According to the National Association of Realtors, pending home sales in the U.S. rebounded in July 2014, and have now risen in four of the last five months. All major regions experienced healthy gains except for the Midwest, which saw a slight decline.
U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annual pace of 4,634,513 in July.
The National Association of Home Builders' latest Multifamily Production Index (MPI), an economic indicator for the U.S. multifamily market, posted a gain of five points to a reading of 58 for the second quarter.
According to the Orlando Regional Realtor Association (ORRA), Orlando home sales dropped more than 17 percent in July 2014 from July 2013 sales rate. Yet prices rose nearly 9 percent in the same year-over-year comparison.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending August 22, 2014, mortgage applications increased 2.8 percent from one week earlier.
According to the California Association of Realtors (C.A.R.), despite ultra-low interest rates, California's real estate market continued to underperform in July 2014, with pending home sales posting lower for the fourth straight month.
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $954 on each loan they originated in the second quarter of 2014.
Blackstone Real Estate Debt Strategies has just made a $120 million construction loan to Eastview Development and GTIS Partners to fund construction of Biscayne Beach.
Why do different brokerages have different commissions? I met with one broker who said they can charge 4% and another that will charge 6%. Why?
According the Miami Association of Realtors, strong demand from both domestic and foreign buyers continues to fuel Miami's property price growth, as demand for new construction properties continues to gain momentum.
According to Freddie Mac latest Primary Mortgage Market Survey (PMMS), the average fixed mortgage rate in the U.S. followed bond yields lower. Averaging 4.10 percent for the week, the 30-year fixed-rate mortgage fell below its previous 2014 low of 4.12 percent.
According to the Florida Realtors, Florida's housing market reported rising median prices and increased inventory in July 2014. Closed sales of single-family homes statewide totaled 22,099 last month, up 5 percent over the July 2013 figure.
According to the National Association of Realtors (NAR), existing-home sales in the U.S. increased in July 2014 to their highest annual pace of the year, as the ongoing decline in distressed sales continued.
Investors are changing their strategy and are moving away from purchasing homes in more popular, urban areas in favor of more rural areas of the state where better deals can be found.
According to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 15, 2014, mortgage applications increased 1.4 percent from one week earlier.
August is proving to be a good month for Miami-based The Related Group. The company just announced this week that they have hit sales of over $300 million at SLS Lux Brickell.
According to CBRE, national multifamily demand in the U.S. continued to gain momentum as a combination of improving job growth and more households shifting from owning to renting boosted net absorption in Q2 2014.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, fueled by strong single and multifamily growth, nationwide housing starts rose 15.7 percent to a seasonally adjusted annual rate of 1.093 million units in July.
This new resort development, Tamarind Hills, is set to raise the bar in contemporary Caribbean living on the island of Antigua.
Sign up for World Property Channel updates, information and news alerts