Housing on track for best year since 2006

The residential real estate market, now at its midpoint in 2015, is on track for its best year since the peak of the housing bubble in 2006, notes realtor.com® chief economist Jonathan Smoke. But as Smoke is quick to point out, this time it’s not a housing bubble.

Fla.’s housing market shows positive trends in March

ORLANDO, Fla- April 19, 2012- Florida’s housing market had increase pending sales, higher median prices and a reduced inventory of homes for sale in March, according to Florida Realtors latest housing data. “With the continued steep decline of inventory, historically low, interest rates and buyers no longer willing to wait on the sidelines, Florida’s real […]

U.S. home-buying season finally signaling a recovery

WASHINGTON-April 16, 2012- Five years after the housing bust sent sales and prices plunging, the spring home-buying season is pointed to a long-awaited recovery.

Rate on 30-year mortgage falls to 3.88%

WASHINGTON-April13, 2012- The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making homebuying and refinancing a bargain for those who can qualify.

‘Tsunami’ of foreclosure complaints swamps Fla. Bar

TALLAHASSEE, Fla-April 12, 2012- The Florida Bar has fielded nearly 1,400 complaints against attorneys relating to the housing crisis, an unprecedented amount that has buried investigators and forced the group to rethink how it will handle widespread grievances in the future.

CoreLogic: Fla. home prices rising

Santa Anna, Calif -April 4, 2012 – CoreLogic today released its February Home Price Index (HPI) report. Excluding distressed sales, month-over-month prices nationally increased 0.7 percent in February from January, but fell year-over-year by 0.8 percent if distressed sales are backed out of the equation and 2.0 percent if they are included.

U.S. home re-sales complete best winter in 5 years

WASHINGTON-March 22, 2012- U.S. home sales are gradually coming back. A mild winter and a stronger job market have helped boost sales ahead of the crucial spring buying season.

The past two months made up the best winter for sales of previously occupied homes in five years, when the housing crisis began. And the sales pace in January was the highest since May 2010, the last month that buyers could qualify for a federal home-buying tax credit.

Housing Affordability Index Hits Record High

WASHINGTON- March 7, 2012- Housing affordability conditions have reached the highest level since record-keeping began in 1970, according to the National Association of Realtors. (NAR)

NAR’s Housing Affordability Index rose to a record high 206.1. January, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power.

Pensacola, FL Real Estate on the Rise

The real estate market in Pensacola and the rest of Northwest Florida has been on the rise this past year. The number of homes sold in September 2011 has increased 15% compared to the same time last year. The Northwest Florida market has increased 27%, comparing September 2011 to September 2008.

Pensacola, FL Rental Prices Keep Rising

It seems every time I search for a rental property, there are fewer rentals available and prices keep rising. Why is this? Is the economy improving or is it getting worse? There are a couple factors that have affected the price and availability of rentals. If you are in the market for a rental remember that they move quickly, so you can’t always take your time and think the property will still be on the market in two weeks.