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Brevard County Florida Real Estate News Archive

U.S. home prices jumped in April by most in 7 years
CoreLogic: Home prices soared 12% in April year-to-year and 3.2% month-to month - the biggest gain since Feb. 2006 as buyers competed for fewer listings 
Read more.

Fla. consumer confidence hits post-recession high
UF: Consumer attitudes in Fla. haven't been this high since Aug. 2007. Confidence index rises for third month in a row, topping out at 82 in May. Read more.

U.S. home prices rise 10.9% – most since 2006
S&P/Case-Shiller: Prices jumped 10.9% in March year-over-year and in all 20 cities measured. Still, prices remain about 29% below their July 2006 peak. 
Read more.

Home prices rose in Feb. by most in 7 years
CoreLogic: National home prices rose 10.2% year-to-year in Feb., and 0.5% month-to month. It's the strongest price increase since March 2006. Read more.

U.S. home prices rise 8.1%, most since June 2006
The S&P/Case-Shiller index found prices rose in all 20 metro areas it tracks from Jan. to Jan. In Miami, prices were up 10.8%; in Tampa, 8.9%. 
Read more.

Forget 'improving' or 'rebound' - Fla. is 'on fire'
Fla.-based John Burns senior V.P. says home and land prices are rising rapidly in the state. Older adults and foreign buyers are back as foreclosures decline. Read more.

Fla.'s housing market continues upswing in Jan.
Existing home sales up 11.7% year-to-year, price up 12.4%; condo sales up 2%, price up 18%. NAR: Sales up 9.1% year-to-year, single-family price up 12.6%. 
Read more.

Homes for sale are in short supply
Some experts say prices need to go higher so sellers with a wait-and-see attitude will enter the market, add to inventory and balance buyer-seller demand. Read more.

FHA to tighten some loan rules
Some changes could make it more difficult for a buyer to qualify. Amount over $625,500? You now need 5% down. Lower credit scores also impacted. Read more.

Fla.'s housing continues positive track in Dec.
Home sales up 15.8% year-to-year, prices up 14.1%; condo sales up 8.6%, prices up 26.3%. NAR: Dec. sales slip 1% from Nov. but up 12.8% year-to-year. Read more.

Fla.'s housing continues upswing in Nov.
Home sales up 24% year-to-year, prices up 11%; condo sales up 18%, prices up 23%. NAR: Sales up 6%, prices up 10%. Read more.

Rising costs could dampen new-home market
The price of new homes today could seem like a bargain in a few years, as raw material costs rise faster than inflation. Read more.

Foreclosure cases are moving like mud
Fla.'s courts are treading water in clearing foreclosures: over past 4 months, 69,513 closed, 69,078 new cases added. Read more.

Sizzle returns to S. Fla. housing market
Many homes get multiple offers due to a tight inventory and high demand from first-time buyers and investors. Read more.

Cheaper homes coming on strong
CoreLogic: Not all price increases created equal. Lower-value homes rose 10% year-to-year - higher-value homes up 7.6%. Read more.

Holiday gift: foreclosure evictions on hold
Fannie, Freddie: Foreclosure process continues, but no one will be evicted over holidays; many other banks to do same. Read more.

Home prices rise in Oct. by most in 6 years
CoreLogic: Home prices up 6.3% over Oct. 2011, enticing buyers to jump into the market before prices rise even more. Read more.

FHA extends flipping waiver through 2014
Homes bought with FHA loans cannot be resold for 90 days, but a waiver of that rule has been extended through next year. Read more.

Oct. pending sales highest in five years
NAR: Signed contracts rose 5.2% since Sept. and 13.2% since Oct. 2011; in South, up 5.5% for month, 17.4% year-to-year. Read more.

Banks favor short sales over forgiving debt
Mega-bank settlement was supposed to keep more people in their homes, but most money is being applied to short sales. Read more.

New home starts on fastest pace in 4 years
Commerce Dept: Oct.'s rate of 894,000 is up 3.6% from Sept. and 87% higher than April 2009's recession-low pace. Read more.

Fla. housing continues growth in Oct.
Home sales up 25% year-to-year, prices up 9%; condo sales up 16%, prices up 20%. NAR: Sales up 10.9%, prices up 11.1%. Read more.

Foreclosure starts, completions down in Oct.
Nat'l repossessions down 19%, process starts down 8%. Court states, however, saw uptick. In Fla.: 1 in 312 mortgages. Read more.

 

Banked-owned sales no longer a bargain

As demand rises, REO sale prices close to "normal." In Miami, a foreclosure sells for 2.9% less; it's 7.7% nationally. Read more.

Fla. housing continues upswing in Sept.

Market stable and growing: Sales up 2%, prices up 7.4%, pending up 40%. NAR: Prices up 11.3%, sales down 1.7%. Read more.

A new housing boom by 2015?

Most economists agree: Housing's rebounding. But a few bullish forecasts expect record-high sale prices in three years. Read more.

House flipping is back

Rising home prices and a high inventory of fixer-uppers make flippers' buy-rehab-sell strategy profitable once again. Read more.

 

Homebuyers frustrated by low inventories

Multiple bids and limited inventories have changed the market, causing some to postpone a purchase. Read more.

Economists: Fla. to add 905,500 jobs by 2018

State economic conference touts recent job growth, home sales, home starts and even the upswing in tax revenues. Read more.

 

New homes: Monthly price increase a record

New homes sold for 11.2% more in Aug. than in July. Year-to-year, prices were up 17% and sales 27.7%. Read more.

 

Case-Shiller: Home prices up again in July

"The index's same-sales method is highly accurate," says Florida Realtors' economist. "This rebound seems to have legs." Read more.

Consumer confidence jumps to 7-month high

Index rose to 70.3 from 61.3 in August - its highest reading since Feb., when the economy added 259,000 jobs. Read more.

Home prices post first yearly gain since '10

S&P/Case-Shiller: National prices up 0.5% since June 2011 - first year-over-year increase since buyer tax credit ended. Read more.

58,000 completed foreclosures in July

CoreLogic: In July, Fla. had most homes in foreclosure inventory: 11.2% of all mortgages - but nation improves. Read more.

NAR: Pending sales at two-year high

Economist predicts 9% to 10% jump in sales by end of 2012, with 26% increase in new home starts, rising to 50% in 2013. Read more.
Fla. housing market continues positive track
Single-family sales up 7.2%, prices up 8.9%; condo sales up 5.4%, prices up 14.3%. NAR: May sales up 9.6% over year ago. Read more.
Homes no longer yours for a steal
Lowball offers went the way of the dinosaur. Sellers reject them fast when inventory tightens and multiple bids roll in. Read more.
Errors buyers make as seller’s market looms
Some homebuyers don't realize that Fla.'s housing markets have changed, and sellers aren't "desperate," Realtors say. Read more.
Inventory of unsold homes lowest in 5 years
CoreLogic: Two-month price increase not seen since tax credits; underwater homeowners boost inventory by not selling. Read more.
Real estate still drives Florida's economy
Fla.'s biggest private industry, real estate made up 15.6% of GDP in 2011, though it generates less than pre-recession. Read more.
Inventory of for-sale homes declines
Realtor.com: Inventory of for-sale homes, all types, down 20% in May compared to year-ago; Tampa Bay metro down 39.76%. Read more.
Homebuyers find market not as expected
Less "move-in ready" homes and shrinking inventory prompt bidding wars in some areas, leaving buyers with fewer options. Read more.

 


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