the start...

Posted at 2013-04-17 00:57:51 (continue reading...)

Florida Realtors News – Housing recovery real say 71% of lenders

SAN JOSE, Calif. – April 10, 2013 – In its quarterly survey of U.S. bank risk professionals, FICO, a predictive analytics and decision management software company, found lenders more bullish on th...

Posted at 2013-04-17 00:55:45 (continue reading...)

South Florida Real Estate

Case-Shiller index: Home prices continue to strengthen Citizens launches True Cost Calculator Builders face lot shortages as demand for housing picks up Housing rebound: Broward home prices rise 23 pe...

Posted at 2013-03-28 01:06:31 (continue reading...)

Florida Realtors® receives national media relations honor

ORLANDO, Fla. – Feb. 28, 2013 – Florida Realtors’ Media Center website has earned national recognition for media relations. The site received Honorable Mention for Best Online Newsroom as one of...

Posted at 2013-03-28 00:04:10 (continue reading...)

Fla.’s housing market continues upswing in Jan. 2013

ORLANDO, Fla. – Feb. 21, 2013 – Florida’s housing market reported increased sales, higher median prices, more pending sales and the continued shrinking of inventory levels in January, according ...

Posted at 2013-03-28 00:02:44 (continue reading...)

Fla.’s housing market continues positive trends in Feb. 2013

ORLANDO, Fla. – March 21, 2013 – Florida’s housing market reported more closed sales, rising median prices, increased pending sales, more new listings and a reduced inventory of homes for sale i...

Posted at 2013-03-28 00:00:45 (continue reading...)

Florida Realtors receives two national PR awards

ORLANDO, Fla. – March 11, 2013 – Florida Realtors®’ “I Give Because …” campaign won in the Branding/Re-Branding category during an award luncheon today at the National Press Club in Washi...

Posted at 2013-03-27 23:59:17 (continue reading...)

Pending home sales slip on constrained inventory

WASHINGTON – March 27, 2013 – February pending home sales flattened with limited buyer choices, but remained at the second highest level in nearly three years, according to the National Associatio...

Posted at 2013-03-27 23:56:20 (continue reading...)