Monaco will soon have a new title: home to the world's most expensive condo.
According to the National Association of Realtors, pending home sales in the U.S. rebounded in July 2014, and have now risen in four of the last five months. All major regions experienced healthy gains except for the Midwest, which saw a slight decline.
Central and South America's combined hotel development pipeline comprises 384 hotels totaling 62,958 new rooms.
U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annual pace of 4,634,513 in July.
The National Association of Home Builders' latest Multifamily Production Index (MPI), an economic indicator for the U.S. multifamily market, posted a gain of five points to a reading of 58 for the second quarter.
European banks and asset management agencies have a gross exposure of $770 billion (€584 billion) to non-core real estate.
According to the Orlando Regional Realtor Association (ORRA), Orlando home sales dropped more than 17 percent in July 2014 from July 2013 sales rate. Yet prices rose nearly 9 percent in the same year-over-year comparison.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending August 22, 2014, mortgage applications increased 2.8 percent from one week earlier.
California's real estate market continued to underperform in July 2014, with pending home sales posting lower.
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $954 on each loan they originated in the second quarter of 2014.
Sales of newly built, single-family homes in the U.S. fell 2.4 percent to a seasonally adjusted annual rate of 412,000 units in July 2014.
Blackstone Real Estate Debt Strategies has just made a $120 million construction loan to Eastview Development and GTIS Partners to fund construction of Biscayne Beach.
Why do different brokerages have different commissions? I met with one broker who said they can charge 4% and another that will charge 6%. Why?
According the Miami Association of Realtors, strong demand from both domestic and foreign buyers continues to fuel Miami's property price growth, as demand for new construction properties continues to gain momentum.
Given the stability and maturity of the U.S. commercial property market in 2014, global institutional money continues to flow into the United States.
According to Freddie Mac latest Primary Mortgage Market Survey (PMMS), the average fixed mortgage rate in the U.S. followed bond yields lower. Averaging 4.10 percent for the week, the 30-year fixed-rate mortgage fell below its previous 2014 low of 4.12 percent.
According to the Florida Realtors, Florida's housing market reported rising median prices and increased inventory in July 2014. Closed sales of single-family homes statewide totaled 22,099 last month, up 5 percent over the July 2013 figure.