Florida’s housing market shows strong gains in April 2013

Flas-Housing-Market-Shows-Strong-Gains-In-April-2013

ORLANDO, Fla. – May 22, 2013 –Florida’s housing market reported more closed sales, rising median prices, increased pending sales, more new listings and a lower inventory of homes for sale in April, according to the latest housing data released by Florida Realtors®. “Buyer demand is rising, but the inventory of homes continues to be tight […]

CoreLogic: 2012 big year for home price increases

home prices appear to be on the rise

IRVINE, Calif. – May 17, 2013 – Home prices in the U.S. rose 7.3 percent in 2012 and are projected to rise 3.9 percent annually for the next five years, according to the latest CoreLogic analysis. Florida cities, however, vary from the nation and even each other in 2012 home values, as well as CoreLogic’s […]

Home appraisals no longer derailing sales

Home-Appraisals-No-Longer-Derailing-Sales

JACKSONVILLE BEACH, Fla. – May 16, 2013 – Are more home sales going through because appraisals are coming in at – or above – contract prices? A CNN story says they are. Home sale transactions often collapsed during the housing bust because appraisals fell well below selling prices, and low-ball appraisals made homes too costly […]

Chinese buyers can’t resist lure of Florida homes

chinese-buyers-can't-resist-south-florida-homes

WASHINGTON – May 15, 2013 – The National Association of Realtors says foreigners – primarily from Canada, China, and Latin America – made $82 billion in U.S. real estate purchases last year. Chinese buyers, in particular, seem to have a hearty appetite for American real estate – especially in California, New York and Florida. Garrett […]

Real estate reality TV shows: fact vs. fiction

SAN FRANCISCO – May 14, 2013 – Network television offers a slew of reality shows that supposedly give viewers an inside glimpse into the home buying process, but the programs aren’t necessarily a true representation of the real-world experience. San Francisco-based realty broker Herman Chan, a previous guest on two HGTV reality shows, notes that […]

Forecast improves for late ‘13 economy

forecast-improves-for-late-13-economy

WASHINGTON – May 13, 2013 – Political paralysis in Washington won’t stall an economic recovery that’s revving up across the rest of the country. That’s the consensus of economists surveyed by USA Today, who predict the recovery will accelerate late this year even without a deal by Congress and the White House to lessen the […]

5 reasons the housing recovery remains wobbly

why-housing-market-is-wobbly

Here’s one offbeat indicator of a housing revival: RealtyTrac just published a list of the “top 25 markets for flipping homes.” A few years ago, anybody buying a home to resell for a quick profit lost money instead, since home prices declined for six years straight, beginning in 2006. So if flippers are back, that’s […]

Turning point: over 50% expect home price increases

WASHINGTON – May 8, 2013 – More than half of Americans now expect the country’s home prices to climb within the next year – a growing optimism toward the health of the housing industry. The share of respondents to Fannie Mae’s April 2013 National Housing Survey who expect home prices to go up rose another […]

As prices rise, investor demand falls. What’s next?

30 year mortgage rates at an all time low

Investors and all-cash home buyers accounted for about 19 percent and 30 percent, respectively, of all sales in March, according to the National Association of Realtors®. That represents a significant share of the market, and some analysts are concerned that investor and all-cash demand will start to shrink as home prices rise. Who will step […]

Sunfest 2013 – Downtown West Palm Beach

In just a few weeks West Palm will be overflowing with music lovers, neon-colored bathing suits and the delicious scent of funnel cakes. I know you are probably passing the time by shuffling Train and the Offspring on Pandora, but don’t forget to stream a few lesser-known names on the lineup. SunFest has a spectacular […]