Fri Jan 27, 2012 on Blog
Proof that the housing market is far from recovered, numbers released by the Commerce Department this week show new home sales at a record low for the sixth straight year. In 2011, the non-seasonally adjusted sales for were 302,000, down from 323,000 in 2010. The last time sales didn’t drop was 2005, when we saw 1.2 million sales. According to […]
Tue Jan 17, 2012 on Blog
More good news for home buyers from the Department of Housing and Urban Development, who said in their latest housing scorecard that homes haven’t been this affordable since 1971, when Richard Nixon was president. In this latest report HUD announced the October 2011 affordability index was 197.8. Compare that to the height of the house price bubble in 2006, when it […]
Sat Dec 17, 2011 on Blog
Florida is hovering around the average for growth in rental costs, seeing a 67 percent increase in the average rent from 2008, while still posting some of the highest home prices in the country. Check out the graphic below for some interesting numbers nationwide. We looked for a pattern between the states that saw the highest jumps in rent, and […]
Sun Dec 11, 2011 on Blog
South Florida real estate finally made a good list! Weston Title reports progress in South Florida residential real estate inventory as the most recent MLS data shows that South Florida active listings continue to go down and pending sales continue to rise, closing the gap to get Florida into recovery mode. “We are seeing an increase of closing services for […]