Tuesday, December 4, 2012

FHA extends flipping waiver through 2014

FHA extends flipping waiver through 2014
This allows investors to sell properties that had been acquired in the previous 90 days, no waiting required if buyer obtains a FHA laon.

Home prices rise by most in 6 years

Home prices rise in Oct. by most in 6 years
Prices of U.S. homes rose compared to a year ago, in 45 U.S. states, the only exceptions were Illinois, Delaware, Rhode Island, New Jersey and Alabama.

Tuesday, November 27, 2012

Home prices increase in most major US cities

WASHINGTON: Home prices increase in most major US cities - Business Breaking News - MiamiHerald.com 
The number of previously occupied homes available for sale has fallen to a 10-year low. The inventory of new homes is also near the lowest level since 1963.

Read more here: http://www.miamiherald.com/2012/11/27/3115350/home-prices-increase-in-most-major.html#storylink=cpy

Monday, November 26, 2012

Banks favor short sales over principal reduction

Banks favor short sales over forgiving debt
"Florida homeowners have received more than $3 billion in mortgage relief and benefits from the nation’s five largest banks since a landmark settlement was signed in March to atone for foreclosure-related offenses."

Wednesday, November 21, 2012

Housing Construction Soars But Still Not Enough

Housing Starts Soar  Housing shortage conditions will last for several years, pushing prices of available homes upward.

Wednesday, November 14, 2012

U.S. Real Estate price increases map

U.S. Real Estate price increases

Tuesday, October 23, 2012

Who Will Get Future Housing Wealth?

Who Will Get Future Housing Wealth?
Housing is resuming its historic role as wealth creator for the average family.

Homes for sale scarce - Sun-Sentinel.com

Housing: Homes for sale scarce - South Florida Sun-Sentinel.com
The inventory of South Florida homes for sale on Zillow.com has fallen by 34 percent in the past year, the real estate website said Thursday.

Thursday, October 4, 2012

Foreclosure Filings Spike 36% In South Florida Region In Q3 2012

Foreclosure Filings Spike 36% In South Florida Region In Q3 2012
Lenders are taking advantage of better market conditions to initiate or restart foreclosure proceedings.

Friday, September 28, 2012

Tuesday, September 25, 2012

Tuesday, September 18, 2012

Homeownership 45% cheaper than renting

Homeownership 45% cheaper than renting
“Homeownership is cheaper than renting in all of the 100 largest metros by a wide margin,” says Jed Kolko, Trulia’s chief economist. “Rents continue to rise faster than prices, and mortgage rates are near record lows.”

Congress Extends EB-5 Investor Visa Program through 2015

Congress Extends EB-5 Regional Center Program through September 30, 2015
Foreign investors with $500,000 can acquire a business interest in specific real estate investments and qualify for a path to residency.

Friday, September 14, 2012

South Florida Foreclosure Filings Increased

South Florida Foreclosures | August 2012 | RealtyTrac
With some legal hold ups resolved, bank attorneys increased their foreclosure activity in August, with an 11% increase over the same month last year.

Wednesday, September 5, 2012

South Florida Listing | Home Inventory | September 3 2012

South Florida Listing | Home Inventory | September 3 2012
The very narrow gap makes the sellers happy but buyers yearn for more inventory. EB

Tuesday, September 4, 2012

Home-appraisal complaints rise in volatile resale market

Home-appraisal complaints rise in volatile resale market When markets move fast and appraisers look only in the rearview mirror, conflict is common.

Monday, August 13, 2012

Miami Condo Prices Explode in Second Quarter

Miami | Condo Prices | Second Quarter
Miami condo prices are in an unsustainable trajectory. I make no predicitons on when it will turn, but let me misquote Shakespeare to tell you what I think of this price increase: "Bubble, double, toil and trouble. Leave this island on the double"  Eduardo Brandt

Thursday, August 9, 2012

South Florida home prices rose in June - Business - MiamiHerald.com

South Florida home prices rose in June - Business - MiamiHerald.com
Prices are rising in uour area, but on average Florida is still about 43% lower than at the peak five years ago.

Tuesday, July 24, 2012

Foreign home searches drop as prices rise

Foreign home searches drop as prices rise But Florida cities remain popular for online searchers

Tuesday, June 12, 2012

Tuesday, June 5, 2012

Home prices up for 2nd month

CoreLogic: Home prices up for 2nd month: Including distressed sales, the five states with the highest appreciation were: Arizona (+8.8 percent), District of Columbia (6.4 percent), Florida (+5.5 percent), Montana (+5.4 percent), and Utah (+5.4 percent).

Tuesday, May 22, 2012

Few respond to foreclosure review offer

Few respond to foreclosure review offer
A government regulated program to help owners dealing with foreclosure has been largely ignored by them. They may be "burnt out" by the many previous private solicitors.

Pending South Florida home sales increase 13 percent in March - Business - MiamiHerald.com

Pending South Florida home sales increase 13 percent in March - Business - MiamiHerald.com
More pending sales in homes and condominiums throughtout the South Florida markets, with one exception: Sales of condominiums in Miami slowed down, this market is the preferred target of foreign buyers and it's been very active, which already resulted in lower inventory and higher prices.

Wednesday, March 28, 2012

Friday, March 9, 2012

Tuesday, March 6, 2012

US Home Prices

US Home Prices:

When in doubt about any investment, find and look at long term charts, like the chart of U.S. home prices since 1860, priced in ounces of gold. Right now prices are cheaper than they've ever been except for a brief quarter in 1980. EMB

Wednesday, February 29, 2012

Home prices ended ‘11 lower

Home prices ended ‘11 lower Most U.S. markets closed 2011 at 2002 pricing levels, about 1/3 lower than the 2006 peak. Miami and Phoenix were the only regional markets that had a modest increase in prices from the previous year.

Thursday, February 23, 2012

One week left for Homestead Exemption for 2011 buyers

FL Dept Rev - Property Appraiser Contacts:

One week left to apply for your Homestead Exemption if you purchased a primary property is 2011.

Tuesday, February 21, 2012

Not their parents' home

Not their parents' home

Generation Y House design at the Florida Builder's Show

Wednesday, February 15, 2012

New fed agency to simplify lending paperwork

New fed agency to simplify lending paperwork
“For the first time, the federal government will have the authority to look into the entire mortgage servicing market,” Cordray wrote in the article.

Saturday, February 4, 2012

Short sale sellers need to close in 2012

Short sale sellers need to close in 2012
Unless the law changes, a short sale after 2012 may generate a taxable gain to the seller.

Friday, January 27, 2012

Tuesday, January 24, 2012

Housing inventory down 22% nationwide

Housing inventory down 22% nationwide
South Florida posted a sharp drop in inventory and higher asking prices

TIME FOR CONDOS?

TIME FOR CONDOS?

A few years ago, very, very few would had predicted that Miami's condo market could rebound so strongly as it did. The secret ingredient to its quick success was strong Latin American economies and currencies.

Thursday, January 19, 2012

South Florida’s real estate crisis in one chart - The Economic Time Machine - MiamiHerald.com

South Florida’s real estate crisis in one chart - The Economic Time Machine - MiamiHerald.com

An 11 year chart tells you the story of the bubble and crash. In spite of the drop, South Florida produced higher appreciation than the rest of the U.S. since 2000. The trend is up.
Foreclosures plunge to lowest level since 2007 - MSN Real Estate

At a national level, foreclosures are at a 49 month low.

Friday, January 6, 2012

Florida's Bottom Line

Florida's Bottom Line: All signs are pointing in the right direction