– CoreLogic: Fewer homes underwater 22.3% of residential homes in U.S. with a mortgage underwater in 2Q, compared to 23.7% in 1Q; in Fla., 43% underwater. NAR: Terrorism risk insurance vital to commercial real estate Fed-backed terrorism coverage needed for commercial real estate growth, NAR tells a U.S. House...
– FHFA sells 699 Fla. REOs to investor In joint venture, San Diego-based Pacifica to pay $12.3M down, manage properties and give FHFA a cut of future profits.
– Medical debt bill could help credit scores if passed If bill became law, it would remove medical debt from credit scores within 45 days of payment, qualifying more buyers.
– Multifamily market continues to improve in 2Q NAHB: Multifamily Production Index rose for 8th quarter in a row to 54 – highest since 2Q 2005 despite tight financing. Home asking prices up 2.3% in Aug. over year ago, claims Trulia Trulia says its asking prices for homes rose...
– Homes selling quickly, time on market down NAR: In July 2012, homes sold in about 69 days, or 29.6% faster than the 98 days it took in July 2011. Court: Chinese firm must pay for defects Taishan Gypsum says it didn’t sell drywall directly in U.S.; judge says...
– CoreLogic: July home price index up 3.8% year-over-year CoreLogic: National selling prices had largest increase since 2006 – and prices have risen for five consecutive months.
– Tropical Storm Isaac will cost owners less Most Fla. insurance policies have high hurricane deductibles – but Isaac wasn’t one and tropical storms don’t count. Survey: Buyers frustrated by lack of inventory Survey: 46% say it’s good time to buy, but only 32% say it’s a good time...
– NAR neighbor award has Fla. Realtor finalist Kathleen Peck of All in One Realty Group in Naples is a Good Neighbor Award finalist thanks to her work with the blind. Fla. seeks feedback on greenways and trails How should your community preserve and protect the environment? Park Service...
– NAR: July pending home sales rebound In July, pending sales hit their highest level in two years. Index rose 2.4% in one month and 12.4% since July 2011. UF: Fla. consumers more confident than most UF: U.S. consumer confidence declined in Aug., but Fla. held its own. UF...
– Consumer Confidence Index down in August Less rosy outlook about jobs and business sparked decline, but consumers felt a bit more upbeat about personal finances. NAR: Commercial real estate recovering at slower pace The fundamentals are still positive, but slow job growth and tight lending rules have tempered...
