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U.S. Housing Affordability Index Set to Break Annual Record in 2012

By Michael Gerrity, World Property Channel on January 9, 2013 10:59 AM According to the National Association of Realtors (NAR), 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage. NAR’s
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Banks Agree to $8.5B Settlement Over Foreclosure Errors

Posted by GLOZAL on January 9, 2013 at 2:31pm Ten major banks have agreed to pay more than $8.5 billion in a settlement with federal regulators over lenders’ past mistakes in processing foreclosures. About $3.3 billion of the settlement is to help 3.8 million eligible home owners who
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Miami Pending Sales Rise 52 Percent in November

Submitted by Lynda Fernandez on December 28, 2012 – 10:30am in Press Miami, FL – The total number of listings, including single-family homes and condominiums, that pended* in Miami-Dade County during the month of November increased 52 percent, from 2,226 to 3,374, year-over-year
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Ian Schrager’s Residences at the Miami Beach Edition launches sales

The Residences at the Miami Beach Edition officially launched sales today, the project announced today. The offering includes 26 condominium units designed by John Pawson at the 18-story Edition hotel, a Marriott property on Miami Beach that will open in 2014 under the direction of ho
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    What’s Ahead in 2013? New Year Home Loan News

    Homeowners and homebuyers have a lot to keep track of as we head into 2013. Here’s a quick overview of the top stories to watch over the next few months. The Fed In their final meeting of 2012, the Fed vowed to continue the third round of their Bond buying strategy (known as Qua
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    Home prices to jump 20% next year: Bob Toll – Impact Players

    December 17, 2012 Bob Toll, executive chairman of Toll Brothers, tells Reuters Impact Players host Robert Wolf that home prices are about to rebound significantly, climbing 20% next year and another 25-30% in 2014. His top pick when he’s looking to build? New York City. Wolf is an out
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    Bay Harbor Islands sees development boom

    December 13, 2012 11:15AM The city of Bay Harbor Islands could be home to seven new residential towers, according to a report from brokerage and consultancy Condo Vultures. Of the seven towers, four are slated to become condominiums, for an overall total of 370 units. The number of ne
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    Large Percentage of U.S. Housing Markets Now Enjoying Improving Conditions in December

    By Michael Gerrity, World Property Channel on December 6, 2012 10:53 AM According to the National Association of Home Builders/First American Improving Markets Index (IMI), the number of housing markets considered “improving” surged by 76 to a total of 201 metros in Decemb
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    Allure of Brickell, downtown Miami drives up rental rates

    Posted on Friday, 11.23.12 Rents are rising in Miami, especially in the sizzling Brickell/downtown areas where vacant units are snapped up quickly amid strong demand for the urban lifestyle and amenities. BY MARTHA BRANNIGAN MBRANNIGAN@MIAMIHERALD.COM When Brett Smith rented a condo a
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    Zillow CEO Talks Housing, Mortgage Availability and HotPads on Bloomberg

    DATE:NOVEMBER 27, 2012 | CATEGORY:ZILLOW | AUTHOR:JILL SIMMONS Zillow CEO Spencer Rascoff appeared on Bloomberg’s “Market Makers” this morning. Rascoff tells Bloomberg we’re through the worst of the housing recession, and home shoppers are back. Nationally, home values should rise nea
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