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.
According to the California Association of Realtors (C.A.R.), California's home sales posted higher for the second straight month, while the statewide median home price rose from the previous month as well as from a year ago.
According to RealtyTrac's U.S. Institutional Investor & Cash Sales Report, all-cash sales accounted for 37.9 percent of all sales of single family homes and condos nationwide in the second quarter
According to RealtyTrac latest U.S. Foreclosure Market Report for July 2014, foreclosure filings, which include default notices, scheduled auctions and bank repossessions, were reported on 109,434 U.S. properties in July 2014.
Some good news on the U.S. housing front today. According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built, single-family homes rose two points to 55.
According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), nationwide housing affordability dipped in the second quarter of 2014 as several markets saw a firming of home prices.
According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS) for Mid-August shows average fixed mortgage rates followed bond yields lower in mid-August 2014.
According to the Mortgage Bankers Association's latest Builder Application Survey for July 2014, U.S. mortgage applications for new home purchases increased by 2 percent relative to the previous month.
According to the California Association of Realtors, lower interest rates in the second quarter of 2014 failed to offset continued home price increases, lowering housing affordability statewide and in 19 of 26 counties in California.
While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces.
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