Real Estate News

  • Florida Leads Nation In Potential Job Growth

    April 15, 2011

    MIAMI – According to a Wells Fargo report released this week, Florida is No. 1 in potential job growth once the state shakes off lingering effects from the recession. The study looked at regional competitiveness – the factors that might lead employers to create jobs locally. To compile results, Wells Fargo analyzed 20 years of employment data and growth trends. It then projected future growth. While an expected boost in tourism post-recession played a part in Florida’s ranking, Wells Fargo also cited an expanded diversity in the state’s job market, such as the Scripps Research facility in Palm Beach County. [Read more]

    Categories: Press Releases 
    Tags: Trends,
  • Metrostudy: Housing shortage on the horizon?

    April 01, 2011

    WASHINGTON – Mike Castleman, founder and CEO of Metrostudy, which tracks real-time data of the country’s inventory of new homes, says a housing shortage is looming that will soon create a huge surge in demand for new homes. As such, now is the time to buy, he says. In the 41 cities Metrostudy covers, 78,000 houses are either vacant and for sale, or under construction – that is less than a quarter of the new homes that fell in that category during the housing boom in 2006 and way below the level of a decade ago. [Read more]

    Categories: Industry News 
    Tags: Housing shortage,
  • NAR: Feb pending home sales rise

    March 29, 2011

    WASHINGTON – Pending home sales increased in February but with notable regional variations, according to the National Association of Realtors® (NAR). The Pending Home Sales Index (PHSI), a forward-looking indicator, rose 2.1 percent to 90.8, based on contracts signed in February, from 88.9 in January. The index is 8.2 percent below 98.9 recorded in February 2010. The data reflects contracts and not closings, which normally occur with a lag time of one or two months. [Read more]

    Categories: Industry News 
    Tags: Home sales,
  • Vacation home sales surge higher

    March 23, 2011

    MIAMI – Vacation home and condominium sales in Florida, Hawaii and other states hit hard by the housing downturn have posted dramatic gains. In Miami, existing condo sales surged 58 percent during the year-over-year period ended in February; and statewide, condo and single-family home sales climbed 29 percent and 13 percent, respectively, due to low property prices and mortgage rates. [Read more]

    Categories: Industry News 
    Tags: Home sales,
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