Per Square Foot Price Increase in Miami-Dade
The average price per square foot for single-family homes and condominiums in the Miami-Dade County had been reported to have gained quite a bump. Sales of condominiums in the Miami …
South Florida Still An Attractive Market for Foreign Buyers
Florida is an excellent holiday destination. The state offers year-round subtropical climate and a slew of attractions. Recently, however, much of the buzz contributing to the continued popularity of South …
Brazilians Still Big on Miami Residential Properties
The recent Miami condo boom was fueled by Latin American buyers flooding the market and grabbing homes with cold hard cash—and some of those buyers were Brazilians. Even the increase …
Miami Ranks Highest in U.S. Foreclosures
In a report signaling that banks are starting to put many foreclosures from their backlogs in the auction block, Miami’s foreclosure rate ranked the highest among several of the country’s …
Florida: New Foreclosure Rate Dips despite Being Highest
Florida remains on top of the list of states in the country with the highest foreclosure rate. However, the number of new ones is on a steady decline. According to …
No End Foreseen in Mortgage Rise
The recent jump in mortgage rates will not likely happen again but years of basking in low rates might be over. According to Freddie Mac, average 30-year fixed rates jumped …
Rising Home Sales Renew Bubble Fears
Prices and sales of homes continued to increase in May renewing fears of a housing bubble. The fear might continue if the tight inventory situation is not remedied. According to …
Mortgage Rates Soar Hitting Its Highest in 2 Years
The U.S. mortgage rates experienced a sudden jump, increasing the current costs of buying a home. The rates have soared from their near-record lows with 30-year average fixed mortgages reaching …
Sales of Pending Homes Jump Reaching Its Highest in 6 Years
Pending homes sales jumped to 6.7 percent, reaching a six-year high. According to the National Association of Realtors, signed contracts to purchase homes that were owned previously increased 6.7 percent …
Builder Confidence Rises as Housing Recovery Picks Up Pace
Builder confidence increased Monday as housing recovery continues its steady pace. According to the National Association of Home Builders, the index measuring builders’ confidence jumped to 52 in June. It …