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Real estate news in South Florida

Mortgage Interest Rates Reach Historic Lows

Freddie Mac yesterday released the latest results of its Primary Mortgage Market Survey, and it found what by now has become common – that average fixed mortgage rates hit record lows last week. The 30-year FRM averaged just 3.79

Housing Starts Data Post Huge Yearly Increases

Housing starts for privately-owned homes rose by nearly 30 percent year-over-year in April, perhaps the strongest sign yet of a recovery in residential construction. According to the latest data from the U.S. Census Bureau and the Department of Housing

Realtor Income, Business Increased in 2011, with Comments from Bob Floss, President of CAR, and Tom Krettler, co-President of MORe

After a few difficult years, the income and business of Realtors grew in 2011, according to the 2012 National Association of Realtors Member Profile. A survey of 58,823 NAR members that yielded 6,245 usable responses, the profile found the median

Housing Affordability at 40-year High, with Comments from Jack Persin, co-President of MORe

Housing affordability has been trending upwards in the post-boom housing market, and according to analytics firm Fiserv, it’s now at a 40-year high. Utilizing data from the Federal Housing Finance Agency, Fiserv studied 380 U.S. markets, and it found

NAHB Advocates Housing Financial Overhaul

NAHB Chairman Barry Rutenberg has become the latest proponent for housing finance reform, arguing in an op-ed for a comprehensive overhaul of the current system. “Our goal is to overhaul the housing finance system to ensure that housing credit

Shadow Inventory Housing Slowly Decreasing in 2012

A new study out by Standard & Poor’s is estimating it will take 46 months to clear out the nation’s supply of shadow inventory, one month less than predictions from 2011. Liquidation rates for the residential mortgage markets appeared

First Quarter Activity Strong for Median Home Values

Median home values, improving sales and stronger inventories were all features of the 2012 first quarter report from the National Association of Realtors (NAR). Median existing single-family home prices rose year-over-year in 74 out of the 146 metro areas tracked

New Chapter in the Homeownership vs Renting Debate

A new chart of analysis has reinvigorated the homeownership vs renting debate, with another nod of economic approval heading for the homeowners’ corner. Assembled by analyst Ben Walsh for Felix Salmon of Reuters, the chart uses the most recent data from

What Wave of Foreclosures?

The wave of foreclosures that many analysts had anticipated has, thus far, failed to materialize (knock on wood), and its absence is making some reconsider the housing market. As the Wall Street Journal explained in a recent story, the biggest

Non-Conforming Practices in Lending

The federal conforming loan limit was one of the most highly contentious issues in the tail end of 2011, but based on recent statistics, all that controversy seems to have been for naught. Originally passed in late 2008 to

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