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– Banked-owned sales no longer a bargain As demand rises, REO sale prices close to “normal.” In Miami, a foreclosure sells for 2.9% less; it’s 7.7% nationally. Survey: More renters think it’s time to buy More people expect home prices to rise along with rents and mortgage rates, suggesting...
– Gov. Scott meets Realtors at NAR convention Fla. governor heralds new drive to cut corporate taxes and gives Florida Realtors senior VP business ambassador award. Builder confidence in 55+ market skyrockets NAHB index triples, year-to-year, in third quarter. Confidence in older-adult housing at highest level since 2008.
– Election 2012: 3 property tax amendments pass Veterans, spouses get property tax relief and most PAC candidates win, but Amendment 4 fails to get needed 60% approval. NAR: Metro area home prices show stronger increases in 3Q, sales up National median existing single-family price was $186,100 in 3Q,...
– Calif. Realtors up ante in bulk sale fight Assoc. took an unusual step in its fight against bulk REO sales by federal agencies: It wants current leaders replaced. NAHB: 125 housing markets expand in Nov. Builders track six-month upswings in housing permits, employment and prices. Fla. has 12...
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– NAR: Short sale tax relief Call for Action If lenders forgive part of a mortgage in short sales, it’s legally income to sellers – and taxable by the IRS after Dec. Amendment 4 debate: ‘Yes’ outweighs ‘no’ “Yes on 4” debate shows weakness in foes’ position. When voting,...
