Monthly Archives: August 2015

South Florida housing market tops in state, report says

south Florida’s housing market ranks as the most stable in the Sunshine State, according to a report Wednesday from mortgage company Freddie Mac.

The metro area of Palm Beach, Broward and Miami-Dade counties scored 82.4 in June on Freddie’s Multi-Indicator Market Index, up 14 percent from a year ago.

The index measures local and state housing markets by tracking home loan applications, affordability, mortgage loan delinquencies and employment. A score of at least 80 is considered favorable or stable. A perfect score is 100.

Read more…

http://www.sun-sentinel.com/…/fl-freddie-mac-housing-201508…

www.RSF-TRUST.com
‪#‎RealtyServicesFlorida‬
‪#‎JeanDeglon‬

Advertisements

COMING SOON! Luxury & Elegance at The Lakes – Weston!

COMING SOON! Luxury & Elegance at The Lakes – Weston!

524 Stonemont Lane WestonBreathtaking residence in sought after community of The Lakes in Weston. Throughout this 3,541 sq. ft. property, experience exquisite luxury & elegance. This stunning, fully upgraded 5 bedroom, 4 bath home features an open & split floor plan. Vaulted ceilings, tile floors, stainless steel appliances & Master Bath w/frame less showers, dual sinks & Roman tub are only a few of its many attractive characteristics. Enjoy the inviting tropical fenced backyard w/Jacuzzi & pool. A+ rated schools & more!

 

 

Do you want to know about Broward County Town House and Condos for Florida Real Estate statistics for Q2 2015 ?

www.RSF-TRUST.com
‪#‎RealtyServicesFlorid‬
‪#‎RealEstateFlorida‬

Town_p1 Town_p2

Do you want to know about Broward County Single Family Homes for Florida Real Estate statistics for Q2 2015 ?

www.RSF-TRUST.com
‪#‎RealtyServicesFlorid‬
‪#‎RealEstateFlorida‬

Single_p1 Single_p2

What do differ between an FHA process and a Conventional one?

 

  • Conventional: In a typical real estate transaction, where a conventional (non-government-insured) home loan is being used, the appraiser is mostly concerned with the current market value of the property in question. That is his primary objective when visiting the house. He is only concerned with the condition of the property as it relates to the value.
  • FHA: When an FHA loan is being used, the appraiser has two objectives. The Department of Housing and Urban Development (HUD) requires him to determine the current market value, as with any appraisal. But they also require a property inspection to make sure the home meets HUD’s minimum standards for health and safety. This is the “double duty” mentioned earlier. It’s what makes the FHA appraisal process unique.

Read more: RSF-TRUST website

 

Peebles pulls out of Miami Beach condo project

Developer Don Peebles is pulling out of an ultra-luxury condo project he had planned for an oceanfront property in Miami Beach.

Peebles has put the small lot at 6747 Collins Ave. on the market for an undisclosed price, a spokeswoman confirmed Tuesday. The original plan for the project, called the Bath Club Estates, was to build a 15-story tower with just 13 units, including a 9,000-square-foot penthouse marketed for $50 million.

Read More…

http://www.miamiherald.com/news/business/real-estate-news/article31470118.html

http://www.RSF-TRUST.com
#RealtyServicesFlorida
#JeanDeglon

Home prices may be rising too fast

South Florida home prices posted steady gains in the second quarter, but slower growth would be better for the housing market long term, according to a new report.

The median price for single-family homes in Palm Beach, Broward and Miami-Dade counties was $289,900, up 7.4 percent from the second quarter of 2014, the National Association of Realtors said Tuesday.

The median for condominiums rose 7.1 percent to $156,300. The median means half sold for more and half for less.

Read More…

http://www.sun-sentinel.com/…/fl-second-quarter-home-prices…

www.RSF-TRUST.com
‪#‎RealtyServicesFlorida‬
‪#‎JeanDeglon‬