Sunday, November 17, 2013

Rental-home business moves to Wall Street

Rental-home business moves to Wall Street
Miami was first in the country, with 39,970 investor-driven housing purchases, the RealtyTrac report showed.

Thursday, November 7, 2013

Florida’s housing market continues upswing in 3rd Q 2013

Fla.’s housing market continues upswing in 3Q 2013
“What’s remarkable for the third quarter data is that all metro areas in Florida show year-over-year increases in both prices and sales for single-family homes, and year-over-year increases in sales for condo-townhome properties,” says Florida Realtors Chief Economist Dr. John Tuccillo.

Friday, October 25, 2013

Investors bought 14% of U.S. homes in Sept.

• Among metro areas with a population of 1 million or more, those with the highest percentage of all-cash sales were Miami (69 percent), Tampa, Fla. (62 percent), Jacksonville, Fla. (62 percent), Las Vegas (62 percent), Orlando, Fla., (59 percent), Atlanta (54 percent), Cleveland (51 percent), and Memphis, Tenn. (51 percent).
Investors bought 14% of U.S. homes in Sept.

Friday, September 6, 2013

Jumbo loans cheaper than conventional for first time

Jumbo loans cheaper than conventional for first time. Two years ago, jumbo loan borrowers were paying a substantial premium over smaller loan borrowers, this change is positive for the higher price ranges.

Tuesday, August 20, 2013

The housing bust missed rents in South Florida

The housing bust missed rents in South Florida A comment about this post: Many of these national studies utilize data from the previous 12 months and offer a rear-view mirror analysis. In the past year, sales prices have increased more than rent prices, so the market is more balanced. EB

Foreclosure settlement a bust for many

Foreclosure settlement a bust for many The majority of borrowers only received $300.

Tennis pro purchases penthouse at Four Seasons Residences | Brickell

Four Seasons Residences | Brickell $5,200,000 was paid for the unit, that's over $1,500 per square foot or $37,000 per square meter.

Friday, May 3, 2013

Which is a Better Inflation Hedge, Gold or Houses? | The Big Picture

Which is a Better Inflation Hedge, Gold or Houses? | The Big Picture
 If you want to be hedged against the risk of a pickup in inflation, you would be better off buying houses than gold.

Tuesday, April 9, 2013

Value of homes from 1890 to 2012 if paid in gold ounces

Here's a very interesting chart courtesy of Shiller, posted in the blog "Priced in Gold". And here's what I think the chart is telling you: If you own gold, sell it and buy real estate, only twice in 120 years you bought so much real estate with so little gold.

Thursday, March 7, 2013

South Florida Foreclosures

South Florida Foreclosures | Foreclosures February 2013
Foreclosures are up by 40% compared to last year. Miami-Dade had the biggest increase.

Tuesday, February 5, 2013

South Florida Foreclosures Jan 2013

Miami Foreclosures Jan 2013 | January 2013 Foreclosures
Miami Dade and Palm Beach foreclosures increase, Broward remains steady.

Friday, January 11, 2013

Deadline nears for foreclosed owners to apply

Deadline nears for foreclosed owners to apply There is restitution money on the table for homeowners that were foreclosed, but the deadline is January 18, 2013.

Tuesday, January 8, 2013

The era of cheap financing may be winding down

Record Low Interest Rates | Rising Borrowing Costs This headline has been repeated time and time again for the last few years. Interest rates will rise form the current lows, but we don't know when.