Real Estate News


NAR: Existing-home sales rise again in January, inventory down
Wed, 22 Feb 2012 13:43:31 +0500 -
Fla. housing market upbeat in Jan. 2012
Wed, 22 Feb 2012 13:46:45 +0500 - Sales prices rose 5.3% for single family, 18.8% for condos, and inventory declined. NAR reports 4.3% sales increase.
Biggest U.S. mortgage lenders
Tue, 21 Feb 2012 14:05:47 +0500 - MortgageDaily.com: In 4Q 2011, Wells Fargo ranked No. 1; Bank of America fell the most; U.S. Bancorp grew the fastest.
Six questions to ask when shopping for homeowners insurance
Tue, 21 Feb 2012 14:08:54 +0500 - Homeowners need coverage, but how much? They should first collect some basic home info and then ask the right questions.
Housing affordability reaches record level
Mon, 20 Feb 2012 14:32:06 +0500 - Homeownership is a relative bargain, but tight credit requirements deter buyers: Lakeland-Winter Haven No. 2 nationally.
Florida economy gained momentum in 2011
Thu, 16 Feb 2012 14:21:21 +0500 - BMO: State doing better with lower unemployment, more construction and residents - but growth still slowed by housing.
Avatar Holdings becomes AV Homes
Thu, 16 Feb 2012 14:22:17 +0500 - A Central Florida builder is changing its name to avoid comparisons to the blockbuster movie that overshadows it.
Reminder: 3.8% tax is not a transfer tax on real estate
Thu, 16 Feb 2012 14:25:20 +0500 - NAR: A bizarre Internet rumor surfaced again, but it's not true: There is no real estate transfer tax starting in 2013.
Fed review for robo-signing extended
Wed, 15 Feb 2012 13:06:36 +0500 - Ex-homeowners can submit their 2009-2010 foreclosure for federal review if done by one of 27 participating lenders.
NAR to Administration: Don't harm housing
Tue, 14 Feb 2012 13:24:21 +0500 - Budget proposal has a cap on IRS mortgage interest deductions and impacts capital gains on some real estate investments.
Florida: Balmy breezes, sunsets and romance
Tue, 14 Feb 2012 13:28:37 +0500 - In honor of Valentine's Day, Amazon listed the U.S.'s top 20 romantic cities, and Fla. has more than any other state.
HUD gives Fla. $49.6M for affordable housing
Mon, 13 Feb 2012 13:26:32 +0500 - Nationwide, HUD granted a total of almost $1.8 billion, with the top amount, $321.5 million, going to New York.
Foreclosure settlement: Fla. to get $8.4 billion
Fri, 10 Feb 2012 13:54:39 +0500 - About $170M for foreclosure victims, rest for underwater owners; will take up to 9 months to identify beneficiaries.
HUD: $7.5 million to fight housing discrimination
Fri, 10 Feb 2012 14:00:38 +0500 - Only two Fla. enforcement groups received funds: Jacksonville and Broward County will split about $100,000.
Florida's existing home, condo sales up in 4Q 2011
Thu, 09 Feb 2012 14:16:39 +0500 - Existing home sales rose 7%, condo sales 4%. Home prices down 1%, condos 4%. NAR: sales up 5.9%, prices down 4.2%.
SBA 504 loans hit record low interest rate for February
Thu, 09 Feb 2012 14:23:50 +0500 - Interest rates for commercial investment or upgrades estimated at 4.7% or 3.81% for 10-year loans.
Realtor University Approved for Master of Real Estate degree program
Thu, 09 Feb 2012 14:31:17 +0500 - The Master of Real Estate degree, available online, includes five areas of concentration. First course starts Feb. 27.
Trulia: 1 in 3 home searches cross state lines
Thu, 09 Feb 2012 14:26:54 +0500 - Trulia analyzed users' locations and where they searched for a home. Of the top 10 desired locations, seven are in Fla.
Fannie Mae expands online offers for HomePath properties
Wed, 08 Feb 2012 13:28:47 +0500 - An Orlando-area pilot program goes national. Realtors now submit offers online and track status through HomePath.com.
Aid for military families facing foreclosure
Tue, 07 Feb 2012 12:45:28 +0500 - Hope Now, a private lender alliance, will start to focus on military families at risk of foreclosure.
NAHB: Nearly 100 house markets improving
Mon, 06 Feb 2012 13:04:56 +0500 - Seven Fla. metro areas have shown consistent improvement for at least six months, with Miami new entrant on latest list.
Survey: Apartment industry continues recovery
Mon, 06 Feb 2012 13:07:06 +0500 - Survey: Multi-family market continues upswing as developers play catch-up to growing consumer demand for rental housing.
Short sale sellers need to close in 2012
Fri, 03 Feb 2012 13:14:53 +0500 - If lawmakers don't extend break and a bank nixes $100K in short sale debt, it could cost a taxpayer in 25% bracket $25K.
Baby boomers geared up to move
Thu, 02 Feb 2012 13:40:46 +0500 - Mason-Dixon: Up to 1/3 of soon-to-be retirees could move out of state, with 18% of those to Fla.'s warm climate.
Florida Realtors to launch new data system soon
Thu, 02 Feb 2012 13:41:52 +0500 - Jan. 2012 report to launch new housing market data system; includes only statewide numbers and not Realtor sales by MSA.
CoreLogic releases 2011 home price stats
Thu, 02 Feb 2012 13:44:08 +0500 - Fla. better than nation overall with a 3.3% price drop compared to 4.7%; prices down only 0.9% without distressed sales.
VA loans have lowest delinquency rate
Wed, 01 Feb 2012 12:50:33 +0500 - In its year-end report, VA says it backed 14% more loans last year; at the same time, its foreclosure rate dropped 28%.
UF: Fla. consumer confidence surges upward in January
Wed, 01 Feb 2012 12:56:05 +0500 - U.S. consumers may be a tad gloomier, but Floridians' outlook surged 7 points; economic expectations rose 14 points.
Obama details broader housing refinance plan
Wed, 01 Feb 2012 12:57:46 +0500 - NAR-supported plan faces uphill battle; but, if passed, could help underwater owners refinance at lower interest rates.
EEM mortgage rewards energy efficiency
Tue, 31 Jan 2012 13:56:27 +0500 - If a home conserves energy, a buyer can qualify for a higher mortgage because it stretches the debt-to-income ratios.
HUD: Sexual identity a protected class
Tue, 31 Jan 2012 13:58:11 +0500 - Starting in March, all HUD-run programs will ban discrimination based on sexual orientation, including FHA mortgages.
Consumer Confidence Index decreases slightly
Tue, 31 Jan 2012 13:59:16 +0500 - The Conference Board says American's confidence rose in Dec., but it dropped back to Nov. levels in this month's survey.
St. Joe Company has new real estate strategy
Mon, 30 Jan 2012 13:01:01 +0500 - It will cut back on current developments, including amenities, and possibly sell inventory at lower prices or in bulk.
NAR's Confidence Index shows upswing
Mon, 30 Jan 2012 13:03:06 +0500 - Each month, Realtors' market outlook improves, says NAR. In Dec., the index was 31.6 compared to 24.5 one year earlier.
HUD: Can't use 'lead paint' to discriminate
Thu, 26 Jan 2012 13:35:54 +0500 - A Mass. apartment owner didn't certify her units as lead paint free and used that to turn down families with children.
2011's foreclosures lowest in four years
Thu, 26 Jan 2012 13:43:06 +0500 - RealtyTrac: Fla. seventh in number of owners facing foreclosure - 1 in 49 homes; process now takes 806 days to complete.
Fla. No. 5 nationally as 'best for business'
Thu, 26 Jan 2012 13:49:11 +0500 - Tax Foundation: State ranks high for its business-friendly low tax burden in annual study based on dozens of provisions.
High downpayments: More harm than good?
Wed, 25 Jan 2012 13:41:36 +0500 - UNC study: A QRM rule that mandates a 20% downpayment would push 61% of creditworthy borrowers out of the market.
Pending home sales decline in Dec.; above year ago
Wed, 25 Jan 2012 13:42:34 +0500 - Slight 3.5% monthly decline follows two strongest months of contract signings since the homebuyer tax credit expired.
Real estate agents opting for mobile office
Tue, 24 Jan 2012 14:04:00 +0500 - In today's fast-pace world, consumers want fast responses, and agents need mobile offices to retain and attract clients.
Citizens backs off pricey replacement costs
Mon, 23 Jan 2012 14:35:57 +0500 - In a win for Florida Realtors and state homeowners, insurer won't base costs exclusively on a single appraisal source.
FHA to limit seller help at closing
Mon, 23 Jan 2012 14:37:14 +0500 - Tighter rules were announced for FHA lenders; new rules that lower the amount sellers can pay at closing are expected.
Casting call for HGTV' 'House Hunters'
Mon, 23 Jan 2012 14:43:34 +0500 - Want 15 minutes of fame and national marketing? HGTV show auditions require three-minute videos and willing buyers.
Florida's housing sales activity higher as 2011 ends
Fri, 20 Jan 2012 13:46:09 +0500 - Home sales rose 8%, condos 15% in 2011. Fla. home, condo Dec. median price up 1%, 4% respectively. National sales up 5%.
NAR: Dec. existing home sales show uptrend
Fri, 20 Jan 2012 13:47:38 +0500 -
Florida Legislature advances Realtor issues
Fri, 20 Jan 2012 14:08:33 +0500 - Committees approved septic tank inspection changes, competitive property insurance rules and new homestead exemptions.
Single-family housing starts up 4.4% in Dec.
Thu, 19 Jan 2012 14:41:35 +0500 - Single-family starts have risen for three consecutive months, though drop in multi-family caused overall 4.1% decline.
Appraisal Institute: Don't shoot the messenger
Wed, 18 Jan 2012 13:37:37 +0500 - New effort, materials attempt to counter a belief that appraisers did something wrong if appraised value comes in too low.
Builder confidence rises fourth consecutive time in January
Wed, 18 Jan 2012 13:47:23 +0500 - Index at its highest level in four-and-a-half years; latest uptick seen in every component and region of the country.
Avoid foreclosure with help from HUD-approved agencies
Tue, 17 Jan 2012 13:35:59 +0500 - Owners at risk of foreclosure can tap into HUD's nationwide network of counselors for a free evaluation and counseling.

Provided courtesy of:
http://www.FloridaRealtors.org/

Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as The Voice for Real Estate® in Florida. It provides programs, services, continuing education, research and legislative representation to its 115,000 members in 67 boards/associations.

Email a realtor for rental and sales information today

©2011 Gulf Coast Real Estate Group, LLC | All Rights Reserved.