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Real Estate News Archives

Foreclosure Activity Increases 7% in May
Foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 261,255 properties.

Miami Real Estate Report March 1, 2008
Miami is different than most other cities in the US, in that there is an international clientele for real estate and luxury homes.

Home Builders Remain Cautious as Buyer Traffic Improves in February
Builder confidence in the market for new single-family homes edged marginally higher in February.

Existing-Home Sales Rise in November, Market Likely Stabilizing
Existing-home sales rose slightly in November, indicating a stabilization in housing.

Existing-Home Sales to Trend Up in 2008
However, a recovery for new-home sales is unlikely before 2009.

Mortgage Fraud and Foreclosures
Foreclosures follow fast on the heals of mortgage and real estate fraud.

Orlando Median Price Inventory Hold Steady
The median sales price of a single-family home in the Orlando area held steady at $235,000 for the second month in a row.

August California Foreclosure Report Shows Foreclosure Auction Sales Up 10.4% Over July
9,477 properties - with a total loan value of $3.86 billion dollars - were sold at auction statewide.

NAR President Issues Statement on Bush's Proposed FHA Changes
The proposed changes will allow more people to refinance with FHA insurance, like those that have fallen behind in their mortgage because of so- called 'exploding ARMs'.

Maryland Sees 21.1 Percent Drop in Existing-home Sales for Quarter
Sales of existing homes fell in more than 40 states in the second quarter.

Real Estate Fraud Hits Hollywood: Fraud for the Rich & Famous
Most people consider mortgage fraud to be a victimless crime, but that is far from the truth. The way this type of mortgage fraud typically works is that the buyer obtains an inflated appraisal.

Dream of Buying a Home Can Become a Nightmare
As recently as 2005, borrowers with poorer credit could often secure mortgages through so-called subprime lenders with relaxed criteria.

Asian Home Buyers Shore up Atlanta Market
The attraction of Atlanta for a growing Asian population is one of the reasons why Atlanta's housing market has escaped the worst ravages of a national slump in housing sales.

Regional Spotlight: Northern California
Northern California's High-end and Luxury Home Sales Increase

Law firm's new practice to address real estate problems
Shutts & Bowen LLP has launched a complex loan workout practice group to focus on clients who are grappling with the effects of a slowdown in the real estate market.

U.S. Mortgage Rates Hold Their Ground
Fixed-rate mortgages remained flat and adjustable-rate mortgages moved just slightly over the week, according to Freddie Mac's weekly survey.

Real Estate Update - Existing home sales improve in January
Sales of existing homes rose in January, reaching the highest level in seven months, according to the National Association of Realtors?.

December Report - Real Estate - Existing Home Sales hit 17-year Low
Sales of existing homes fell in December, closing out a year in which demand for homes slumped by the largest amount in 17 years.

Florida Keys Waterfront Property Disappearing
Waterfront properties throughout the Florida Keys are being grabbed up by developers

Florida Real Estate - Foreclosures Increase Again in October According to Default Research
Just last month, the Florida foreclosure rate across the state increased by 21%

Home Prices Correcting, Buyers Returning to the Market
Home sales appear to be bottoming out with lower prices attracting buyers in many areas of the country, says NAR

Officially a 'Buyers Market'?
Existing-home sales were down modestly in June, and home prices were up slightly from a year ago, according to the National Association of Realtors?.

Real estate's July report card - Guest perspective: Will housing have a hard or soft landing?
The housing market has had four significant downturns in the last 20 years. The current downturn has been swifter than any of the prior four.

South Carolina Reverses Its Stance on Consumer Real Estate Incentives
Residents of South Carolina now entitled to valuable consumer incentives and rebates when using a licensed real estate brokerage to buy or sell a home

Commercial Real Estate Bright Spot in National Economy
Healthy demand for space is driving commercial real estate markets with solid fundamentals and strong investment activity, according to the latest Commercial Real Estate Outlook of the National Association of Realtors(R).

Home Sales Settling Down and Appreciation Slowing
Existing-home sales are projected to drop 6.8 percent to 6.60 million this year from the record 7.08 million in 2005. New-home sales are forecast to fall 13.4 percent to 1.11 million.

National Survey of Real Estate Professionals Reveals Confidence in the Real Estate Market
Findings of the third-annual Bryan Cave Real Estate Executives' Forecast Survey, released yesterday, show that nearly two-thirds (63 percent) of real estate professionals surveyed believe the United States real estate market will strengthen

Existing-Home Sales Slip in April
Existing-home sales eased in April on the heels of a two-month rebound, according to the National Association of Realtors?. Total existing-home sales - including single-family, townhomes, condominiums and co-ops - slipped 2.0 percent to a seasonally adjusted annual rate1 of 6.76 million units in April Survey Reveals Emotional Effects of Simultaneously Buying and Selling
Selling a home, especially in today's shifting market, can leave sellers feeling a bit unnerved when they think about hanging the 'For Sale' sign. It's even more intense for bridging homeowners -- those who decide to simultaneously sell one home and buy another -- and as anyone who's ever done it can attest, the process can send even the savviest of homeowners into a whirlwind of exhilarating highs and frustrating lows.

Push a pile of paper and bring in the dough
Sounds like a sweet gig. But ask real estate agents, especially new ones, and they'll tell you it's tough out there.The joke is old, but it goes something like this: A shopper at a checkout counter wants to write a check. "Sure," the clerk says. "I'll just need to see your real estate license."

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