As skyrocketing prices soar above the condo high-rises that dominate the Miami skyline, investors money has receded to more oxygen-rich segments. Though condo sales are slacking, funds continue to pour into the Miami real estate market. Commercial property seems to be the target rich area as 2016 came to a close and 2017 launches […]
President-elect, Donald Trump has not officially been sworn into office, but Republicans in Congress are wasting no time in passing legislation that seems to foreshadow his political agenda. Dodd-Frank was put into action by the Democrats in Congress, and with the full backing of President Obama, in 2010 for the sole purpose of trying to […]
For many years, it has seemed that new home builders were ignoring first time home buyers to focus on the most lucrative demographics in the middle to high-end home market. The housing market had made it apparent that in this post-recession time that prices are rising quickly and first time home buyers have been priced […]
H.R. 3700 is now law. The Housing Opportunity Through Modernization Act was activated by the signature of President Obama back in July 2016. The National Association of Realtors (NAR) has lauded this bill as a significant step in creating more availability and removing road blocks in the obtaining of mortgage credit in the condo […]
Refinance numbers have launched up above the peak of 2012. Today, there appear to be more than 8.7 million refi candidates in the market. This seems to be the result of the U.S. Treasury bond market which has seen a significant bump as investors shifted their interest after Brexit. Even though refinance rates have only […]
Court Deems Unconstitutional The U.S. consumer watchdog’s structure has been deemed unconstitutional by the U.S. Appeals Court. The court pointed out that too much power was put into the hands of one agency director. The Consumer Financial Protection Bureau, or CFPB, has been under fire since its creation following the financial crisis of 2008-2009. The […]
A New Profit Center It is no secret that China is the second largest economy in the world, but what many in South Florida are finding out is that they are using their resources to purchase property in the area. For many years realtors have been dreaming of tapping into this almost endless resource. Finally, […]
US Treasury department has been busy since launching its newest anti-money laundering campaign. This time, the press has been on shutting down illegal funds entering the country from foreign investors. These investors, usually purchasing property in excess to 2 million, come from countries such as China and those in the Middle East. The process is […]
This summer not only saw record-breaking heat across the nation, it saw new home sales reach levels not seen over the past nine years. Thanks to a surge in demand, a continuation of the low-interest rate environment, and low existing inventory the housing market climbed. According to the Commerce Department, sales have been showing an […]
Florida’s real estate market has followed a mixed pattern since the financial collapse nearly a decade ago. While there has been a significant recovery since 2008, data from the summer of 2015 shows continued increases, while some industry insiders have concerns.