– CoreLogic: June home prices up 11.9% year over year In Fla., price index rose 11% year-to-year and 1.9% month-to-month. It’s the nation’s sixteenth consecutive monthly increase in home prices.
– Mortgage closing costs up 6% over past year Bankrate.com study: Fla. closing costs increased year-to-year more than most states. A $160K mortgage costs $2,517. Only eight other states charged more. Need flood insurance answers? FEMA to host webinars Webinars are for lenders, but FEMA encourages Realtors to join...
– Family homebuyers optimistic about housing recovery Survey: More current homeowners are ready to move up. Millennials (adults ages 18-34) have the strongest desire and see it as a smart financial move. How does the health insurance law impact you? The Obama Administration unveiled a new educational website. Employers...
– Home prices to stabilize or fall in 6 Fla. cities CoreLogic Case-Shiller: In 1Q, home prices in six Fla. cities rose 9.5% to 14.6%. Study predicts stability by 2014, with a slight price decline in three cities.
– UF: Florida’s consumer confidence dips unexpectedly Despite state’s good economic news, the July index dropped 3 points, likely due to younger residents feeling more pessimistic about current and future finances.
– CoreLogic: 55,000 completed foreclosures in June Homes in pre-foreclosure dropped 28% for year, though Fla. retains dubious status: No. 1 for completed foreclosures and No. 1 for inventory. Consumer confidence drops slightly in July Confidence increased year-to-year but was down for the month. U.S. consumers felt better about...
– Pending home sales slip slightly in June That may be good, however. Rising interest rates deterred a few buyers, and an increase in sellers could be the start of a comfortable market balance.
– Fla. school ratings decline under new standards State has 39% fewer “A” schools this year and 167% more “D” schools under stricter testing standards. Buyers shopping for good schools may be taken aback. Renters say homeownership a top priority NAR survey: Now, more than in past three years,...
– In U.S. cash sales down, short sales up RealtyTrac’s first residential report: In Fla., 57% of June’s sales were for cash; short sales made up 29% of all sales, and investors were involved in 12%. NAR approves realtor.com changes to stay competitive NAR’s board agreed to change existing...
– Fla.’s housing market trending up in June 2013 Single-family home sales rose 8.6% year-to-year while prices rose 15.1%. Condo-townhome sales fell slightly by 2.5%, but prices are up 18.2%. FHFA: House price index up 0.7% in May Fed looks only at single-family home sales under Fannie Mae and...
