Category: Market News

About Rusty…

Rusty Abbott has been a Treasure Coast resident since 1994. Growing up in Vero Beach, he graduated from Saint Edward’s School, and then went on to earn his bachelor’s degree from the University of Florida. He learned the real estate…

‘Not enough’ done on housing, Obama says

WASHINGTON – July 7, 2011 – President Obama made a rare admission of a policy misstep Wednesday, acknowledging that his administration failed to provide enough support to struggling homeowners and recognize the scope of the nation’s housing crisis. Despite predictions…

Hybrid housing holds appeal

MINNEAPOLIS – July 7, 2011 – Mary Myss never has to paint her Chaska, Minn., home, mow the lawn or shovel her driveway. That’s because her walkout rambler is in Pioneer Point, a subdivision of single-family homes that are maintained…

7 of 10 renters say owning home a top priority

WASHINGTON – July 7, 2011 – According to the 2011 National Housing Pulse Survey released yesterday by the National Association of Realtors®, 72 percent of renters surveyed said owning a home is a top priority for their future, up from…

Fight continues against 20% downpayments

TALLAHASSEE, Fla. – July 7, 2011 – Florida Sen. Marco Rubio released a strong letter against proposed Qualified Residential Mortgage (QRM) and Qualified Mortgage (QM) rules, and sent it to major players in the discussion, including The Federal Reserve, The…

Risky commercial loans: the big cleanup

OVERLAND PARK, Kan. – July 6, 2011 – They are based far from Wall Street – Overland Park, Kan., Irving, Tex., Horsham, Pa. – and despite their expertise in commercial real estate, they drew little attention during the industry’s boom…

Foreign buyers help housing market

MIAMI – July 6, 2011 – Foreign buyers are helping to stoke home sales in U.S. vacation hot spots decimated by the real estate crash, especially in southern Florida. For the 12 months ending in March, 31 percent of Florida’s…