Housing News

Fla. No. 5 nationally as ‘best for business’

Jan 30th, 2012 | By Gregory Arzumanov | Category: Housing News

Wyoming, Florida and Texas rank among the 10 best states for taxes on business, while companies in states like New York, New Jersey and California have a far less pleasant tax climate, according to the Tax Foundations State Business Tax Climate Index, now in its 8th edition.
The Tax Foundation says it looks [...]



Scheduled home auctions hit 9-month high in Nov.

Dec 15th, 2011 | By Gregory Arzumanov | Category: Housing News

Fewer U.S. homes entered the foreclosure process or were taken back by banks in November, reflecting a seasonal pullback in foreclosure activity by lenders and mortgage servicers.
But for some homeowners already behind on their mortgage payments, the end-of-year slowdown isnt likely to provide much of a reprieve.
The number of homes in foreclosure [...]



Florida’s existing home, condo sales rise in 3Q

Nov 14th, 2011 | By Gregory Arzumanov | Category: South Region

ORLANDO, Fla. Nov. 9, 2011 Floridas existing home and existing condo sales continued to show gains in third quarter 2011 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors.
Existing home sales rose 12 percent in 3Q 2011 with a total of 46,759 [...]



Fla.’s home, condo sales and median prices higher in August

Oct 10th, 2011 | By Gregory Arzumanov | Category: Housing News, South Region

Sales activity and median prices for Floridas existing home and existing condo markets rose in August, according to the latest housing data released by Florida Realtors. Existing home sales increased 15 percent last month with a total of 16,206 homes sold statewide compared to 14,131 homes sold in August 2010, according [...]



Home-price index at lowest point since 2006

May 31st, 2011 | By Gregory Arzumanov | Category: Housing News, South Region

An index of home prices in the United States major metro areas has sunk to its lowest level since the housing bubble burst in late 2006.
Prices fell from February to March in 18 of the metro areas tracked by the Standard & Poors/Case-Shiller 20-city index. And prices in a dozen markets [...]



New-home sales plunged in February to record low

Mar 27th, 2011 | By Gregory Arzumanov | Category: Housing News

New-home sales plunged in February to record low
WASHINGTON (AP) March 23, 2011 Buyers of new homes plunged in February to the fewest on records dating back nearly half a century, a dismal sign for an already-weak housing market.
The Commerce Department says new-home sales fell 16.9 percent last month to a [...]



2011 prediction: Slow real estate recovery

Jan 3rd, 2011 | By Gregory Arzumanov | Category: Housing News, South Region

WASHINGTON Jan. 3, 2011 Pending home sales rose again in November, according to the National Association of Realtors, which says a gradual improvement has been the trend for past five months, indicating a gradual recovery into 2011.
The Pending Home Sales Index (PHSI), a forward-looking indicator, rose 3.5 percent to [...]



Florida’s existing condo sales up in 3Q 2010

Nov 11th, 2010 | By Gregory Arzumanov | Category: Housing News, South Region

ORLANDO, Fla. Nov. 11, 2010 Sales of existing condominiums in Florida rose 15 percent in third quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors. A total of 16,938 existing condos sold statewide in 3Q 2010; during the same [...]



Where do most people want to live?

Oct 21st, 2010 | By Gregory Arzumanov | Category: Housing News

NEW YORK Oct. 21, 2010 If you could live in any state, except the one you live in now, what state would you choose to live in?
The Harris Poll has asked this question every year since 1997. While California tops the list of most popular states to live in among Echo [...]



Wells Fargo pays $24M to end mortgage probe

Oct 8th, 2010 | By Gregory Arzumanov | Category: Housing News

WASHINGTON (AP) Oct. 8, 2010 Wells Fargo is paying $24 million to end an investigation by eight states probing whether lenders acquired by the company made risky mortgages to consumers without disclosing their perils.
The states said loans known as option adjustable rate loans, or pick-a-payment mortgages, were deceptive to [...]