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Palm Beach County: Home Sales Hit 18-Month Low
Housing market reports for October 2015 are now available. Below are the year-over-year figures for Palm Beach County from the Realtors® Association of the Palm Beaches (RAPB). RAPB is the 6th largest local association in the country representing over 14,000 REALTOR® members involved in all aspects of residential, commercial, and global real estate throughout Southeast Florida and the Treasure Coast.
Governor Beshear Presents $1.5 Million for Paducah Riverfront Redevelopment Project
Governor Steve Beshear today ceremonially presented more than $1.5 million in state funding to support Paducah’s Riverfront Redevelopment Project, which aims to transform the community’s Ohio River shoreline.
October Marks More than Four Years of Price Appreciation in Miami
The Miami-Dade County real estate market continued to strengthen in October as properties sold fast and near asking price and sales prices again increased, according to a new report by the 41,000-member MIAMI Association of REALTORS® (MIAMI) and Multiple Listing Service (MLS) system
Illinois home prices climb in October; Sales lower amid tighter inventory
The Illinois statewide median price experienced a 6.3 percent annual gain in October. Sales declined slightly as available housing inventory tightened, according to the Illinois Association of REALTORS
California home sales and price decrease in October as affordability crunch impacts housing market
California’s housing market softened in October as both statewide sales and median price contracted from the previous month and is still on target to meet forecast projections, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
South Carolina REALTORS® Release October Housing Market Data
The reports reveal the number of homes, condos and villas sold compared to last year has declined by more than five percent, while the average days on market is also down by 12 percent compared to last year.New listings also decreased by almost seven percent to 7,693 along with Pending Sales which decreased ten percent to 4,798
FHA Fund Achieves 2 Percent Capital Reserve Requirement
The Federal Housing Administration today released its 2015 Actuarial Review, a financial assessment of the Mutual Mortgage Insurance Fund, and the review shows that the fund has strongly rebounded, achieved greater overall health, and seen increased access to safe mortgage financing as cuts to FHA's annual mortgage insurance premium have taken hold.
Miami Real Estate Continues Strong Momentum in 3Q
Miami-Dade County real estate posted a robust third quarter as total residential sales, single-family home transactions, existing condo transactions and median prices grew compared to the same period in 2014, according to a new report by the 40,000-member MIAMI Association of REALTORS® (MIAMI) and the local Multiple Listing Service systems
Existing-Home Sales on Track for Further Expansion in 2016
Following the housing market’s best year since the recession, existing-home sales are expected to increase in 2016 at a moderate pace; although affordability pressures from inventory shortages and rising mortgage rates could slow the potential for even stronger sales momentum, according to an economic forecast forum here at the 2015 REALTORS® Conference & Expo.
Fla.’s Housing Market Continues to Show Gains in 3Q 2015
Florida’s housing market reported more closed sales, higher median prices, a tighter inventory and fewer days on the market during the third quarter of 2015, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 74,141 in 3Q 2015, up 14.7 percent over the 3Q 2014 figure.
October Market Report
Memphis-area home sales for October decreased 3.5 percent from a year ago, with 1,336 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 6.2 percent from September, when there were 1,424 total sales. Average sales price from October-to-October was up 4.3 percent, at $156,692. Inventory decreased 1.8 percent, with 6,291 units listed for sale. Monthly sales volume YTD increased 6.8 percent to $2.20 billion.
Third Quarter Commercial & Multifamily Mortgage Originations Up 12 Percent Year-over-Year
According to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter 2015 commercial and multifamily mortgage loan originations were 12 percent higher than during the same period last year and three percent higher than the second quarter of 2015.
Mayor Walsh Announces Federal Reserve Bank of Boston Will Participate in the Mayor’s Carbon...
Monday, November 9, 2015 - Mayor Martin J. Walsh announced today that the Federal Reserve Bank of Boston joined the Greenovate Boston Mayor's Carbon Cup - a commitment to reduce their greenhouse gas emissions intensity by 35 percent by 2020. Mayor Walsh recognized their commitment this afternoon at the fifth anniversary meeting of the Green Ribbon Commission.
Mortgage Credit Availability Increased in October
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool
First American Homeownership Progress Index Falls 1.6 Percent In 2014
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released its inaugural First American Homeownership Progress Index, which tracks homeownership rates and the underlying demographic and economic factors that influence the probability of homeownership at national and state levels over time.
USDA Provides $314 Million in Water and Waste Infrastructure Improvements in Rural Communities Nationwide
USDA Secretary Tom Vilsack today announced loans and grants for 141 projects to build and improve water and wastewater infrastructure in rural communities across the nation. "Many rural communities need to upgrade and repair their water and wastewater systems, but often lack the resources to do so," Vilsack said. "These loans and grants will help accomplish this goal. USDA's support for infrastructure improvements is an essential part of building strong rural economies."
USDA Announces Commodity Credit Corporation Lending Rates for November 2015
The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced interest rates for November 2015. The CCC borrowing rate-based charge for November is 0.250 percent, down from 0.375 percent in October
Alexander: Obama’s “So-Called Clean Power Plan” Will Drive Up Energy Prices in Tennessee, Disadvantage...
U.S. Sen. Lamar Alexander (R-Tenn.) joined 49 senators in supporting legislation to disapprove EPA’s carbon regulations for new and existing power plants, saying the regulations are harmful to Tennessee utilities.
Stress Test Results Inject Confidence into Florida’s Homeowners’ Insurance Market
Chief Financial Officer Jeff Atwater knows that Florida’s homeowners carry insurance to protect their property in the event of an emergency, natural or otherwise. Floridians have seen the costly destruction hurricanes can cause as well the financial volatility that storms can create in the property insurance market. Each year, the Office of Insurance Regulation tests the financial soundness of property insurance companies that conduct business in the state of Florida to ensure they can withstand the catastrophic losses generally associated with major storms.
New-Home Sales Drop 11.5 Percent in September
Sales of newly built, single-family homes fell 11.5 percent to a seasonally adjusted annual rate of 468,000 units in September, according to newly released data from HUD and the U.S. Census Bureau