Home sales are up and the number of homes on the market is slowly falling. South Florida’s residential real estate inventory fell 1.1 percent in the last week with 81,159 properties on the market, according to data from the Florida Association of Realtors. That’s down from 83,491 residential resales on the market in the tri-county area as of June 1.
However, the glut of condos and townhouses..(read more)
Pro Step Marketing, a real estate-focused marketing strategy, design and implementation firm, worked with REALTOR® Roman Pavlik of Pavlik Real Estate Group in Aventura, FL to develop a comprehensive marketing strategy to expand his online presence. The results of this strategy include a custom website with advanced search tools and search engine-friendly content.
Visitors using the new..(read more)
Highlights from the Federal Reserve's survey of economic conditions. The survey, released Wednesday and known as the Beige Book, is based on information collected from the Fed's 12 regional bank districts.
ATLANTA
(This region covers Georgia, Alabama, Florida, and parts of Louisiana, Mississippi and Tennessee.)
The pace of decline moderated in some industries and most noted an improved outlook...(read more)
In the wake of Broward's decreasing property tax values, top county officials are seriously considering raising the county tax rate, which is something Broward commissioners haven't done in a decade. Talks of a potential rise in property taxes comes less than a week after Broward Property Appraiser Lori Parrish released figures showing property tax rolls fell by a staggering 10.7 percent..(read more)
The National Association of Realtors says increase your chances of getting your dream house instead of losing it to another buyer, with these easy steps.
• Get pre-approved for a mortgage. This is a lender's guarantee that you have a mortgage in hand, once you find the home of your dreams. With a pre-approved mortgage, you'll be able to make a firm commitment to buy and make your offer more..(read more)
Sales of homes and condos in both Miami-Dade and Broward counties surged in April for the ninth month in a row. Buyers found prices on single-family homes as low as 39 percent in Miami-Dade from the same month last year and 36 percent in Broward County. In Miami-Dade the median house price was $177,000, down from $291,900 a year ago. Of 690 homes sold in Broward, the median price settled..(read more)
Florida home sales are gaining momentum with sales of previously owned homes and condominiums rising for the eighth consecutive month in April, according to the latest data released by the Florida Association of Realtors.
Statewide existing home sales rose 18 percent last month, with 13,111 homes sold, up from 11,133 homes sold in April 2008, according to FAR. The statewide median sales price for..(read more)
The Obama administration expanded its $75 billion housing rescue plan on Thursday, launching new incentives for lenders that work with homeowners who can't qualify for loan modifications or refinance under recently announced programs. The new measures are meant to streamline the process for short sales and for the transfer of home ownership to a lender without foreclosing. Homeowners would..(read more)
If you're thinking about making a home purchase in South Florida, the federal government might be able to help you get started with your purchase. On Tuesday, Shaun Donovan, Secretary of Housing And Urban Development, said that the Federal Housing Administration (FHA) informed lenders to allow first-time home buyers to use an $8,000 tax credit as a down payment on their purchase. Prior to this announcement,..(read more)
First-time buyers are dominating the real estate market right now. They have snapped up 53 percent of all properties sold during March 2009, up from the usual 40 percent or less, according to data from the National Association of Realtors. While declining home values have brought havoc on home sellers, owners and lenders, first-time buyers can celebrate the housing market bust, and may even help..(read more)
