South Florida Inventory Search

South Florida Inventory Search
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Tuesday, December 6, 2016

Tuesday, November 22, 2016

What will your money buy? – Miami Herald
This tool shows where you can afford a home and how school quality, safety and annual value growth compare.

Monday, October 31, 2016

2.5M foreclosed owners qualify for a mortgage again

Foreclosures, short sales and bankruptcies remain on a credit report for seven years, which means those black marks will fall off the credit files of 2.5 million consumers between June 2016 and June 2017. And most will then qualify for another mortgage.

Wednesday, October 26, 2016

Fannie and Freddie plan to streamline underwriting

Faster, easier, more efficient loan underwriting coming to the market next year.
South Florida real estate: Home prices keep rising | Miami Herald

As in many cities, the slowdown has hit South Florida luxury real estate harder than the rest of the market. Tight inventory for affordable homes is leading to bidding wars and escalating prices.


Read more here: http://www.miamiherald.com/news/business/real-estate-news/article110330127.html#storylink=cpy

Sunday, October 23, 2016

Single-family | Miami-Dade Broward Palm Beach County

September home sales slid across South Florida but median sale prices rose at double-digit rates in Miami-Dade, Broward and Palm Beach

Sunday, October 16, 2016

Wednesday, September 14, 2016

A generation of buyers is getting left behind

More residents, unable or unwilling to buy, are delaying home ownership, and this will negatively impact their net worth throughout their lifetime.

Friday, August 19, 2016

Baby boomers still dominate the housing market - Scotsman Guide

"How important is this generation to the housing market?

"We think they are very important. One way to think about it is that they are a quarter of the population, but they control about two thirds of the equity in single-family homes, about $8 trillion dollars. Each group is important in the economy, but these people are sitting on most of the housing wealth."
Areas hit hard by downturn now see highest gains

Wednesday, August 17, 2016

Fla. population expected to reach 20.7M this year

Florida's population grew 1.84 percent in the past year, trailing only North Dakota, Colorado and Nevada as the fastest-growing states.

Saturday, July 30, 2016

U.S.’s 62.9% homeownership rate at a 51-year low

This was caused by the real estate market meltdown that begun nearly a decade ago, which was all instigated by the very aggressive Federal Reserve policy that occurred after the 9/11 attacks, The crisis affected primarily the newer buyers (minorities and younger people), who paid top dollar; while those with wealth and experience benefited. Will the Federal Reserve make the same mistakes again? If so, you can count on the same sectors to pay the price, while those who understand the game will reap big profits again. Pretty shameful.
FHA Condo Financing | Federal Housing Administration

In a rare moment of bipartisanship before heading home for the summer, the Senate unanimously passed legislation that will require the FHA to lighten up on its condo financing regulations and make low down payment FHA loans more available to the people they are supposed to serve — moderate-income buyers, many of them minorities and first-time purchasers, who turn to condominiums as their most affordable option. 

Monday, July 18, 2016

New Condo Legislation to Bring Relief to Homebuyers: The U.S. Senate recently passed H.R. 3700, the 'Housing Opportunity Through Modernization Act,' by unanimous consent. This legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions.

Friday, July 8, 2016

99 of Top 100 Housing Metros Improve Year over Year: The spring buying season continues to cruise along throughout most of the country, according to Freddie Mac's recently released Multi-Indicator Market Index® (MiMi®).

Tuesday, June 28, 2016

Existing-Home Sales Reach Highest Pace in Over Nine Years: Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high.

Tuesday, May 31, 2016

Homes Selling Fast As Prices Hit Record Highs, Says Realtor.com: The U.S. 2016 homebuying season is in full swing, with homes in May moving as fast as we’ve seen since the housing recovery began – even as asking prices continue to hit new record highs.

Tuesday, May 24, 2016

Fla.’s housing market: Median prices, new listings rise in April 2016

The statewide median sales price for single-family existing homes last month was $213,000, up 9.2 percent. For townhouse-condo properties in April was $160,000, up 4.4 percent over the year-ago figure.

Monday, May 9, 2016

US Home Prices See the interesting chart of a typical U.S. home when priced in ounces of gold. One chart follows the price since 1890 until now. The current price has been climbing for years, but it is still well below the historical averages.
Bill Gates buying up South Florida land | Miami Herald

Thursday, April 28, 2016

Housing costs may prompt a population shift

More residents of some of the nation's priciest areas are heading to new cities where housing costs are lower.

Wednesday, April 27, 2016

Home prices rise at solid pace even with flat sales

The Standard & Poor's/Case-Shiller U.S. 20-city home price index rose 5.4 percent that month compared with a year earlier, according to a report released Tuesday.

Thursday, March 31, 2016

You Haven't Missed the Boom in Florida Real Estate

You Haven't Missed the Boom in Florida Real Estate 
By Dr. Steve Sjuggerud 
Tuesday, March 29, 2016
"I travel around the world, Steve, and I can't believe how cheap it is here in north Florida," my friend Alistair told me last night. Alistair lives in Ireland. "My wife and I were walking around downtown here... We looked at the home prices in the windows of the estate agents' offices, and we were shocked... It is way cheaper than California, and cheaper than just about anywhere in Europe." I agree! Longtime readers know I've beaten the drum on buying Florida real estate for years. I've been right... The prices have gone up, a lot. But you haven't missed it yet... The values are still here... Here's what I mean by value: Compared with just about anywhere in the world, the quality of life in much of Florida is high relative to the cost of shelter. (Your definition of quality of life might be different than mine... so you're free to disagree with me on that. But it's hard to argue with the value.) It's not just north Florida... Central Florida is in the same position. I visited my brother in the Cocoa Beach area last week. Cocoa Beach offers warm weather year-round and easy access to the Orlando airport. To give you an idea of how warm it is in the winter... My brother, my son, and I recently went surfing while in Cocoa Beach – in just our bathing suits. Folks, it's the month of March! And we were not cold. Where else in the continental U.S. can you do that except in Florida? Prices in the Cocoa area are a great value today, regardless of whether you're interested in the low end or the high end of the market. If you're looking for cheap, the median home price in the town of Cocoa is about $125,000 (that's Cocoa, not Cocoa Beach). If you actually want to live right on the sand, we drove past a nice vacant lot, right on the ocean, with a sign in the yard asking under $800,000. Build your dream house on that lot. I'm not suggesting you pack up and move to Cocoa Beach... My point is, the value for your money in north and central Florida is still incredible right now. The quality of life versus the cost of shelter is hard to beat. Don't wait on this idea too much longer... House prices are up 13.8% over the last year in Florida (according to FloridaRealtors.org). But the median home price in Florida is still below $200,000. The "months of supply" is extremely low, at 4.4 months, which typically means higher prices are coming. Mortgage rates of about 3.7% are not far from all-time record lows. The low mortgage rate makes buying a house extremely affordable now. If you've ever thought about buying a place in Florida, now is your moment. My friend Alistair is not alone – Florida attracts millions of foreign tourists each year – and many of them realize what Alistair did: that Florida house prices are a great value relative to back home. Not only that, it's still a great place to retire... Beat the foreigners and the retirees... Consider getting your chunk of Florida real estate today, while the getting is still good...

Saturday, March 26, 2016

Home values in a quarter of U.S. markets at record levels, Zillow analysis shows - Scotsman Guide

All of the top performing markets in this list have matched or exceeded their prior peak home values, with the exception of Miami-Fort Lauderdale, which Zillow reports is still 25.4 percent off its all-time high.

Wednesday, January 27, 2016

Wednesday, January 13, 2016