– CoreLogic: Foreclosures drop again in June Completed sales at pre-crisis level, suggesting recovery. Fla. No. 1 in percent of inventory, No. 2 in total number. July consumer confidence up after four declines U.S. consumers’ outlook bounced back three points in July based on higher short-term business and employment...
– As home values rise, property taxes increase In one South Florida city, however, commissioners will consider a lower tax rate so homeowners don’t have to pay more.
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– More owners would consider strategic default In Nevada, 45% say there’s “nothing wrong” with walking away from a mortgage; nationally, 41% might consider it. Fla. advocate slams state insurance company State Insurance Consumer Advocate: Citizens needs to discount hurricane mitigation upgrades; if not, owners won’t do it.
– U.S. industrial real estate bouncing back Jones Lang LaSalle: Australian investor to sink $1.5 billion in U.S. industrial real estate. Five factors causing boom. Pending home sales down for month, up for year NAR: Fewer listings leads to fewer pending contracts. Index down 1.4% in June, 9.5% higher...
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– Zillow says it’s official: Market hit bottom Experts still question Zillow’s statistics, but latest forecast could convince skittish buyers to jump into the market. Foreign home searches drop as prices rise Trulia: As prices rise, interest from int’l buyers declines. But six Fla. cities in the top 10...
