Tag Archives: buy in florida

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…

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

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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

 

Foreclosure rate falls in South Florida

The foreclosure rate in Miami-Dade and Broward continues to fall as the economic recovery heals the local housing market.

The percentage of Miami-Dade homes in foreclosure in May was 3.68 percent, according to a report from the property analytics firm CoreLogic released Tuesday.

That’s down from 3.88 percent in April and 6.61 percent in May 2014.

Read More…

http://www.miamiherald.com/news/business/real-estate-news/article29094796.html

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Do you want to know about Broward County Florida Real Estate statistics for June 2015?

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Miami-Dade property values up 8.6 percent

Property values surged 8.6 percent across Miami-Dade last year, priming local governments for a windfall in tax revenue in 2016 and offering another measure of a surging real estate market.

New estimates from the county’s Property Appraiser detail the second housing boom under way along the coast, with waterfront cities posting some of the largest gains. Sunny Isles Beach took
the top spot, with a 15.7 percent gain. No city saw more valuable new construction than Key Biscayne, which recorded an additional half-billion dollars’ worth of real estate when 2015 began.

Read more…

http://www.miamiherald.com/news/local/community/miami-dade/article22809420.html

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SELL YOUR HOME within 60 days!

BUY YOUR NEXT PROPERTY at the best market price!
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South Florida home prices rose in March

Home prices in South Florida rose for the 38th consecutive month in March, according to the S&P/Case-Shiller Home Price Indices, a closely watched barometer of the housing market.

Resale values for single-family homes in Miami-Dade, Broward and Palm Beach counties were up 8.7 percent in March 2015 compared to March 2014.

Read more …

http://www.miamiherald.com/news/business/real-estate-news/article22333014.html

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ARE YOU LOOKING FOR A PLACE TO RENT?

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Keller Williams Realty Partners SW
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