REAL ESTATE NEWS
First-time home buyers can have a tough time sorting through real estate terms spewed by real estate agents, lenders, real estate attorneys and other real estate professionals.
Trulia TRLA -4.16%’s Chief Economist reveals the latest findings from the Trulia Housing Barometer. The recovery has now entered a new phase as mortgage rates rise and inventory expands.
August Buying Advice: Priced out of a backyard? Here’s what you need to know before you buy a condo.
National residential property prices in the United States have increased by 9.3% over the last year and 1.6% over the last quarter, according to the latest index to be published.
A barometer of South Florida house prices increased in May for a 17th consecutive month. The Standard & Poor’s/Case-Shiller index, released Tuesday, rose 14.2 percent from a year ago.
The housing recovery may have hit its strongest point yet. Home prices in May were up 12.2 percent from a year ago, the biggest jump since February 2006.
“The Miami real estate market is experiencing significant strengthening as we continue to see greater demand than supply”, – said Chairman of the Board of the MIAMI Association of Realtors Natascha Tello.
We are a country of optimists, and nowhere can more be found per square inch than the investors who are buying up the south Florida real estate market. We’re not sure how this not-so-little gem escaped their notice since it’s been billed as Miami’s most expensive piece of real estate and has been on the market for $60 million since the spring.
A home on the private island Indian Creek has sold for $47 million and the real estate agents say it was the most expensive sale in Miami’s history.
Miami’s real-estate market has been hot lately, spurred largely by an influx of wealthy foreign buyers purchasing second homes with cash.