National Real Estate Info
U.S. home prices jumped in April by most in 7 years
WASHINGTON – June 4, 2013 – U.S. home prices increased 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes. Real estate data provider CoreLogic says prices rose in April from the previous April in 48 states. Prices also rose 3.2 percent in…
Read MoreIRA can help a retiree qualify for a mortgage
WASHINGTON – June 4, 2013 – A policy revision at Freddie Mac – Fannie Mae has something similar – allows seniors to include money in their individual retirement account (IRA) or 401(k) to qualify for a mortgage, according to Kenneth Harney in the Washington Post. The change could allow baby boomers in retirement to…
Read MoreIs now the time to buy that Vacation Condo?
Prices in resort areas may have hit their bottom, but getting the right investment property without getting hurt takes planning and savvy. Q: I want to buy a vacation condo and rent it out as an investment. What are the pros and cons? I want to start small and buy with cash. Is this the time to…
Read MoreFlorida Housing Market Continues Positive Trend in 2013
ORLANDO, Fla. – March 21, 2013 – Florida’s housing market reported more closed sales, rising median prices, increased pending sales, more new listings and a reduced inventory of homes for sale in February, according to the latest housing data released by Florida Realtors®. “Each month brings more positive signs for the state’s housing market,” says…
Read MoreReviving the Economy in 2013
Per the New York Times, the Federal Reserve will be holding rates down until the jobless rate is below 6.5%. November jobless rate was at 7.7 percent. They will be maintaining their efforts to revive the economy in the New Year by continuing their monthly purchases of $85 billion in Treasury bonds and mortgage-backed securities. …
Read MoreSigns Point to A Busy Season
Overall home sales jumped 12% in the third quarter of 2012 in the Naples real estate market and inventory continues to decrease. Most of the increase took place in the $300,000 – $500,000 price range and in the $1 million to $2 million category. “The Naples area has just moved from a buyers’ market to…
Read MorePremier Sotheby’s International Realty Ranked in Top Brokerages in the Nation
Firm Listed as Top 20 with Highest Average Sales Price Naples, Fla. (May 16, 2012) Judy Green, President and CEO of Premier Sotheby’s International Realty, Southwest Florida’s leading luxury brokerage, announced today the firm was ranked by 2012 REAL Trends 500 as No. 46 of the Top 500 Brokerage Companies in the U.S. by closed…
Read MoreSotheby’s International Realty Expansion for 2011
Sotheby’s International Realty Brand grew its worldwide network in 2011 by more than 7 percent, ending the year with more than 600 offices and nearly 12,000 sales associates located in 45 countries and territories worldwide. Sotheby’s International Realty network has also reported a 24 percent year-over-year increase in US transaction sides closed by its affiliated…
Read MoreAffordability Increases Per Data From NAR
The National Association of Realtors’ (NAR) Housing Affordability Index reached a record high in January of this year. NAR calculates the index monthly and takes data from median home price, median family income, and average mortgage interest rate. It measures the affordability of a median-priced, existing single-family home by a median-income-earning family. The higher the…
Read MoreThe Housing Market Has Bottomed…
Jamie Dimon is head of USA’s largest bank with 2.2 trillion in assets and operations in more than 60 countries. According to an interview with the CEO of JPMorgan Chase, “you better buy that house you want really soon because it’ll change in price right away”. People think housing is terrible, but the early indicators…
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