Premier Property Group Blog

Pending sales spike 20% in some regions of the country.

August 3, 2011

Pending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago. The Pending Home Sales Index,* a forward-looking [...]

U.S. home prices up for the first time in 8 months in 20 of the largest markets.

June 28, 2011

New York – The price of single family homes in the 20 biggest U.S. metropolitan areas rose in April by 0.7 percent over the preceding month, the first monthly increase in eight months, according to the Case-Shiller report released Tuesday by Standard and Poor’s. “In a welcome shift from recent months, this month is better [...]

International buyers span the global markets.

May 15, 2011

This spring, Russian billionaire Yuri Milner paid $100 million for a French chateau-style mansion in Silicon Valley, setting a record for the highest price ever paid for a single-family home in the U.S. In January, Ukraine’s Rinat Akhmetov closed on two of London’s most expensive apartments ever for a combined $222.5 million. In Paris, a [...]

Florida gets $1 billion in foreclosure aid.

April 5, 2011

A $1 billion federal program now stretching statewide could keep 40,000 Floridians from losing homes to foreclosure. Officials from the Florida Housing Finance Corp. will announce the expansion date for the Hardest Hit Fund, which started with a pilot program last year, at a news conference today in Tallahassee. The rollout is expected in two [...]

Condo sales on the increase in 20 major metropolitan markets.

March 21, 2011

Florida‘s existing home and existing condo sales rose in February, according to the latest housing data released by Florida Realtors®. Existing home sales increased 13 percent last month with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010, according to Florida Realtors. February’s statewide sales of existing condos rose 29 [...]

U-Haul: Orlando the No. 2 moving destination

February 17, 2011

Orlando jumped three positions to the No. 2 moving destination in America in the 2010 U-Haul National Migration Trend Report. The City Beautiful ranked No. 5 in 2009. The annual report from U-Haul International Inc. tracks destinations for movers traveling more than 50 miles and includes every city in the country regardless of size. However, the data [...]

New rules force lenders to check credit back 120 days

February 4, 2011

WASHINGTON — One loan officer describes it as a “financial colonoscopy” on your credit, and he suggests that anybody applying for a mortgage be prepared for it. What he’s talking about is the combined effect of new credit transparency standards that have been imposed on lenders by mortgage giants Freddie Mac and Fannie Mae. As [...]

Wells Fargo out lends even BOA in the recent months

February 1, 2011

Some of America’s premier commercial banks, from Bank of America (BAC) to JPMorgan Chase (JPM), are still digging out from the 2007-2009 financial crisis, facing fat settlements and legal fees to resolve claims related to their mortgage portfolios that could yet cost billions of dollars. Not so Wells Fargo (WFC), the fourth-largest U.S. lender by [...]

Downtown office vacancy rates fall in Orlando, a positive sign of recovery.

January 28, 2011

Things are better in the downtown Orlando office market. The submarket, which had a 20.1 percent vacancy rate in fourth-quarter 2009, improved to 17.4 percent in 2010’s fourth quarter, said a new report from Morrison Commercial Real Estate. That compared with a fourth-quarter 2010 vacancy rate of 19.2 percent in the Orlando market as a [...]

Florida, existing homes, and condo sales, up in December 2010

January 26, 2011

ORLANDO, Fla. – Jan. 20, 2011 – Sales of existing homes and condominiums in Florida rose in December, a positive trend also reported at the close of 2010 as statewide sales activity posted gains over the previous year, according to the latest housing data released by Florida Realtors®.A total of 15,550 existing single-family homes sold [...]

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