Category: Market News

Fla.’s existing home, condo sales up in November

ORLANDO, Fla. – Dec. 21, 2011 – Florida’s existing home and existing condo sales continued its positive upswing in November, according to the latest housing data released by Florida Realtors®. Existing home sales increased 11 percent last month with a…

Housing Investment for the Long Haul

On November 4, 2011, in Economist Commentaries, by Lawrence Yun, Chief Economist Home prices took a rough ride in the past decade. The past 10 years were  an anomaly fueled by easy credit availability. Those days are over – and for…

Monthly Payments for Home Buyers

A home buyer purchasing a typical American home at the prevailing average mortgage rate  today would have a mortgage payment of  $698 a month. This figure is not much different from what a home buyer would have faced 30 years ago. In…

State forecasts property value increases

TALLAHASSEE, Fla. – Aug. 4, 2011 – In a sign that Florida’s housing market may be on the road to recovery, the state’s top economist expects an increase in school property tax rolls next year of 1.3 percent. Though that…

Wealthy Americans upgrade to pricier primary homes

NEW YORK – July 13, 2011 – Amid still-depressed housing numbers that dominate headlines, a new survey by the independent New York City-based Luxury Institute and the Institute for Luxury Home Marketing finds that high net-worth U.S. homeowners are taking…

NAR asking homeowners for help

WASHINGTON – July 11, 2011 – Starting today, the National Association of Realtors® is contacting 6 million consumers nationwide by email. Those consumers will be asked to participate in a Consumer Call for Action regarding the Qualified Residential Mortgage (QRM)…

Unemployed homeowners get more relief

Under the policy changes, mortgage companies collecting payments on Federal Housing Administration (FHA)-backed loans will be required to offer 12 months of forbearance for qualified unemployed borrowers, the White House said in a release. Out-of-work borrowers with these loans now…